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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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 Popular Community Bank had $174.15 million in non-current loans and owned real-estate with $1.8 billion in equity and loan loss allowances on hand to cover it. This gives Popular Community Bank a Texas Ratio of 9.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Popular Community Bank decreased dramatically from 15.20% as of December 31, 2012 to 9.70% as of December 31, 2013, resulting in a positive change of 36.19%.This indicates that the balance sheet and financial strength for Popular Community Bank has improved dramatically in recent periods.
In the past year, Popular Community Bank has decreased its total deposits by -$48.83 million, resulting in -0.8% 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.
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 $8.76 billion in assets with $1.8 billion in equity, resulting in a capitalization level of 20.50%, which is excellent.
|FDIC Certificate #||34967|
|Assets and Liabilities|
|Equity Capital||$1.68 billion|
|Loan Loss Allowance||$111.69 million|
|Unbacked Noncurrent Loans||$143.85 million|
|Real Estate Owned||$30.30 million|
|Historic Data - December 2012|
|Equity Capital||$1.66 billion|
|Loan Loss Allowance||$176.40 million|
|Unbacked Noncurrent Loans||$143.85 million|
|Real Estate Owned||$50.97 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.62%|
|Return on Assets||1.18%|
|Return on Equity||6.23%|
|Interest Income||$350.15 million|
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|0.35%||$50k||-||Relationship Savings - Bonus|
|0.55%||$100k||-||Popular Premier Money Market - Bonus|
|0.30%||$100k||-||Popular Premier Money Market|
|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|