European American Bank in New York City, New York (NY)



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European American Bank
GeneralFDIC Certificate #: 19882
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citibank, National Association (#7213)
Federal Reserve ID: 736309
Date Established: January 02, 1953
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 99 (Interstate: No)
FDIC's unique #: 13669
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 02, 1968
Last Structure Change Effective Date: July 17, 2001
Last Structure Change Process Date: July 31, 2001
Last Data Update: July 31, 2001
Data Source Date: April 05, 2012
LocationAddress: 120 Broadway, New York City, NY 10271
County: New York
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Chicago
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 SummaryTotal assets: $14,970.7 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)2,210
Total assets$15,426,819
Cash and due from depository institutions$538,280
Interest-bearing balances$600
Securities$5,596,873
Federal funds sold & reverse repurchase agreements$109,175
Net loans & leases$8,402,119
Loan loss allowance $115,239
Trading account assets$2,124
Bank premises and fixed assets$69,706
Other real estate owned$1,367
Goodwill and other intangibles$146,127
All other assets$561,048
Life insurance assets$0
Total liabilities and capital$15,426,819
Total liabilities$14,451,877
Total deposits$11,486,269
Interest-bearing deposits$9,291,177
Deposits held in domestic offices$11,027,592
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $615,670
Trading liabilities$2,109
Other borrowed funds $2,026,066
Subordinated debt $0
All other liabilities $321,763
Total equity capital$974,942
Total bank equity capital$974,942
Perpetual preferred stock$974,942
Common stock$350,000
Surplus$99,000
Undivided profits $337,623
Memoranda
Noncurrent loans and leases $188,319
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,926,842
Income earned, not collected on loans $0
Earning assets $82,988
Long-term assets (5+ years) $0
Average Assets, year-to-date $34,775
Average Assets, quarterly $14,108,767
Volatile liabilities $5,896,114
Insider loans $15,131,588
FHLB advances $15,405,421
Loans and leases held for sale $6,709,295
Unused loan commitments $3,710
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,491,310
Total risk weighted assets $329,000
Total unused commitments $1,926,842
Restructured Loans and leases $0
Derivatives$115,239
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $1,128,041
Total interest expense $646,998
Net interest income $481,043
Provision for loan and lease losses $34,500
Total noninterest income $106,474
Fiduciary activities $0
Service charges on deposit accounts $49,799
Trading account gains & fees $133
Additional noninterest income $56,542
Total noninterest expense $355,963
Salaries and employee benefits $131,883
Premises and equipment expense $46,189
Additional noninterest expense $177,891
Pre-tax net operating income $197,054
Securities gains (losses) $1,259
Applicable income taxes $55,158
Income before extraordinary items $143,155
Extraordinary gains - net $0
Net income attributable to bank $143,155
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $37,131
Net operating income $20,780
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.11%
Cost of funding earning assets 4.65%
Net interest margin 3.46%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 2.56%
Net operating income to assets 0.94%
Return on assets (ROA) 0.95%
Pretax return on assets 1.31%
Return on equity (ROE) 15.53%
Retained earnings to average equity (YTD only) 13.27%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 92.92%
Efficiency ratio6.24%
Assets per employee$59,385
Cash dividends to net income (YTD only)6.98%
Condition Ratios (%)
Loss allowance to loans 14.52%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 138.86%
Noncurrent loans to loans 0.55%
Net loans and leases to deposits0.97%
Net loans and leases to core deposits 73.15%
Equity capital to assets 115.15%
Core capital (leverage) ratio 6.32%
Tier 1 risk-based capital ratio 5.96%
Total risk-based capital ratio 9.76%
Memoranda
Average assets$11
Average earning assets$15,131,588
Average equity $922,008
Average loans $13,906,666
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User Contributions:

Charlotte Rooney-Norris
Report this comment as inappropriate
Aug 19, 2012 @ 10:10 am
Hello,
My children are very interested in our family history and wanted to know about their great grandfather Burton Mitchell
(from Greenlawn, Long Island) . I gather he worked for your bank many years ago in the role as vice president. As we live in England I thought you were our best starting point. Can you confirm that he did work for you and hold this position.
Regards
Charlotte Rooney-Norris ( Granddaughter of Burton Mitchell )

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