Israel Discount Bank of New York

Headquarters

511 Fifth Avenue
New York, NY 10017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Israel Discount Bank of New York is an FDIC insured institution located in New York, NY. It was founded in 1922 and has approximately $11 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 19977
Date Established 1922
Assets $ 11.00 billion
Loans $ 6.95 billion
Deposits $ 8.37 billion
Capital $ 1,071.50 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Israel Discount Bank of New York

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

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Israel Discount Bank of New York
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Branches

Israel Discount Bank of New York 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


Israel Discount Bank of New York Locations


Financial Details

Israel Discount Bank of New York Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Israel Discount Bank of New York. 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
Israel Discount Bank of New York U.S. Bank Average
2.25% 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, Israel Discount Bank of New York had $26,226,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,071,503,000 in equity and $92,844,000 in loans loss reserves. That gives it a Texas Ratio of 2.25%.

Return on Equity
Israel Discount Bank of New York U.S. Bank Average
8.38% 7.80%

Israel Discount Bank of New York has a Return on Equity of 8.38% 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
Israel Discount Bank of New York U.S. Bank Average
9.74% 12.68%

Israel Discount Bank of New York has a Capitalization of 9.74% 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.

Israel Discount Bank of New York Balance Sheet Analysis

As of March 31, 2020, Israel Discount Bank of New York had assets of $10,998,320,000, loans of $6,945,118,000, and deposits of $8,374,756,000. 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 $ 648.99 million
Interest-bearing balances $ 464.06 million
Total securities $ 2.62 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.95 billion
Loan loss allowance $ 92.84 million
Trading account assets $ 204.57 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 545.27 million
     Total Assets $ 9.93 billion
LIABILITIES
Total deposits $ 8.37 billion
      Interest-bearing deposits $ 7.83 billion
      Deposits held in domestic offices $ 8.37 billion
      % insured (estimated) 44.94%
Federal funds purchased and repurchase agreements $ 350.00 million
Trading liabilities $ 189.19 million
Other borrowed funds $ 875.00 million
Subordinated debt N.A.
All other liabilities $ 137.87 million
      Total Liabilities $ 9.93 billion
      Shareholders’ Equity $ 1,071.50 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 89.83 million
Total Interest Expense $ 30.64 million
Net interest income $ 59.18 million
Provision for loan and lease losses $ 15.03 million
Total non interest income $ 26.25 million
Total non interest expense $ 46.88 million
Pre-tax Net Operating Income $ 23.53 million

Bank Loan Profile?

The top three loan types in Israel Discount Bank of New York’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in New York, Israel Discount Bank of New York has a significantly higher percent of Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.22
Multifamily
Mortgages
7.94
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 0.06
Construction and Development Loans 3.03
Commercial Real Estate 26.19
Commercial and Industrial Loans 40.54
Farm Loans 0.00

Frequently Asked Questions About Israel Discount Bank Of New York

Branches and Savings

Is Israel Discount Bank Of New York FDIC insured?

Yes. It is covered under FDIC Certificate #19977.

Why does Israel Discount Bank Of New York pay such low interest on savings accounts?

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

Why are Israel Discount Bank Of New York CD rates not competitive?

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

Is Israel Discount Bank Of New York a commercial bank?

Yes

Where are Israel Discount Bank Of New York locations?

See branch locations nearby.

Is Israel Discount Bank Of New York open on Saturdays?

Is Israel Discount Bank Of New York open on Sundays?

What time does Israel Discount Bank Of New York open?

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Are Israel Discount Bank Of New York ATMs Open 24/7?

Do Israel Discount Bank Of New York ATMs accept cash deposits?

Can Israel Discount Bank Of New York customers use other ATMs?

Do Israel Discount Bank Of New York branches have notaries?

Will Israel Discount Bank Of New York notarize my document?

What address for Israel Discount Bank Of New York should I put for incoming ACH transfers?

Will the Israel Discount Bank Of New York branch print checks?

Do Israel Discount Bank Of New York checks expire?

Does Israel Discount Bank Of New York require US citizenship to open account?

Can Israel Discount Bank Of New York close my account?

Does Israel Discount Bank Of New York Report to credit bureaus?

Does Israel Discount Bank Of New York Use Equifax?

What is Israel Discount Bank Of New York's ACH Routing Number?

What is Israel Discount Bank Of New York's SWIFT code?

Products

Does Israel Discount Bank Of New York offer mortgages?

Compare mortgage rates here.

Does Israel Discount Bank Of New York offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Israel Discount Bank Of New York offer personal loans?

Compare personal loan rates here.

Does Israel Discount Bank Of New York offer student loans?

Will Israel Discount Bank Of New York cash a check?

Will Israel Discount Bank Of New York redeem a savings bond?

Does Israel Discount Bank Of New York cash savings bonds?

Will Israel Discount Bank Of New York cash money orders?

Can Israel Discount Bank Of New York issue a money order?

Does Israel Discount Bank Of New York do currency exchange?

Background on The Bank

Who owns Israel Discount Bank Of New York?

How long has Israel Discount Bank Of New York been around?

Can Israel Discount Bank Of New York transfer to other banks?

Does Israel Discount Bank Of New York have quick pay?

Does Israel Discount Bank Of New York accept rolled coins?

Will Israel Discount Bank Of New York accept loose change?

Where is Israel Discount Bank Of New York headquarters?

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