M.Y. SAFRA BANK, FSB

Headquarters

499 Park Avenue
New York, NY 10022
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD 0.65% 1.15% →
2-Year CD 0.65% 1.26% →
5-Year CD 1.00% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

M.Y. SAFRA BANK, FSB is an FDIC insured institution located in New York, NY. It was founded in 2000 and has approximately $0.44 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35154
Date Established 2000
Assets $ 439.07 million
Loans $ 231.31 million
Deposits $ 384.85 million
Capital $ 49.52 million
 

For a more detailed analysis of M.Y. SAFRA BANK, FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 9, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $5,000 $1,000,000 Learn More
CD Rates APY MIN MAX
6 Month CD
0.45% $1,000 $250,000 Learn More
1 Year CD
0.65% $500 $250,000 Learn More
18 Month CD
0.65% $750 $250,000 Learn More
2 Year CD
0.65% $1,000 $250,000 Learn More
3 Year CD
0.80% $1,000 $250,000 Learn More
48 Month CD
1.00% $1,000 $250,000 Learn More
5 Year CD
1.00% $750 $250,000 Learn More


Loan Rates - July 9, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for M.Y. SAFRA BANK, FSB

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to M.Y. SAFRA BANK, FSB
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

M.Y. SAFRA BANK, FSB 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


M.Y. SAFRA BANK, FSB Locations


Financial Details

M.Y. SAFRA BANK, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of M.Y. SAFRA BANK, FSB. 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
M.Y. SAFRA BANK, FSB U.S. Bank Average
0.08% 6.51%

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, 2019, M.Y. SAFRA BANK, FSB had $43,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $49,515,000 in equity and $2,672,000 in loans loss reserves. That gives it a Texas Ratio of 0.08%.

Return on Equity
M.Y. SAFRA BANK, FSB U.S. Bank Average
-3.66% 9.41%

M.Y. SAFRA BANK, FSB has a Return on Equity of -3.66% versus the BestCashCow average of 9.41%. 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
M.Y. SAFRA BANK, FSB U.S. Bank Average
11.28% 12.82%

M.Y. SAFRA BANK, FSB has a Capitalization of 11.28% versus the BestCashCow average of 12.82. 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.

M.Y. SAFRA BANK, FSB Balance Sheet Analysis

As of December 31, 2019, M.Y. SAFRA BANK, FSB had assets of $439,074,000, loans of $231,308,000, and deposits of $384,854,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 63.43 million
Interest-bearing balances $ 62.38 million
Total securities $ 141.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 231.31 million
Loan loss allowance $ 2.67 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 $ 2.77 million
     Total Assets $ 389.56 million
LIABILITIES
Total deposits $ 384.85 million
      Interest-bearing deposits $ 299.06 million
      Deposits held in domestic offices $ 384.85 million
      % insured (estimated) 63.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.71 million
      Total Liabilities $ 389.56 million
      Shareholders’ Equity $ 49.52 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 15.64 million
Total Interest Expense $ 5.88 million
Net interest income $ 9.76 million
Provision for loan and lease losses $ 1.56 million
Total non interest income $ 1.12 million
Total non interest expense $ 11.42 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in M.Y. SAFRA BANK, FSB’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Commercial and Industrial Loans.

Compared to other banks in New York, M.Y. SAFRA BANK, FSB has a significantly higher percent of Multifamily Mortgages 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 41.06
Multifamily
Mortgages
36.32
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 1.03
Commercial Real Estate 0.63
Commercial and Industrial Loans 1.38
Farm Loans 0.00

Frequently Asked Questions About M.y. Safra Bank, Fsb

Branches and Savings

Is M.y. Safra Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #35154.

Why does M.y. Safra Bank, Fsb pay such low interest on savings accounts?

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

Why are M.y. Safra Bank, Fsb CD rates not competitive?

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

Is M.y. Safra Bank, Fsb a commercial bank?

Yes

Where are M.y. Safra Bank, Fsb locations?

See branch locations nearby.

Is M.y. Safra Bank, Fsb open on Saturdays?

Eddie | Dec 05, 2019

No

Is M.y. Safra Bank, Fsb open on Sundays?

Eddie | Dec 05, 2019

No

What time does M.y. Safra Bank, Fsb open?

What time does M.y. Safra Bank, Fsb close?

Are M.y. Safra Bank, Fsb ATMs Open 24/7?

Do M.y. Safra Bank, Fsb ATMs accept cash deposits?

Can M.y. Safra Bank, Fsb customers use other ATMs?

Do M.y. Safra Bank, Fsb branches have notaries?

Will M.y. Safra Bank, Fsb notarize my document?

What address for M.y. Safra Bank, Fsb should I put for incoming ACH transfers?

Will the M.y. Safra Bank, Fsb branch print checks?

Do M.y. Safra Bank, Fsb checks expire?

Does M.y. Safra Bank, Fsb require US citizenship to open account?

Can M.y. Safra Bank, Fsb close my account?

Does M.y. Safra Bank, Fsb Report to credit bureaus?

Does M.y. Safra Bank, Fsb Use Equifax?

What is M.y. Safra Bank, Fsb's ACH Routing Number?

What is M.y. Safra Bank, Fsb's SWIFT code?

Products

Does M.y. Safra Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does M.y. Safra Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does M.y. Safra Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does M.y. Safra Bank, Fsb offer student loans?

Will M.y. Safra Bank, Fsb cash a check?

Will M.y. Safra Bank, Fsb redeem a savings bond?

Does M.y. Safra Bank, Fsb cash savings bonds?

Will M.y. Safra Bank, Fsb cash money orders?

Can M.y. Safra Bank, Fsb issue a money order?

Does M.y. Safra Bank, Fsb do currency exchange?

Background on The Bank

Who owns M.y. Safra Bank, Fsb?

How long has M.y. Safra Bank, Fsb been around?

Can M.y. Safra Bank, Fsb transfer to other banks?

Does M.y. Safra Bank, Fsb have quick pay?

Does M.y. Safra Bank, Fsb accept rolled coins?

Will M.y. Safra Bank, Fsb accept loose change?

Where is M.y. Safra Bank, Fsb headquarters?

Customer Reviews for M.Y. SAFRA BANK, FSB (6)


  • May 04, 2019 |

    Online CDs 36 Month Rates

    Just awful!

  • January 21, 2019 |

    Online CDs 60 Month Rates

    You'd be insane to open a CD with these guys! If you need to break it early, they take all of your interest! Even if you don't intend to break, life can throw things at you. I am glad Bestcashcow has put these warnings about crazy penalties on these CD tables.

  • October 18, 2018 | | Replies 1

    Online CDs 36 Month Rates

    Does anyone know the penalty for early withdrawl on the 3-year? It doesn't say on the website and their cSp didn't know.

    Normer | Jul 09, 2020

    The penalty will be an amount equal to the greater of credited or 90 days interest. I take it to mean if you had less than 90 days, you still owe 90days interest, if longer could owe all the interest.

  • January 18, 2018 | Replies 1

    Online CDs 12 Month Rates

    I keep seeing this bank appearing at the top of the tables. I am intrigued. Wish someone would review it. Silly name but interesting rates.

    Tiggy | Jul 09, 2020

    https://www.depositaccounts.com/banks/my-safra-bank-fsb.html

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