Industrial and Commercial Bank of China USA, National Association

1633 Broadway
New York, NY 10019

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 24387
Date Established 1983
Assets $2.89 billion
Loans $2.48 billion
Deposits $2.25 billion
Capital $0.42 billion

Industrial and Commercial Bank of China USA, National Association is an FDIC insured institution located in New York, NY. It was founded in 1983 and has approximately $2.89 billion in assets. Customers can open an account at one of its 13 branches.

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

Bank Loan Profile?

The top three loan types in Industrial and Commercial Bank of China USA, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in New York, Industrial and Commercial Bank of China USA, National Association has a significantly higher percent of 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 7.53
Multifamily
Mortgages
2.58
Credit Card Loans 0.04
Consumer Auto Loans 0.00
Small Business Loans 2.24
Construction and Development Loans 8.91
Commercial Real Estate 50.83
Commercial and Industrial Loans 28.30
Farm Loans 0.00

Deposit Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $4,999 Learn MoreShow Less
Money Market
0.10% $5,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $2,500 $99,999 Learn MoreShow Less
3 Mo CD
0.20% $100,000 - Learn MoreShow Less
6 Mo CD
0.18% $2,500 $99,999 Learn MoreShow Less
6 Mo CD
0.28% $100,000 - Learn MoreShow Less
12 Mo CD
0.30% $2,500 $99,999 Learn MoreShow Less
12 Mo CD
0.40% $100,000 - Learn MoreShow Less
18 Mo CD
0.40% $2,500 $99,999 Learn MoreShow Less
18 Mo CD
0.50% $100,000 - Learn MoreShow Less
24 Mo CD
0.50% $2,500 $99,999 Learn MoreShow Less
24 Mo CD
0.60% $100,000 - Learn MoreShow Less
0.60% $2,500 $99,999 Learn MoreShow Less
36 Mo CD
0.70% $100,000 - Learn MoreShow Less
48 Mo CD
1.16% $2,500 $99,999 Learn MoreShow Less
48 Mo CD
1.26% $100,000 - Learn MoreShow Less
60 Mo CD
1.51% $2,500 $99,999 Learn MoreShow Less
60 Mo CD
1.61% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.01% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less

Loan Rates - June 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Industrial and Commercial Bank of China USA, National Association

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

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Industrial and Commercial Bank of China USA, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Industrial and Commercial Bank of China USA, National Association 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


Industrial and Commercial Bank of China USA, National Association Locations


Financial Details

Industrial and Commercial Bank of China USA, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Industrial and Commercial Bank of China USA, National Association. 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
Industrial and Commercial Bank of China USA, National Association U.S. Bank Average
0.32% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Industrial and Commercial Bank of China USA, National Association had $1,367,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $416,345,000 in equity and $15,906,000 in loans loss reserves. That gives it a Texas Ratio of 0.32%.

Return on Equity
Industrial and Commercial Bank of China USA, National Association U.S. Bank Average
5.96% 8.80%

Industrial and Commercial Bank of China USA, National Association has a Return on Equity of 5.96% versus the BestCashCow average of 8.80%. 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
Industrial and Commercial Bank of China USA, National Association U.S. Bank Average
14.42% 12.29%

Industrial and Commercial Bank of China USA, National Association has a Capitalization of 14.42% versus the BestCashCow average of 12.29. 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.

Industrial and Commercial Bank of China USA, National Association Balance Sheet Analysis

As of December 31, 2018, Industrial and Commercial Bank of China USA, National Association had assets of $2,886,641,000, loans of $2,484,908,000, and deposits of $2,248,361,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.29 billion
Interest-bearing balances $0.27 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.48 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.06 billion
All other assets $0.04 billion
     Total Assets $2.47 billion
LIABILITIES
Total deposits $2.25 billion
      Interest-bearing deposits $1.82 billion
      Deposits held in domestic offices $2.25 billion
      % insured (estimated) 68.92%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.19 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $2.47 billion
      Shareholders’ Equity $0.42 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.11 billion
Total Interest Expense $0.03 billion
Net interest income $0.08 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.01 billion
Total non interest expense $0.06 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Industrial And Commercial Bank Of China Usa, National Association

Branches and Savings

Is Industrial And Commercial Bank Of China Usa, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #24387.

Why does Industrial And Commercial Bank Of China Usa, National Association pay such low interest on savings accounts?

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

Why are Industrial And Commercial Bank Of China Usa, National Association CD rates not competitive?

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

Is Industrial And Commercial Bank Of China Usa, National Association a commercial bank?

Yes

Where are Industrial And Commercial Bank Of China Usa, National Association locations?

See branch locations nearby.

Is Industrial And Commercial Bank Of China Usa, National Association open on Saturdays?

Is Industrial And Commercial Bank Of China Usa, National Association open on Sundays?

What time does Industrial And Commercial Bank Of China Usa, National Association open?

What time does Industrial And Commercial Bank Of China Usa, National Association close?

Are Industrial And Commercial Bank Of China Usa, National Association ATMs Open 24/7?

Do Industrial And Commercial Bank Of China Usa, National Association ATMs accept cash deposits?

Can Industrial And Commercial Bank Of China Usa, National Association customers use other ATMs?

Do Industrial And Commercial Bank Of China Usa, National Association branches have notaries?

Will Industrial And Commercial Bank Of China Usa, National Association notarize my document?

What address for Industrial And Commercial Bank Of China Usa, National Association should I put for incoming ACH transfers?

Will the Industrial And Commercial Bank Of China Usa, National Association branch print checks?

Do Industrial And Commercial Bank Of China Usa, National Association checks expire?

Does Industrial And Commercial Bank Of China Usa, National Association require US citizenship to open account?

Can Industrial And Commercial Bank Of China Usa, National Association close my account?

Does Industrial And Commercial Bank Of China Usa, National Association Report to credit bureaus?

Does Industrial And Commercial Bank Of China Usa, National Association Use Equifax?

What is Industrial And Commercial Bank Of China Usa, National Association's ACH Routing Number?

What is Industrial And Commercial Bank Of China Usa, National Association's SWIFT code?

Products

Does Industrial And Commercial Bank Of China Usa, National Association offer mortgages?

Compare mortgage rates here.

Does Industrial And Commercial Bank Of China Usa, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Industrial And Commercial Bank Of China Usa, National Association offer personal loans?

Compare personal loan rates here.

Does Industrial And Commercial Bank Of China Usa, National Association offer student loans?

Will Industrial And Commercial Bank Of China Usa, National Association cash a check?

Will Industrial And Commercial Bank Of China Usa, National Association redeem a savings bond?

Does Industrial And Commercial Bank Of China Usa, National Association cash savings bonds?

Will Industrial And Commercial Bank Of China Usa, National Association cash money orders?

Can Industrial And Commercial Bank Of China Usa, National Association issue a money order?

Does Industrial And Commercial Bank Of China Usa, National Association do currency exchange?

Background on The Bank

Who owns Industrial And Commercial Bank Of China Usa, National Association?

How long has Industrial And Commercial Bank Of China Usa, National Association been around?

Can Industrial And Commercial Bank Of China Usa, National Association transfer to other banks?

Does Industrial And Commercial Bank Of China Usa, National Association have quick pay?

Does Industrial And Commercial Bank Of China Usa, National Association accept rolled coins?

Will Industrial And Commercial Bank Of China Usa, National Association accept loose change?

Where is Industrial And Commercial Bank Of China Usa, National Association headquarters?

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