Amerasia Bank in Flushing, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Amerasia Bank - Overview

  • General
  • FDIC Certificate #: 27267
    Status: Active
    Federal Reserve ID: 1169650
    Date Established: June 20, 1988
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 39368
    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: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 20, 1988
    Last Structure Change Effective Date: June 02, 2008
    Last Structure Change Process Date: June 02, 2008
    Last Data Update: June 02, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 41-06 Main Street, Flushing, NY 11355
    County: Queens
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $268.3 mil
    Equity capital: $25.1 mil
    Deposits held in domestic offices: $242.6 mil
    Return on assets (ROA): 1.84% ($4.9 mil)
    Quarterly return on assets: 2.24% ($6.0 mil)
    Return on Equity (ROE): 19.26% ($4.8 mil)
    Quarterly return on equity: 24.18% ($6.0 mil)
    Net income: $4.5 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 3.34% ($8,961.2 mil)
    Quarterly Pretax return on assets: 3.78% ($10,141.7 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
  • 39Total employees (full-time equivalent)
  • $268,299Total assets
  • $13,685Cash and due from depository institutions
  • $9,772Interest-bearing balances
  • $5,591Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $238,520Net loans & leases
  • $1,956Loan loss allowance
  • $0Trading account assets
  • $7,545Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $268,299Life insurance assets
  • $2,958All other assets
  • $243,160Total liabilities and capital
  • $242,553Total liabilities
  • $211,228Total deposits
  • $242,553Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $607Subordinated debt
  • $25,139All other liabilities
  • $25,139Total equity capital
  • $25,139Total bank equity capital
  • $0Perpetual preferred stock
  • $3,380Common stock
  • $3,632Surplus
  • $18,127Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $875Income earned, not collected on loans
  • $0Earning assets
  • $1,090Long-term assets (5+ years)
  • $253,883Average Assets, year-to-date
  • $122,005Average Assets, quarterly
  • $246,402Volatile liabilities
  • $263,074Insider loans
  • $230,863FHLB advances
  • $262,057Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,121Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,298Restructured Loans and leases
  • $3,208Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,982Total interest income
  • $1,939Total interest expense
  • $13,043Net interest income
  • $300Provision for loan and lease losses
  • $365Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $186Additional noninterest income
  • $5,144Total noninterest expense
  • $3,021Salaries and employee benefits
  • $895Premises and equipment expense
  • $1,228Additional noninterest expense
  • $7,964Pre-tax net operating income
  • $258Securities gains (losses)
  • $3,690Applicable income taxes
  • $4,532Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,532Net income attributable to bank
  • $0Net charge-offs
  • $4,532Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $1,183Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.45%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 5.61%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 3.34%Pretax return on assets
  • 19.26%Return on equity (ROE)
  • 14.23%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -6000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 38,365Assets per employee
  • 6.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.10%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 223.54%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 98.34%Net loans and leases to core deposits
  • 126.60%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 10.88%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $246,402Average earning assets
  • $23,535Average equity
  • $232,456Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039368Amerasia Bank41-06 Main Street, Flushing, NY 11355June 20, 1988Full Service Brick and Mortar
    147374186-26 Broadway Branch86-26 Broadway, Elmhurst, NY 11373November 13, 2007Full Service Brick and Mortar

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