Amalgamated Bank in New York, New York (NY), NV, CA, DC, NJ
Overview, Financial Summary, Detailed Financial Reports, Branches


Amalgamated Bank - Overview

  • General
  • FDIC Certificate #: 622
    Status: Active
    Federal Reserve ID: 661308
    Bank Holding Company (Regulatory Top Holder): Unite Here (RSSDID: 3281798, Location: New York, NY)
    Date Established: April 14, 1923
    WWW: http://www.amalgamatedbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 25 (Domestic: 25, Interstate: Yes)
    OTS Docket #: 9297
    FDIC's unique #: 413
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 20, 2011
    Last Structure Change Process Date: April 25, 2011
    Last Data Update: April 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 275 Seventh Avenue, New York, NY 10001
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $4,170.1 mil
    Equity capital: $227.1 mil
    Deposits held in domestic offices: $2,655.3 mil
    Return on assets (ROA): -0.18% (-$7.5 mil)
    Quarterly return on assets: -1.09% (-$45.5 mil)
    Return on Equity (ROE): -3.44% (-$7.8 mil)
    Quarterly return on equity: -19.85% (-$45.1 mil)
    Net income: -$8.0 mil
    Quarterly Net income: -$11.7 mil
    Pretax return on assets: -0.24% (-$10,008.1 mil)
    Quarterly Pretax return on assets: -1.53% (-$63,801.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 439Total employees (full-time equivalent)
  • $4,170,055Total assets
  • $569,600Cash and due from depository institutions
  • $558,089Interest-bearing balances
  • $875,549Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,112,029Net loans & leases
  • $41,608Loan loss allowance
  • $412,210Trading account assets
  • $42,701Bank premises and fixed assets
  • $1,035Other real estate owned
  • $1,097Goodwill and other intangibles
  • $4,170,055Life insurance assets
  • $155,834All other assets
  • $3,897,980Total liabilities and capital
  • $2,655,347Total liabilities
  • $1,838,696Total deposits
  • $2,655,347Interest-bearing deposits
  • $38Deposits held in domestic offices
  • 455145.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $749,866Trading liabilities
  • $0Other borrowed funds
  • $37,622Subordinated debt
  • $272,075All other liabilities
  • $227,144Total equity capital
  • $227,144Total bank equity capital
  • $14,000Perpetual preferred stock
  • $7,207Common stock
  • $102,582Surplus
  • $103,355Undivided profits
  • Memoranda
  • $44,931Noncurrent loans and leases
  • $508Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $109,632Income earned, not collected on loans
  • $0Earning assets
  • $17,453Long-term assets (5+ years)
  • $3,957,877Average Assets, year-to-date
  • $1,442,690Average Assets, quarterly
  • $4,395,033Volatile liabilities
  • $4,268,415Insider loans
  • $2,432,590FHLB advances
  • $4,237,594Loans and leases held for sale
  • $31,983Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $260,156Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $31,983Total unused commitments
  • $294,360Restructured Loans and leases
  • $11Derivatives
  • $1Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $146,465Total interest income
  • $63,052Total interest expense
  • $83,413Net interest income
  • $30,078Provision for loan and lease losses
  • $37,977Total noninterest income
  • $19,653Fiduciary activities
  • $6,724Service charges on deposit accounts
  • $2,866Trading account gains & fees
  • $8,734Additional noninterest income
  • $114,548Total noninterest expense
  • $47,316Salaries and employee benefits
  • $27,506Premises and equipment expense
  • $39,726Additional noninterest expense
  • -$23,236Pre-tax net operating income
  • $12,856Securities gains (losses)
  • -$2,380Applicable income taxes
  • -$8,000Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,021Net income attributable to bank
  • $21Net charge-offs
  • -$8,000Cash dividends
  • $26,763Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.51%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 2.00%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • -0.41%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.24%Pretax return on assets
