Emigrant Mercantile Bank

6 East 43rd Street
New York, NY 10017

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57834
Date Established 2004
Assets $0.00 billion
Loans $0.00 billion
Deposits $0.00 billion
Capital $0.00 billion

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.

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 - August 23, 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
0.50% $1,000 - 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
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% $5 $2,500 Learn MoreShow Less
Int Ckg
0.25% $2,501 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

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Payment
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Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.522% 3.500% 0.25 $675 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.657% 3.625% 0.38 $980 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
More Info

Note to Emigrant Mercantile Bank
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Branches

Emigrant Mercantile 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 Mercantile Bank Locations


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% 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 Mercantile Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,933,000 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
0.41% 9.47%

Emigrant Mercantile Bank has a Return on Equity of 0.41% 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 Mercantile Bank U.S. Bank Average
85.29% 12.49%

Emigrant Mercantile Bank has a Capitalization of 85.29% 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 Mercantile Bank Balance Sheet Analysis

As of March 31, 2019, Emigrant Mercantile Bank had assets of $3,439,000, 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.00 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.00 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 50.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

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

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans nan
Multifamily
Mortgages
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?

Yes

Where are Emigrant Mercantile Bank locations?

See branch locations nearby.

Is Emigrant Mercantile Bank open on Saturdays?

Is Emigrant Mercantile Bank open on Sundays?

What time does Emigrant Mercantile Bank open?

What time does Emigrant Mercantile Bank close?

Are Emigrant Mercantile Bank ATMs Open 24/7?

Do Emigrant Mercantile Bank ATMs accept cash deposits?

Can Emigrant Mercantile Bank customers use other ATMs?

Do Emigrant Mercantile Bank branches have notaries?

Will Emigrant Mercantile Bank notarize my document?

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

Will the Emigrant Mercantile Bank branch print checks?

Do Emigrant Mercantile Bank checks expire?

Does Emigrant Mercantile Bank require US citizenship to open account?

Can Emigrant Mercantile Bank close my account?

Does Emigrant Mercantile Bank Report to credit bureaus?

Does Emigrant Mercantile Bank Use Equifax?

What is Emigrant Mercantile Bank's ACH Routing Number?

What is Emigrant Mercantile Bank's SWIFT code?

Products

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?

Will Emigrant Mercantile Bank cash a check?

Will Emigrant Mercantile Bank redeem a savings bond?

Does Emigrant Mercantile Bank cash savings bonds?

Will Emigrant Mercantile Bank cash money orders?

Can Emigrant Mercantile Bank issue a money order?

Does Emigrant Mercantile Bank do currency exchange?

Background on The Bank

Who owns Emigrant Mercantile Bank?

How long has Emigrant Mercantile Bank been around?

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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