Maspeth Federal Savings and Loan Association in Maspeth, New York (NY)



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Maspeth Federal Savings and Loan Association
GeneralFDIC Certificate #: 30303
Status: Active
Federal Reserve ID: 29878
Date Established: January 01, 1947
WWW: http://www.maspethfederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 5138
FDIC's unique #: 43137
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Mortgage Lending Specialization
Date of Deposit Insurance: Febuary 03, 1947
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 56-18 69th St, Maspeth, NY 11378
County: Queens
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $1,762.8 mil
Equity capital: $458.8 mil
Deposits held in domestic offices: $1,285.1 mil
Return on assets (ROA): 1.58% ($27.9 mil)
Quarterly return on assets: 1.58% ($27.9 mil)
Return on Equity (ROE): 6.16% ($28.3 mil)
Quarterly return on equity: 6.13% ($28.1 mil)
Net income: $27.4 mil
Quarterly Net income: $7.0 mil
Pretax return on assets: 2.86% ($50,415.1 mil)
Quarterly Pretax return on assets: 2.50% ($44,069.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)203
Total assets$1,762,764
Cash and due from depository institutions$158,046
Interest-bearing balances$144,626
Securities$15,023
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,540,766
Loan loss allowance $11,115
Trading account assets$0
Bank premises and fixed assets$13,207
Other real estate owned$4,680
Goodwill and other intangibles$0
All other assets$31,042
Life insurance assets$1,762,764
Total liabilities and capital$1,303,916
Total liabilities$1,285,076
Total deposits$1,285,076
Interest-bearing deposits$1,285,076
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $18,840
All other liabilities $458,848
Total equity capital$458,848
Total bank equity capital$458,848
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $458,848
Memoranda
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 $104,282
Earning assets $0
Long-term assets (5+ years) $7,067
Average Assets, year-to-date $1,700,415
Average Assets, quarterly $0
Volatile liabilities $1,740,050
Insider loans $1,763,569
FHLB advances $1,469,623
Loans and leases held for sale $1,763,424
Unused loan commitments $350
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $459,508
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $54,061
Derivatives$1,924
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $91,179
Total interest expense $13,702
Net interest income $77,477
Provision for loan and lease losses $3,805
Total noninterest income $366
Fiduciary activities $0
Service charges on deposit accounts $210
Trading account gains & fees $0
Additional noninterest income $156
Total noninterest expense $24,251
Salaries and employee benefits $13,928
Premises and equipment expense $4,545
Additional noninterest expense $5,778
Pre-tax net operating income $49,787
Securities gains (losses) $0
Applicable income taxes $22,342
Income before extraordinary items $27,445
Extraordinary gains - net $0
Net income attributable to bank $27,445
Net charge-offs $0
Cash dividends $27,445
Sale, conversion, retirement of capital stock, net $2,905
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 assets5.42%
Cost of funding earning assets 0.81%
Net interest margin 4.61%
Noninterest income to earning assets 0.02%
Noninterest expense to earning assets 1.44%
Net operating income to assets 1.58%
Return on assets (ROA) 1.58%
Pretax return on assets 2.86%
Return on equity (ROE) 6.16%
Retained earnings to average equity (YTD only) 6.16%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 130.98%
Efficiency ratio18.45%
Assets per employee$31,154
Cash dividends to net income (YTD only)8.68%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.72%
Noncurrent assets plus other real estate owned to assets 10.66%
Noncurrent loans to loans 6.07%
Net loans and leases to deposits6.72%
Net loans and leases to core deposits 119.90%
Equity capital to assets 122.75%
Core capital (leverage) ratio 26.03%
Tier 1 risk-based capital ratio 26.06%
Total risk-based capital ratio 31.27%
Memoranda
Average assets$32
Average earning assets$1,740,050
Average equity $445,353
Average loans $1,681,641
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6 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043137Maspeth Federal Savings And Loan Ass56-18 69th St, Maspeth, NY 11378January 01, 1947Full Service Brick and Mortar
127985364-19 Woodhaven Blvd Branch64-19 Woodhaven Blvd, New York City, NY 11374January 01, 1947Full Service Brick and Mortar
2279854101-09 Metropolitan Ave Branch101-09 Metropolitan Ave, New York City, NY 11375January 01, 1947Full Service Brick and Mortar
3279855185-18 Horace Harding Expy Branch185-18 Horace Harding Expy, New York City, NY 11365January 01, 1947Full Service Brick and Mortar
100279856801 Jericho Turnpike Branch801 Jericho Turnpike, New Hyde Park, NY 11040January 01, 1947Full Service Brick and Mortar
101279857Ridgewood Branch66-60 Fresh Pond Road, Ridgewood, NY 11365May 06, 1998Full Service Brick and Mortar
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