Bessemer Trust Company, National Association in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bessemer Trust Company, National Association - Overview

  • General
  • FDIC Certificate #: 21868
    Status: Active
    Federal Reserve ID: 976703
    Bank Holding Company (Regulatory Top Holder): Bessemer Group, Incorporated, The (RSSDID: 1246159, Location: Woodbridge, NJ)
    Date Established: December 20, 1974
    WWW: http://www.bessemer.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 15153
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization > 1 Billion
    Date of Deposit Insurance: December 20, 1974
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 630 Fifth Avenue, New York, NY 10111
    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
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,068.3 mil
    Equity capital: $165.8 mil
    Deposits held in domestic offices: $1,840.9 mil
    Return on assets (ROA): 2.64% ($54.6 mil)
    Quarterly return on assets: 1.97% ($40.7 mil)
    Return on Equity (ROE): 24.41% ($40.5 mil)
    Quarterly return on equity: 21.00% ($34.9 mil)
    Net income: $39.9 mil
    Quarterly Net income: $8.8 mil
    Pretax return on assets: 3.07% ($63,496.2 mil)
    Quarterly Pretax return on assets: 2.36% ($48,811.4 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
  • 396Total employees (full-time equivalent)
  • $2,068,280Total assets
  • $991,549Cash and due from depository institutions
  • $984,786Interest-bearing balances
  • $679,038Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $247,802Net loans & leases
  • $0Loan loss allowance
  • $8,866Trading account assets
  • $19,023Bank premises and fixed assets
  • $0Other real estate owned
  • $76,407Goodwill and other intangibles
  • $2,068,280Life insurance assets
  • $45,595All other assets
  • $1,902,526Total liabilities and capital
  • $1,840,860Total liabilities
  • $1,817,634Total deposits
  • $1,840,860Interest-bearing deposits
  • $27Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $61,666Subordinated debt
  • $165,754All other liabilities
  • $165,754Total equity capital
  • $165,754Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $74,828Surplus
  • $87,926Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $3,452Long-term assets (5+ years)
  • $1,920,492Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,510,290Volatile liabilities
  • $1,787,141Insider loans
  • $348,236FHLB advances
  • $1,522,672Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $91,984Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,533Total interest income
  • $648Total interest expense
  • $7,885Net interest income
  • $0Provision for loan and lease losses
  • $311,672Total noninterest income
  • $309,592Fiduciary activities
  • $0Service charges on deposit accounts
  • -$223Trading account gains & fees
  • $2,303Additional noninterest income
  • $273,269Total noninterest expense
  • $137,847Salaries and employee benefits
  • $24,245Premises and equipment expense
  • $111,177Additional noninterest expense
  • $46,288Pre-tax net operating income
  • $18Securities gains (losses)
  • $6,451Applicable income taxes
  • $39,855Income before extraordinary items
  • $0Extraordinary gains - net
  • $39,855Net income attributable to bank
  • $0Net charge-offs
  • $39,855Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $33,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.63%Yield on earning assets
  • 0.05%Cost of funding earning assets
  • 0.58%Net interest margin
  • 22.95%Noninterest income to earning assets
  • 20.12%Noninterest expense to earning assets
  • 2.64%Net operating income to assets
  • 2.64%Return on assets (ROA)
  • 3.07%Pretax return on assets
  • 24.41%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,515Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.43%Loss allowance to loans
  • 0.00%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
  • 13.46%Net loans and leases to core deposits
  • 13.46%Equity capital to assets
  • 8.01%Core capital (leverage) ratio
  • 6.04%Tier 1 risk-based capital ratio
  • 26.41%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $1,510,290Average earning assets
  • $163,295Average equity
  • $1,358,122Average 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
  • $28,022,869Managed Assets
  • 1Number of Accounts
  • $27,686,407Personal trust and agency accounts
  • $3,926,854Employee benefit-defined contribution accounts
  • $66,669Employee benefit-defined benefit accounts
  • $162,742Other retirement accounts
  • $1,299,207Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,129,838Other fiduciary accounts
  • $2,101,097Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 12289Number of Accounts
  • $0Personal trust and agency accounts
  • $1,277,565Employee benefit-defined contribution accounts
  • $10,244,135Employee benefit-defined benefit accounts
  • $336,462Other retirement accounts
  • $42,131Corporate trust and agency accounts
  • $2,783Other fiduciary accounts
  • $119,121Fiduciary accounts held in foreign offices

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015153Bessemer Trust Company, National Association630 Fifth Avenue, New York, NY 10111December 20, 1974Full Service Brick and Mortar

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