Ponce Bank is headquartered in Bronx and is the 45th largest bank in the state of New York. It is also the 658th largest bank in the nation. It was established in 1960 and as of December of 2021, it had grown to 172 employees at 14 locations. Ponce Bank's money market rates are 70% higher than the national average, and it has an A health rating.
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31189 |
| Year Established | 1960 |
| Employees | 172 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.94% |
| Return on Equity - YTD | 18.88% |
| Annual Interest Income | $66.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.64B$1.32B |
| Loans | Q4 2021vs Q4 2020 | $1.31B$1.16B |
| Deposits | Q4 2021vs Q4 2020 | $1.35B$1.04B |
| Equity Capital | Q4 2021vs Q4 2020 | $170.6MM$142.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $16.4MM$14.9MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $11.5MM$12.9MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
