Emigrant Bank

5 East 42nd Street
New York, NY 10017

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 12054
Date Established 1850
Assets $5.70 billion
Loans $3.97 billion
Deposits $4.41 billion
Capital $1.20 billion

Emigrant Bank is an FDIC insured institution located in New York, NY. It was founded in 1850 and has approximately $5.7 billion in assets. Customers can open an account at one of its 5 branches.

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

Deposit Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.40% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn MoreShow Less
6 Mo CD
2.15% $1,000 - Learn MoreShow Less
2.00% $1,000 $9,999,999 Learn MoreShow Less
12 Mo CD
0.70% $1,000 - Learn MoreShow Less
18 Mo CD
1.00% $1,000 - Learn MoreShow Less
24 Mo CD
2.40% $1,000 - Learn MoreShow Less
30 Mo CD
1.20% $1,000 - Learn MoreShow Less
36 Mo CD
2.60% $1,000 - Learn MoreShow Less
48 Mo CD
1.50% $1,000 - Learn MoreShow Less
Special: 60 Mo CD
1.65% $1,000 - Learn MoreShow Less
60 Mo CD
2.80% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $2,499 Learn MoreShow Less
Int Ckg
0.25% $2,500 - Learn MoreShow Less

Online Only Savings Rates of My Savings Direct, a division of Emigrant Bank

Online Savings Rates APY MIN MAX

Online Only Savings Rates of Dollar Savings Direct

Online Savings Rates APY MIN MAX

Online Only CD Rates of My Savings Direct, a division of Emigrant Bank

Online CD Rates APY MIN MAX
6 Month CD
2.00% $1,000 - Learn MoreShow Less
30 Month CD
1.30% $1,000 - Learn MoreShow Less
60 Month CD
1.65% $1,000 - Learn MoreShow Less

Online Only CD Rates of Dollar Savings Direct

Online CD Rates APY MIN MAX
6 Month CD
2.15% $1,000 - Learn MoreShow Less
12 Month CD
1.80% $1,000 - Learn MoreShow Less
16 Month CD
1.90% $1,000 - Learn MoreShow Less
24 Month CD
2.00% $1,000 - Learn MoreShow Less
60 Month CD
2.80% $1,000 - Learn MoreShow Less

Bank Online Offers

My Savings Direct Raises Online Savings Rate to 2.40%
Dec 5, 2018

My Savings Direct, a division of Emigrant Bank, has raised their online savings rate to 2.40%.   This is currently the best online savings rate available nationally.   



Loan Rates - September 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Emigrant 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.536% 3.500% 0.50 $1,108 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Emigrant Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Emigrant 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


Emigrant Bank Locations


Financial Details

Emigrant Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Emigrant 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
Emigrant Bank U.S. Bank Average
15.59% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2019, Emigrant Bank had $177,087,000 in non-current loans and $20,270,000 in owned real estate. To cover these potential losses it had $1,196,309,000 in equity and $69,877,000 in loans loss reserves. That gives it a Texas Ratio of 15.59%.

Return on Equity
Emigrant Bank U.S. Bank Average
2.39% 9.47%

Emigrant Bank has a Return on Equity of 2.39% versus the BestCashCow average of 9.47%. 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
Emigrant Bank U.S. Bank Average
21% 12.49%

Emigrant Bank has a Capitalization of 21% versus the BestCashCow average of 12.49. 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.

Emigrant Bank Balance Sheet Analysis

As of March 31, 2019, Emigrant Bank had assets of $5,695,866,000, loans of $3,974,515,000, and deposits of $4,413,363,000. 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.12 billion
Interest-bearing balances $0.11 billion
Total securities $0.91 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.97 billion
Loan loss allowance $0.07 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $0.10 billion
All other assets $0.43 billion
     Total Assets $4.50 billion
LIABILITIES
Total deposits $4.41 billion
      Interest-bearing deposits $4.32 billion
      Deposits held in domestic offices $4.41 billion
      % insured (estimated) 91.32%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.06 billion
      Total Liabilities $4.50 billion
      Shareholders’ Equity $1.20 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.08 billion
Total Interest Expense $0.02 billion
Net interest income $0.06 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

The top three loan types in Emigrant Bank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in New York, Emigrant Bank has a significantly higher percent of Commercial and Industrial 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 26.32
Multifamily
Mortgages
11.97
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.70
Construction and Development Loans 4.95
Commercial Real Estate 15.74
Commercial and Industrial Loans 39.10
Farm Loans 0.00

Frequently Asked Questions About Emigrant Bank

Branches and Savings

Is Emigrant Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12054.

Why does Emigrant Bank pay such low interest on savings accounts?

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

Why are Emigrant Bank CD rates not competitive?

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

Is Emigrant Bank a commercial bank?

Yes

Where are Emigrant Bank locations?

See branch locations nearby.

Is Emigrant Bank open on Saturdays?

Is Emigrant Bank open on Sundays?

What time does Emigrant Bank open?

What time does Emigrant Bank close?

Are Emigrant Bank ATMs Open 24/7?

Do Emigrant Bank ATMs accept cash deposits?

Can Emigrant Bank customers use other ATMs?

Do Emigrant Bank branches have notaries?

Will Emigrant Bank notarize my document?

What address for Emigrant Bank should I put for incoming ACH transfers?

Will the Emigrant Bank branch print checks?

Do Emigrant Bank checks expire?

Does Emigrant Bank require US citizenship to open account?

Can Emigrant Bank close my account?

Does Emigrant Bank Report to credit bureaus?

Does Emigrant Bank Use Equifax?

What is Emigrant Bank's ACH Routing Number?

What is Emigrant Bank's SWIFT code?

Products

Does Emigrant Bank offer mortgages?

Compare mortgage rates here.

Does Emigrant Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Emigrant Bank offer personal loans?

Compare personal loan rates here.

Does Emigrant Bank offer student loans?

Will Emigrant Bank cash a check?

Will Emigrant Bank redeem a savings bond?

Does Emigrant Bank cash savings bonds?

Will Emigrant Bank cash money orders?

Can Emigrant Bank issue a money order?

Does Emigrant Bank do currency exchange?

Background on The Bank

Who owns Emigrant Bank?

How long has Emigrant Bank been around?

Can Emigrant Bank transfer to other banks?

Does Emigrant Bank have quick pay?

Does Emigrant Bank accept rolled coins?

Will Emigrant Bank accept loose change?

Where is Emigrant Bank headquarters?

Customer Reviews for Emigrant Bank


  • June 14, 2017 |

    Thanks guys for being honest and truthful...I'll put my money elsewhere...I don't need any more headaches...

  • July 13, 2016

    Your bank in Ossining nu has displayed extremely poor taste neglecting too fly the flag at half staff in light of the assimilation of the 5 police officers in Dallas, especially as it is one of the villages most visible locations

  • September 22, 2015

    Typical Emigrant bank. Begin with a great rate, then make a big reduction. All down hill from here.

  • September 15, 2015

    Yeap 1.25% must have been a con game now 1.10%.

  • September 14, 2015

    Just lowered their rate to 1.10%!

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