Oriental Bank

Headquarters

254 Munoz Rivera
San Juan, PR 00918
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by Elba Orengo | December 29, 2023 |

I am giving 1-star because I can't give a 0!
My mom moved to California to live with me, she is 85 and I'm her caretaker. My mom with her altruistic mindset decided (against our advice) to keep some of her assets in Puerto Rico, "to help the economy of the Island" (her words).
But now she needs to transfer all her accounts due to her physical and medical needs. Because of this, she requested the cancellation of a CD she has with Oriental Bank. She called countless times to the San Patricio branch, and so did I. However, every time the calls got immediately transferred to the headquarters in Hato Rey. Then, we get "educated" with the fact that we need to contact the branch and not the headquarters. No matter how many times we clarified that THEIR switchboard is the one at fault (I'm guessing the switchboard is suffering from some sort of IT-dyslexia!) we still get the reply that WE need to CONTACT or VISIT the branch (hello, our home in California is precisely 3,594 miles away!).
Finally, one representative told us what to do and sent us the form we needed to fill out in order to cancel the CD and get a check for its value.
We did EVERYTHING! And guess what, instead of a check she got a notification that her certificate of deposit was RENEWED!!!
We called again, and again, and again, to DEMAND her check. Surprise, surprise the dyslexic switchboard STRIKES BACK!
She needs her money, and she can't travel to Puerto Rico!
0 star is probably too much!


2024 Overview

General Bank Information

Oriental Bank is an FDIC insured institution located in San Juan, PR. It was founded in 1965 and has approximately $11.15 billion in assets. Customers can open an account at one of its 54 branches.

FDIC Insured Yes
FDIC Certificate # 31469
Date Established 1965
Assets $ 11.15 billion
Loans $ 7.50 billion
Deposits $ 9.62 billion
Capital $ 1,143.37 million
 

For a more detailed analysis of Oriental Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Oriental Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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District Lending
NMLS ID: 1835285
6.391% 6.250%
1.00 points
$4,800 fees
$1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875%
0.63 points
$2,642 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
Neighbors Bank
NMLS ID: 491986

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fees
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to Oriental Bank
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Branches

Oriental Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

Oriental Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Oriental Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Oriental Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Oriental Bank U.S. Bank Average
9.21% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Oriental Bank had $113,237,000 in non-current loans and $6,525,000 in owned real estate. To cover these potential losses it had $1,143,368,000 in equity and $157,301,000 in loans loss reserves. That gives it a Texas Ratio of 9.21%.

Return on Equity
Oriental Bank U.S. Bank Average
17.25% 10.46%

Oriental Bank has a Return on Equity of 17.25% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Oriental Bank U.S. Bank Average
10.25% 10.84%

Oriental Bank has a Capitalization of 10.25% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Oriental Bank Balance Sheet Analysis

As of June 30, 2024, Oriental Bank had assets of $11,153,720,000, loans of $7,503,142,000, and deposits of $9,615,826,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 639.58 million
Interest-bearing balances $ 594.02 million
Total securities $ 2.44 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 7.50 billion
Loan loss allowance $ 157.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.53 million
Goodwill and other intangibles $ 151.59 million
All other assets $ 383.09 million
     Total Assets $ 10.01 billion
LIABILITIES
Total deposits $ 9.62 billion
      Interest-bearing deposits $ 7.00 billion
      Deposits held in domestic offices $ 9.62 billion
      % insured (estimated) 48.24%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 90.44 million
Subordinated debt N.A.
All other liabilities $ 95.17 million
      Total Liabilities $ 10.01 billion
      Shareholders’ Equity $ 1,143.37 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 370.60 million
Total Interest Expense $ 77.39 million
Net interest income $ 293.20 million
Provision for loan and lease losses $ 30.70 million
Total non interest income $ 49.58 million
Total non interest expense $ 179.00 million
Pre-tax Net Operating Income $ 111.21 million

Bank Loan Profile?

The top three loan types in Oriental Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial and Industrial Loans.

Compared to other banks in , Oriental Bank has a significantly higher percent of Consumer Auto Loans, Small Business Loans, Commercial and Industrial Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.63
Multifamily
Mortgages
0.52
Credit Card Loans 0.59
Consumer Auto Loans 23.60
Small Business Loans 2.52
Construction and Development Loans 1.09
Commercial Real Estate 13.69
Commercial and Industrial Loans 16.47
Farm Loans 0.05

Customer Reviews for Oriental Bank


  • December 29, 2023 |

    I am giving 1-star because I can't give a 0!
    My mom moved to California to live with me, she is 85 and I'm her caretaker. My mom with her altruistic mindset decided (against our advice) to keep some of her assets in Puerto Rico, "to help the economy of the Island" (her words).
    But now she needs to transfer all her accounts due to her physical and medical needs. Because of this, she requested the cancellation of a CD she has with Oriental Bank. She called countless times to the San Patricio branch, and so did I. However, every time the calls got immediately transferred to the headquarters in Hato Rey. Then, we get "educated" with the fact that we need to contact the branch and not the headquarters. No matter how many times we clarified that THEIR switchboard is the one at fault (I'm guessing the switchboard is suffering from some sort of IT-dyslexia!) we still get the reply that WE need to CONTACT or VISIT the branch (hello, our home in California is precisely 3,594 miles away!).
    Finally, one representative told us what to do and sent us the form we needed to fill out in order to cancel the CD and get a check for its value.
    We did EVERYTHING! And guess what, instead of a check she got a notification that her certificate of deposit was RENEWED!!!
    We called again, and again, and again, to DEMAND her check. Surprise, surprise the dyslexic switchboard STRIKES BACK!
    She needs her money, and she can't travel to Puerto Rico!
    0 star is probably too much!


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