Golden City Commercial Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 1999

  • Golden City Commercial Bank in New York, New York (NY)
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Golden City Commercial Bank - Overview

  • General
  • FDIC Certificate #: 26748
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Cathay Bank (#18503)
    Federal Reserve ID: 236818
    Date Established: August 18, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 35864
    Numeric code: 21
    Regulator: FDIC
    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: August 18, 1986
    Last Structure Change Effective Date: December 10, 1999
    Last Structure Change Process Date: December 14, 1999
    Last Data Update: December 14, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 40-14/16 Main Street, New York, NY 10044
    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 Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $87.2 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
  • 51Total employees (full-time equivalent)
  • $82,974Total assets
  • $2,055Cash and due from depository institutions
  • $4Interest-bearing balances
  • $20,186Securities
  • $24,770Federal funds sold & reverse repurchase agreements
  • $32,893Net loans & leases
  • $1,182Loan loss allowance
  • $0Trading account assets
  • $2,351Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $719All other assets
  • $82,974Total liabilities and capital
  • $76,796Total liabilities
  • $75,670Total deposits
  • $67,393Interest-bearing deposits
  • $75,670Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,126All other liabilities
  • $6,178Total equity capital
  • $6,178Total bank equity capital
  • $6,178Perpetual preferred stock
  • $0Common stock
  • $3,590Surplus
  • $4,210Undivided profits
  • Memoranda
  • $-1,622Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $677Earning assets
  • $0Long-term assets (5+ years)
  • $290Average Assets, year-to-date
  • $77,853Average Assets, quarterly
  • $4,915Volatile liabilities
  • $77,750Insider loans
  • $82,031FHLB advances
  • $2,776Loans and leases held for sale
  • $83Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,462Total unused commitments
  • $0Restructured Loans and leases
  • $39,793Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,507Total interest income
  • $2,058Total interest expense
  • $3,449Net interest income
  • $332Provision for loan and lease losses
  • $886Total noninterest income
  • $0Fiduciary activities
  • $144Service charges on deposit accounts
  • $0Trading account gains & fees
  • $742Additional noninterest income
  • $3,921Total noninterest expense
  • $2,077Salaries and employee benefits
  • $1,003Premises and equipment expense
  • $841Additional noninterest expense
  • $82Pre-tax net operating income
  • $0Securities gains (losses)
  • $149Applicable income taxes
  • -$67Income before extraordinary items
  • $0Extraordinary gains - net
  • -$67Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $575Sale, conversion, retirement of capital stock, net
  • $65Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.56%Yield on earning assets
  • 2.83%Cost of funding earning assets
  • 4.73%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 5.38%Noninterest expense to earning assets
  • -0.09%Net operating income to assets
  • -0.09%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • -1.07%Return on equity (ROE)
  • -2.10%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 57.74%Credit loss provision to net charge-offs
  • 0.72%Efficiency ratio
  • 90,450Assets per employee
  • 1.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -97.01%Loss allowance to loans
  • 3.47%Loss allowance to noncurrent loans
  • 174.59%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 43.47%Net loans and leases to core deposits
  • 45.12%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 7.51%Tier 1 risk-based capital ratio
  • 15.53%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $77,750Average earning assets
  • $6,283Average equity
  • $72,847Average loans

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