Habib American Bank

logo for Habib American Bank
Headquarters

150 East 45th Street
New York, NY 10017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Habib American Bank is an FDIC insured institution located in New York, NY. It was founded in 1984 and has approximately $2.46 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 25093
Date Established 1984
Assets $ 2.46 billion
Loans $ 1,484.79 million
Deposits $ 2.09 billion
Capital $ 227.69 million
 

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

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Habib American 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 2024

Lender APR Rate (%) Monthly
Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625%
0.75 points
$3,298 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990%
0.75 points
$2,400 fees
$2,127 Learn More
CrossCountry Mortgage
NMLS ID: 3029

points
fees
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FHAloans.com
NMLS ID: Not a Lender

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fees
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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Habib American Bank
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Branches

Habib American 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



Climate Policy and Initiatives

Habib American Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Habib American Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Habib American 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
Habib American Bank U.S. Bank Average
1.93% 4.29%

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, 2024, Habib American Bank had $4,829,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $227,686,000 in equity and $22,011,000 in loans loss reserves. That gives it a Texas Ratio of 1.93%.

Return on Equity
Habib American Bank U.S. Bank Average
6.69% 10.46%

Habib American Bank has a Return on Equity of 6.69% versus the BestCashCow average of 10.46%. 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
Habib American Bank U.S. Bank Average
9.25% 10.73%

Habib American Bank has a Capitalization of 9.25% versus the BestCashCow average of 10.73. 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.

Habib American Bank Balance Sheet Analysis

As of March 31, 2024, Habib American Bank had assets of $2,461,280,000, loans of $1,484,793,000, and deposits of $2,087,350,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 611.45 million
Interest-bearing balances $ 603.21 million
Total securities $ 252.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,484.79 million
Loan loss allowance $ 22.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.60 million
All other assets $ 52.85 million
     Total Assets $ 2.23 billion
LIABILITIES
Total deposits $ 2.09 billion
      Interest-bearing deposits $ 1,767.02 million
      Deposits held in domestic offices $ 1,487.36 million
      % insured (estimated) 48.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 100.00 million
Subordinated debt N.A.
All other liabilities $ 30.80 million
      Total Liabilities $ 2.23 billion
      Shareholders’ Equity $ 227.69 million

Summary Income Statement

March 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 29.57 million
Total Interest Expense $ 20.43 million
Net interest income $ 9.14 million
Provision for loan and lease losses N.A.
Total non interest income $ 6.32 million
Total non interest expense $ 10.02 million
Pre-tax Net Operating Income $ 21.80 million

Bank Loan Profile?

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

Compared to other banks in New York, Habib American Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 13.13
Multifamily
Mortgages
7.10
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 19.63
Construction and Development Loans 0.00
Commercial Real Estate 61.90
Commercial and Industrial Loans 2.40
Farm Loans 0.00

Customer Reviews for Habib American Bank


  • February 13, 2018

    Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys and gals should be in jail. I did not enjoy my travels to the Middle East.

  • September 11, 2017

    This bank has horrible customer service. The lady who picks up the phone doesn't hear your full question before transferring you (95% of the time) to the wrong party. When I called them another time I called them at 4:05PM and the same lady called and actually got mad at me for calling them after hours (I didn't know they close at 4PM) when she picked up my call. She shouldn't have picked up the phone then.

    I know other people who have had the same horrible customer service experience. If this bank was ever mystery shopped, it would shut down! I don't know how they manage to stay open.


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*Should any logos, images or public notes appear on this page,they do so courtesy of Habib American Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.