FDIC Certificate #: 34905 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Doral Bank (#32102) Federal Reserve ID: 2851626 Date Established: October 04, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 8 (Interstate: No) OTS Docket #: 15365 FDIC's unique #: 61968 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 04, 1999 Last Structure Change Effective Date: October 01, 2011 Last Structure Change Process Date: October 14, 2011 Last Data Update: October 14, 2011 Data Source Date: April 05, 2012
Location
Address: 623 Fifth Avenue, New York, NY 10022 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)
Financial Summary
Total assets: $209.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
55Total employees (full-time equivalent)
$219,698Total assets
$91,552Cash and due from depository institutions
$90,669Interest-bearing balances
$10,237Securities
$0Federal funds sold & reverse repurchase agreements
$107,576Net loans & leases
$474Loan loss allowance
$0Trading account assets
$5,706Bank premises and fixed assets
$650Other real estate owned
$20Goodwill and other intangibles
$0Life insurance assets
$3,957All other assets
$219,698Total liabilities and capital
$203,867Total liabilities
$196,374Total deposits
$185,929Interest-bearing deposits
$196,374Deposits held in domestic offices
80.33%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$493All other liabilities
$15,831Total equity capital
$15,831Total bank equity capital
$15,831Perpetual preferred stock
$0Common stock
$0Surplus
$14,053Undivided profits
Memoranda
$1,778Noncurrent loans and leases
$7,461Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,640Earning assets
$0Long-term assets (5+ years)
$512Average Assets, year-to-date
$208,482Average Assets, quarterly
$0Volatile liabilities
$147,031Insider loans
$195,356FHLB advances
$79,531Loans and leases held for sale
$0Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,461Total unused commitments
$12,976Restructured Loans and leases
$474Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,858Total interest income
$2,134Total interest expense
$3,724Net interest income
$976Provision for loan and lease losses
$2,547Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,547Additional noninterest income
$5,023Total noninterest expense
$2,637Salaries and employee benefits
$1,096Premises and equipment expense
$1,290Additional noninterest expense
$272Pre-tax net operating income
$0Securities gains (losses)
$204Applicable income taxes
$68Income before extraordinary items
$0Extraordinary gains - net
$68Net income attributable to bank
$0Net charge-offs
$68Cash dividends
$796Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.18%Yield on earning assets
1.52%Cost of funding earning assets
2.66%Net interest margin
1.82%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
0.05%Net operating income to assets
0.05%Return on assets (ROA)
0.18%Pretax return on assets
0.43%Return on equity (ROE)
0.43%Retained earnings to average equity (YTD only)
0.85%Net charge-offs to loans
122.61%Credit loss provision to net charge-offs
1.57%Efficiency ratio
80,003Assets per employee
3.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.44%Loss allowance to noncurrent loans
13.02%Noncurrent assets plus other real estate owned to assets
1.95%Noncurrent loans to loans
3.37%Net loans and leases to deposits
54.78%Net loans and leases to core deposits
86.86%Equity capital to assets
7.21%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
10.66%Total risk-based capital ratio
Memoranda
$11Average assets
$147,031Average earning assets
$15,871Average equity
$140,010Average loans
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