CheckSpring Bank in Bronx, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


CheckSpring Bank - Overview

  • General
  • FDIC Certificate #: 58668
    Status: Active
    Federal Reserve ID: 3368925
    Bank Holding Company (Regulatory Top Holder): Checkspring Community Corporation (RSSDID: 3368916, Location: Bronx, NY)
    Date Established: October 26, 2007
    WWW: http://www.checkspring.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 462320
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 26, 2007
    Last Structure Change Effective Date: November 07, 2007
    Last Structure Change Process Date: November 08, 2007
    Last Data Update: November 08, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 69 East 167th Street, Bronx, NY 10452
    County: Bronx
    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 Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $63.4 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $54.7 mil
    Return on assets (ROA): 1.57% ($1.0 mil)
    Quarterly return on assets: 0.49% ($0.3 mil)
    Return on Equity (ROE): 11.56% ($0.9 mil)
    Quarterly return on equity: 3.67% ($0.3 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.61% ($1,020.4 mil)
    Quarterly Pretax return on assets: 0.53% ($335.9 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
  • 33Total employees (full-time equivalent)
  • $63,376Total assets
  • $5,638Cash and due from depository institutions
  • $1Interest-bearing balances
  • $7,354Securities
  • $41Federal funds sold & reverse repurchase agreements
  • $46,975Net loans & leases
  • $598Loan loss allowance
  • $0Trading account assets
  • $825Bank premises and fixed assets
  • $0Other real estate owned
  • $1,143Goodwill and other intangibles
  • $63,376Life insurance assets
  • $1,400All other assets
  • $55,310Total liabilities and capital
  • $54,658Total liabilities
  • $49,965Total deposits
  • $54,658Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $47Trading liabilities
  • $0Other borrowed funds
  • $605Subordinated debt
  • $8,066All other liabilities
  • $8,066Total equity capital
  • $8,066Total bank equity capital
  • $0Perpetual preferred stock
  • $4,700Common stock
  • $8,700Surplus
  • $-5,334Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $244Income earned, not collected on loans
  • $0Earning assets
  • $335Long-term assets (5+ years)
  • $54,371Average Assets, year-to-date
  • $8,286Average Assets, quarterly
  • $55,936Volatile liabilities
  • $60,475Insider loans
  • $41,044FHLB advances
  • $58,417Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,256Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,654Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,242Total interest income
  • $685Total interest expense
  • $2,557Net interest income
  • $151Provision for loan and lease losses
  • $2,668Total noninterest income
  • $0Fiduciary activities
  • $286Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,382Additional noninterest income
  • $4,231Total noninterest expense
  • $1,983Salaries and employee benefits
  • $787Premises and equipment expense
  • $1,461Additional noninterest expense
  • $843Pre-tax net operating income
  • $60Securities gains (losses)
  • $27Applicable income taxes
  • $876Income before extraordinary items
  • $0Extraordinary gains - net
  • $876Net income attributable to bank
  • $0Net charge-offs
  • $876Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.79%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 5.36%Net interest margin
  • 5.59%Noninterest income to earning assets
  • 8.86%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.57%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 11.56%Return on equity (ROE)
  • 11.56%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 15100.00%Credit loss provision to net charge-offs
  • 994.00%Efficiency ratio
  • 80,077Assets per employee
  • 1.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 245.08%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 85.94%Net loans and leases to core deposits
  • 112.23%Equity capital to assets
  • 12.73%Core capital (leverage) ratio
  • 12.42%Tier 1 risk-based capital ratio
  • 17.68%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $55,936Average earning assets
  • $7,576Average equity
  • $47,729Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462320Checkspring Bank69 East 167th Street, Bronx, NY 10452October 26, 2007Full Service Brick and Mortar

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