Signature Bank
Headquarters
565 5th Ave
New York, NY 10017
See all branch locations →
ACH 026013576
Phone 646 822 1500
Public Note: Bank placed under FDIC receivership on Mar 12, 2023.
March 13, 2023
March 13, 2023
2024 Overview
General Bank Information
Signature Bank is an FDIC insured institution located in New York, NY. It was founded in 2001 and has approximately $110.36 billion in assets. Customers can open an account at one of its 32 branches.
Bank placed under FDIC receivership on Mar 12, 2023.
| FDIC Insured | Yes |
| FDIC Certificate | # 57053 |
| Date Established | 2001 |
| Assets | $ 115.97 billion |
| Loans | $ 74.39 billion |
| Deposits | $ 88.61 billion |
| Capital | $ 8.01 billion |
For a more detailed analysis of Signature Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Signature Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2059741 |
6.994% |
6.875% 0.63 points $3,885 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: 1907 |
points fees |
Learn More | ||
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Signature Bank
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Branches
Signature Bank 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:
Columbus,Ohio
Climate Policy and Initiatives
Signature Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Financial Note
Bank placed under FDIC receivership on March 12, 2023.Signature Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Signature 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
| Signature Bank | U.S. Bank Average |
|---|---|
| 2.81% | 3.96% |
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, 2024, Signature Bank had $238,635,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,013,101,000 in equity and $489,862,000 in loans loss reserves. That gives it a Texas Ratio of 2.81%.
Return on Equity
| Signature Bank | U.S. Bank Average |
|---|---|
| 16.91% | 12.20% |
Signature Bank has a Return on Equity of 16.91% versus the BestCashCow average of 12.20%. 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
| Signature Bank | U.S. Bank Average |
|---|---|
| 6.91% | 10.76% |
Signature Bank has a Capitalization of 6.91% versus the BestCashCow average of 10.76. 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.
Signature Bank Balance Sheet Analysis
As of December 31, 2022, Signature Bank had assets of $110,363,650,000, loans of $74,388,993,000, and deposits of $88,612,911,000. 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, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 6.06 billion |
| Interest-bearing balances | $ 5.86 billion |
| Total securities | $ 26.15 billion |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 74.39 billion |
| Loan loss allowance | $ 489.86 million |
| Trading account assets | $ 60.44 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.06 million |
| All other assets | $ 2.39 billion |
| Total Assets | $ 102.35 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 88.61 billion |
| Interest-bearing deposits | $ 57.01 billion |
| Deposits held in domestic offices | $ 88.61 billion |
| % insured (estimated) | 10.70% |
| Federal funds purchased and repurchase agreements | $ 150.00 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 1,574.52 million |
| Subordinated debt | $ 571.64 million |
| All other liabilities | $ 1,499.32 million |
| Total Liabilities | $ 102.35 billion |
| Shareholders’ Equity | $ 13.62 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 3.55 billion |
| Total Interest Expense | $ 1,015.19 million |
| Net interest income | $ 2.54 billion |
| Provision for loan and lease losses | $ 78.77 million |
| Total non interest income | $ 155.25 million |
| Total non interest expense | $ 862.38 million |
| Pre-tax Net Operating Income | $ 881.41 million |
Bank Loan Profile?
The top three loan types in Signature Bank’s loan portfolio are Commercial and Industrial Loans, Multifamily Mortgages, and Commercial Real Estate.
Compared to other banks in New York, Signature Bank has a significantly higher percent of Multifamily Mortgages, 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 | 0.61 | ✓ | ||
| Multifamily Mortgages |
23.26 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.28 | ✓ | ||
| Construction and Development Loans | 2.01 | ✓ | ||
| Commercial Real Estate | 16.95 | ✓ | ||
| Commercial and Industrial Loans | 51.39 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Signature Bank's History
Bank placed under FDIC receivership on March 12, 2023.
*Should any logos, images or public notes appear on this page,they do so courtesy of Signature Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for Signature Bank
Employee
March 18, 2020 |
Even during a state of emergency, you are not permitted to work remotely with the assigned laptop you are given. My job does NOT require I physically be there, however they put our lives, the lives of our families and the public at risk by having us commute in by mass transit in NYC. The entire city has shut down and they don't care. Not a peep from upper management since Friday. Team leaders out while employees come in. We are not essential workers and are absolutely in danger. We sit very close together which doesn't help as well. We literally have to come in and disinfect ourselves with our own supplies as corporate hasn't even sent a lysol wipe. We're all scared and on edge. Some have well known health issues and others live with people who do.
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