New York Commercial Bank in Westbury, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

New York Commercial Bank - Overview

  • General
  • FDIC Certificate #: 32749
    Status: Active
    Federal Reserve ID: 1438589
    Bank Holding Company (Regulatory Top Holder): New York Community Bancorp, Inc. (RSSDID: 2132932, Location: Westbury, NY)
    Date Established: January 29, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 34 (Domestic: 34, Interstate: No)
    OTS Docket #: 10675
    FDIC's unique #: 45620
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 29, 1990
    Last Structure Change Effective Date: December 14, 2010
    Last Structure Change Process Date: December 14, 2010
    Last Data Update: December 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Merrick Ave., Westbury, NY 11590
    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)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $2,585.3 mil
    Equity capital: $555.5 mil
    Deposits held in domestic offices: $1,896.7 mil
    Return on assets (ROA): 1.23% ($31.8 mil)
    Quarterly return on assets: 0.90% ($23.3 mil)
    Return on Equity (ROE): 6.42% ($35.6 mil)
    Quarterly return on equity: 4.58% ($25.4 mil)
    Net income: $34.5 mil
    Quarterly Net income: $6.3 mil
    Pretax return on assets: 1.94% ($50,154.5 mil)
    Quarterly Pretax return on assets: 1.33% ($34,384.3 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
  • 194Total employees (full-time equivalent)
  • $2,585,283Total assets
  • $203,271Cash and due from depository institutions
  • $156,216Interest-bearing balances
  • $432,942Securities
  • $2,349Federal funds sold & reverse repurchase agreements
  • $1,581,958Net loans & leases
  • $12,470Loan loss allowance
  • $0Trading account assets
  • $25,940Bank premises and fixed assets
  • $1,023Other real estate owned
  • $236,640Goodwill and other intangibles
  • $2,585,283Life insurance assets
  • $101,160All other assets
  • $2,029,784Total liabilities and capital
  • $1,896,652Total liabilities
  • $1,464,798Total deposits
  • $1,896,652Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $129,763Trading liabilities
  • $0Other borrowed funds
  • $3,369Subordinated debt
  • $555,499All other liabilities
  • $555,499Total equity capital
  • $555,499Total bank equity capital
  • $0Perpetual preferred stock
  • $28,538Common stock
  • $457,241Surplus
  • $69,720Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,878Income earned, not collected on loans
  • $0Earning assets
  • $8,105Long-term assets (5+ years)
  • $2,173,465Average Assets, year-to-date
  • $776,629Average Assets, quarterly
  • $2,814,111Volatile liabilities
  • $2,800,660Insider loans
  • $1,897,075FHLB advances
  • $2,480,472Loans and leases held for sale
  • $71,790Unused loan commitments
  • $71,790Tier 1 (core) risk-based capital
  • $322,611Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $328,492Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $112,118Total interest income
  • $17,609Total interest expense
  • $94,509Net interest income
  • $3,000Provision for loan and lease losses
  • $20,268Total noninterest income
  • $0Fiduciary activities
  • $4,924Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,344Additional noninterest income
  • $59,882Total noninterest expense
  • $31,832Salaries and employee benefits
  • $13,847Premises and equipment expense
  • $14,203Additional noninterest expense
  • $51,895Pre-tax net operating income
  • $2,577Securities gains (losses)
  • $19,934Applicable income taxes
  • $34,538Income before extraordinary items
  • $0Extraordinary gains - net
  • $34,538Net income attributable to bank
  • $0Net charge-offs
  • $34,538Cash dividends
  • $5,412Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 6.42%Return on equity (ROE)
  • 6.42%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 55.43%Credit loss provision to net charge-offs
  • 10.14%Efficiency ratio
  • 47,915Assets per employee
  • 13.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 83.82%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 83.41%Net loans and leases to core deposits
  • 88.02%Equity capital to assets
  • 21.49%Core capital (leverage) ratio
  • 13.01%Tier 1 risk-based capital ratio
  • 17.01%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $2,814,111Average earning assets
  • $538,216Average equity
  • $2,297,628Average loans

