Sumitomo Mitsui Trust Bank (U.S.A.) Limited

Headquarters

111 River St
Hoboken, NJ 07030
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.60% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Sumitomo Mitsui Trust Bank (U.S.A.) Limited is an FDIC insured institution located in Hoboken, NJ. It was founded in 1987 and has approximately $3.2 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 27054
Date Established 1987
Assets $ 3.20 billion
Loans $ 0.20 million
Deposits $ 2.71 billion
Capital $ 457.02 million
 

For a more detailed analysis of Sumitomo Mitsui Trust Bank (U.S.A.) Limited's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 19, 2024

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of Jenius Bank, a division of Sumitomo Mitsui Bank

Online Savings Rates APY MIN MAX
Online Savings
5.25% $0 - Learn More

Bank Online Offers

Jenius Bank Raises Online Savings Rate to 5.25% APY
Feb 14, 2024

Jenius Bank is the new online division of SMBC, the large Japanese bank.

Its online savings rate had previously stood at 5.10% APY.



Loan Rates - April 19, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Sumitomo Mitsui Trust Bank (U.S.A.) Limited

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 2024

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6.818% 6.625%
1.00 points
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6.994% 6.875%
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7.451% 7.375%
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FHAloans.com
NMLS ID: Not a Lender

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Sumitomo Mitsui Trust Bank (U.S.A.) Limited
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Branches

Sumitomo Mitsui Trust Bank (U.S.A.) Limited 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


Sumitomo Mitsui Trust Bank (U.S.A.) Limited Locations



Climate Policy and Initiatives


Despite committing to net-zero emissions by 2050 and the goals of the Paris Agreement, SMBC Group has failed to align its new policies with these goals.  Its latest climate policy update lacks concrete action plans. SMBC has not yet disclosed meaningful short- and medium-term targets for emissions reduction nor have they revealed any meaningful measures taken to ensure that the bank is not financing fossil fuel supply expansion or its associated infrastructure, in line with the IEA's Net Zero Roadmap.

Updated April 2, 2024


Climate Score: D

Saying that you are planting a couple of trees doesn't cut it when a bank's other actions are completely deleterious to the environment, and when it makes no meaningful effort to invest in renewable technologies.


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Financial Details

Sumitomo Mitsui Trust Bank (U.S.A.) Limited Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sumitomo Mitsui Trust Bank (U.S.A.) Limited. 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
Sumitomo Mitsui Trust Bank (U.S.A.) Limited U.S. Bank Average
0% 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, Sumitomo Mitsui Trust Bank (U.S.A.) Limited had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $457,022,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Sumitomo Mitsui Trust Bank (U.S.A.) Limited U.S. Bank Average
13.22% 12.20%

Sumitomo Mitsui Trust Bank (U.S.A.) Limited has a Return on Equity of 13.22% 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
Sumitomo Mitsui Trust Bank (U.S.A.) Limited U.S. Bank Average
14.27% 10.76%

Sumitomo Mitsui Trust Bank (U.S.A.) Limited has a Capitalization of 14.27% 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.

Sumitomo Mitsui Trust Bank (U.S.A.) Limited Balance Sheet Analysis

As of December 31, 2023, Sumitomo Mitsui Trust Bank (U.S.A.) Limited had assets of $3,202,453,000, loans of $197,000, and deposits of $2,708,939,000. 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 $ 3.13 billion
Interest-bearing balances $ 3.12 billion
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 0.20 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 45.55 million
     Total Assets $ 2.75 billion
LIABILITIES
Total deposits $ 2.71 billion
      Interest-bearing deposits $ 1,626.66 million
      Deposits held in domestic offices $ 2.71 billion
      % insured (estimated) 9.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 25.03 million
      Total Liabilities $ 2.75 billion
      Shareholders’ Equity $ 457.02 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 135.01 million
Total Interest Expense $ 56.17 million
Net interest income $ 78.84 million
Provision for loan and lease losses N.A.
Total non interest income $ 85.25 million
Total non interest expense $ 92.08 million
Pre-tax Net Operating Income $ 9.46 million

Bank Loan Profile?

The top three loan types in Sumitomo Mitsui Trust Bank (U.S.A.) Limited’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Sumitomo Mitsui Trust Bank (U.S.A.) Limited’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Customer Reviews for Sumitomo Mitsui Trust Bank (U.S.A.) Limited

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