Emigrant Savings Bank - Brooklyn/Queens in Brooklyn, New York (NY)



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Emigrant Savings Bank - Brooklyn/Queens
GeneralFDIC Certificate #: 58169
Status: Active
Federal Reserve ID: 3363939
Bank Holding Company (Regulatory Top Holder): New York Private Bank & Trust Corporation (RSSDID: 3212091, Location: New York, NY)
Date Established: September 01, 2005
WWW: http://www.emigrant.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 441099
Numeric code: 41
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: Mortgage Lending Specialization
Date of Deposit Insurance: September 01, 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
LocationAddress: 1954 Flatbush Avenue, Brooklyn, NY 11234
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $793.1 mil
Equity capital: $59.6 mil
Deposits held in domestic offices: $709.7 mil
Return on assets (ROA): 0.15% ($1.2 mil)
Quarterly return on assets: 0.25% ($2.0 mil)
Return on Equity (ROE): 1.94% ($1.2 mil)
Quarterly return on equity: 3.34% ($2.0 mil)
Net income: $1.2 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.23% ($1,824.2 mil)
Quarterly Pretax return on assets: 0.41% ($3,251.8 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)
Total employees (full-time equivalent)70
Total assets$793,126
Cash and due from depository institutions$17,704
Interest-bearing balances$0
Securities$395,199
Federal funds sold & reverse repurchase agreements$100,000
Net loans & leases$270,522
Loan loss allowance $3,315
Trading account assets$0
Bank premises and fixed assets$1,400
Other real estate owned$2,944
Goodwill and other intangibles$0
All other assets$5,357
Life insurance assets$793,126
Total liabilities and capital$733,519
Total liabilities$709,688
Total deposits$669,006
Interest-bearing deposits$709,688
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,260
Other borrowed funds $0
Subordinated debt $22,571
All other liabilities $59,607
Total equity capital$59,607
Total bank equity capital$59,607
Perpetual preferred stock$0
Common stock$16,000
Surplus$49,833
Undivided profits $-6,226
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $58,645
Earning assets $0
Long-term assets (5+ years) $2,057
Average Assets, year-to-date $765,721
Average Assets, quarterly $25,203
Volatile liabilities $799,856
Insider loans $795,991
FHLB advances $247,375
Loans and leases held for sale $787,387
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $62,733
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,122
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $26,604
Total interest expense $9,474
Net interest income $17,130
Provision for loan and lease losses $3,241
Total noninterest income $818
Fiduciary activities $0
Service charges on deposit accounts $361
Trading account gains & fees $0
Additional noninterest income $457
Total noninterest expense $13,202
Salaries and employee benefits $4,252
Premises and equipment expense $2,340
Additional noninterest expense $6,610
Pre-tax net operating income $1,505
Securities gains (losses) $338
Applicable income taxes $655
Income before extraordinary items $1,188
Extraordinary gains - net $0
Net income attributable to bank $1,188
Net charge-offs $0
Cash dividends $1,188
Sale, conversion, retirement of capital stock, net $2,297
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.44%
Cost of funding earning assets 1.22%
Net interest margin 2.21%
Noninterest income to earning assets 0.11%
Noninterest expense to earning assets 1.71%
Net operating income to assets 0.12%
Return on assets (ROA) 0.15%
Pretax return on assets 0.23%
Return on equity (ROE) 1.94%
Retained earnings to average equity (YTD only) 1.94%
Net charge-offs to loans 0.79%
Credit loss provision to net charge-offs 141.10%
Efficiency ratio2.07%
Assets per employee$73,557
Cash dividends to net income (YTD only)11.33%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 5.65%
Noncurrent loans to loans 7.77%
Net loans and leases to deposits21.42%
Net loans and leases to core deposits 38.12%
Equity capital to assets 38.48%
Core capital (leverage) ratio 7.52%
Tier 1 risk-based capital ratio 7.97%
Total risk-based capital ratio 25.36%
Memoranda
Average assets$27
Average earning assets$799,856
Average equity $61,243
Average loans $774,165
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6 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0441099Emigrant Savings Bank - Brooklyn/Que1954 Flatbush Avenue, Brooklyn, NY 11234September 01, 2005Full Service Brick and Mortar
1226274Jamaica Branch168-42 Hillside Avenue, New York City, NY 11432March 30, 1970Full Service Brick and Mortar
3226280Elmhurst Branch91-31 Queens Boulevard, New York City, NY 11373September 25, 1973Full Service Brick and Mortar
5236803Clinton Hill Branch418 Myrtle Avenue, New York City, NY 11205December 16, 1955Full Service Brick and Mortar
6236294Midwood Branch1617 Avenue M, New York City, NY 11230Febuary 03, 1975Full Service Brick and Mortar
7237098Forest Hills Branch102-35 Queens Boulevard, New York City, NY 11375November 19, 1969Full Service Brick and Mortar
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