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


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
  • NoIDNameAddressEstablishedService TypeMap
    12851741475 Bergen Blvd Plaza West Branch1475 Bergen Blvd, Fort Lee, NJ 7024June 30, 1985Full Service Brick and Mortar
    2511127Closter Branch189 Homans Avenue, Closter, NJ 7624August 02, 2010Full Service Brick and Mortar
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441975Newbank146-01 Northern Boulevard, Flushing, NY 11354September 29, 2006Full Service Brick and Mortar

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