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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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 September 30, 2013 Eastbank had $0 in non-current loans and owned real-estate with $30.19 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.
The Texas Ratio for Eastbank increased slightly from 5.22% as of September 30, 2012 to 0.00% as of September 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Eastbank has declined slightly in recent periods.
In the past year, Eastbank has increased its total deposits by $11.93 million, resulting in 8.06% 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 $193.77 million in assets with $30.19 million in equity, resulting in a capitalization level of 15.58%, which is excellent.
|FDIC Certificate #||25749|
|Assets and Liabilities|
|Equity Capital||$27.43 million|
|Loan Loss Allowance||$2.76 million|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$27.58 million|
|Loan Loss Allowance||$2.63 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.85%|
|Return on Assets||0.67%|
|Return on Equity||4.53%|
|Interest Income||$6.25 million|
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|1.60%||$2,500||$100k||60 Month 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|