Signature Bank

565 Fifth Avenue
New York, NY 10017

Phone: 646 822 1500

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD 1.92% 2.36% →
2-Year CD 2.02% 2.60% →
5-Year CD 2.12% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Signature Bank is an FDIC insured institution located in New York, NY. It was founded in 2001 and has approximately $48.89 billion in assets. Customers can open an account at one of its 32 branches.

FDIC Insured Yes
FDIC Certificate # 57053
Date Established 2001
Assets $48.89 billion
Loans $38.00 billion
Deposits $37.54 billion
Capital $4.66 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 - November 11, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.00% $5,000 - Learn MoreShow Less
6 Mo CD
1.81% $5,000 - Learn MoreShow Less
12 Mo CD
1.92% $5,000 - Learn MoreShow Less
18 Mo CD
2.02% $5,000 - Learn MoreShow Less
24 Mo CD
2.02% $5,000 - Learn MoreShow Less
36 Mo CD
2.12% $5,000 - Learn MoreShow Less
60 Mo CD
2.12% $5,000 - Learn MoreShow Less

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $5,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
SIGNATURE PERSONAL CHECKING 0.00% $4,000 $20.00 Learn MoreShow Less
MONOGRAM PERSONAL CHECKING 0.00% $5,000 $30.00 Learn MoreShow Less

Loan Rates - November 11, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.633% 3.625% 0.13 $238 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Signature Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Seattle,Washington


Signature Bank Locations


Financial Details

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
0.94% 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, Signature Bank had $45,936,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,661,723,000 in equity and $244,517,000 in loans loss reserves. That gives it a Texas Ratio of 0.94%.

Return on Equity
Signature Bank U.S. Bank Average
12.86% 9.50%

Signature Bank has a Return on Equity of 12.86% 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
Signature Bank U.S. Bank Average
9.53% 12.76%

Signature Bank has a Capitalization of 9.53% 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.

Signature Bank Balance Sheet Analysis

As of June 30, 2019, Signature Bank had assets of $48,894,931,000, loans of $37,996,454,000, and deposits of $37,544,797,000. 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 $0.46 billion
Interest-bearing balances $0.08 billion
Total securities $8.97 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $38.00 billion
Loan loss allowance $0.24 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $1.20 billion
     Total Assets $44.23 billion
LIABILITIES
Total deposits $37.54 billion
      Interest-bearing deposits $25.01 billion
      Deposits held in domestic offices $37.54 billion
      % insured (estimated) 19.43%
Federal funds purchased and repurchase agreements $0.25 billion
Trading liabilities $0.00 billion
Other borrowed funds $5.61 billion
Subordinated debt $0.26 billion
All other liabilities $0.57 billion
      Total Liabilities $44.23 billion
      Shareholders’ Equity $4.66 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.96 billion
Total Interest Expense $0.30 billion
Net interest income $0.65 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.00 billion
Total non interest expense $0.26 billion
Pre-tax Net Operating Income $0.39 billion

Bank Loan Profile?

The top three loan types in Signature Bank’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in New York, Signature Bank 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.80
Multifamily
Mortgages
41.59
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.60
Construction and Development Loans 4.35
Commercial Real Estate 30.49
Commercial and Industrial Loans 18.10
Farm Loans 0.00

Frequently Asked Questions About Signature Bank

Branches and Savings

Is Signature Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57053.

Why does Signature Bank pay such low interest on savings accounts?

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

Why are Signature Bank CD rates not competitive?

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

Is Signature Bank a commercial bank?

Yes

Where are Signature Bank locations?

See branch locations nearby.

Is Signature Bank open on Saturdays?

Is Signature Bank open on Sundays?

What time does Signature Bank open?

What time does Signature Bank close?

Are Signature Bank ATMs Open 24/7?

Do Signature Bank ATMs accept cash deposits?

Can Signature Bank customers use other ATMs?

Do Signature Bank branches have notaries?

Will Signature Bank notarize my document?

What address for Signature Bank should I put for incoming ACH transfers?

Will the Signature Bank branch print checks?

Do Signature Bank checks expire?

Does Signature Bank require US citizenship to open account?

Can Signature Bank close my account?

Does Signature Bank Report to credit bureaus?

Does Signature Bank Use Equifax?

What is Signature Bank's ACH Routing Number?

What is Signature Bank's SWIFT code?

Products

Does Signature Bank offer mortgages?

Compare mortgage rates here.

Does Signature Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Signature Bank offer personal loans?

Compare personal loan rates here.

Does Signature Bank offer student loans?

Will Signature Bank cash a check?

Will Signature Bank redeem a savings bond?

Does Signature Bank cash savings bonds?

Will Signature Bank cash money orders?

Can Signature Bank issue a money order?

Does Signature Bank do currency exchange?

Background on The Bank

Who owns Signature Bank?

How long has Signature Bank been around?

Can Signature Bank transfer to other banks?

Does Signature Bank have quick pay?

Does Signature Bank accept rolled coins?

Will Signature Bank accept loose change?

Where is Signature Bank headquarters?

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