Amerant Bank, Formerly Mercantil Bank
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Amerant Bank, Formerly Mercantil Bank Locations
Deposit Rates - July 6, 2022
| CD RATES | APY | MIN | |
|---|---|---|---|
|
12 Mo CD
|
0.55% | $500 | Compare |
|
36 Mo CD
|
0.55% | $500 | Compare |
Featured Home Equity Rates
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Sponsored
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New American Funding
NMLS ID: 6606 / Updated 2022-07-06Access Your Home’s Equity with a Cash-Out Refinance $0 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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Sponsored
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Zillow Home Loans, LLC
NMLS ID: 102875.612% $1,420 Fees & Points $3,098 Total
0.899 Pts ($2,248)
$850 Fees -
4.797% $1,305 Fees & Points $1,372 Total
0.549 Pts ($1,372)
$0 Fees -
Owning.com
NMLS ID: 26115.240% $1,362 Fees & Points $3,255 Total
1.000 Pts ($2,500)
$755 Fees -
6.488% $1,560 Fees & Points $2,960 Total
0.866 Pts ($2,165)
$795 Fees -
Rocket Mortgage
NMLS ID: 30305.635% $1,420 Fees & Points $3,750 Total
1.000 Pts ($2,500)
$1,250 Fees -
CHASE
NMLS ID: 3997986.562% $1,579 Fees & Points $1,868 Total
0.747 Pts ($1,868)
$0 Fees -
Zillow Home Loans, LLC
NMLS ID: 102875.612% $1,420 Fees & Points $3,098 Total
0.899 Pts ($2,248)
$850 Fees -
New American Funding
NMLS ID: 66065.638% $1,418 Fees & Points $4,089 Total
0.984 Pts ($2,460)
$1,629 Fees -
First Internet Bank
NMLS ID: 4241825.338% $1,381 Fees & Points $2,480 Total
0.992 Pts ($2,480)
$0 Fees -
Owning.com
NMLS ID: 26115.240% $1,362 Fees & Points $3,255 Total
1.000 Pts ($2,500)
$755 Fees -
4.797% $1,305 Fees & Points $1,372 Total
0.549 Pts ($1,372)
$0 Fees -
Quicken Loans NMLS #3030
NMLS ID: 30306.118% $1,498 Fees & Points $3,438 Total
0.875 Pts ($2,188)
$1,250 Fees -
5.219% $1,362 Fees & Points $2,660 Total
0.666 Pts ($1,665)
$995 Fees -
AmeriSave Mortgage Corporation
NMLS ID: 1168Fees & Points Total
Pts ($0)
$0 Fees -
First Citizens Bank
NMLS ID: 503941Fees & Points Total
Pts ($0)
$0 Fees - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2022
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 22953 |
| Date Established | 1979 |
| Assets | $ 7.62 billion |
| Loans | $ 5.50 billion |
| Deposits | $ 5.66 billion |
| Capital | $ 915.60 million |
Summary Balance Sheet
| ASSETS | |
| Cash & Balances due from depository institutions | $ 272.06 million |
| Interest-bearing balances | $ 240.54 million |
| Total securities | $ 1,291.24 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 5.50 billion |
| Loan loss allowance | $ 69.90 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 9.72 million |
| Goodwill and other intangibles | $ 21.40 million |
| All other assets | $ 351.19 million |
| Total Assets | $ 6.71 billion |
| LIABILITIES | |
| Total deposits | $ 5.66 billion |
| Interest-bearing deposits | $ 4.48 billion |
| Deposits held in domestic offices | $ 5.65 billion |
| % insured (estimated) | 63.71% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 809.58 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 238.10 millionn |
| Total Liabilities | $ 6.71 billion |
| Shareholders’ Equity | $ 915.60 million |
Summary Income Statement
| INCOME AND EXPENSES | |
| Total Interest Income | $ 247.84 million |
| Total Interest Expense | $ 36.64 million |
| Net interest income | $ 211.20 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 117.95 million |
| Total non interest expense | $ 192.95 million |
| Pre-tax Net Operating Income | $ 152.70 million |
Amerant Bank, Formerly Mercantil Bank is an FDIC insured institution headquartered at
220 Alhambra Cir, Coral Gables, FL 33134.
It was founded in
1979 and has approximately $8 billion in
assets. Customers can open an account at one of its 27 branches.
