Emigrant Mercantile Bank


6 East 43rd Street
New York, NY 10017
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.40% 0.85% →
1-Year CD 0.60% 0.75% →
2-Year CD 0.65% 0.80% →
5-Year CD 0.70% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Emigrant Mercantile Bank is an FDIC insured institution located in New York, NY. It was founded in 2004 and has approximately $0 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57834
Date Established 2004
Assets $ 3.40 million
Loans N.A.
Deposits $ 0.50 million
Capital $ 2.90 million

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

Deposit Rates - October 28, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.40% $2,500 - Learn More
Money Market
0.40% $2,500 - Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Emigrant Mercantile Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375%
1.00 points
$3,750 fees
$1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Emigrant Mercantile Bank
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Climate Initiatives

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Financial Details

Emigrant Mercantile Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Emigrant Mercantile 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 Mercantile Bank U.S. Bank Average
0% 4.78%

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 June 30, 2021, Emigrant Mercantile Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,898,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Emigrant Mercantile Bank U.S. Bank Average
-0.62% 11.29%

Emigrant Mercantile Bank has a Return on Equity of -0.62% versus the BestCashCow average of 11.29%. 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.

Emigrant Mercantile Bank U.S. Bank Average
85.16% 11.72%

Emigrant Mercantile Bank has a Capitalization of 85.16% versus the BestCashCow average of 11.72. 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 Mercantile Bank Balance Sheet Analysis

As of June 30, 2021, Emigrant Mercantile Bank had assets of $3,403,000, loans of $0, and deposits of $500,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 3.40 million
Interest-bearing balances $ 3.38 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.01 million
     Total Assets $ 0.51 million
Total deposits $ 0.50 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices $ 0.50 million
      % insured (estimated) 50.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.01 million
      Total Liabilities $ 0.51 million
      Shareholders’ Equity $ 2.90 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 0.02 million
Total Interest Expense N.A.
Net interest income $ 0.02 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 0.03 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Emigrant Mercantile Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Emigrant Mercantile Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Emigrant Mercantile Bank

Branches and Savings

Is Emigrant Mercantile Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57834.

Why does Emigrant Mercantile 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 Mercantile Bank CD rates not competitive?

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

Is Emigrant Mercantile Bank a commercial bank?


Where are Emigrant Mercantile Bank locations?

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Does Emigrant Mercantile Bank Use Equifax?

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Does Emigrant Mercantile Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Emigrant Mercantile Bank offer personal loans?

Compare personal loan rates here.

Does Emigrant Mercantile Bank offer student loans?

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Background on The Bank

Who owns Emigrant Mercantile Bank?

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Can Emigrant Mercantile Bank transfer to other banks?

Does Emigrant Mercantile Bank have quick pay?

Does Emigrant Mercantile Bank accept rolled coins?

Will Emigrant Mercantile Bank accept loose change?

Where is Emigrant Mercantile Bank headquarters?

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