Cross County Savings Bank in Middle Village, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Cross County Savings Bank in Middle Village, New York (NY)
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Cross County Savings Bank - Overview

  • General
  • FDIC Certificate #: 30260
    Status: Active
    Federal Reserve ID: 1007873
    Date Established: January 01, 1888
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 5066
    FDIC's unique #: 43094
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: October 26, 1950
    Last Structure Change Effective Date: March 23, 2012
    Last Structure Change Process Date: March 30, 2012
    Last Data Update: March 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 79-21 Metropolitan Avenue, Middle Village, NY 11379
    County: Queens
    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
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $411.7 mil
    Equity capital: $35.7 mil
    Deposits held in domestic offices: $374.0 mil
    Return on assets (ROA): 0.51% ($2.1 mil)
    Quarterly return on assets: 0.54% ($2.2 mil)
    Return on Equity (ROE): 6.14% ($2.2 mil)
    Quarterly return on equity: 6.29% ($2.3 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.85% ($3,499.1 mil)
    Quarterly Pretax return on assets: 0.89% ($3,663.7 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
  • 76Total employees (full-time equivalent)
  • $411,653Total assets
  • $62,681Cash and due from depository institutions
  • $43,021Interest-bearing balances
  • $100,770Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $230,773Net loans & leases
  • $1,668Loan loss allowance
  • $0Trading account assets
  • $6,689Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $411,654Life insurance assets
  • $10,740All other assets
  • $375,884Total liabilities and capital
  • $373,990Total liabilities
  • $350,060Total deposits
  • $373,990Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,894Subordinated debt
  • $35,770All other liabilities
  • $35,710Total equity capital
  • $35,710Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $35,710Undivided profits
  • Memoranda
  • $60Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,722Income earned, not collected on loans
  • $0Earning assets
  • $1,362Long-term assets (5+ years)
  • $374,564Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $414,507Volatile liabilities
  • $411,080Insider loans
  • $202,552FHLB advances
  • $409,853Loans and leases held for sale
  • $6,073Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,780Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,542Restructured Loans and leases
  • $1,689Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,934Total interest income
  • $3,319Total interest expense
  • $13,615Net interest income
  • $380Provision for loan and lease losses
  • $1,409Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,383Additional noninterest income
  • $11,116Total noninterest expense
  • $6,149Salaries and employee benefits
  • $2,362Premises and equipment expense
  • $2,605Additional noninterest expense
  • $3,528Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,425Applicable income taxes
  • $2,103Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,103Net income attributable to bank
  • $0Net charge-offs
  • $2,103Cash dividends
  • $145Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 6.14%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 262.07%Credit loss provision to net charge-offs
  • 26.95%Efficiency ratio
  • 73,988Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 35.32%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 61.71%Net loans and leases to core deposits
  • 65.60%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 17.17%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $414,507Average earning assets
  • $34,254Average equity
  • $383,081Average loans

List of branches

  • 7 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043094Cross County Savings Bank79-21 Metropolitan Avenue, Middle Village, NY 11379January 01, 1888Full Service Brick and Mortar
    1279402Kings Branch731 Metropolitan Ave., Brooklyn, NY 11211January 01, 1888Full Service Brick and Mortar
    2279403Maspeth Branch60-20 Fresh Pond Road, Maspeth, NY 11378January 01, 1888Full Service Brick and Mortar
    4427149Bedford Branch175 Bedford Avenue, Brooklyn, NY 11211June 04, 2003Full Service Brick and Mortar
    5427150Eliot Branch80-10 Eliot Avenue, Middle Village, NY 11379December 11, 1967Full Service Brick and Mortar
    6427151Belle Harbor Branch455 Beach 129th Street, Belle Harbor, NY 11694September 15, 1997Full Service Brick and Mortar
    7522165Van Nest Branch791 Morris Park Ave, Bronx, NY 10462June 06, 2011Full Service Brick and Mortar

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