Banesco USA

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Deposit Rates - April 16, 2021

CD RATES APY MIN MAX
12 Mo CD
0.40% $1,500 - Compare
18 Mo CD
0.45% $1,500 - Compare
24 Mo CD
0.50% $1,500 - Compare
36 Mo CD
0.55% $1,500 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57815
Date Established 2006
Assets $ 1,935.79 million
Loans $ 1,409.53 million
Deposits $ 1,498.59 million
Capital $ 167.05 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 103.15 million
Interest-bearing balances $ 98.13 million
Total securities $ 335.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,409.53 million
Loan loss allowance $ 23.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.11 million
All other assets $ 72.95 million
     Total Assets $ 1,768.74 million

LIABILITIES
Total deposits $ 1,498.59 million
      Interest-bearing deposits $ 909.64 million
      Deposits held in domestic offices $ 1,311.15 million
      % insured (estimated) 56.04%
Federal funds purchased and repurchase agreements $ 6.42 million
Trading liabilities N.A.
Other borrowed funds $ 235.03 million
Subordinated debt $ 15.00 million
All other liabilities $ 13.70 millionn
      Total Liabilities $ 1,768.74 million
      Shareholders’ Equity $ 167.05 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 76.07 million
Total Interest Expense $ 13.43 million
Net interest income $ 62.64 million
Provision for loan and lease losses $ 16.61 million
Total non interest income $ 11.60 million
Total non interest expense $ 52.69 million
Pre-tax Net Operating Income $ 4.94 million

Banesco USA is an FDIC insured institution headquartered at 150 Alhambra Circle, Suite 100, Coral Gables, FL 33134.
It was founded in 2006 and has approximately $2 billion in assets. Customers can open an account at one of its 7 branches.