List of branches

  • 34 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045620New York Commercial Bank615 Merrick Ave., Westbury, NY 11590January 29, 1990Full Service Brick and Mortar
    1289002Babylon Branch400 West Main Street, Babylon, NY 11702July 10, 1995Full Service Brick and Mortar
    2289003Smithtown Branch50 Route 111, Smithtown, NY 11787Febuary 03, 1997Full Service Brick and Mortar
    4289005Westbury Branch900 Merchants Concourse, Westbury, NY 11590November 12, 1997Full Service Brick and Mortar
    5289006Shirley Branch950 Montauk Highway, Shirley, NY 11967September 01, 1998Full Service Brick and Mortar
    6360113Ronkonkoma Branch3425 Veteran's Memorial Highway, Ronkonkoma, NY 11779May 21, 2001Full Service Brick and Mortar
    7363729Melville Branch610 Broad Hollow Road, Melville, NY 11747October 22, 2001Full Service Brick and Mortar
    9419757Deer Park Branch720 Grand Boulevard, Deer Park, NY 11729December 30, 2002Full Service Brick and Mortar
    11423105Hauppauge Branch350 Motor Parkway, Hauppauge, NY 11788October 27, 2003Full Service Brick and Mortar
    12208394Downtown Branch15 Maiden Lane, New York City, NY 10038October 01, 1953Full Service Brick and Mortar
    13208395Ditmars Boulevard Branch29-10 Ditmars Boulevard, New York City, NY 11102November 14, 1970Full Service Brick and Mortar
    14208396Astoria Branch33-12 30th Avenue, New York City, NY 11102June 24, 1977Full Service Brick and Mortar
    15208397Brooklyn Branch8010 Fifth Avenue, New York City, NY 11209September 15, 1979Full Service Brick and Mortar
    16208398Flushing Branch196-21 Northern Boulevard, New York City, NY 11358September 18, 1982Full Service Brick and Mortar
    17208399Broadway Branch36-10 Broadway, New York City, NY 11106October 30, 1982Full Service Brick and Mortar
    1920840413th Avenue Branch7709/11 13th Avenue, New York City, NY 11228April 16, 1988Full Service Brick and Mortar
    20208406Hicksville Branch265 North Broadway, Hicksville, NY 11801March 15, 1997Full Service Brick and Mortar
    2142082The Yonkers Savings And Loan Assoc., Fa Branch1 Manor House Square, Yonkers, NY 10701January 01, 1888Full Service Brick and Mortar
    222740081759 Central Park Avenue Branch1759 Central Park Avenue, Yonkers, NY 10710January 01, 1888Full Service Brick and Mortar
    232740092320 Central Park Ave Branch2320 Central Park Ave, Yonkers, NY 10710June 30, 1987Full Service Brick and Mortar
    24274010Yonkers Branch780 Palisade Avenue, Yonkers, NY 10703March 01, 1990Full Service Brick and Mortar
    26424266936 Third Avenue Branch936 Third Avenue, New York, NY 10022December 03, 2003Full Service Brick and Mortar
    28431396Allied Irish Branch405 Park Avenue, New York, NY 10022November 30, 2003Full Service Brick and Mortar
    31419649United Orient Bank Branch41-60 Main Street, Flushing, NY 11354August 22, 2002Full Service Brick and Mortar
    32440485Washington Heights Branch4246 Broadway, New York, NY 10033April 09, 2001Full Service Brick and Mortar
    33440487Astoria Branch30-18 Steinway Street, Astoria, NY 11103October 01, 2001Full Service Brick and Mortar
    34440488Rego Park Branch97-77 Queens Boulevard, Rego Park, NY 11374April 21, 2003Full Service Brick and Mortar
    35440489Bensonhurst Branch86-22 Bay Parkway, Brooklyn, NY 11214January 26, 2004Full Service Brick and Mortar
    36463981Junction Boulevard Branch38-07 Junction Boulevard, Corona, NY 11368May 23, 2005Full Service Brick and Mortar
    37463982Myrtle Avenue Branch57-32 Myrtle Avenue, Ridgewood, NY 11385August 10, 2005Full Service Brick and Mortar
    38463984Liberty Avenue Branch116-13 Liberty Avenue, South Richmond Hill, NY 11419November 28, 2005Full Service Brick and Mortar
    39463986Fifth Avenue Branch478 Fifth Avenue, Brooklyn, NY 11215October 05, 2005Full Service Brick and Mortar
    40463988Kings Highway Branch1608 Kings Highway, Brooklyn, NY 11229March 16, 2006Full Service Brick and Mortar
    41467453387 Park Avenue South387 Park Avenue South, Ground Floor, New York, NY 10016July 27, 2007Full Service Brick and Mortar

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