Overview / Commentary
Modern Bank, National Association is headquartered in New York and is the 63rd largest bank in the state of New York. It is also the 1,275th largest bank in the nation. It was established in 1977 and as of June of 2022, it had grown to 50 employees at 1 location. Modern Bank, National Association's money market rates are 8X the national average, and it has a B health rating.
Reviews (3)
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Posted by: rxshah1 | Jan 22, 2023
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Posted by: yahooeu | Jan 4, 2023
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Health
B
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 22398 |
| Year Established | 1977 |
| Employees | 50 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 7.38% |
| Annual Interest Income | $15.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $733.7MM$807.0MM |
| Loans | Q2 2022vs Q2 2021 | $576.6MM$653.4MM |
| Deposits | Q2 2022vs Q2 2021 | $547.6MM$576.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $85.6MM$86.2MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $8.5MM$8.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $13.2MM$4.2MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |