Shinhan Bank America

Headquarters

475 Park Ave S
New York, NY 10016
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.20% →
1-Year CD 0.70% 1.10% →
2-Year CD 0.25% 1.15% →
5-Year CD N.A. 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

Shinhan Bank America is an FDIC insured institution located in New York, NY. It was founded in 1990 and has approximately $1.66 billion in assets. Customers can open an account at one of its 16 branches.

FDIC Insured Yes
FDIC Certificate # 33188
Date Established 1990
Assets $ 1,662.18 million
Loans $ 1,385.34 million
Deposits $ 1,431.64 million
Capital $ 215.70 million
 

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

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Shinhan Bank America

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
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 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
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Shinhan Bank America
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Branches

Shinhan Bank America 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


Shinhan Bank America Locations


Financial Details

Shinhan Bank America Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Shinhan Bank America. 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
Shinhan Bank America U.S. Bank Average
1.18% 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, Shinhan Bank America had $2,075,000 in non-current loans and $576,000 in owned real estate. To cover these potential losses it had $215,696,000 in equity and $8,386,000 in loans loss reserves. That gives it a Texas Ratio of 1.18%.

Return on Equity
Shinhan Bank America U.S. Bank Average
-0.14% 7.80%

Shinhan Bank America has a Return on Equity of -0.14% 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
Shinhan Bank America U.S. Bank Average
12.98% 12.68%

Shinhan Bank America has a Capitalization of 12.98% 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.

Shinhan Bank America Balance Sheet Analysis

As of March 31, 2020, Shinhan Bank America had assets of $1,662,176,000, loans of $1,385,337,000, and deposits of $1,431,642,000. 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 $ 172.08 million
Interest-bearing balances $ 168.67 million
Total securities $ 75.45 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,385.34 million
Loan loss allowance $ 8.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.58 million
Goodwill and other intangibles $ 0.52 million
All other assets $ 17.44 million
     Total Assets $ 1,446.48 million
LIABILITIES
Total deposits $ 1,431.64 million
      Interest-bearing deposits $ 918.86 million
      Deposits held in domestic offices $ 1,431.64 million
      % insured (estimated) 67.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 14.84 million
      Total Liabilities $ 1,446.48 million
      Shareholders’ Equity $ 215.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 16.38 million
Total Interest Expense $ 4.38 million
Net interest income $ 12.01 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.16 million
Total non interest expense $ 13.30 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Shinhan Bank America’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in New York, Shinhan Bank America has a significantly higher percent of 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 17.72
Multifamily
Mortgages
1.07
Credit Card Loans 0.07
Consumer Auto Loans 0.00
Small Business Loans 8.63
Construction and Development Loans 0.23
Commercial Real Estate 62.84
Commercial and Industrial Loans 18.48
Farm Loans 0.00

Frequently Asked Questions About Shinhan Bank America

Branches and Savings

Is Shinhan Bank America FDIC insured?

Yes. It is covered under FDIC Certificate #33188.

Why does Shinhan Bank America pay such low interest on savings accounts?

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

Why are Shinhan Bank America CD rates not competitive?

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

Is Shinhan Bank America a commercial bank?

Yes

Where are Shinhan Bank America locations?

See branch locations nearby.

Is Shinhan Bank America open on Saturdays?

Is Shinhan Bank America open on Sundays?

What time does Shinhan Bank America open?

What time does Shinhan Bank America close?

Are Shinhan Bank America ATMs Open 24/7?

Do Shinhan Bank America ATMs accept cash deposits?

Can Shinhan Bank America customers use other ATMs?

Do Shinhan Bank America branches have notaries?

Will Shinhan Bank America notarize my document?

What address for Shinhan Bank America should I put for incoming ACH transfers?

Will the Shinhan Bank America branch print checks?

Do Shinhan Bank America checks expire?

Does Shinhan Bank America require US citizenship to open account?

Can Shinhan Bank America close my account?

Does Shinhan Bank America Report to credit bureaus?

Does Shinhan Bank America Use Equifax?

What is Shinhan Bank America's ACH Routing Number?

What is Shinhan Bank America's SWIFT code?

Products

Does Shinhan Bank America offer mortgages?

Compare mortgage rates here.

Does Shinhan Bank America offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Shinhan Bank America offer personal loans?

Compare personal loan rates here.

Does Shinhan Bank America offer student loans?

Will Shinhan Bank America cash a check?

Will Shinhan Bank America redeem a savings bond?

Does Shinhan Bank America cash savings bonds?

Will Shinhan Bank America cash money orders?

Can Shinhan Bank America issue a money order?

Does Shinhan Bank America do currency exchange?

Background on The Bank

Who owns Shinhan Bank America?

How long has Shinhan Bank America been around?

Can Shinhan Bank America transfer to other banks?

Does Shinhan Bank America have quick pay?

Does Shinhan Bank America accept rolled coins?

Will Shinhan Bank America accept loose change?

Where is Shinhan Bank America headquarters?

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