Piermont Bank
New York, New York · FDIC Cert #59154
Piermont Bank is an FDIC-insured bank (Certificate #59154) with $551M in total assets and $424M in total deposits as of the Q2 2024 Call Report. Headquartered in New York, New York, the bank maintains a Tier 1 capital ratio of 13.90% (Well-Capitalized) and a nonperforming loan ratio of 4.86%. BankHealthData assigns a composite Health Grade of C (61/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Piermont Bank (FDIC cert 59154) is a community bank — $551M in total assets, $424M in deposits, serving the New York, New York area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 13.90% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 4.86% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is comfortable: 35.7% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is thin: ROA of 0.33% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Piermont Bank carries a composite BankHealth grade of C (61/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Piermont Bank
- Total Assets
- $551M
- Total Deposits
- $424M
- Tier 1 Capital Ratio
- 13.90%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 4.86%
- Liquidity Ratio
- 35.66%
- Return on Assets
- 0.33%
- Headquarters
- New York, New York
- FDIC Certificate
- #59154
- Health Grade
- C (61/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Piermont Bank holds a Tier 1 capital ratio of 13.90%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Piermont Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Piermont Bank shows average financial health. While not alarming, its Health Score of 61/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Piermont Bank Compares
Piermont Bank’s Health Score of 61 is 10 points below the New York state average of 71 across 130 FDIC-insured banks. Its 13.90% Tier 1 capital ratio is 0.1 points below the US banking industry average near 14%. The 4.86% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.33% is below the national ROA benchmark of ~1.1%. Among 1407 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, Piermont Bank is 9 points below the portfolio average of 70.
Frequently Asked Questions
Piermont Bank has a Bank Health Score of C (61/100), placing it in average financial health. It holds a Tier 1 capital ratio of 13.90%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Piermont Bank's Tier 1 capital ratio of 13.90% and nonperforming loan ratio of 4.86% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Piermont Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #59154). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Piermont Bank holds $551M in total assets and $424M in total deposits. It is headquartered in New York, New York (FDIC Certificate #59154).
Piermont Bank has a Tier 1 capital ratio of 13.90%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 4.86%, and the return on assets is 0.33%.
Yes. Piermont Bank is FDIC-insured (Certificate #59154). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Piermont Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.