Empire National Bank

Headquarters

1707 Veterans Highway
Islandia, NY 11749
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Empire National Bank is an FDIC insured institution located in Islandia, NY. It was founded in 2008 and has approximately $1 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 58632
Date Established 2008
Assets $ 1,000.95 million
Loans $ 662.94 million
Deposits $ 886.58 million
Capital $ 99.29 million
 

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

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Empire National 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Empire National Bank
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Branches

Empire National 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:
Fairfield,Connecticut


Empire National Bank Locations


Financial Details

Empire National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Empire National 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
Empire National Bank U.S. Bank Average
4.14% 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, Empire National Bank had $4,402,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $99,286,000 in equity and $6,984,000 in loans loss reserves. That gives it a Texas Ratio of 4.14%.

Return on Equity
Empire National Bank U.S. Bank Average
2.84% 7.80%

Empire National Bank has a Return on Equity of 2.84% 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
Empire National Bank U.S. Bank Average
9.92% 12.68%

Empire National Bank has a Capitalization of 9.92% 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.

Empire National Bank Balance Sheet Analysis

As of March 31, 2020, Empire National Bank had assets of $1,000,953,000, loans of $662,940,000, and deposits of $886,577,000. 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 $ 50.57 million
Interest-bearing balances $ 47.61 million
Total securities $ 242.48 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 662.94 million
Loan loss allowance $ 6.98 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.08 million
All other assets $ 30.92 million
     Total Assets $ 901.67 million
LIABILITIES
Total deposits $ 886.58 million
      Interest-bearing deposits $ 726.79 million
      Deposits held in domestic offices $ 886.58 million
      % insured (estimated) 44.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 15.09 million
      Total Liabilities $ 901.67 million
      Shareholders’ Equity $ 99.29 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.06 million
Total Interest Expense $ 2.49 million
Net interest income $ 6.57 million
Provision for loan and lease losses $ 0.62 million
Total non interest income $ 0.50 million
Total non interest expense $ 5.61 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in Empire National Bank’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in New York, Empire National Bank has a significantly higher percent of Multifamily Mortgages 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 13.40
Multifamily
Mortgages
46.39
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 6.64
Construction and Development Loans 2.60
Commercial Real Estate 23.33
Commercial and Industrial Loans 13.68
Farm Loans 0.00

Frequently Asked Questions About Empire National Bank

Branches and Savings

Is Empire National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58632.

Why does Empire National Bank pay such low interest on savings accounts?

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

Why are Empire National Bank CD rates not competitive?

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

Is Empire National Bank a commercial bank?

Yes

Where are Empire National Bank locations?

See branch locations nearby.

Is Empire National Bank open on Saturdays?

Is Empire National Bank open on Sundays?

What time does Empire National Bank open?

What time does Empire National Bank close?

Are Empire National Bank ATMs Open 24/7?

Do Empire National Bank ATMs accept cash deposits?

Can Empire National Bank customers use other ATMs?

Do Empire National Bank branches have notaries?

Will Empire National Bank notarize my document?

What address for Empire National Bank should I put for incoming ACH transfers?

Will the Empire National Bank branch print checks?

Do Empire National Bank checks expire?

Does Empire National Bank require US citizenship to open account?

Can Empire National Bank close my account?

Does Empire National Bank Report to credit bureaus?

Does Empire National Bank Use Equifax?

What is Empire National Bank's ACH Routing Number?

What is Empire National Bank's SWIFT code?

Products

Does Empire National Bank offer mortgages?

Compare mortgage rates here.

Does Empire National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Empire National Bank offer personal loans?

Compare personal loan rates here.

Does Empire National Bank offer student loans?

Will Empire National Bank cash a check?

Will Empire National Bank redeem a savings bond?

Does Empire National Bank cash savings bonds?

Will Empire National Bank cash money orders?

Can Empire National Bank issue a money order?

Does Empire National Bank do currency exchange?

Background on The Bank

Who owns Empire National Bank?

How long has Empire National Bank been around?

Can Empire National Bank transfer to other banks?

Does Empire National Bank have quick pay?

Does Empire National Bank accept rolled coins?

Will Empire National Bank accept loose change?

Where is Empire National Bank headquarters?

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