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


Country Bank - Overview

  • General
  • FDIC Certificate #: 27226
    Status: Active
    Federal Reserve ID: 1191482
    Bank Holding Company (Regulatory Top Holder): Country Bank Holding Company, Inc. (RSSDID: 3200230, Location: New York, NY)
    Date Established: April 21, 1988
    WWW: http://www.countrybnk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12007
    FDIC's unique #: 39160
    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: April 21, 1988
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: October 20, 2011
    Last Data Update: October 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 655 Third Avenue, 9th Floor, New York, NY 10017
    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 Location
  • Financial Summary
  • Total assets: $468.2 mil
    Equity capital: $35.5 mil
    Deposits held in domestic offices: $411.4 mil
    Return on assets (ROA): 0.66% ($3.1 mil)
    Quarterly return on assets: 0.69% ($3.2 mil)
    Return on Equity (ROE): 8.55% ($3.1 mil)
    Quarterly return on equity: 9.21% ($3.3 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.94% ($4,401.1 mil)
    Quarterly Pretax return on assets: 0.91% ($4,260.6 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
  • 52Total employees (full-time equivalent)
  • $468,203Total assets
  • $44,875Cash and due from depository institutions
  • $41,333Interest-bearing balances
  • $101,752Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $306,647Net loans & leases
  • $6,020Loan loss allowance
  • $0Trading account assets
  • $699Bank premises and fixed assets
  • $4,169Other real estate owned
  • $166Goodwill and other intangibles
  • $468,202Life insurance assets
  • $9,895All other assets
  • $432,670Total liabilities and capital
  • $411,357Total liabilities
  • $329,657Total deposits
  • $411,357Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 19000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,313Subordinated debt
  • $35,532All other liabilities
  • $35,532Total equity capital
  • $35,532Total bank equity capital
  • $0Perpetual preferred stock
  • $4,614Common stock
  • $12,545Surplus
  • $18,373Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,127Income earned, not collected on loans
  • $0Earning assets
  • $2,297Long-term assets (5+ years)
  • $449,732Average Assets, year-to-date
  • $124,517Average Assets, quarterly
  • $457,404Volatile liabilities
  • $464,183Insider loans
  • $317,637FHLB advances
  • $467,061Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,773Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,005Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,841Total interest income
  • $9,244Total interest expense
  • $15,597Net interest income
  • $3,200Provision for loan and lease losses
  • $528Total noninterest income
  • $0Fiduciary activities
  • $438Service charges on deposit accounts
  • $0Trading account gains & fees
  • $90Additional noninterest income
  • $12,366Total noninterest expense
  • $5,842Salaries and employee benefits
  • $1,672Premises and equipment expense
  • $4,852Additional noninterest expense
  • $559Pre-tax net operating income
  • $3,747Securities gains (losses)
  • $1,286Applicable income taxes
  • $3,020Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,020Net income attributable to bank
  • $0Net charge-offs
  • $3,020Cash dividends
  • $814Sale, conversion, retirement of capital stock, net
  • $2,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 8.55%Return on equity (ROE)
  • 2.18%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 393.12%Credit loss provision to net charge-offs
  • 4.62%Efficiency ratio
  • 76,688Assets per employee
  • 9.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.50%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 39.80%Noncurrent assets plus other real estate owned to assets
  • 4.12%Noncurrent loans to loans
  • 4.84%Net loans and leases to deposits
  • 74.55%Net loans and leases to core deposits
  • 93.52%Equity capital to assets
  • 7.59%Core capital (leverage) ratio
  • 7.66%Tier 1 risk-based capital ratio
  • 11.26%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $457,404Average earning assets
  • $35,331Average equity
  • $437,442Average loans

List of branches

  • 5 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039160Country Bank655 Third Avenue, 9th Floor, New York, NY 10017April 21, 1988Full Service Brick and Mortar
    1261418583 West 235th Street Branch583 West 235th Street, Bronx, NY 10463March 07, 1996Full Service Brick and Mortar
    22614194349 Katonah Avenue Branch4349 Katonah Avenue, Bronx, NY 10470June 18, 1994Full Service Brick and Mortar
    3261420Scarsdale Branch80 Garth Road, Scarsdale, NY 10583April 05, 1997Full Service Brick and Mortar
    6365221902 Second Ave Branch902 Second Ave., New York, NY 10017November 19, 2001Full Service Brick and Mortar

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