NewBank in city_name, state_name - Detailed Financial Reports, Location

NewBank in Flushing, New York (NY), NJ
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NewBank routing number info

NewBank - Overview

General
FDIC Certificate #: 58203
Status: Active
Federal Reserve ID: 3472859
Date Established: September 29, 2006
WWW: http://www.newbankusa.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: Yes)
FDIC's unique #: 441975
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: September 29, 2006
Last Structure Change Effective Date: March 06, 2009
Last Structure Change Process Date: September 21, 2009
Last Data Update: September 21, 2009
Data Source Date: April 05, 2012
Location
Address: 146-01 Northern Boulevard, Flushing, NY 11354
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 Changes
Office Purchased
Financial Summary
Total assets: $141.3 mil
Equity capital: $15.3 mil
Deposits held in domestic offices: $122.7 mil
Return on assets (ROA): 1.77% ($2.5 mil)
Quarterly return on assets: 1.08% ($1.5 mil)
Return on Equity (ROE): 17.18% ($2.6 mil)
Quarterly return on equity: 10.09% ($1.5 mil)
Net income: $2.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 3.14% ($4,435.8 mil)
Quarterly Pretax return on assets: 1.73% ($2,444.0 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
28Total employees (full-time equivalent)
$141,269Total assets
$37,699Cash and due from depository institutions
$34,711Interest-bearing balances
$635Securities
$0Federal funds sold & reverse repurchase agreements
$97,196Net loans & leases
$2,368Loan loss allowance
$0Trading account assets
$1,510Bank premises and fixed assets
$0Other real estate owned
$686Goodwill and other intangibles
$141,269Life insurance assets
$3,543All other assets
$125,940Total liabilities and capital
$122,713Total liabilities
$83,618Total deposits
$122,713Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,227Subordinated debt
$15,329All other liabilities
$15,329Total equity capital
$15,329Total bank equity capital
$0Perpetual preferred stock
$6,000Common stock
$6,060Surplus
$3,269Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,868Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,494Income earned, not collected on loans
$0Earning assets
$381Long-term assets (5+ years)
$132,542Average Assets, year-to-date
$530Average Assets, quarterly
$138,740Volatile liabilities
$141,206Insider loans
$108,987FHLB advances
$138,143Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,834Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,511Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,754Total interest income
$1,368Total interest expense
$5,386Net interest income
$2,888Provision for loan and lease losses
$7,372Total noninterest income
$0Fiduciary activities
$438Service charges on deposit accounts
$0Trading account gains & fees
$6,934Additional noninterest income
$5,507Total noninterest expense
$2,553Salaries and employee benefits
$968Premises and equipment expense
$1,986Additional noninterest expense
$4,363Pre-tax net operating income
$0Securities gains (losses)
$1,911Applicable income taxes
$2,452Income before extraordinary items
$0Extraordinary gains - net
$2,452Net income attributable to bank
$0Net charge-offs
$2,452Cash dividends
$2,063Sale, conversion, retirement of capital stock, net
$120Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
1.04%Cost of funding earning assets
4.08%Net interest margin
5.59%Noninterest income to earning assets
4.17%Noninterest expense to earning assets
1.77%Net operating income to assets
1.77%Return on assets (ROA)
3.14%Pretax return on assets
17.18%Return on equity (ROE)
16.34%Retained earnings to average equity (YTD only)
2.13%Net charge-offs to loans
139.99%Credit loss provision to net charge-offs
3.51%Efficiency ratio
43,165Assets per employee
5.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
4.89%Loss allowance to loans
2.38%Loss allowance to noncurrent loans
94.95%Noncurrent assets plus other real estate owned to assets
1.77%Noncurrent loans to loans
2.50%Net loans and leases to deposits
79.21%Net loans and leases to core deposits
82.24%Equity capital to assets
10.85%Core capital (leverage) ratio
10.74%Tier 1 risk-based capital ratio
13.61%Total risk-based capital ratio
Memoranda
$15Average assets
$138,740Average earning assets
$14,268Average equity
$131,941Average loans

List of branches

2 New Jersey Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
1	285174	1475 Bergen Blvd Plaza West Branch	1475 Bergen Blvd, Fort Lee, NJ 7024	June 30, 1985	Full Service Brick and Mortar
2	511127	Closter Branch	189 Homans Avenue, Closter, NJ 7624	August 02, 2010	Full Service Brick and Mortar

1 New York Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	441975	Newbank	146-01 Northern Boulevard, Flushing, NY 11354	September 29, 2006	Full Service Brick and Mortar

NewBank in Flushing, New York (NY), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches

NewBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

NewBank in Flushing, New York (NY), NJOverview, Financial Summary, Detailed Financial Reports, Branches

NewBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

NewBank in Flushing, New York (NY), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches