Habib American Bank
Habib American Bank is an FDIC insured institution headquartered at
99 Madison Ave, New York, NY 10016.
It was founded in
1984 and has approximately $2 billion in
assets. Customers can open an account at one of its 7 branches.
Deposit Rates - March 29, 2023
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.35% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
1.10% | $1,500 | Compare |
|
12 Mo CD
|
2.65% | $1,500 | Compare |
|
18 Mo CD
|
1.20% | $1,500 | Compare |
|
24 Mo CD
|
2.65% | $1,500 | Compare |
|
36 Mo CD
|
2.65% | $1,500 | Compare |
|
48 Mo CD
|
0.98% | $1,500 | Compare |
|
60 Mo CD
|
2.00% | $1,500 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.60% | $1,500 | Compare |
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 25093 |
| Date Established | 1984 |
| Assets | $ 2.17 billion |
| Loans | $ 1,335.43 million |
| Deposits | $ 1,589.83 million |
| Capital | $ 207.85 million |
Summary Balance Sheet as of September 30, 2022
| ASSETS | |
| Cash & Balances due from depository institutions | $ 256.93 million |
| Interest-bearing balances | $ 244.27 million |
| Total securities | $ 246.27 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,335.43 million |
| Loan loss allowance | $ 20.38 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.39 million |
| Goodwill and other intangibles | $ 2.60 million |
| All other assets | $ 52.85 million |
| Total Assets | $ 1,723.52 million |
| LIABILITIES | |
| Total deposits | $ 1,589.83 million |
| Interest-bearing deposits | $ 1,225.42 million |
| Deposits held in domestic offices | $ 1,289.03 million |
| % insured (estimated) | 36.95% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 100.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 30.80 millionn |
| Total Liabilities | $ 1,723.52 million |
| Shareholders’ Equity | $ 442.55 million |
Summary Income Statement as of September 30, 2022
| INCOME AND EXPENSES | |
| Total Interest Income | $ 48.74 million |
| Total Interest Expense | $ 8.38 million |
| Net interest income | $ 40.36 million |
| Provision for loan and lease losses | $ 0.90 million |
| Total non interest income | $ 18.52 million |
| Total non interest expense | $ 26.76 million |
| Pre-tax Net Operating Income | $ 21.80 million |
*Should any logos, images or public notes appear on this page,they do so courtesy of Habib American Bank and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.
Customer Reviews for Habib American Bank
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Habib American Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankNEW YORK$50,0006 Month1.10%3.79x (National Avg. - 0.29%)$1,500-SCENARIO
Year Rate
1.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 550 385 2 50,550 556 389 3 51,106 562 394 4 51,668 568 398 5 52,237 575 402 6 52,811 581 407 7 53,392 587 411 8 53,979 594 416 9 54,573 600 420 10 55,173 607 425 11 55,780 614 430 12 56,394 620 434 13 57,014 627 439 14 57,641 634 444 15 58,276 641 449 16 58,917 648 454 17 59,565 655 459 18 60,220 662 464 19 60,882 670 469 20 61,552 677 474 TOTAL $12,229 $8,560 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.75x (National Avg. - 0.56%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.23x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
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