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800-377-0800
7 West 51st Street
New York, NY 10019

Banco Popular is a Puerto Rico-based financial institution operating in the United States as Banco Popular North America, which has for branding purposes named itself Popular Community Bank. Both institutions are subsidiaries of Popular, Inc., a holding company. Popular Community Bank offers personal and business banking solutions to meet consumers’ and business owners’ needs.

On its personal banking side, Popular offers standard deposit accounts including checking, savings, money market, and Certificate of Deposit (CD) accounts. Its checking accounts options can be categorized into non-interest bearing and interest bearing accounts. The senior checking account gets all the benefits of the free checking offer, plus interest accumulation. A savings account is available and comes with a monthly service charge unless a minimum account balance is maintained. Money market accounts offer a higher interest rate and come with an ATM card for checking account functionality. Certificates of Deposit (CDs) are offer in term lengths ranging from 30 days to 120 months and have a grace period between maturity and renewal. On its business banking side, Popular provides cash management services as well as checking and savings deposit account offerings.

Popular Community Bank online banking allows customers to manage their deposit and loan accounts by transferring funds, tracking spending, making payments, and paying bills. The bank has enabled its website to work in congruence with a web-enable phone and has also released mobile apps that provide account management on popular smartphones.

Popular Community Bank is the consumer-facing name for Banco Popular North America, a New York, New York-headquartered bank established in the United States in 1961. It serves its customers through multiple branches located in regions across the country.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Popular Community Bank had $124.82 million in non-current loans and owned real-estate with $1.84 billion in equity and loan loss allowances on hand to cover it. This gives Popular Community Bank a Texas Ratio of 6.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Popular Community Bank decreased dramatically from 13.89% as of March 31, 2013 to 6.78% as of March 31, 2014, resulting in a positive change of 51.16%.This indicates that the balance sheet and financial strength for Popular Community Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Popular Community Bank has decreased its total deposits by -$53.55 million, resulting in -0.87% 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 Popular Community Bank has shown is average.

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. Popular Community Bank has $8.79 billion in assets with $1.84 billion in equity, resulting in a capitalization level of 20.93%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34967
Year Established1999
Employees1367
Primary RegulatorFED
Assets and Liabilities
Assets$8.79 billion
Loans$5.54 billion
Deposits$6.07 billion
Equity Capital$1.73 billion
Loan Loss Allowance$107.84 million
Unbacked Noncurrent Loans$97.95 million
Real Estate Owned$26.87 million
Historic Data - March 2013
Assets$8.75 billion
Equity Capital$1.66 billion
Loan Loss Allowance$159.48 million
Unbacked Noncurrent Loans$97.95 million
Real Estate Owned$44.04 million
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets1.72%
Return on Equity8.83%
Interest Income$88.68 million
Rates
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Popular Community Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Relationship Savings - Bonus
0.10%$50k-Relationship Savings

Popular Community Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-Popular Premier Money Market - Bonus
0.30%$100k-Popular Premier Money Market

Popular Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-60 Month Relationship CD - Bonus
1.10%$1k-60 Month Relationship CD
0.65%$1k-12 Month Relationship CD - Bonus
0.40%$1k-6 Month Relationship CD - Bonus
0.40%$1k-12 Month Relationship CD
0.15%$1k-6 Month Relationship CD
Locations

Popular Community Bank has 93 locations. Click to view all Popular Community Bank locations.