FDIC Certificate #: 34958 Status: Inactive Federal Reserve ID: 2814591 Date Established: June 01, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15358 FDIC's unique #: 62132 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 01, 1999 Last Structure Change Effective Date: March 31, 2011 Last Structure Change Process Date: May 03, 2011 Last Data Update: May 03, 2011 Data Source Date: April 05, 2012
Location
Address: 7 Hanover Square, New York, NY 10004 County: New York 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
Other Liquidations and Closings
Financial Summary
Total assets: $4.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
0Total employees (full-time equivalent)
$4,219Total assets
$721Cash and due from depository institutions
$181Interest-bearing balances
$3,477Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$21All other assets
$4,219Total liabilities and capital
$192Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$192All other liabilities
$4,027Total equity capital
$4,027Total bank equity capital
$4,027Perpetual preferred stock
$0Common stock
$1Surplus
$8,999Undivided profits
Memoranda
$-4,973Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$13Average Assets, year-to-date
$3,658Average Assets, quarterly
$0Volatile liabilities
$5,675Insider loans
$4,564FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$171Total interest income
$14Total interest expense
$157Net interest income
$0Provision for loan and lease losses
$320Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$320Additional noninterest income
$426Total noninterest expense
$962Salaries and employee benefits
$355Premises and equipment expense
-$891Additional noninterest expense
$51Pre-tax net operating income
$19Securities gains (losses)
$19Applicable income taxes
$51Income before extraordinary items
$0Extraordinary gains - net
$51Net income attributable to bank
$0Net charge-offs
$51Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.01%Yield on earning assets
0.33%Cost of funding earning assets
3.69%Net interest margin
7.51%Noninterest income to earning assets
10.00%Noninterest expense to earning assets
0.65%Net operating income to assets
0.90%Return on assets (ROA)
1.23%Pretax return on assets
1.28%Return on equity (ROE)
1.28%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,308Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
95.45%Core capital (leverage) ratio
96.96%Tier 1 risk-based capital ratio
478.45%Total risk-based capital ratio
Memoranda
$478Average assets
$5,675Average earning assets
$3,989Average equity
$4,260Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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