Eastbank

Eastbank Locations
183 Centre Street
New York, NY 10013
212-219-9000
www.eastbank-na.com
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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2.38% 9-Month CD at Eastbank in New York - Local Only - 7/3/2009

Eastbank continues to offer a very competitive 9-month special CD. The rate is down a bit since my May post, but it's still very competitive with a 2.38% APY. Minimum deposit is $2,500. The regular CD rates are also competitive with a 2.25% APY for 12...

2.45% 9-Month CD at Eastbank in New York - Local Only - 5/13/2009

Eastbank is offering a competitive 9-month CD with a rate of 2.45% APY. Minimum deposit is $2,500. The rate is listed at the bank's rate table as of 5/13/09.It appears a branch visit is required to open an account. Branches are located in New York City...



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Eastbank CD Rates

ApyMinMaxProduct
2.00%$2,500$100k60 Month CD
1.40%$2,500$100k24 Month CD
1.01%$2,500$100k12 Month CD
0.75%$2,500$100k6 Month CD
0.50%$2,500$100k3 Month CD

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Eastbank, National Association
FDIC Certificate #25749
BankRate ReportView
Year Established1984
Employees36
Primary RegulatorOCC

Assets and Liabilities

Assets$179.57 million
Loans$105.91 million
Deposits$144.57 million
Equity Capital$24.75 million
Loan Loss Allowance$2.53 million

Historic Data - September 2010

Assets$182.69 million
Equity Capital$23.59 million
Loan Loss Allowance$2.40 million

Profit Margin - Quarterly

Net Interest Margin4.25%
Return on Assets0.67%
Return on Equity5.1%
Interest Income$7.07 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Eastbank had $0 in non-current loans and owned real-estate with $27.28 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 Growth2
In the past year, Eastbank has decreased its total deposits by -$3.54 million, resulting in -2.39% 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.
Capitalization5
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 $179.57 million in assets with $27.28 million in equity, resulting in a capitalization level of 15.19%, which is excellent.
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