Marathon National Bank of New York

Headquarters

2822 Steinway Street
Astoria, NY 11103
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

Marathon National Bank of New York is an FDIC insured institution located in Astoria, NY. It was founded in 1989 and has approximately $0.89 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32698
Date Established 1989
Assets $ 893.58 million
Loans $ 552.05 million
Deposits $ 772.60 million
Capital $ 116.84 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Marathon National 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Marathon National Bank of New York
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Branches

Marathon National 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


Marathon National Bank of New York Locations


Financial Details

Marathon National Bank of New York Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Marathon National 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
Marathon National Bank of New York U.S. Bank Average
2.29% 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, Marathon National Bank of New York had $1,849,000 in non-current loans and $1,048,000 in owned real estate. To cover these potential losses it had $116,844,000 in equity and $9,689,000 in loans loss reserves. That gives it a Texas Ratio of 2.29%.

Return on Equity
Marathon National Bank of New York U.S. Bank Average
5.02% 7.80%

Marathon National Bank of New York has a Return on Equity of 5.02% 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
Marathon National Bank of New York U.S. Bank Average
13.08% 12.68%

Marathon National Bank of New York has a Capitalization of 13.08% 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.

Marathon National Bank of New York Balance Sheet Analysis

As of September 30, 2012, Marathon National Bank of New York had assets of $893,581,000, loans of $552,047,000, and deposits of $772,603,000. 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 $ 552.05 million
Loan loss allowance $ 9.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 772.60 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 $ 893.58 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 Marathon National Bank of New York’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Small Business Loans.

Compared to other banks in New York, Marathon National Bank of New York has a significantly higher percent of Multifamily Mortgages, Small Business Loans, 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 5.75
Multifamily
Mortgages
35.00
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 15.03
Construction and Development Loans 0.01
Commercial Real Estate 53.58
Commercial and Industrial Loans 7.24
Farm Loans 0.00

Frequently Asked Questions About Marathon National Bank Of New York

Branches and Savings

Is Marathon National Bank Of New York FDIC insured?

Yes. It is covered under FDIC Certificate #32698.

Why does Marathon National 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 Marathon National Bank Of New York CD rates not competitive?

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

Is Marathon National Bank Of New York a commercial bank?

Yes

Where are Marathon National Bank Of New York locations?

See branch locations nearby.

Is Marathon National Bank Of New York open on Saturdays?

Is Marathon National Bank Of New York open on Sundays?

What time does Marathon National Bank Of New York open?

What time does Marathon National Bank Of New York close?

Are Marathon National Bank Of New York ATMs Open 24/7?

Do Marathon National Bank Of New York ATMs accept cash deposits?

Can Marathon National Bank Of New York customers use other ATMs?

Do Marathon National Bank Of New York branches have notaries?

Will Marathon National Bank Of New York notarize my document?

What address for Marathon National Bank Of New York should I put for incoming ACH transfers?

Will the Marathon National Bank Of New York branch print checks?

Do Marathon National Bank Of New York checks expire?

Does Marathon National Bank Of New York require US citizenship to open account?

Can Marathon National Bank Of New York close my account?

Does Marathon National Bank Of New York Report to credit bureaus?

Does Marathon National Bank Of New York Use Equifax?

What is Marathon National Bank Of New York's ACH Routing Number?

What is Marathon National Bank Of New York's SWIFT code?

Products

Does Marathon National Bank Of New York offer mortgages?

Compare mortgage rates here.

Does Marathon National Bank Of New York offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Marathon National Bank Of New York offer personal loans?

Compare personal loan rates here.

Does Marathon National Bank Of New York offer student loans?

Will Marathon National Bank Of New York cash a check?

Will Marathon National Bank Of New York redeem a savings bond?

Does Marathon National Bank Of New York cash savings bonds?

Will Marathon National Bank Of New York cash money orders?

Can Marathon National Bank Of New York issue a money order?

Does Marathon National Bank Of New York do currency exchange?

Background on The Bank

Who owns Marathon National Bank Of New York?

How long has Marathon National Bank Of New York been around?

Can Marathon National Bank Of New York transfer to other banks?

Does Marathon National Bank Of New York have quick pay?

Does Marathon National Bank Of New York accept rolled coins?

Will Marathon National Bank Of New York accept loose change?

Where is Marathon National Bank Of New York headquarters?

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