Spring Bank (NY) is headquartered in Bronx and is the 88th largest bank in the state of New York. It is also the 2,220th largest bank in the nation. It was established in 2007 and as of June of 2022, it had grown to 37 employees at 2 locations. Spring Bank (NY)'s money market rates are 6X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 58668 |
Year Established | 2007 |
Employees | 37 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.96% |
Return on Equity - YTD | 9.23% |
Annual Interest Income | $6.3MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $355.8MM$354.7MM |
Loans | Q2 2022vs Q2 2021 | $213.8MM$271.1MM |
Deposits | Q2 2022vs Q2 2021 | $290.5MM$235.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $39.1MM$28.5MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.9MM$1.9MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.9MM$3.6MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.00% | $25 | - | Savings | |
3.00% | $10 | - | Club Accounts | |
3.00% | $25 | - | Other Savings Products | |
3.00% | $25 | - | IRA Savings | |
3.00% | $10 | - | Vacation Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.75%* | $500* | $1m | Money Market Checking Account | ||
OTHER TIERS: 2.65% → $1m+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.95% | - | - | Interest on Lawyer Accounts | |
0.25% | $500 | - | Interest Checking Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.50% | $250 | - | 1 Year CD | |
3.50% | $250 | - | 1 1/2 Year CD | |
3.50% | $250 | - | 2 Year CD | |
3.50% | $250 | - | 3 Year CD | |
3.50% | $250 | - | 4 Year CD | |
3.50% | $250 | - | 5 Year CD | |
3.00% | $250 | - | 180 Day CD | |
2.50% | $250 | - | 90 Day CD |
Spring Bank (NY) Locations | ||
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301 W.111th Street | 301 W. 111th Street | New York, NY 10026 |
Spring Bank | 69 E 167th St | Bronx, NY 10452 |