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

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

  • General
  • FDIC Certificate #: 32209
    Status: Active
    Federal Reserve ID: 562076
    Date Established: April 27, 1984
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 8003
    FDIC's unique #: 45043
    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: April 27, 1984
    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: 107-109 Bowery, New York, NY 10002
    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: $161.4 mil
    Equity capital: $30.5 mil
    Deposits held in domestic offices: $130.0 mil
    Return on assets (ROA): 1.25% ($2.0 mil)
    Quarterly return on assets: 1.01% ($1.6 mil)
    Return on Equity (ROE): 6.80% ($2.0 mil)
    Quarterly return on equity: 5.40% ($1.6 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.28% ($3,679.5 mil)
    Quarterly Pretax return on assets: 1.84% ($2,969.4 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
  • 42Total employees (full-time equivalent)
  • $161,380Total assets
  • $29,594Cash and due from depository institutions
  • $27,237Interest-bearing balances
  • $782Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,234Net loans & leases
  • $1,620Loan loss allowance
  • $0Trading account assets
  • $1,026Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $161,380Life insurance assets
  • $3,744All other assets
  • $130,929Total liabilities and capital
  • $130,008Total liabilities
  • $119,110Total deposits
  • $130,008Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $921Subordinated debt
  • $30,451All other liabilities
  • $30,451Total equity capital
  • $30,451Total bank equity capital
  • $0Perpetual preferred stock
  • $1,840Common stock
  • $400Surplus
  • $28,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,509Income earned, not collected on loans
  • $0Earning assets
  • $1,051Long-term assets (5+ years)
  • $154,253Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $162,537Volatile liabilities
  • $162,046Insider loans
  • $120,759FHLB advances
  • $161,380Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,451Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,713Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,839Total interest income
  • $1,098Total interest expense
  • $9,741Net interest income
  • $640Provision for loan and lease losses
  • $79Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $5,469Total noninterest expense
  • $3,027Salaries and employee benefits
  • $1,548Premises and equipment expense
  • $894Additional noninterest expense
  • $3,711Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,676Applicable income taxes
  • $2,035Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,035Net income attributable to bank
  • $0Net charge-offs
  • $2,035Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $1,023Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.95%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 6.24%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 2.28%Pretax return on assets
  • 6.80%Return on equity (ROE)
  • 3.38%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
  • 55,692Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.27%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 17.04%Noncurrent assets plus other real estate owned to assets
  • 5.89%Noncurrent loans to loans
  • 7.44%Net loans and leases to deposits
  • 97.10%Net loans and leases to core deposits
  • 98.87%Equity capital to assets
  • 18.87%Core capital (leverage) ratio
  • 18.87%Tier 1 risk-based capital ratio
  • 25.22%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $162,537Average earning assets
  • $29,945Average equity
  • $156,008Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045043Chinatown Federal Savings Bank107-109 Bowery, New York, NY 10002April 27, 1984Full Service Brick and Mortar
    1464166Canal Street Branch172 Canal Street, New York, NY 10013October 22, 2001Full Service Brick and Mortar
    24958348thavenue Branch5512 8th Ave, Brooklyn, NY 11220January 11, 2007Full Service Brick and Mortar

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