Woori America Bank
New York, New York, New York County
$4.1B in total assets, the 337th largest of 4,309 US banks and 33rd of 126 headquartered in New York.
- FDIC certificate
- 24920
- Established
- 1984
- Owned by
- Woori Financial Group Inc
- Primary regulator
- FDIC
- Website
- www.wooriamericabank.com
At a glance
Compared with 44 banks headquartered in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.1B | 73% | $2.4B | |
| Loans | $3.1B | 77% | $1.9B | |
| Deposits | $3.5B | 77% | $2.0B | |
| Return on assets | 0.86% | 35% | 1.06% | |
| Net interest margin | 2.93% | 25% | 3.53% | |
| Efficiency ratio | 53.9% | 32% | 59.5% | |
| Equity to assets | 13.06% | 80% | 9.98% | |
| Loans to deposits | 88% | 54% | 86% |
Growth
Total assets grew 10.3% a year over the last 5 years and 10.5% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2005 | South Coast Commercial Bank Irvine, CA | $165M |
| Sep 2003 | Panasia Bank, National Association Fort Lee, NJ | $217M |
Where they operate
22 branches in 11 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| New York County, NY | $1.1B | 0.1% | 37 of 83 |
| Bergen County, NJ | $713M | 1.0% | 16 of 45 |
| Queens County, NY | $393M | 0.5% | 28 of 52 |
| Fairfax County, VA | $338M | 0.3% | 22 of 38 |
| Los Angeles County, CA | $236M | 0.0% | 72 of 91 |
| Orange County, CA | $236M | 0.1% | 43 of 73 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 4 branches since 2016 (18 to 22, +22.2%). 5 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 18 | |||
| 2017 | Opened Flushing | 1 | 0 | +1 | 19 |
| 2020 | Opened Lewisville | 1 | 0 | +1 | 20 |
| 2022 | Opened Buena Park and DuluthClosed Garden Grove | 2 | 1 | +1 | 21 |
| 2025 | Opened Austin | 1 | 0 | +1 | 22 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 51% | 27% | |
| 1-4 family residential | 25% | 25% | |
| Business (C&I) | 17% | 19% | |
| Multifamily | 5% | 12% | |
| Construction and land | 1% | 5% | |
| Consumer | 0% | 5% | |
| Other | 0% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 34% | 54% | |
| Time deposits | 33% | 27% | |
| Noninterest-bearing | 33% | 19% |
Brokered deposits are 0.0% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.92% | 0.62% |
| Net charge-offs, annualized | 0.02% | 0.03% |
| Reserves to loans | 1.63% | 1.00% |
| Leverage ratio | 12.78% | 10.12% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in New York County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/woori-america