Madison National Bank in Merrick, New York (NY)

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Madison National Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)51
Total assets$307,994
Cash and due from depository institutions$43,578
Interest-bearing balances$41,903
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$201,988
Loan loss allowance $3,707
Trading account assets$0
Bank premises and fixed assets$5,956
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$7,874
Life insurance assets$307,994
Total liabilities and capital$272,944
Total liabilities$236,515
Total deposits$227,498
Interest-bearing deposits$236,515
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$35,500
Other borrowed funds $0
Subordinated debt $929
All other liabilities $35,050
Total equity capital$35,050
Total bank equity capital$35,050
Perpetual preferred stock$0
Common stock$38
Undivided profits $-2,262
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,995
Earning assets $0
Long-term assets (5+ years) $1,294
Average Assets, year-to-date $292,489
Average Assets, quarterly $106,541
Volatile liabilities $305,965
Insider loans $304,992
FHLB advances $230,288
Loans and leases held for sale $302,943
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $33,899
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,946
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,199
Total interest expense $4,342
Net interest income $10,857
Provision for loan and lease losses $1,550
Total noninterest income $2,380
Fiduciary activities $0
Service charges on deposit accounts $88
Trading account gains & fees $0
Additional noninterest income $2,292
Total noninterest expense $10,324
Salaries and employee benefits $4,750
Premises and equipment expense $2,100
Additional noninterest expense $3,474
Pre-tax net operating income $1,363
Securities gains (losses) $358
Applicable income taxes $1,160
Income before extraordinary items $561
Extraordinary gains - net $0
Net income attributable to bank $561
Net charge-offs $0
Cash dividends $561
Sale, conversion, retirement of capital stock, net $2,975
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.26%
Cost of funding earning assets 1.50%
Net interest margin 3.76%
Noninterest income to earning assets 0.82%
Noninterest expense to earning assets 3.58%
Net operating income to assets 0.11%
Return on assets (ROA) 0.18%
Pretax return on assets 0.56%
Return on equity (ROE) 1.63%
Retained earnings to average equity (YTD only) 1.63%
Net charge-offs to loans 1.29%
Credit loss provision to net charge-offs 52.10%
Efficiency ratio0.98%
Assets per employee$77,994
Cash dividends to net income (YTD only)6.04%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.80%
Noncurrent assets plus other real estate owned to assets 61.83%
Noncurrent loans to loans 1.95%
Net loans and leases to deposits2.91%
Net loans and leases to core deposits 85.40%
Equity capital to assets 90.42%
Core capital (leverage) ratio 11.38%
Tier 1 risk-based capital ratio 11.19%
Total risk-based capital ratio 14.72%
Average assets$16
Average earning assets$305,965
Average equity $34,372
Average loans $288,712
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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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