FDIC Certificate #: 26787 Status: Inactive Federal Reserve ID: 140513 Date Established: October 01, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 35935 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: October 01, 1986 Last Structure Change Effective Date: June 30, 2003 Last Structure Change Process Date: August 12, 2003 Last Data Update: August 12, 2003 Data Source Date: April 05, 2012
Location
Address: 12 East 52nd Street, New York City, NY 10022 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
Change in Insurance Status
Financial Summary
Total assets: $18.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
10Total employees (full-time equivalent)
$25,035Total assets
$832Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$9,100Federal funds sold & reverse repurchase agreements
$3,927Net loans & leases
$995Loan loss allowance
$0Trading account assets
$10,423Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$753All other assets
$25,035Total liabilities and capital
$5,882Total liabilities
$5,800Total deposits
$5,800Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$82All other liabilities
$19,153Total equity capital
$19,153Total bank equity capital
$19,153Perpetual preferred stock
$0Common stock
$6,000Surplus
$12,000Undivided profits
Memoranda
$1,153Noncurrent loans and leases
$3,490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$80Earning assets
$0Long-term assets (5+ years)
$66Average Assets, year-to-date
$13,027Average Assets, quarterly
$0Volatile liabilities
$132,219Insider loans
$86,037FHLB advances
$5,800Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,490Total unused commitments
$0Restructured Loans and leases
$225Derivatives
$1,157Total assets and liabilities in foreign offices
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,989Total interest income
$2,407Total interest expense
$2,582Net interest income
-$2,083Provision for loan and lease losses
$783Total noninterest income
$0Fiduciary activities
$207Service charges on deposit accounts
$0Trading account gains & fees
$576Additional noninterest income
$5,574Total noninterest expense
$3,601Salaries and employee benefits
$590Premises and equipment expense
$1,383Additional noninterest expense
-$126Pre-tax net operating income
$505Securities gains (losses)
$2,353Applicable income taxes
-$1,974Income before extraordinary items
$0Extraordinary gains - net
-$1,974Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$177Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.27%Yield on earning assets
2.06%Cost of funding earning assets
2.21%Net interest margin
0.67%Noninterest income to earning assets
4.77%Noninterest expense to earning assets
-1.74%Net operating income to assets
-1.49%Return on assets (ROA)
0.29%Pretax return on assets
-9.60%Return on equity (ROE)
-9.60%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
-1176.84%Credit loss provision to net charge-offs
-12.48%Efficiency ratio
165,646Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
20.22%Loss allowance to noncurrent loans
1243.75%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
1.63%Net loans and leases to deposits
67.71%Net loans and leases to core deposits
0.00%Equity capital to assets
76.50%Core capital (leverage) ratio
21.77%Tier 1 risk-based capital ratio
111.12%Total risk-based capital ratio
Memoranda
$112Average assets
$132,219Average earning assets
$20,563Average equity
$116,772Average loans
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