Empire State Bank in Newburgh, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Empire State Bank - Overview

  • General
  • FDIC Certificate #: 57672
    Status: Active
    Federal Reserve ID: 3277241
    Bank Holding Company (Regulatory Top Holder): Es Bancshares, Inc (RSSDID: 3439610, Location: Newburgh, NY)
    Date Established: June 28, 2004
    WWW: http://www.esbna.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 419378
    Numeric code: 13
    Regulator: FED
    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: June 28, 2004
    Last Structure Change Effective Date: March 09, 2009
    Last Structure Change Process Date: March 26, 2009
    Last Data Update: March 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 68 North Plank Road, Newburgh, NY 12550
    County: Orange
    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): Newburgh, NY-PA (#5660)
    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): Poughkeepsie-Newburgh-Middletown, NY (#39100)
    CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
  • History of Changes
  • Change in Primary Regulatory Agency
    Name Change
    Change in Chartering Agent
  • Financial Summary
  • Total assets: $161.3 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $139.8 mil
    Return on assets (ROA): 0.35% ($0.6 mil)
    Quarterly return on assets: 0.20% ($0.3 mil)
    Return on Equity (ROE): 4.02% ($0.6 mil)
    Quarterly return on equity: 2.27% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.36% ($580.6 mil)
    Quarterly Pretax return on assets: 0.10% ($161.3 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
  • 37Total employees (full-time equivalent)
  • $161,279Total assets
  • $8,682Cash and due from depository institutions
  • $6,483Interest-bearing balances
  • $18,756Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $127,706Net loans & leases
  • $1,956Loan loss allowance
  • $0Trading account assets
  • $2,032Bank premises and fixed assets
  • $1,241Other real estate owned
  • $619Goodwill and other intangibles
  • $161,279Life insurance assets
  • $2,243All other assets
  • $147,000Total liabilities and capital
  • $139,802Total liabilities
  • $119,660Total deposits
  • $139,802Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,504Trading liabilities
  • $0Other borrowed funds
  • $694Subordinated debt
  • $14,279All other liabilities
  • $14,279Total equity capital
  • $14,279Total bank equity capital
  • $0Perpetual preferred stock
  • $8,596Common stock
  • $13,487Surplus
  • $-7,804Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,709Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,506Income earned, not collected on loans
  • $0Earning assets
  • $582Long-term assets (5+ years)
  • $152,945Average Assets, year-to-date
  • $52,494Average Assets, quarterly
  • $161,742Volatile liabilities
  • $162,196Insider loans
  • $115,128FHLB advances
  • $163,822Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,528Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,624Restructured Loans and leases
  • $5,131Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,543Total interest income
  • $2,161Total interest expense
  • $5,382Net interest income
  • $520Provision for loan and lease losses
  • $1,293Total noninterest income
  • $0Fiduciary activities
  • $454Service charges on deposit accounts
  • $0Trading account gains & fees
  • $839Additional noninterest income
  • $5,644Total noninterest expense
  • $2,756Salaries and employee benefits
  • $703Premises and equipment expense
  • $2,185Additional noninterest expense
  • $511Pre-tax net operating income
  • $69Securities gains (losses)
  • $20Applicable income taxes
  • $560Income before extraordinary items
  • $0Extraordinary gains - net
  • $560Net income attributable to bank
  • $0Net charge-offs
  • $560Cash dividends
  • $581Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 4.02%Return on equity (ROE)
  • 4.02%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 89.50%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 84,554Assets per employee
  • 4.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 78.05%Noncurrent assets plus other real estate owned to assets
  • 2.32%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 91.35%Net loans and leases to core deposits
  • 96.20%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 11.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $161,742Average earning assets
  • $13,941Average equity
  • $154,881Average loans

List of branches

  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0419378Empire State Bank68 North Plank Road, Newburgh, NY 12550June 28, 2004Full Service Brick and Mortar
    1432287New Paltz Branch275 Main St., New Paltz, NY 12561September 07, 2004Full Service Brick and Mortar
    2439947Messenger Service BranchOrange/Ulster/dutchess Cts, Newburgh, NY 12550April 01, 2005Limited Service Messenger
    3470063Railroad Avenue Branch1361 N. Railroad Avenue, Staten Island, NY 10306November 13, 2007Full Service Brick and Mortar

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