Banesco USA


Banesco USA is an FDIC insured institution headquartered at 3155 Nw 77 Avenue, Miami, FL 33122.
It was founded in 2006 and has approximately $4 billion in assets. Customers can open an account at one of its 7 branches.

Deposit Rates - November 19, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57815
Date Established 2006
Assets $ 4.17 billion
Loans $ 3.11 billion
Deposits $ 3.42 billion
Capital $ 484.83 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 230.91 million
Interest-bearing balances $ 203.66 million
Total securities $ 612.75 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.11 billion
Loan loss allowance $ 36.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.04 million
All other assets $ 97.72 million
     Total Assets $ 3.68 billion

LIABILITIES
Total deposits $ 3.42 billion
      Interest-bearing deposits $ 2.16 billion
      Deposits held in domestic offices $ 2.89 billion
      % insured (estimated) 56.62%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 249.81 million
Subordinated debt $ 14.90 million
All other liabilities $ 20.01 millionn
      Total Liabilities $ 3.68 billion
      Shareholders’ Equity $ 484.83 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 111.54 million
Total Interest Expense $ 53.29 million
Net interest income $ 58.25 million
Provision for loan and lease losses $ 0.50 million
Total non interest income $ 10.50 million
Total non interest expense $ 41.30 million
Pre-tax Net Operating Income $ 14.74 million

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Branches

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Banesco USA Locations