M.Y. Safra Bank

logo for M.Y. Safra Bank

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

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD 5.30% 5.50% →
2-Year CD 4.65% 5.00% →
5-Year CD 4.31% 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

M.Y. Safra Bank is an FDIC insured institution located in New York, NY. It was founded in 2000 and has approximately $0.36 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35154
Date Established 2000
Assets $ 364.74 million
Loans $ 254.15 million
Deposits $ 278.63 million
Capital $ 42.44 million

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

Deposit Rates - February 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
4.10% $5,000 $250,000 Learn More
6 Month Online CD
5.26% $500 - Learn More
12 Month Online CD
5.30% $500 - Learn More
13 Month No Penalty CD
5.00% $5,000 - Learn More
18 Month Online CD
5.08% $500 - Learn More
24 Month Online CD
4.65% $500 - Learn More
36 Month Online CD
4.46% $500 - Learn More
48 Month Online CD
4.20% $500 - Learn More
60 Month Online CD
4.31% $500 - Learn More


Loan Rates - February 23, 2024

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 2024

Lender APR Rate (%) Monthly
Learn More
NMLS ID: Not a Lender

Learn More
Neighbors Bank
NMLS ID: 491986

Learn More
NMLS ID: Not a Lender

Learn More

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
7.490 %
$0 Learn More
More Info

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M.Y. Safra Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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M.Y. Safra Bank Locations

Climate Initiatives

M.Y. SAFRA BANK, FSB is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

M.Y. Safra Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of M.Y. Safra 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
M.Y. Safra Bank U.S. Bank Average
1.02% 4.13%

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 September 30, 2023, M.Y. Safra Bank had $467,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $42,441,000 in equity and $3,429,000 in loans loss reserves. That gives it a Texas Ratio of 1.02%.

Return on Equity
M.Y. Safra Bank U.S. Bank Average
4.56% 26.02%

M.Y. Safra Bank has a Return on Equity of 4.56% versus the BestCashCow average of 26.02%. 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.

M.Y. Safra Bank U.S. Bank Average
11.64% 10.23%

M.Y. Safra Bank has a Capitalization of 11.64% versus the BestCashCow average of 10.23. 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 Balance Sheet Analysis

As of September 30, 2023, M.Y. Safra Bank had assets of $364,738,000, loans of $254,148,000, and deposits of $278,626,000. 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

September 30, 2023
Cash & Balances due from depository institutions $ 33.28 million
Interest-bearing balances $ 32.18 million
Total securities $ 72.27 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 254.15 million
Loan loss allowance $ 3.43 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 $ 3.49 million
     Total Assets $ 322.30 million
Total deposits $ 278.63 million
      Interest-bearing deposits $ 193.04 million
      Deposits held in domestic offices $ 278.63 million
      % insured (estimated) 63.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.79 million
Subordinated debt N.A.
All other liabilities $ 1.67 million
      Total Liabilities $ 322.30 million
      Shareholders’ Equity $ 42.44 million

Summary Income Statement

September 30, 2023
Total Interest Income $ 12.84 million
Total Interest Expense $ 5.47 million
Net interest income $ 7.37 million
Provision for loan and lease losses $ 0.66 million
Total non interest income $ 1.11 million
Total non interest expense $ 6.31 million
Pre-tax Net Operating Income $ 0.17 million

Bank Loan Profile?

The top three loan types in M.Y. Safra Bank’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.11
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.93
Commercial Real Estate 4.63
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Customer Reviews for M.Y. Safra Bank (6)

  • July 1, 2022 |

    Online CDs 60 Month Rates

    Very easy opening process and wonderful staff.

  • June 14, 2022 |

    Easy account opening and great competitive rate.

  • 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 | Feb 23, 2024

    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 | Feb 23, 2024


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