East River Bank

Headquarters

4341 Ridge Avenue
Philadelphia, PA 19129
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

East River Bank is an FDIC insured institution located in Philadelphia, PA. It was founded in 2006 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58171
Date Established 2006
Assets $ 320.44 million
Loans $ 302.95 million
Deposits $ 229.04 million
Capital $ 31.34 million
 

For a more detailed analysis of East River Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - January 15, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - January 15, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for East River Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

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Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to East River Bank
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Branches

East River Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


East River Bank Locations


Financial Details

East River Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of East River Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
East River Bank U.S. Bank Average
9.47% 6.14%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2020, East River Bank had $2,932,000 in non-current loans and $398,000 in owned real estate. To cover these potential losses it had $31,340,000 in equity and $3,835,000 in loans loss reserves. That gives it a Texas Ratio of 9.47%.

Return on Equity
East River Bank U.S. Bank Average
5.73% 9.23%

East River Bank has a Return on Equity of 5.73% versus the BestCashCow average of 9.23%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
East River Bank U.S. Bank Average
9.78% 12.07%

East River Bank has a Capitalization of 9.78% versus the BestCashCow average of 12.07. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

East River Bank Balance Sheet Analysis

As of June 30, 2016, East River Bank had assets of $322,797,000, loans of $302,947,000, and deposits of $229,035,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 302.95 million
Loan loss allowance $ 3.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 229.04 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 320.44 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in East River Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Pennsylvania, East River Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 51.32
Multifamily
Mortgages
9.41
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.42
Construction and Development Loans 15.44
Commercial Real Estate 20.68
Commercial and Industrial Loans 4.69
Farm Loans 0.00

Frequently Asked Questions About East River Bank

Branches and Savings

Is East River Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58171.

Why does East River Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are East River Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is East River Bank a commercial bank?

Yes

Where are East River Bank locations?

See branch locations nearby.

Is East River Bank open on Saturdays?

Is East River Bank open on Sundays?

What time does East River Bank open?

What time does East River Bank close?

Are East River Bank ATMs Open 24/7?

Do East River Bank ATMs accept cash deposits?

Can East River Bank customers use other ATMs?

Do East River Bank branches have notaries?

Will East River Bank notarize my document?

What address for East River Bank should I put for incoming ACH transfers?

Will the East River Bank branch print checks?

Do East River Bank checks expire?

Does East River Bank require US citizenship to open account?

Can East River Bank close my account?

Does East River Bank Report to credit bureaus?

Does East River Bank Use Equifax?

What is East River Bank's ACH Routing Number?

What is East River Bank's SWIFT code?

Products

Does East River Bank offer mortgages?

Compare mortgage rates here.

Does East River Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does East River Bank offer personal loans?

Compare personal loan rates here.

Does East River Bank offer student loans?

Will East River Bank cash a check?

Will East River Bank redeem a savings bond?

Does East River Bank cash savings bonds?

Will East River Bank cash money orders?

Can East River Bank issue a money order?

Does East River Bank do currency exchange?

Background on The Bank

Who owns East River Bank?

How long has East River Bank been around?

Can East River Bank transfer to other banks?

Does East River Bank have quick pay?

Does East River Bank accept rolled coins?

Will East River Bank accept loose change?

Where is East River Bank headquarters?

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