  • -3.44%Return on equity (ROE)
  • -3.44%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 112.39%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 94,204Assets per employee
  • 9.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 37.95%Noncurrent assets plus other real estate owned to assets
  • 2.65%Noncurrent loans to loans
  • 5.09%Net loans and leases to deposits
  • 79.54%Net loans and leases to core deposits
  • 87.40%Equity capital to assets
  • 5.45%Core capital (leverage) ratio
  • 6.14%Tier 1 risk-based capital ratio
  • 10.69%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $4,395,033Average earning assets
  • $232,911Average equity
  • $4,171,204Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10,469,759Managed Assets
  • 1Number of Accounts
  • $10,463,939Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $10,463,939Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 406Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,820Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12419209Pasadena Branch60 South Los Robles Avenue, Pasadena, CA 91101July 29, 2002Full Service Brick and Mortar
  • 1 District Of Columbia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    81824931825 K Street Branch1825 K Street, N.W., Washington, DC 20006May 13, 1998Full Service Brick and Mortar
  • 2 Nevada Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    18243925Decatur Branch4001 South Decatur Boulevard, Las Vegas, NV 89103December 29, 1997Full Service Retail
    29520931South Las Vegas Blvd. Branch201 South Las Vegas Blvd., Suite 150 & 160, Las Vegas, NV 89101December 06, 2010Full Service Brick and Mortar
  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9261319Lyndhurst Branch734 Ridge Road, Lyndhurst, NJ 7071March 23, 1998Full Service Brick and Mortar
  • 20 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0413Amalgamated Bank275 Seventh Avenue, New York, NY 10001April 14, 1923Full Service Brick and Mortar
    2182490Bartow Avenue Branch2067 Bartow Avenue, Bronx, NY 10475March 22, 1972Full Service Brick and Mortar
    3182491Broadway Branch1710 Broadway, New York, NY 10019June 12, 1973Full Service Brick and Mortar
    4182492Electchester Branch158-11 Jewel Ave, Flushing, NY 11365July 02, 1990Full Service Brick and Mortar
    52744853770 East Tremont Avenue Branch3770 East Tremont Avenue, Bronx, NY 10465January 01, 1913Full Service Brick and Mortar
    718256423rd Street And 3rd Avenue Branch301 Third Avenue, New York City, NY 10010December 01, 1967Full Service Brick and Mortar
    11419208Harlem Branch564 125th Street, New York, NY 10027May 12, 2003Full Service Brick and Mortar
    13429694Wall Street Branch52 Broadway, New York, NY 10004June 30, 2004Full Service Brick and Mortar
    14444085Union Square Branch10 East 14th Street, New York, NY 10003Febuary 22, 2005Full Service Retail
    15462870Long Island City Branch36-16/18 21st Street, Long Island City, NY 11106April 25, 2007Full Service Brick and Mortar
    19480426Fulton Street Branch1212 Fulton Street, Brooklyn, NY 11216June 30, 2008Full Service Retail
    20480427Morris Heights Branch94 Burnside Avenue, Bronx, NY 10453May 19, 2008Full Service Retail
    21493597Sunset Park Branch4502 Fifth Avenue, Brooklyn, NY 11220August 11, 2008Full Service Brick and Mortar
    22493598Bayridge Branch426 86th Street, Brooklyn, NY 11209June 01, 2009Full Service Brick and Mortar
    23495796Roosevelt Island Branch619 Main Street, New York, NY 10044July 20, 2009Full Service Brick and Mortar
    24498664Ridgewood Branch56-29 Myrtle Avenue, Ridgewood, NY 11385December 02, 2009Full Service Brick and Mortar
    25512003Avenue J Branch1201 Avenue J, Brooklyn, NY 11230August 31, 2010Full Service Brick and Mortar
    26512606White Plains Road Branch2178 White Plains Road, Bronx, NY 10462September 23, 2010Full Service Brick and Mortar
    27513653Maspeth Branch69-73 Grand Avenue, Maspeth, NY 11378October 27, 2010Full Service Brick and Mortar
    28516202Jackson Heights Branch78-01 37th Avenue, Jackson Heights, NY 11372January 31, 2011Full Service Brick and Mortar

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