Community National Bank in Great Neck, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Community National Bank in Great Neck, New York (NY)
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Community National Bank - Overview

  • General
  • FDIC Certificate #: 57828
    Status: Active
    Federal Reserve ID: 3345168
    Date Established: April 05, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 427032
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 05, 2005
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Middle Neck Road, Great Neck, NY 11022
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $531.8 mil
    Equity capital: $68.4 mil
    Deposits held in domestic offices: $425.3 mil
    Return on assets (ROA): 0.46% ($2.4 mil)
    Quarterly return on assets: 0.35% ($1.9 mil)
    Return on Equity (ROE): 3.48% ($2.4 mil)
    Quarterly return on equity: 2.63% ($1.8 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.71% ($3,775.8 mil)
    Quarterly Pretax return on assets: 0.47% ($2,499.5 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
  • 88Total employees (full-time equivalent)
  • $531,808Total assets
  • $13,290Cash and due from depository institutions
  • $6,531Interest-bearing balances
  • $90,516Securities
  • $172Federal funds sold & reverse repurchase agreements
  • $390,996Net loans & leases
  • $4,759Loan loss allowance
  • $0Trading account assets
  • $8,722Bank premises and fixed assets
  • $623Other real estate owned
  • $710Goodwill and other intangibles
  • $531,808Life insurance assets
  • $26,779All other assets
  • $463,425Total liabilities and capital
  • $425,252Total liabilities
  • $330,721Total deposits
  • $425,252Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,974Trading liabilities
  • $0Other borrowed funds
  • $3,199Subordinated debt
  • $68,383All other liabilities
  • $68,383Total equity capital
  • $68,383Total bank equity capital
  • $0Perpetual preferred stock
  • $33,366Common stock
  • $33,872Surplus
  • $1,145Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,274Income earned, not collected on loans
  • $0Earning assets
  • $1,730Long-term assets (5+ years)
  • $488,215Average Assets, year-to-date
  • $118,691Average Assets, quarterly
  • $501,416Volatile liabilities
  • $516,987Insider loans
  • $375,467FHLB advances
  • $515,221Loans and leases held for sale
  • $15,872Unused loan commitments
  • $5,815Tier 1 (core) risk-based capital
  • $65,688Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,057Total unused commitments
  • $112,676Restructured Loans and leases
  • $14,200Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,868Total interest income
  • $5,015Total interest expense
  • $16,853Net interest income
  • $2,628Provision for loan and lease losses
  • $4,249Total noninterest income
  • $0Fiduciary activities
  • $327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,922Additional noninterest income
  • $15,060Total noninterest expense
  • $7,407Salaries and employee benefits
  • $3,900Premises and equipment expense
  • $3,753Additional noninterest expense
  • $3,414Pre-tax net operating income
  • $131Securities gains (losses)
  • $1,229Applicable income taxes
  • $2,316Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,316Net income attributable to bank
  • $0Net charge-offs
  • $2,316Cash dividends
  • $1,826Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 143.92%Credit loss provision to net charge-offs
  • 3.31%Efficiency ratio
  • 71,368Assets per employee
  • 6.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 373.55%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 91.94%Net loans and leases to core deposits
  • 99.12%Equity capital to assets
  • 12.86%Core capital (leverage) ratio
  • 12.75%Tier 1 risk-based capital ratio
  • 17.50%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $501,416Average earning assets
  • $66,625Average equity
  • $461,667Average loans

List of branches

  • 9 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0427032Community National Bank200 Middle Neck Road, Great Neck, NY 11022April 05, 2005Full Service Brick and Mortar
    1443018Great Neck Branch200 Middle Neck Rd, Great Neck, NY 11021June 30, 2005Full Service Brick and Mortar
    2451955Garden City Branch1055 Franklin Avenue, Garden City, NY 11530April 05, 2006Full Service Brick and Mortar
    3468158Woodbury Office8191 Jericho Turnpike, Woodbury, NY 11797August 27, 2007Full Service Brick and Mortar
    4475472Huntington Office Branch337 Main Street, Huntington, NY 11743April 02, 2008Full Service Brick and Mortar
    5475493Oceanside Office Branch3121 Long Beach Road, Oceanside, NY 11572January 21, 2008Full Service Brick and Mortar
    6478356New Hyde Park Branch799 Hillside Avenue, New Hyde Park, NY 11040May 19, 2008Full Service Brick and Mortar
    7493770Rockville Centre Branch333 Merrick Road, Rockville Centre, NY 11570March 19, 2009Full Service Brick and Mortar
    8522221Bayside Branch43-01 Bell Blvd, Bayside, NY 11361May 11, 2011Full Service Brick and Mortar

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