Herald National Bank

Headquarters

623 5th Ave
New York, NY 10022
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. 1.00% →
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

Herald National Bank is an FDIC insured institution located in New York, NY. It was founded in 2008 and has approximately $0.49 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58858
Date Established 2008
Assets $ 490.49 million
Loans $ 268.18 million
Deposits $ 387.28 million
Capital $ 100.57 million
 

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

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Herald 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
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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 Herald National Bank
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Branches

Herald 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


Herald National Bank Locations


Financial Details

Herald National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Herald 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
Herald National Bank U.S. Bank Average
1.97% 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, Herald National Bank had $2,018,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $100,574,000 in equity and $1,749,000 in loans loss reserves. That gives it a Texas Ratio of 1.97%.

Return on Equity
Herald National Bank U.S. Bank Average
-1.05% 7.80%

Herald National Bank has a Return on Equity of -1.05% 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
Herald National Bank U.S. Bank Average
20.5% 12.68%

Herald National Bank has a Capitalization of 20.5% 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.

Herald National Bank Balance Sheet Analysis

As of December 31, 2012, Herald National Bank had assets of $490,489,000, loans of $268,177,000, and deposits of $387,278,000. 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 $ 268.18 million
Loan loss allowance $ 1.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 387.28 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 $ 490.49 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 Herald National Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks, Herald National 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 6.03
Multifamily
Mortgages
17.50
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.92
Construction and Development Loans 1.03
Commercial Real Estate 41.99
Commercial and Industrial Loans 30.66
Farm Loans 0.00

Frequently Asked Questions About Herald National Bank

Branches and Savings

Is Herald National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58858.

Why does Herald 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 Herald National Bank CD rates not competitive?

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

Is Herald National Bank a commercial bank?

Yes

Where are Herald National Bank locations?

See branch locations nearby.

Is Herald National Bank open on Saturdays?

Is Herald National Bank open on Sundays?

What time does Herald National Bank open?

What time does Herald National Bank close?

Are Herald National Bank ATMs Open 24/7?

Do Herald National Bank ATMs accept cash deposits?

Can Herald National Bank customers use other ATMs?

Do Herald National Bank branches have notaries?

Will Herald National Bank notarize my document?

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

Will the Herald National Bank branch print checks?

Do Herald National Bank checks expire?

Does Herald National Bank require US citizenship to open account?

Can Herald National Bank close my account?

Does Herald National Bank Report to credit bureaus?

Does Herald National Bank Use Equifax?

What is Herald National Bank's ACH Routing Number?

What is Herald National Bank's SWIFT code?

Products

Does Herald National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Herald National Bank offer personal loans?

Compare personal loan rates here.

Does Herald National Bank offer student loans?

Will Herald National Bank cash a check?

Will Herald National Bank redeem a savings bond?

Does Herald National Bank cash savings bonds?

Will Herald National Bank cash money orders?

Can Herald National Bank issue a money order?

Does Herald National Bank do currency exchange?

Background on The Bank

Who owns Herald National Bank?

How long has Herald National Bank been around?

Can Herald National Bank transfer to other banks?

Does Herald National Bank have quick pay?

Does Herald National Bank accept rolled coins?

Will Herald National Bank accept loose change?

Where is Herald National Bank headquarters?

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