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Overview / Commentary
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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Eastbank had $0 in non-current loans and owned real-estate with $30.81 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


In the past year, Eastbank has decreased its total deposits by -$6.65 million, resulting in -4.2% 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 below average.



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 $189.16 million in assets with $30.81 million in equity, resulting in a capitalization level of 16.29%, which is excellent.

Institution Statistics

FDIC Certificate #25749
Year Established1984
Primary RegulatorOCC
Assets and Liabilities
Assets$189.16 million
Loans$102.96 million
Deposits$151.58 million
Equity Capital$28.46 million
Loan Loss Allowance$2.35 million
Real Estate Owned$0
Historic Data - March 2013
Assets$193.24 million
Equity Capital$28.46 million
Loan Loss Allowance$2.64 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.95%
Return on Assets0.63%
Return on Equity4.24%
Interest Income$2.03 million
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Eastbank CD Rates

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

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