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.
No reviews have been left for this bank yet. Be the first to review.
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.
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.
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.
|FDIC Certificate #||25749|
|Assets and Liabilities|
|Equity Capital||$27.59 million|
|Loan Loss Allowance||$2.33 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$28.24 million|
|Loan Loss Allowance||$2.78 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.89%|
|Return on Assets||0.71%|
|Return on Equity||4.82%|
|Interest Income||$8.32 million|
Always verify rates and promotions with the bank or credit union. We are not Eastbank, we are a rate comparison website and can not provide official rates or promotions.
|1.60%||$2,500||$100k||60 Month CD|
|1.25%||$2,500||$100k||18 Month Promotional CD|
|1.10%||$2,500||$100k||24 Month CD|
|0.95%||$2,500||$100k||12 Month CD|
|0.60%||$2,500||$100k||6 Month CD|
|0.30%||$2,500||$100k||3 Month CD|
|Flushing Branch||136-81 Roosevelt Avenue||Flushing, NY 11354|
|Eastbank, National Association||183 Centre Street||New York, NY 10013|