Korea First Bank of New York in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 25, 2000

  • Korea First Bank of New York in New York City, New York (NY)
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Korea First Bank of New York - Overview

  • General
  • FDIC Certificate #: 24918
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Nara Bank (#27530)
    Federal Reserve ID: 327613
    Date Established: January 25, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 17272
    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: January 25, 1984
    Last Structure Change Effective Date: Febuary 25, 2000
    Last Structure Change Process Date: March 21, 2000
    Last Data Update: March 21, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 29 West 30th Street, New York City, NY 10001
    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)
  • Financial Summary
  • Total assets: $75.6 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, 1999)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $75,629Total assets
  • $18,903Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,951Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,589Net loans & leases
  • $4,352Loan loss allowance
  • $0Trading account assets
  • $9,612Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $574All other assets
  • $75,629Total liabilities and capital
  • $66,248Total liabilities
  • $64,959Total deposits
  • $38,789Interest-bearing deposits
  • $64,959Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,289All other liabilities
  • $9,381Total equity capital
  • $9,381Total bank equity capital
  • $9,381Perpetual preferred stock
  • $0Common stock
  • $26,500Surplus
  • $7,500Undivided profits
  • Memoranda
  • $-24,619Noncurrent loans and leases
  • $5,299Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,266Earning assets
  • $0Long-term assets (5+ years)
  • $312Average Assets, year-to-date
  • $46,540Average Assets, quarterly
  • $9,951Volatile liabilities
  • $110,439Insider loans
  • $96,207FHLB advances
  • $13,648Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,299Total unused commitments
  • $0Restructured Loans and leases
  • $608Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $7,207Total interest income
  • $3,326Total interest expense
  • $3,881Net interest income
  • $0Provision for loan and lease losses
  • $2,011Total noninterest income
  • $0Fiduciary activities
  • $592Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,419Additional noninterest income
  • $8,438Total noninterest expense
  • $4,314Salaries and employee benefits
  • $1,310Premises and equipment expense
  • $2,814Additional noninterest expense
  • -$2,546Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,546Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,546Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1,642Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 3.67%Cost of funding earning assets
  • 4.28%Net interest margin
  • 2.22%Noninterest income to earning assets
  • 9.31%Noninterest expense to earning assets
  • -2.31%Net operating income to assets
  • -2.31%Return on assets (ROA)
  • -2.31%Pretax return on assets
  • -23.29%Return on equity (ROE)
  • -23.29%Retained earnings to average equity (YTD only)
  • -2.75%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 143,211Assets per employee
  • 1.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 10.63%Loss allowance to noncurrent loans
  • 82.64%Noncurrent assets plus other real estate owned to assets
  • 6.96%Noncurrent loans to loans
  • 12.86%Net loans and leases to deposits
  • 56.33%Net loans and leases to core deposits
  • 71.31%Equity capital to assets
  • 12.40%Core capital (leverage) ratio
  • 7.95%Tier 1 risk-based capital ratio
  • 21.11%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $110,439Average earning assets
  • $10,933Average equity
  • $90,648Average loans

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