Arab American Bank in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 13, 2000

  • Arab American Bank in New York City, New York (NY)
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Arab American Bank - Overview

  • General
  • FDIC Certificate #: 22288
    Status: Inactive
    Federal Reserve ID: 36111
    Date Established: June 22, 1976
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 15498
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 22, 1976
    Last Structure Change Effective Date: December 13, 2000
    Last Structure Change Process Date: January 18, 2001
    Last Data Update: January 18, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 East 52nd Street, New York City, NY 10022
    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)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
  • Financial Summary
  • Total assets: $502.4 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $550,907Total assets
  • $20,361Cash and due from depository institutions
  • $14,847Interest-bearing balances
  • $341,342Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $172,591Net loans & leases
  • $10,363Loan loss allowance
  • $0Trading account assets
  • $3,148Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,465All other assets
  • $550,907Total liabilities and capital
  • $530,029Total liabilities
  • $388,747Total deposits
  • $375,156Interest-bearing deposits
  • $19,334Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $126,455Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $14,827All other liabilities
  • $20,878Total equity capital
  • $20,878Total bank equity capital
  • $20,878Perpetual preferred stock
  • $0Common stock
  • $44,995Surplus
  • $78,766Undivided profits
  • Memoranda
  • $-102,883Noncurrent loans and leases
  • $60,024Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,934Earning assets
  • $512Long-term assets (5+ years)
  • $1,756Average Assets, year-to-date
  • $528,780Average Assets, quarterly
  • $58,364Volatile liabilities
  • $543,317Insider loans
  • $553,405FHLB advances
  • $500,583Loans and leases held for sale
  • $3,395Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,000Tier 2 risk-based capital
  • $4,479Total risk weighted assets
  • $60,024Total unused commitments
  • $0Restructured Loans and leases
  • $3,897Derivatives
  • $146,624Total assets and liabilities in foreign offices

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $32,080Total interest income
  • $24,477Total interest expense
  • $7,603Net interest income
  • $4,144Provision for loan and lease losses
  • $2,706Total noninterest income
  • $0Fiduciary activities
  • $44Service charges on deposit accounts
  • $179Trading account gains & fees
  • $2,483Additional noninterest income
  • $12,023Total noninterest expense
  • $5,378Salaries and employee benefits
  • $4,061Premises and equipment expense
  • $2,584Additional noninterest expense
  • -$5,858Pre-tax net operating income
  • $277Securities gains (losses)
  • $436Applicable income taxes
  • -$6,017Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,017Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,487Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 4.68%Cost of funding earning assets
  • 1.45%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • -1.16%Net operating income to assets
  • -1.11%Return on assets (ROA)
  • -1.03%Pretax return on assets
  • -22.32%Return on equity (ROE)
  • -22.32%Retained earnings to average equity (YTD only)
  • 2.34%Net charge-offs to loans
  • 92.36%Credit loss provision to net charge-offs
  • -0.38%Efficiency ratio
  • 116,626Assets per employee
  • 11.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.66%Loss allowance to noncurrent loans
  • 49.50%Noncurrent assets plus other real estate owned to assets
  • 3.80%Noncurrent loans to loans
  • 11.44%Net loans and leases to deposits
  • 44.40%Net loans and leases to core deposits
  • 1180.59%Equity capital to assets
  • 3.79%Core capital (leverage) ratio
  • 6.37%Tier 1 risk-based capital ratio
  • 11.70%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $543,317Average earning assets
  • $26,957Average equity
  • $523,176Average loans

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