Overview / Commentary
Spring Bank (NY) is headquartered in Bronx and is the 114th largest bank in the state of New York. It is also the 2,937th largest bank in the nation. It was established in 2007 and as of June of 2019, it had grown to 34 employees at 2 locations. Spring Bank (NY)'s money market rates are 4X the national average, and it has a B+ health rating.
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Health
B+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58668 |
| Year Established | 2007 |
| Employees | 34 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.95% |
| Return on Equity - YTD | 15.46% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $193.7MM$178.8MM |
| Loans | Q2 2019vs Q2 2018 | $139.6MM$139.0MM |
| Deposits | Q2 2019vs Q2 2018 | $168.6MM$156.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $24.4MM$22.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.4MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $2.8MM$52.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Spring Bank (NY) Savings Account Rates
Spring Bank (NY) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75%* | $500* | $1m | Money Market Checking Account | ||
| OTHER TIERS: 0.65% → $1m+ | |||||
Spring Bank (NY) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.85% | - | - | Interest on Lawyer Accounts | |
| 0.25% | $500 | - | Interest Checking Account |
Spring Bank (NY) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $250 | - | 5 Year CD | |
| 2.20% | $250 | - | 4 Year CD | |
| 2.15% | $250 | - | 3 Year CD | |
| 2.10% | $250 | - | 2 Year CD | |
| 2.05% | $250 | - | 1 1/2 Year CD | |
| 2.00% | $250 | - | 1 Year CD | |
| 1.01% | $250 | - | 180 Day CD | |
| 0.30% | $250 | - | 90 Day CD |
Locations
| Spring Bank (NY) Locations | ||
|---|---|---|
| 301 W.111th Street | 301 W. 111th Street | New York, NY 10026 |
| Spring Bank | 69 East 167th Street | Bronx, NY 10452 |