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Overview / Commentary
212-219-9000
183 Centre Street
New York, NY 10013

Eastbank is a fully service commercial bank serving the Asian-American communities of New York City. It offers a comprehensive range of deposit and loan products to meet the needs of both local businesses and individuals. The Bank's deposits are insured by the Federal Deposit Insurance Corporation.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Eastbank had $0 in non-current loans and owned real-estate with $29.92 million in equity and loan loss allowances on hand to cover it. This gives Eastbank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Eastbank has increased its total deposits by $7.29 million, resulting in 5.06% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Eastbank has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Eastbank has $185.06 million in assets with $29.92 million in equity, resulting in a capitalization level of 16.17%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #25749
Year Established1984
Employees36
Primary RegulatorOCC
Assets and Liabilities
Assets$185.06 million
Loans$103.94 million
Deposits$151.34 million
Equity Capital$27.59 million
Loan Loss Allowance$2.33 million
Real Estate Owned$0
Historic Data - December 2012
Assets$179.19 million
Equity Capital$28.24 million
Loan Loss Allowance$2.78 million
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets0.71%
Return on Equity4.82%
Interest Income$8.32 million
Rates
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Eastbank CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$2,500$100k60 Month CD
1.25%$2,500$100k18 Month Promotional CD
1.10%$2,500$100k24 Month CD
0.95%$2,500$100k12 Month CD
0.60%$2,500$100k6 Month CD
0.30%$2,500$100k3 Month CD
Locations


Eastbank Locations
Flushing Branch136-81 Roosevelt AvenueFlushing, NY 11354
Eastbank, National Association183 Centre StreetNew York, NY 10013