FDIC Certificate #: 24430 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#3510) Federal Reserve ID: 33512 Date Established: March 21, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 16989 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: March 21, 1983 Last Structure Change Effective Date: September 01, 1996 Last Structure Change Process Date: September 19, 1996 Last Data Update: September 19, 1996 Data Source Date: April 05, 2012
Location
Address: 1 World Trade Center, New York City, NY 10006 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: $159.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
Dollar figures in thousands
0Total employees (full-time equivalent)
$243Total assets
$281,427Cash and due from depository institutions
$104,931Interest-bearing balances
$12,071Securities
$6,821Federal funds sold & reverse repurchase agreements
$120,000Net loans & leases
$441Loan loss allowance
$8Trading account assets
$0Bank premises and fixed assets
$675Other real estate owned
$0Goodwill and other intangibles
$48,559Life insurance assets
$0All other assets
$0Total liabilities and capital
$281,427Total liabilities
$167,363Total deposits
$121,040Interest-bearing deposits
$0Deposits held in domestic offices
121040.00%% insured (estimated)
$9Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$46,323Total equity capital
$46,323Total bank equity capital
$114,064Perpetual preferred stock
$0Common stock
$500Surplus
$137,410Undivided profits
Memoranda
$-23,846Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$139,333Long-term assets (5+ years)
$0Average Assets, year-to-date
$595,245Average Assets, quarterly
$413,104Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$114,014Total risk weighted assets
$93,893Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1995)
Dollar figures in thousands
$0Total interest income
$14,158Total interest expense
$3,397Net interest income
$10,761Provision for loan and lease losses
-$349Total noninterest income
$40,752Fiduciary activities
$9,852Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$30,900Total noninterest expense
$71,681Salaries and employee benefits
$28,185Premises and equipment expense
$5,473Additional noninterest expense
$38,023Pre-tax net operating income
-$19,819Securities gains (losses)
$0Applicable income taxes
-$3,174Income before extraordinary items
-$16,645Extraordinary gains - net
$0Net income attributable to bank
-$16,645Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1995)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.12%Cost of funding earning assets
1.71%Net interest margin
5.41%Noninterest income to earning assets
20.50%Noninterest expense to earning assets
36.06%Net operating income to assets
-2.80%Return on assets (ROA)
-2.80%Pretax return on assets
-3.33%Return on equity (ROE)
-13.71%Retained earnings to average equity (YTD only)
-13.71%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
137,513Assets per employee
1.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.36%Net loans and leases to core deposits
0.36%Equity capital to assets
40.53%Core capital (leverage) ratio
29.50%Tier 1 risk-based capital ratio
121.43%Total risk-based capital ratio
Memoranda
$121Average assets
$595,245Average earning assets
$121,443Average equity
$198,763Average loans
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