Customer Reviews for Amerant Bank, Formerly Mercantil Bank
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 CDBankFLORIDA$50,00012 Month0.55%1.35x (National Avg. - 0.41%)$500-SCENARIO
Year Rate
0.55%Annual
InterestAnnual Interest
(After Tax)1 50,000 275 193 2 50,275 277 194 3 50,552 278 195 4 50,830 280 196 5 51,109 281 197 6 51,390 283 198 7 51,673 284 199 8 51,957 286 200 9 52,243 287 201 10 52,530 289 202 11 52,819 291 203 12 53,110 292 204 13 53,402 294 206 14 53,695 295 207 15 53,991 297 208 16 54,288 299 209 17 54,586 300 210 18 54,886 302 211 19 55,188 304 212 20 55,492 305 214 TOTAL $5,797 $4,058 - 2ONLINE CDOnline Bank-$50,00012 Month1.60%3.93x (National Avg. - 0.41%)$1,000-SCENARIO
Year Rate
1.60%Annual
InterestAnnual Interest
(After Tax)1 50,000 800 560 2 50,800 813 569 3 51,613 826 578 4 52,439 839 587 5 53,278 852 597 6 54,130 866 606 7 54,996 880 616 8 55,876 894 626 9 56,770 908 636 10 57,678 923 646 11 58,601 938 656 12 59,539 953 667 13 60,492 968 678 14 61,459 983 688 15 62,443 999 699 16 63,442 1,015 711 17 64,457 1,031 722 18 65,488 1,048 733 19 66,536 1,065 745 20 67,601 1,082 757 TOTAL $18,682 $13,078 - 3ONLINE CDOnline Bank-$50,00012 Month1.90%4.67x (National Avg. - 0.41%)$5,000-SCENARIO
Year Rate
1.90%Annual
InterestAnnual Interest
(After Tax)1 50,000 950 665 2 50,950 968 678 3 51,918 986 691 4 52,904 1,005 704 5 53,910 1,024 717 6 54,934 1,044 731 7 55,978 1,064 745 8 57,041 1,084 759 9 58,125 1,104 773 10 59,229 1,125 788 11 60,355 1,147 803 12 61,502 1,169 818 13 62,670 1,191 834 14 63,861 1,213 849 15 65,074 1,236 865 16 66,311 1,260 882 17 67,570 1,284 899 18 68,854 1,308 916 19 70,163 1,333 933 20 71,496 1,358 951 TOTAL $22,854 $15,998 - 4LOCAL CDBank-$50,00024 Month2.76%5.18x (National Avg. - 0.53%)$500-SCENARIO
Year Rate
2.76%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,380 966 2 51,380 1,418 993 3 52,798 1,457 1,020 4 54,255 1,497 1,048 5 55,753 1,539 1,077 6 57,292 1,581 1,107 7 58,873 1,625 1,137 8 60,498 1,670 1,169 9 62,167 1,716 1,201 10 63,883 1,763 1,234 11 65,646 1,812 1,268 12 67,458 1,862 1,303 13 69,320 1,913 1,339 14 71,233 1,966 1,376 15 73,199 2,020 1,414 16 75,220 2,076 1,453 17 77,296 2,133 1,493 18 79,429 2,192 1,535 19 81,621 2,253 1,577 20 83,874 2,315 1,620 TOTAL $36,189 $25,332 - 5LOCAL CDBank-$50,00036 Month3.06%4.86x (National Avg. - 0.63%)$500-SCENARIO
Year Rate
3.06%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,530 1,071 2 51,530 1,577 1,104 3 53,107 1,625 1,138 4 54,732 1,675 1,172 5 56,407 1,726 1,208 6 58,133 1,779 1,245 7 59,912 1,833 1,283 8 61,745 1,889 1,323 9 63,634 1,947 1,363 10 65,581 2,007 1,405 11 67,588 2,068 1,448 12 69,656 2,131 1,492 13 71,788 2,197 1,538 14 73,985 2,264 1,585 15 76,249 2,333 1,633 16 78,582 2,405 1,683 17 80,986 2,478 1,735 18 83,465 2,554 1,788 19 86,019 2,632 1,843 20 88,651 2,713 1,899 TOTAL $41,364 $28,954
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