Brooklyn Federal Savings Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 07, 2012

  • Brooklyn Federal Savings Bank in Brooklyn, New York (NY)
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Brooklyn Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29272
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Investors Bank (#28892)
    Federal Reserve ID: 669872
    Date Established: January 01, 1887
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 3198
    FDIC's unique #: 42106
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 12, 1935
    Last Structure Change Effective Date: January 07, 2012
    Last Structure Change Process Date: Febuary 27, 2012
    Last Data Update: Febuary 27, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 81 Court Street, Brooklyn, NY 11201
    County: Kings
    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: $440.2 mil
    Equity capital: $41.5 mil
    Deposits held in domestic offices: $385.7 mil
    Return on assets (ROA): 1.88% ($8.3 mil)
    Quarterly return on assets: 3.88% ($17.1 mil)
    Return on Equity (ROE): 24.17% ($10.2 mil)
    Quarterly return on equity: 43.89% ($18.4 mil)
    Net income: $8.8 mil
    Quarterly Net income: $4.4 mil
    Pretax return on assets: 2.62% ($11,532.2 mil)
    Quarterly Pretax return on assets: 3.96% ($17,430.4 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
  • 80Total employees (full-time equivalent)
  • $440,162Total assets
  • $29,412Cash and due from depository institutions
  • $28,046Interest-bearing balances
  • $170,528Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $232,885Net loans & leases
  • $4,071Loan loss allowance
  • $0Trading account assets
  • $1,325Bank premises and fixed assets
  • $0Other real estate owned
  • $73Goodwill and other intangibles
  • $440,162Life insurance assets
  • $5,939All other assets
  • $398,640Total liabilities and capital
  • $385,679Total liabilities
  • $367,714Total deposits
  • $385,679Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,535Trading liabilities
  • $0Other borrowed funds
  • $2,426Subordinated debt
  • $41,522All other liabilities
  • $41,522Total equity capital
  • $41,522Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $20,533Surplus
  • $20,988Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $81,558Income earned, not collected on loans
  • $0Earning assets
  • $1,108Long-term assets (5+ years)
  • $431,459Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $465,622Volatile liabilities
  • $449,442Insider loans
  • $250,464FHLB advances
  • $438,052Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,412Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,018Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,533Total interest income
  • $5,747Total interest expense
  • $10,786Net interest income
  • -$14,964Provision for loan and lease losses
  • $861Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $861Additional noninterest income
  • $12,967Total noninterest expense
  • $7,403Salaries and employee benefits
  • $2,744Premises and equipment expense
  • $2,820Additional noninterest expense
  • $13,644Pre-tax net operating income
  • -$1,448Securities gains (losses)
  • $3,421Applicable income taxes
  • $8,775Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,775Net income attributable to bank
  • $0Net charge-offs
  • $8,775Cash dividends
  • $3,836Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 2.45%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 2.11%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 2.62%Pretax return on assets
  • 24.17%Return on equity (ROE)
  • 24.17%Retained earnings to average equity (YTD only)
  • 1.27%Net charge-offs to loans
  • -390.09%Credit loss provision to net charge-offs
  • -0.34%Efficiency ratio
  • 111,333Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 4.99%Noncurrent assets plus other real estate owned to assets
  • 18.53%Noncurrent loans to loans
  • 34.42%Net loans and leases to deposits
  • 60.38%Net loans and leases to core deposits
  • 61.93%Equity capital to assets
  • 9.43%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 15.74%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $465,622Average earning assets
  • $36,299Average equity
  • $440,270Average loans

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