Santander Bank, N.A.

824 North Market Street, Suite 100
Wilmington, DE 19801

Phone: 302 654 5182

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29950
Date Established 1907
Assets $81.40 billion
Loans $54.53 billion
Deposits $58.40 billion
Capital $13.74 billion

Santander Bank, N.A. is an FDIC insured institution located in Wilmington, DE. It was founded in 1907 and has approximately $81.4 billion in assets. Customers can open an account at one of its 695 branches.

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

Deposit Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Premium Money Market Account
0.80% $100,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.01% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.01% $100,000 $249,999 Learn MoreShow Less
6 Mo CD
0.01% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
0.01% $100,000 $249,999 Learn MoreShow Less
12 Mo CD
0.10% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
0.10% $100,000 $249,999 Learn MoreShow Less
18 Mo CD
0.20% $10,000 $49,999 Learn MoreShow Less
18 Mo CD
0.20% $100,000 $249,999 Learn MoreShow Less
24 Mo CD
0.20% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
0.20% $100,000 $249,999 Learn MoreShow Less
30 Mo CD
0.20% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
0.30% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
0.30% $100,000 $249,999 Learn MoreShow Less
48 Mo CD
0.30% $10,000 $49,999 Learn MoreShow Less
48 Mo CD
0.30% $100,000 $249,999 Learn MoreShow Less
60 Mo CD
0.30% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
0.30% $100,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $74,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Santander Premier Plus Checking 0.01% $25,000 $25.00 Learn MoreShow Less
Santander Basic Checking 0.00% $0 $3.00 Learn MoreShow Less

Loan Rates - October 20, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Santander Bank, N.A. 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


Santander Bank, N.A. Locations


Financial Details

Santander Bank, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Santander Bank, N.A.. 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
Santander Bank, N.A. U.S. Bank Average
3.68% 6.77%

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 June 30, 2019, Santander Bank, N.A. had $505,192,000 in non-current loans and $21,621,000 in owned real estate. To cover these potential losses it had $13,736,437,000 in equity and $560,272,000 in loans loss reserves. That gives it a Texas Ratio of 3.68%.

Return on Equity
Santander Bank, N.A. U.S. Bank Average
2.37% 9.50%

Santander Bank, N.A. has a Return on Equity of 2.37% versus the BestCashCow average of 9.50%. 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
Santander Bank, N.A. U.S. Bank Average
16.87% 12.76%

Santander Bank, N.A. has a Capitalization of 16.87% versus the BestCashCow average of 12.76. 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.

Santander Bank, N.A. Balance Sheet Analysis

As of June 30, 2019, Santander Bank, N.A. had assets of $81,402,560,000, loans of $54,525,477,000, and deposits of $58,398,983,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $4.60 billion
Interest-bearing balances $3.87 billion
Total securities $12.18 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $54.53 billion
Loan loss allowance $0.56 billion
Trading account assets $0.42 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $3.76 billion
All other assets $5.01 billion
     Total Assets $67.67 billion
LIABILITIES
Total deposits $58.40 billion
      Interest-bearing deposits $45.02 billion
      Deposits held in domestic offices $58.14 billion
      % insured (estimated) 63.92%
Federal funds purchased and repurchase agreements $0.16 billion
Trading liabilities $0.35 billion
Other borrowed funds $6.90 billion
Subordinated debt $0.00 billion
All other liabilities $1.85 billion
      Total Liabilities $67.67 billion
      Shareholders’ Equity $13.74 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $1.42 billion
Total Interest Expense $0.33 billion
Net interest income $1.09 billion
Provision for loan and lease losses $0.10 billion
Total non interest income $0.27 billion
Total non interest expense $1.06 billion
Pre-tax Net Operating Income $0.20 billion

Bank Loan Profile?

The top three loan types in Santander Bank, N.A.’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Delaware, Santander Bank, N.A. has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans, 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 25.88
Multifamily
Mortgages
15.61
Credit Card Loans 0.57
Consumer Auto Loans 7.00
Small Business Loans 0.91
Construction and Development Loans 3.97
Commercial Real Estate 9.48
Commercial and Industrial Loans 28.73
Farm Loans 0.00

Frequently Asked Questions About Santander Bank, N.a.

Branches and Savings

Is Santander Bank, N.a. FDIC insured?

Yes. It is covered under FDIC Certificate #29950.

Why does Santander Bank, N.a. pay such low interest on savings accounts?

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

Why are Santander Bank, N.a. CD rates not competitive?

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

Is Santander Bank, N.a. a commercial bank?

Yes

Where are Santander Bank, N.a. locations?

See branch locations nearby.

Is Santander Bank, N.a. open on Saturdays?

Is Santander Bank, N.a. open on Sundays?

What time does Santander Bank, N.a. open?

What time does Santander Bank, N.a. close?

Are Santander Bank, N.a. ATMs Open 24/7?

Do Santander Bank, N.a. ATMs accept cash deposits?

Can Santander Bank, N.a. customers use other ATMs?

Do Santander Bank, N.a. branches have notaries?

Will Santander Bank, N.a. notarize my document?

What address for Santander Bank, N.a. should I put for incoming ACH transfers?

Will the Santander Bank, N.a. branch print checks?

Do Santander Bank, N.a. checks expire?

Does Santander Bank, N.a. require US citizenship to open account?

Can Santander Bank, N.a. close my account?

Does Santander Bank, N.a. Report to credit bureaus?

Does Santander Bank, N.a. Use Equifax?

What is Santander Bank, N.a.'s ACH Routing Number?

What is Santander Bank, N.a.'s SWIFT code?

Products

Does Santander Bank, N.a. offer mortgages?

Compare mortgage rates here.

Does Santander Bank, N.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Santander Bank, N.a. offer personal loans?

Compare personal loan rates here.

Does Santander Bank, N.a. offer student loans?

Will Santander Bank, N.a. cash a check?

Will Santander Bank, N.a. redeem a savings bond?

Does Santander Bank, N.a. cash savings bonds?

Will Santander Bank, N.a. cash money orders?

Can Santander Bank, N.a. issue a money order?

Does Santander Bank, N.a. do currency exchange?

Background on The Bank

Who owns Santander Bank, N.a.?

How long has Santander Bank, N.a. been around?

Can Santander Bank, N.a. transfer to other banks?

Does Santander Bank, N.a. have quick pay?

Does Santander Bank, N.a. accept rolled coins?

Will Santander Bank, N.a. accept loose change?

Where is Santander Bank, N.a. headquarters?

Customer Reviews for Santander Bank, N.A.


  • February 14, 2017 |

    Could not find an active Branch Manager at 3 local branches no call backs very poor customer service

  • April 28, 2016

    CDs 36 Month Rates

    Can you update your rates?
    They are very out of date.

  • April 15, 2016

    CDs 36 Month Rates

    rate changed to 1.25

  • April 15, 2016

    CDs 36 Month Rates

    rate changed to 1.25

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