China Trust Bank of New York in New York City, New York (NY)



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China Trust Bank of New York
GeneralFDIC Certificate #: 27483
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chinatrust Bank (U.S.A.) (#19416)
Federal Reserve ID: 1369085
Date Established: March 27, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 40100
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 27, 1989
Last Structure Change Effective Date: August 29, 1997
Last Structure Change Process Date: September 09, 1997
Last Data Update: September 09, 1997
Data Source Date: April 05, 2012
LocationAddress: 88 Pine Street, New York City, NY 10005
County: New York
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: San Francisco
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 SummaryTotal assets: $519.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$152
Cash and due from depository institutions$496,733
Interest-bearing balances$24,280
Securities$14,863
Federal funds sold & reverse repurchase agreements$144,050
Net loans & leases$85,800
Loan loss allowance $218,626
Trading account assets$4,493
Bank premises and fixed assets$0
Other real estate owned$14,152
Goodwill and other intangibles$947
All other assets$12
Life insurance assets$8,866
Total liabilities and capital$0
Total liabilities$496,733
Total deposits$462,096
Interest-bearing deposits$454,816
Deposits held in domestic offices$406,346
% insured (estimated)454816.00%
Federal funds purchased & repurchase agreements $81
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$7,280
Total bank equity capital$7,280
Perpetual preferred stock$34,637
Common stock$0
Surplus$5,000
Undivided profits $32,000
Memoranda
Noncurrent loans and leases $-2,363
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,254
Earning assets $1,682
Long-term assets (5+ years) $463,339
Average Assets, year-to-date $17,262
Average Assets, quarterly $491,330
Volatile liabilities $488,487
Insider loans $115,118
FHLB advances $4,152
Loans and leases held for sale $0
Unused loan commitments $2,164
Tier 1 (core) risk-based capital $14,913
Tier 2 risk-based capital $0
Total risk weighted assets $35,435
Total unused commitments $299,376
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $34,502
Net interest income $17,759
Provision for loan and lease losses $16,743
Total noninterest income $452
Fiduciary activities $2,767
Service charges on deposit accounts $0
Trading account gains & fees $780
Additional noninterest income $0
Total noninterest expense $1,987
Salaries and employee benefits $14,285
Premises and equipment expense $6,940
Additional noninterest expense $2,795
Pre-tax net operating income $4,550
Securities gains (losses) $4,773
Applicable income taxes $623
Income before extraordinary items -$408
Extraordinary gains - net $5,804
Net income attributable to bank $0
Net charge-offs $5,804
Cash dividends $5,140
Sale, conversion, retirement of capital stock, net $0
Net operating income $7,000
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.53%
Net interest margin 3.87%
Noninterest income to earning assets 3.65%
Noninterest expense to earning assets 0.60%
Net operating income to assets 3.12%
Return on assets (ROA) 1.05%
Pretax return on assets 1.18%
Return on equity (ROE) 1.10%
Retained earnings to average equity (YTD only) 19.24%
Net charge-offs to loans 19.24%
Credit loss provision to net charge-offs 2.31%
Efficiency ratio8.79%
Assets per employee$73,214
Cash dividends to net income (YTD only)3.27%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.01%
Noncurrent assets plus other real estate owned to assets 358.29%
Noncurrent loans to loans 0.44%
Net loans and leases to deposits0.56%
Net loans and leases to core deposits 48.07%
Equity capital to assets 64.36%
Core capital (leverage) ratio 6.97%
Tier 1 risk-based capital ratio 7.30%
Total risk-based capital ratio 11.84%
Memoranda
Average assets$13
Average earning assets$491,330
Average equity $30,165
Average loans $458,474
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