Herald National Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Herald National Bank - Overview

  • General
  • FDIC Certificate #: 58858
    Status: Active
    Federal Reserve ID: 3830235
    Date Established: November 24, 2008
    WWW: http://www.heraldnb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 470812
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 24, 2008
    Last Structure Change Effective Date: Febuary 29, 2012
    Last Structure Change Process Date: March 09, 2012
    Last Data Update: March 09, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 623 5th Ave, New York, NY 10022
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    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
  • Participated in Reorganization
  • Financial Summary
  • Total assets: $524.2 mil
    Equity capital: $54.2 mil
    Deposits held in domestic offices: $465.7 mil
    Return on assets (ROA): 0.15% ($0.8 mil)
    Quarterly return on assets: 0.22% ($1.2 mil)
    Return on Equity (ROE): 1.43% ($0.8 mil)
    Quarterly return on equity: 2.08% ($1.1 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.17% ($891.1 mil)
    Quarterly Pretax return on assets: 0.25% ($1,310.5 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
  • 54Total employees (full-time equivalent)
  • $524,190Total assets
  • $49,798Cash and due from depository institutions
  • $6,980Interest-bearing balances
  • $167,634Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $298,563Net loans & leases
  • $5,943Loan loss allowance
  • $0Trading account assets
  • $3,220Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $524,190Life insurance assets
  • $4,975All other assets
  • $470,009Total liabilities and capital
  • $465,734Total liabilities
  • $288,651Total deposits
  • $465,734Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,275Subordinated debt
  • $54,181All other liabilities
  • $54,181Total equity capital
  • $54,181Total bank equity capital
  • $12,862Perpetual preferred stock
  • $12,227Common stock
  • $68,217Surplus
  • $-39,125Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $169Income earned, not collected on loans
  • $0Earning assets
  • $1,412Long-term assets (5+ years)
  • $473,177Average Assets, year-to-date
  • $239,228Average Assets, quarterly
  • $500,653Volatile liabilities
  • $505,454Insider loans
  • $333,038FHLB advances
  • $500,400Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $53,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,173Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,660Total interest income
  • $3,441Total interest expense
  • $18,219Net interest income
  • $100Provision for loan and lease losses
  • $1,590Total noninterest income
  • $0Fiduciary activities
  • $339Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,251Additional noninterest income
  • $19,077Total noninterest expense
  • $9,975Salaries and employee benefits
  • $2,705Premises and equipment expense
  • $6,397Additional noninterest expense
  • $632Pre-tax net operating income
  • $238Securities gains (losses)
  • $123Applicable income taxes
  • $747Income before extraordinary items
  • $0Extraordinary gains - net
  • $747Net income attributable to bank
  • $0Net charge-offs
  • $747Cash dividends
  • $561Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 1.43%Return on equity (ROE)
  • 1.43%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 17.83%Credit loss provision to net charge-offs
  • 1.30%Efficiency ratio
  • 96,305Assets per employee
  • 9.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 3516.57%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 64.11%Net loans and leases to core deposits
  • 73.38%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 15.97%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $500,653Average earning assets
  • $52,403Average equity
  • $462,506Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0470812Herald National Bank623 5th Ave, New York, NY 10022November 24, 2008Full Service Brick and Mortar
    1493487Melville Branch58 S. Service Road, Suite 120, Melville, NY 11747November 24, 2008Full Service Brick and Mortar
    2493488Brooklyn Branch1333 60th Street, Brooklyn, NY 11219January 12, 2009Full Service Brick and Mortar

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