Ponce Bank


Overview / Commentary
718-863-7600
2244 Westchester Avenue
Bronx, NY 10462

Ponce Bank is headquartered in Bronx and is the 50th largest bank in the state of New York. It is also the 763rd largest bank in the nation. It was established in 1960 and as of June of 2020, it had grown to 179 employees at 14 locations. Ponce Bank has an A health rating.

Reviews (1)

Excellent bank

I deposited $20,000 dollars split up between a savings account and a three month CD. Their rates are competitive with three month CDs at 0.25 percent interest. Their savings accounts have 0.10 percent interest. These rates are slightly better than the big name banks. Everyone in this bank is competent and caring. Their checking accounts are totally free with no strings attached in terms of fees. Again, this is better than what I have seen in other big name banks. My whole family does their banking with this bank because of the above. I wholeheartedly recommend this bank to anyone looking for a good local banking institution.



Health

Health Grade Components

Overall
FDIC Certificate #31189
Year Established1960
Employees179
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.1%
Return on Equity - YTD-0.82%
Annual Interest Income$25.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.22B$1.05B
LoansQ2 2020vs Q2 2019$1.07B$934.2MM
DepositsQ2 2020vs Q2 2019$952.0MM$831.4MM
Equity CapitalQ2 2020vs Q2 2019$136.4MM$134.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$13.8MM$12.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$11.5MM$10.1MM
Real Estate OwnedQ2 2020vs Q2 2019$0$58.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ponce Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Ponce Savings

Ponce Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market
OTHER TIERS: 0.15% Up to $1.5k | 0.25% $1.5k - $50k

Ponce Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.12%*$50k*-Premium Interest Checking
OTHER TIERS: 0.07% Up to $1.5k | 0.10% $1.5k - $50k
0.07%--50+ Interest Checking
0.07%--Direct Interest Checking
0.07%--Business Interest Checking

Ponce Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-60 Month CD
0.95%$1k-Business 60 Month CD
0.85%$1k-48 Month CD
0.85%$1k-Business 48 Month CD
0.80%$1k-36 Month CD
0.80%$1k-Business 36 Month CD
0.75%$1k-30 Month CD
0.75%$1k-Business 30 Month CD
0.70%$1k-24 Month CD
0.70%$1k-Business 24 Month CD
0.67%$1k-18 Month CD
0.67%$1k-Business 18 Month CD
0.65%$1k-12 Month CD
0.65%$1k-Business 12 Month CD
0.40%$500-6 Month CD
0.40%$500-Business 6 Month CD
0.20%$500-3 Month CD
0.20%$500-Business 3 Month CD
0.15%$500-1 Month CD
0.15%$500-2 Month CD
0.15%$500-Business 1 Month CD
0.15%$500-Business 2 Month CD

Ponce Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$1k-60 Month IRA
0.95%$1k-48 Month IRA
0.90%$1k-36 Month IRA
0.80%$1k-24 Month IRA
0.67%$1k-18 Month IRA
0.65%$1k-12 Month IRA
0.40%$500-6 Month IRA
0.30%$500-3 Month IRA
0.25%$500-1 Month IRA
0.25%$500-2 Month IRA
Locations

Availability



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