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

Madison National Bank - Overview

  • General
  • FDIC Certificate #: 58419
    Status: Active
    Federal Reserve ID: 3576337
    Bank Holding Company (Regulatory Top Holder): Madison National Bancorp, Inc. (RSSDID: 3877614, Location: Hauppauge, NY)
    Date Established: Febuary 27, 2007
    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: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 451230
    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: Febuary 27, 2007
    Last Structure Change Effective Date: April 04, 2012
    Last Structure Change Process Date: April 04, 2012
    Last Data Update: April 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2222 Merrick Road, Merrick, NY 11566
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • Financial Summary
  • Total assets: $308.0 mil
    Equity capital: $35.0 mil
    Deposits held in domestic offices: $236.5 mil
    Return on assets (ROA): 0.18% ($0.6 mil)
    Quarterly return on assets: -0.02% (-$0.1 mil)
    Return on Equity (ROE): 1.63% ($0.6 mil)
    Quarterly return on equity: -0.15% (-$0.1 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.56% ($1,724.8 mil)
    Quarterly Pretax return on assets: 0.85% ($2,617.9 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
  • 51Total employees (full-time equivalent)
  • $307,994Total assets
  • $43,578Cash and due from depository institutions
  • $41,903Interest-bearing balances
  • $48,598Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $201,988Net loans & leases
  • $3,707Loan loss allowance
  • $0Trading account assets
  • $5,956Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $307,994Life insurance assets
  • $7,874All other assets
  • $272,944Total liabilities and capital
  • $236,515Total liabilities
  • $227,498Total deposits
  • $236,515Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,500Trading liabilities
  • $0Other borrowed funds
  • $929Subordinated debt
  • $35,050All other liabilities
  • $35,050Total equity capital
  • $35,050Total bank equity capital
  • $0Perpetual preferred stock
  • $38Common stock
  • $37,274Surplus
  • $-2,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,995Income earned, not collected on loans
  • $0Earning assets
  • $1,294Long-term assets (5+ years)
  • $292,489Average Assets, year-to-date
  • $106,541Average Assets, quarterly
  • $305,965Volatile liabilities
  • $304,992Insider loans
  • $230,288FHLB advances
  • $302,943Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,899Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,946Restructured Loans and leases
  • $1,740Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,199Total interest income
  • $4,342Total interest expense
  • $10,857Net interest income
  • $1,550Provision for loan and lease losses
  • $2,380Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,292Additional noninterest income
  • $10,324Total noninterest expense
  • $4,750Salaries and employee benefits
  • $2,100Premises and equipment expense
  • $3,474Additional noninterest expense
  • $1,363Pre-tax net operating income
  • $358Securities gains (losses)
  • $1,160Applicable income taxes
  • $561Income before extraordinary items
  • $0Extraordinary gains - net
  • $561Net income attributable to bank
  • $0Net charge-offs
  • $561Cash dividends
  • $2,975Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 1.63%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 52.10%Credit loss provision to net charge-offs
  • 0.98%Efficiency ratio
  • 77,994Assets per employee
  • 6.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 61.83%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 2.91%Net loans and leases to deposits
  • 85.40%Net loans and leases to core deposits
  • 90.42%Equity capital to assets
  • 11.38%Core capital (leverage) ratio
  • 11.19%Tier 1 risk-based capital ratio
  • 14.72%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $305,965Average earning assets
  • $34,372Average equity
  • $288,712Average loans

List of branches

  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451230Madison National Bank2222 Merrick Road, Merrick, NY 11566Febuary 27, 2007Full Service Brick and Mortar
    2467324Melville Branch849 Walt Whitman Road, Melville, NY 11747July 26, 2007Full Service Brick and Mortar
    3467632Administrative Headquarters Branch888 Veterans Highway, Hauppauge, NY 11788Febuary 27, 2007Limited Service Administrative
    4507041Madison National Bank750 Hicksville Road, Massapequa, NY 11758March 23, 2010Full Service Brick and Mortar

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