Empire State Bank


68 North Plank Road
Newburgh, NY 12550
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.55% 0.66% →
1-Year CD 0.60% 0.67% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.70% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Empire State Bank is an FDIC insured institution located in Newburgh, NY. It was founded in 2004 and has approximately $0.52 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57672
Date Established 2004
Assets $ 515.57 million
Loans $ 428.96 million
Deposits $ 382.98 million
Capital $ 45.46 million

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

Deposit Rates - April 16, 2021

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
0.55% $5,000 $250,000 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
6 Mo CD
0.55% $1,000 - Learn More
12 Mo CD
0.60% $1,000 - Learn More
18 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
30 Mo CD
0.60% $1,000 - Learn More
36 Mo CD
0.70% $1,000 - Learn More
48 Mo CD
0.70% $1,000 - Learn More
60 Mo CD
0.70% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 16, 2021

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Empire State Bank

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

Featured - Washington 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Test Advertiser QA
2.432% 2.375% 0.75 $1,875 $972 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
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

Note to Empire State Bank
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Empire State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Empire State Bank Locations

Financial Details

Empire State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Empire State 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 State Bank U.S. Bank Average
3.88% 5.49%

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 December 31, 2020, Empire State Bank had $1,975,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $45,464,000 in equity and $5,453,000 in loans loss reserves. That gives it a Texas Ratio of 3.88%.

Return on Equity
Empire State Bank U.S. Bank Average
4.54% 9.24%

Empire State Bank has a Return on Equity of 4.54% versus the BestCashCow average of 9.24%. 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.

Empire State Bank U.S. Bank Average
8.82% 11.96%

Empire State Bank has a Capitalization of 8.82% versus the BestCashCow average of 11.96. 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 State Bank Balance Sheet Analysis

As of December 31, 2020, Empire State Bank had assets of $515,568,000, loans of $428,964,000, and deposits of $382,981,000. 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

December 31, 2020
Cash & Balances due from depository institutions $ 62.53 million
Interest-bearing balances $ 59.50 million
Total securities $ 6.46 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 428.96 million
Loan loss allowance $ 5.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.70 million
All other assets $ 6.29 million
     Total Assets $ 470.10 million
Total deposits $ 382.98 million
      Interest-bearing deposits $ 265.38 million
      Deposits held in domestic offices $ 382.98 million
      % insured (estimated) 79.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.96 million
Subordinated debt N.A.
All other liabilities $ 4.17 million
      Total Liabilities $ 470.10 million
      Shareholders’ Equity $ 45.46 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 18.79 million
Total Interest Expense $ 3.90 million
Net interest income $ 14.89 million
Provision for loan and lease losses $ 2.78 million
Total non interest income $ 0.59 million
Total non interest expense $ 10.66 million
Pre-tax Net Operating Income $ 2.04 million

Bank Loan Profile?

The top three loan types in Empire State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in New York, Empire State Bank has a significantly higher percent of Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 41.36
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 23.96
Construction and Development Loans 0.29
Commercial Real Estate 34.36
Commercial and Industrial Loans 16.52
Farm Loans 0.13

Frequently Asked Questions About Empire State Bank

Branches and Savings

Is Empire State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57672.

Why does Empire State 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 State Bank CD rates not competitive?

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

Is Empire State Bank a commercial bank?


Where are Empire State Bank locations?

See branch locations nearby.

Is Empire State Bank open on Saturdays?

Is Empire State Bank open on Sundays?

What time does Empire State Bank open?

What time does Empire State Bank close?

Are Empire State Bank ATMs Open 24/7?

Do Empire State Bank ATMs accept cash deposits?

Can Empire State Bank customers use other ATMs?

Do Empire State Bank branches have notaries?

Will Empire State Bank notarize my document?

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

Will the Empire State Bank branch print checks?

Do Empire State Bank checks expire?

Does Empire State Bank require US citizenship to open account?

Can Empire State Bank close my account?

Does Empire State Bank Report to credit bureaus?

Does Empire State Bank Use Equifax?

What is Empire State Bank's ACH Routing Number?

What is Empire State Bank's SWIFT code?


Does Empire State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Empire State Bank offer personal loans?

Compare personal loan rates here.

Does Empire State Bank offer student loans?

Will Empire State Bank cash a check?

Will Empire State Bank redeem a savings bond?

Does Empire State Bank cash savings bonds?

Will Empire State Bank cash money orders?

Can Empire State Bank issue a money order?

Does Empire State Bank do currency exchange?

Background on The Bank

Who owns Empire State Bank?

How long has Empire State Bank been around?

Can Empire State Bank transfer to other banks?

Does Empire State Bank have quick pay?

Does Empire State Bank accept rolled coins?

Will Empire State Bank accept loose change?

Where is Empire State Bank headquarters?

Customer Reviews for Empire State Bank

  • July 31, 2020 |

    Savings Rates

    Reduced savings rate from 1.88% to .75% a day after I deposited a substantial amount of money and no notice given or reduction in rate told to me

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