M.Y. Safra Bank

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M.Y. Safra Bank Locations

Deposit Rates - May 20, 2022

CD RATES APY MIN
MM RATES APY MIN
Money Market
0.25% $5,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $25,000

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35154
Date Established 2000
Assets $ 386.19 million
Loans $ 198.65 million
Deposits $ 337.19 million
Capital $ 42.30 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 98.46 million
Interest-bearing balances $ 95.94 million
Total securities $ 85.89 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 198.65 million
Loan loss allowance $ 2.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 3.07 million
     Total Assets $ 343.88 million

LIABILITIES
Total deposits $ 337.19 million
      Interest-bearing deposits $ 230.67 million
      Deposits held in domestic offices $ 337.19 million
      % insured (estimated) 53.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.79 million
Subordinated debt N.A.
All other liabilities $ 1.91 millionn
      Total Liabilities $ 343.88 million
      Shareholders’ Equity $ 42.30 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 10.17 million
Total Interest Expense $ 2.47 million
Net interest income $ 7.70 million
Provision for loan and lease losses $ 0.28 million
Total non interest income $ 0.33 million
Total non interest expense $ 8.45 million
Pre-tax Net Operating Income N.A.

M.Y. Safra Bank is an FDIC insured institution headquartered at 499 Park Avenue, New York, NY 10022.
It was founded in 2000 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

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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.

  • 1
    LOCAL CD
    Bank
    NEW YORK
    $50,000
    12 Month
    1.52%
    3.77x (National Avg. - 0.40%)
    $500
    -
    SCENARIO
    Year Rate
    1.52%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 760 532
    2 50,760 772 540
    3 51,532 783 548
    4 52,315 795 557
    5 53,110 807 565
    6 53,917 820 574
    7 54,737 832 582
    8 55,569 845 591
    9 56,413 857 600
    10 57,271 871 609
    11 58,141 884 619
    12 59,025 897 628
    13 59,922 911 638
    14 60,833 925 647
    15 61,758 939 657
    16 62,697 953 667
    17 63,650 967 677
    18 64,617 982 688
    19 65,599 997 698
    20 66,596 1,012 709
    TOTAL $17,609 $12,326
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.30%
    3.23x (National Avg. - 0.40%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 650 455
    2 50,650 658 461
    3 51,308 667 467
    4 51,975 676 473
    5 52,651 684 479
    6 53,336 693 485
    7 54,029 702 492
    8 54,731 712 498
    9 55,443 721 505
    10 56,164 730 511
    11 56,894 740 518
    12 57,633 749 524
    13 58,383 759 531
    14 59,142 769 538
    15 59,910 779 545
    16 60,689 789 552
    17 61,478 799 559
    18 62,277 810 567
    19 63,087 820 574
    20 63,907 831 582
    TOTAL $14,738 $10,317