Emigrant Savings Bank - Brooklyn/Queens

Headquarters

1954 Flatbush Avenue
Brooklyn, NY 11234
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Emigrant Savings Bank - Brooklyn/Queens is an FDIC insured institution located in Brooklyn, NY. It was founded in 2005 and has approximately $0.81 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58169
Date Established 2005
Assets $ 811.53 million
Loans $ 236.65 million
Deposits $ 720.19 million
Capital $ 65.49 million
 

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

Deposit Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Emigrant Savings Bank - Brooklyn/Queens

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 2020

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Payment
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AmeriSave Mortgage Corporation
NMLS ID: 1168
2.687% 2.625% 0.63 $2,015 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Emigrant Savings Bank - Brooklyn/Queens
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Branches

Emigrant Savings Bank - Brooklyn/Queens 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:
Fairfield,Connecticut


Emigrant Savings Bank - Brooklyn/Queens Locations


Financial Details

Emigrant Savings Bank - Brooklyn/Queens Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Emigrant Savings Bank - Brooklyn/Queens. 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 Savings Bank - Brooklyn/Queens U.S. Bank Average
79.46% 6.94%

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 March 31, 2020, Emigrant Savings Bank - Brooklyn/Queens had $51,264,000 in non-current loans and $3,318,000 in owned real estate. To cover these potential losses it had $65,486,000 in equity and $3,206,000 in loans loss reserves. That gives it a Texas Ratio of 79.46%.

Return on Equity
Emigrant Savings Bank - Brooklyn/Queens U.S. Bank Average
0.96% 7.80%

Emigrant Savings Bank - Brooklyn/Queens has a Return on Equity of 0.96% versus the BestCashCow average of 7.80%. 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 Savings Bank - Brooklyn/Queens U.S. Bank Average
8.07% 12.68%

Emigrant Savings Bank - Brooklyn/Queens has a Capitalization of 8.07% versus the BestCashCow average of 12.68. 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 Savings Bank - Brooklyn/Queens Balance Sheet Analysis

As of September 30, 2012, Emigrant Savings Bank - Brooklyn/Queens had assets of $811,533,000, loans of $236,652,000, and deposits of $720,192,000. 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, 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 $ 236.65 million
Loan loss allowance $ 3.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.32 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 720.19 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 $ 811.53 million

Summary Income Statement

March 31, 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 Emigrant Savings Bank - Brooklyn/Queens’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks in New York, Emigrant Savings Bank - Brooklyn/Queens has a significantly higher percent of 1-4 Family Residential 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 100.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Emigrant Savings Bank - Brooklyn/queens

Branches and Savings

Is Emigrant Savings Bank - Brooklyn/queens FDIC insured?

Yes. It is covered under FDIC Certificate #58169.

Why does Emigrant Savings Bank - Brooklyn/queens pay such low interest on savings accounts?

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

Why are Emigrant Savings Bank - Brooklyn/queens CD rates not competitive?

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

Is Emigrant Savings Bank - Brooklyn/queens a commercial bank?

Yes

Where are Emigrant Savings Bank - Brooklyn/queens locations?

See branch locations nearby.

Is Emigrant Savings Bank - Brooklyn/queens open on Saturdays?

Is Emigrant Savings Bank - Brooklyn/queens open on Sundays?

What time does Emigrant Savings Bank - Brooklyn/queens open?

What time does Emigrant Savings Bank - Brooklyn/queens close?

Are Emigrant Savings Bank - Brooklyn/queens ATMs Open 24/7?

Do Emigrant Savings Bank - Brooklyn/queens ATMs accept cash deposits?

Can Emigrant Savings Bank - Brooklyn/queens customers use other ATMs?

Do Emigrant Savings Bank - Brooklyn/queens branches have notaries?

Will Emigrant Savings Bank - Brooklyn/queens notarize my document?

What address for Emigrant Savings Bank - Brooklyn/queens should I put for incoming ACH transfers?

Will the Emigrant Savings Bank - Brooklyn/queens branch print checks?

Do Emigrant Savings Bank - Brooklyn/queens checks expire?

Does Emigrant Savings Bank - Brooklyn/queens require US citizenship to open account?

Can Emigrant Savings Bank - Brooklyn/queens close my account?

Does Emigrant Savings Bank - Brooklyn/queens Report to credit bureaus?

Does Emigrant Savings Bank - Brooklyn/queens Use Equifax?

What is Emigrant Savings Bank - Brooklyn/queens's ACH Routing Number?

What is Emigrant Savings Bank - Brooklyn/queens's SWIFT code?

Products

Does Emigrant Savings Bank - Brooklyn/queens offer mortgages?

Compare mortgage rates here.

Does Emigrant Savings Bank - Brooklyn/queens offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Emigrant Savings Bank - Brooklyn/queens offer personal loans?

Compare personal loan rates here.

Does Emigrant Savings Bank - Brooklyn/queens offer student loans?

Will Emigrant Savings Bank - Brooklyn/queens cash a check?

Will Emigrant Savings Bank - Brooklyn/queens redeem a savings bond?

Does Emigrant Savings Bank - Brooklyn/queens cash savings bonds?

Will Emigrant Savings Bank - Brooklyn/queens cash money orders?

Can Emigrant Savings Bank - Brooklyn/queens issue a money order?

Does Emigrant Savings Bank - Brooklyn/queens do currency exchange?

Background on The Bank

Who owns Emigrant Savings Bank - Brooklyn/queens?

How long has Emigrant Savings Bank - Brooklyn/queens been around?

Can Emigrant Savings Bank - Brooklyn/queens transfer to other banks?

Does Emigrant Savings Bank - Brooklyn/queens have quick pay?

Does Emigrant Savings Bank - Brooklyn/queens accept rolled coins?

Will Emigrant Savings Bank - Brooklyn/queens accept loose change?

Where is Emigrant Savings Bank - Brooklyn/queens headquarters?

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