Mercantil Commercebank is headquartered in Coral Gables and is the 5th largest bank in the state of Florida. It is also the 143rd largest bank in the nation. It was established in 1979 and as of December of 2016, it had grown to 955 employees at 24 locations. Mercantil Commercebank's CD rates are 50% higher than the national average, and it has a B+ health rating.
I was a customer for 6 years, if you move your money very often, try not to reach the account balance to 0 because the bank will CLOSE your account because "new politics", so, no penalties, no overdraft fees, you only get the "kick in the butt" treatment from customer service.
|FDIC Certificate #||22953|
|Return on Assets - YTD||0.38%|
|Return on Equity - YTD||4.03%|
|Annual Interest Income||$238.8MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$8.42B$8.15B|
|Loans||Q4 2016vs Q4 2015||$5.68B$5.56B|
|Deposits||Q4 2016vs Q4 2015||$6.62B$6.56B|
|Equity Capital||Q4 2016vs Q4 2015||$771.6MM$747.8MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$81.8MM$77.0MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$70.4MM$76.6MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$386.00K$384.00K|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.50%||$10k||$1m||24 Month Smart CD-Florida (New Money)|
|1.40%||$10k||$1m||24 Month Smart CD-Texas (New Money)|
|1.35%||$10k||$500k||12 Month Smart CD Special-Florida (New Money)|
|1.30%||$10k||$500k||12 Month Smart CD Special-Texas (New Money)|