Emigrant Savings Bank - Long Island in Westbury, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Emigrant Savings Bank - Long Island in Westbury, New York (NY)
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Emigrant Savings Bank - Long Island - Overview

  • General
  • FDIC Certificate #: 58167
    Status: Active
    Federal Reserve ID: 3363920
    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: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 441096
    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
  • Location
  • Address: 1000 Merchant Concourse, Westbury, NY 11590
    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: $549.9 mil
    Equity capital: $38.6 mil
    Deposits held in domestic offices: $490.3 mil
    Return on assets (ROA): 0.09% ($0.5 mil)
    Quarterly return on assets: -0.09% (-$0.5 mil)
    Return on Equity (ROE): 1.20% ($0.5 mil)
    Quarterly return on equity: -1.23% (-$0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.12% ($659.9 mil)
    Quarterly Pretax return on assets: -0.20% (-$1,099.9 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
  • 54Total employees (full-time equivalent)
  • $549,946Total assets
  • $14,868Cash and due from depository institutions
  • $0Interest-bearing balances
  • $190,363Securities
  • $115,000Federal funds sold & reverse repurchase agreements
  • $222,580Net loans & leases
  • $3,163Loan loss allowance
  • $0Trading account assets
  • $2,250Bank premises and fixed assets
  • $2,242Other real estate owned
  • $0Goodwill and other intangibles
  • $549,946Life insurance assets
  • $2,643All other assets
  • $511,335Total liabilities and capital
  • $490,284Total liabilities
  • $460,194Total deposits
  • $490,284Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $850Trading liabilities
  • $0Other borrowed funds
  • $20,201Subordinated debt
  • $38,611All other liabilities
  • $38,611Total equity capital
  • $38,611Total bank equity capital
  • $0Perpetual preferred stock
  • $11,000Common stock
  • $31,283Surplus
  • $-3,672Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $61,322Income earned, not collected on loans
  • $0Earning assets
  • $1,304Long-term assets (5+ years)
  • $527,943Average Assets, year-to-date
  • $10,890Average Assets, quarterly
  • $546,242Volatile liabilities
  • $547,941Insider loans
  • $200,928FHLB advances
  • $542,257Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,454Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $660Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,960Total interest income
  • $6,855Total interest expense
  • $12,105Net interest income
  • $2,314Provision for loan and lease losses
  • $441Total noninterest income
  • $0Fiduciary activities
  • $178Service charges on deposit accounts
  • $0Trading account gains & fees
  • $263Additional noninterest income
  • $9,793Total noninterest expense
  • $3,201Salaries and employee benefits
  • $1,534Premises and equipment expense
  • $5,058Additional noninterest expense
  • $439Pre-tax net operating income
  • $238Securities gains (losses)
  • $199Applicable income taxes
  • $478Income before extraordinary items
  • $0Extraordinary gains - net
  • $478Net income attributable to bank
  • $0Net charge-offs
  • $478Cash dividends
  • $1,389Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.63%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 2.32%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.87%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 1.20%Return on equity (ROE)
  • 1.20%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 166.59%Credit loss provision to net charge-offs
  • 1.98%Efficiency ratio
  • 78,057Assets per employee
  • 10.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 5.16%Noncurrent assets plus other real estate owned to assets
  • 11.56%Noncurrent loans to loans
  • 27.16%Net loans and leases to deposits
  • 45.40%Net loans and leases to core deposits
  • 46.39%Equity capital to assets
  • 7.02%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 20.13%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $546,242Average earning assets
  • $39,877Average equity
  • $522,871Average loans

List of branches

  • 7 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0441096Emigrant Savings Bank - Long Island1000 Merchant Concourse, Westbury, NY 11590September 01, 2005Full Service Brick and Mortar
    1226279Long Beach Branch280 East Park Avenue, Long Beach, NY 11561June 09, 1972Full Service Brick and Mortar
    2226284Huntington Branch153-169 Walt Whitman Road, Huntington Station, Huntington Station, NY 11746Febuary 20, 1976Full Service Brick and Mortar
    3236801Elmont Branch1693 Hempstead Turnpike, Elmont, NY 11003December 08, 1961Full Service Brick and Mortar
    4236804Locust Valley Branch200 Birch Hill Road, Locust Valley, NY 11560January 04, 1971Full Service Brick and Mortar
    5236292Sea Cliff Branch333 Glen Cove Avenue, Sea Cliff, NY 11579June 15, 1973Full Service Brick and Mortar
    6226286Plainedge Shopping Plaza BranchHempstead Turnpike And Route 107, Plainedge, NY 11714November 15, 1980Full Service Brick and Mortar

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