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

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

  • General
  • FDIC Certificate #: 30394
    Status: Active
    Federal Reserve ID: 268677
    Date Established: January 01, 1948
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 5273
    FDIC's unique #: 43228
    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: March 07, 1949
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 West 125th Street, New York, NY 10027
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $670.5 mil
    Equity capital: $68.2 mil
    Deposits held in domestic offices: $494.4 mil
    Return on assets (ROA): -2.96% (-$19.8 mil)
    Quarterly return on assets: -0.63% (-$4.2 mil)
    Return on Equity (ROE): -36.79% (-$25.0 mil)
    Quarterly return on equity: -6.52% (-$4.4 mil)
    Net income: -$20.6 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -3.30% (-$22,125.8 mil)
    Quarterly Pretax return on assets: -1.30% (-$8,716.2 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
  • 128Total employees (full-time equivalent)
  • $670,479Total assets
  • $113,085Cash and due from depository institutions
  • $106,747Interest-bearing balances
  • $67,168Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $462,542Net loans & leases
  • $19,047Loan loss allowance
  • $0Trading account assets
  • $9,878Bank premises and fixed assets
  • $2,183Other real estate owned
  • $510Goodwill and other intangibles
  • $670,479Life insurance assets
  • $15,113All other assets
  • $600,074Total liabilities and capital
  • $494,417Total liabilities
  • $415,029Total deposits
  • $494,417Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 30000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $65,034Trading liabilities
  • $5,000Other borrowed funds
  • $5,623Subordinated debt
  • $70,405All other liabilities
  • $68,168Total equity capital
  • $68,168Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $103,725Surplus
  • $-35,557Undivided profits
  • Memoranda
  • $2,237Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $91,766Income earned, not collected on loans
  • $3,331Earning assets
  • $2,285Long-term assets (5+ years)
  • $636,457Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $695,849Volatile liabilities
  • $674,030Insider loans
  • $467,858FHLB advances
  • $670,266Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $68,189Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,144Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,456Total interest income
  • $7,166Total interest expense
  • $23,290Net interest income
  • $19,092Provision for loan and lease losses
  • $3,684Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,684Additional noninterest income
  • $30,824Total noninterest expense
  • $11,836Salaries and employee benefits
  • $6,193Premises and equipment expense
  • $12,795Additional noninterest expense
  • -$22,942Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,354Applicable income taxes
  • -$20,588Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20,588Net income attributable to bank
  • $0Net charge-offs
  • -$20,588Cash dividends
  • $16,659Sale, conversion, retirement of capital stock, net
  • $411Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • -2.96%Net operating income to assets
  • -2.96%Return on assets (ROA)
  • -3.30%Pretax return on assets
  • -36.79%Return on equity (ROE)
  • -37.52%Retained earnings to average equity (YTD only)
  • 3.02%Net charge-offs to loans
  • 114.60%Credit loss provision to net charge-offs
  • -0.23%Efficiency ratio
  • 113,850Assets per employee
  • 5.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.00%Loss allowance to loans
  • 3.96%Loss allowance to noncurrent loans
  • 20.76%Noncurrent assets plus other real estate owned to assets
  • 14.01%Noncurrent loans to loans
  • 19.05%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 110.65%Equity capital to assets
  • 10.17%Core capital (leverage) ratio
  • 10.17%Tier 1 risk-based capital ratio
  • 14.57%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $695,849Average earning assets
  • $55,963Average equity
  • $662,025Average loans

List of branches

  • 9 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043228Carver Federal Savings Bank75 West 125th Street, New York, NY 10027January 01, 1948Full Service Brick and Mortar
    1280282Bedford-Stuyvesant Branch1392 Futlon Street, Brooklyn, NY 11216January 01, 1948Full Service Brick and Mortar
    3280284Crown Heights Branch1009 Nostrand Avenue, Brooklyn, NY 11225January 01, 1948Full Service Brick and Mortar
    101280286St. Albans Branch115-02 Merrick Blvd, Jamaica, NY 11434January 01, 1948Full Service Brick and Mortar
    106362015Malcolm X Boulevard Branch142 Malcolm X Boulevard, New York, NY 10026August 27, 2001Full Service Brick and Mortar
    109495966Atlantic Terminal Branch4 Hanson Place, Brooklyn, NY 11217July 30, 2004Full Service Brick and Mortar
    110495967Bradhurst Branch300 West 145th Street, New York, NY 10039January 03, 2005Full Service Brick and Mortar
    111495968Jamaica Center Branch158- 45 Archer Ave, Jamaica, NY 11433June 30, 2004Full Service Brick and Mortar
    112518523Flatbush Branch833 Flatbush Avenue, Brooklyn, NY 11226Febuary 16, 2010Full Service Brick and Mortar

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