Financial Federal Savings Bank in Long Island City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 22, 1999

  • Financial Federal Savings Bank in Long Island City, New York (NY)
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Financial Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30335
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Dime Svgs. Bank of Williamsburgh (#16012)
    Federal Reserve ID: 119470
    Date Established: December 26, 1947
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5182
    FDIC's unique #: 43169
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: December 26, 1947
    Last Structure Change Effective Date: January 22, 1999
    Last Structure Change Process Date: March 18, 1999
    Last Data Update: March 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 42-25 Queens Blvd, Long Island City, NY 11104
    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)
  • Financial Summary
  • Total assets: $311.3 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, 1998)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $311,285Total assets
  • $2,980Cash and due from depository institutions
  • $0Interest-bearing balances
  • $87,122Securities
  • $22,825Federal funds sold & reverse repurchase agreements
  • $189,885Net loans & leases
  • $1,151Loan loss allowance
  • $0Trading account assets
  • $2,505Bank premises and fixed assets
  • $302Other real estate owned
  • $105Goodwill and other intangibles
  • $0Life insurance assets
  • $5,561All other assets
  • $311,285Total liabilities and capital
  • $284,291Total liabilities
  • $233,633Total deposits
  • $216,837Interest-bearing deposits
  • $233,633Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $33,831Other borrowed funds
  • $0Subordinated debt
  • $6,827All other liabilities
  • $26,994Total equity capital
  • $26,994Total bank equity capital
  • $26,994Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $10,688Undivided profits
  • Memoranda
  • $16,305Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,673Earning assets
  • $0Long-term assets (5+ years)
  • $933Average Assets, year-to-date
  • $299,832Average Assets, quarterly
  • $0Volatile liabilities
  • $317,387Insider loans
  • $314,180FHLB advances
  • $66,773Loans and leases held for sale
  • $0Unused loan commitments
  • $32,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,309Total unused commitments
  • $0Restructured Loans and leases
  • $136,322Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $21,999Total interest income
  • $11,521Total interest expense
  • $10,478Net interest income
  • $374Provision for loan and lease losses
  • $1,315Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,315Additional noninterest income
  • $6,341Total noninterest expense
  • $3,325Salaries and employee benefits
  • $1,604Premises and equipment expense
  • $1,412Additional noninterest expense
  • $5,078Pre-tax net operating income
  • $160Securities gains (losses)
  • $2,211Applicable income taxes
  • $3,027Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,027Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $409Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.26%Yield on earning assets
  • 3.80%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 11.96%Return on equity (ROE)
  • 11.96%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 91.44%Credit loss provision to net charge-offs
  • 13.33%Efficiency ratio
  • 53,625Assets per employee
  • 5.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 68.80%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 81.27%Net loans and leases to core deposits
  • 90.12%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.68%Tier 1 risk-based capital ratio
  • 19.81%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $317,387Average earning assets
  • $25,300Average equity
  • $302,832Average loans

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