NorthEast Community Bank in White Plains, New York (NY), MA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • NorthEast Community Bank in White Plains, New York (NY), MA
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NorthEast Community Bank - Overview

  • General
  • FDIC Certificate #: 29147
    Status: Active
    Federal Reserve ID: 823478
    Date Established: September 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: Yes)
    OTS Docket #: 2995
    FDIC's unique #: 41981
    Numeric code: 33
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 14, 1934
    Last Structure Change Effective Date: April 03, 2012
    Last Structure Change Process Date: April 03, 2012
    Last Data Update: April 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 325 Hamilton Avenue, White Plains, NY 10601
    County: Westchester
    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)
  • Financial Summary
  • Total assets: $472.5 mil
    Equity capital: $88.1 mil
    Deposits held in domestic offices: $357.0 mil
    Return on assets (ROA): 0.51% ($2.4 mil)
    Quarterly return on assets: 0.28% ($1.3 mil)
    Return on Equity (ROE): 2.61% ($2.3 mil)
    Quarterly return on equity: 1.49% ($1.3 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.76% ($3,590.7 mil)
    Quarterly Pretax return on assets: 0.38% ($1,795.3 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
  • 102Total employees (full-time equivalent)
  • $472,455Total assets
  • $69,215Cash and due from depository institutions
  • $66,698Interest-bearing balances
  • $17,344Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $350,894Net loans & leases
  • $4,947Loan loss allowance
  • $0Trading account assets
  • $8,907Bank premises and fixed assets
  • $621Other real estate owned
  • $1,776Goodwill and other intangibles
  • $472,455Life insurance assets
  • $23,698All other assets
  • $384,348Total liabilities and capital
  • $356,992Total liabilities
  • $342,176Total deposits
  • $356,992Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,201Trading liabilities
  • $0Other borrowed funds
  • $3,155Subordinated debt
  • $88,107All other liabilities
  • $88,107Total equity capital
  • $88,107Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $33,684Surplus
  • $54,422Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,988Income earned, not collected on loans
  • $0Earning assets
  • $1,499Long-term assets (5+ years)
  • $434,936Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $447,661Volatile liabilities
  • $460,727Insider loans
  • $281,071FHLB advances
  • $468,720Loans and leases held for sale
  • $16,736Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $84,468Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,457Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,133Total interest income
  • $5,537Total interest expense
  • $16,596Net interest income
  • $1,114Provision for loan and lease losses
  • $1,703Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,703Additional noninterest income
  • $13,777Total noninterest expense
  • $7,880Salaries and employee benefits
  • $3,051Premises and equipment expense
  • $2,846Additional noninterest expense
  • $3,408Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,136Applicable income taxes
  • $2,272Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,272Net income attributable to bank
  • $0Net charge-offs
  • $2,272Cash dividends
  • $2,058Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 2.61%Return on equity (ROE)
  • 2.61%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 54.13%Credit loss provision to net charge-offs
  • 2.20%Efficiency ratio
  • 74,955Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 27.50%Noncurrent assets plus other real estate owned to assets
  • 3.94%Noncurrent loans to loans
  • 5.06%Net loans and leases to deposits
  • 98.29%Net loans and leases to core deposits
  • 107.96%Equity capital to assets
  • 18.65%Core capital (leverage) ratio
  • 18.02%Tier 1 risk-based capital ratio
  • 30.05%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $447,661Average earning assets
  • $87,039Average equity
  • $411,409Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10449516087 Elm Street Branch87 Elm St, Danvers, MA 1923April 24, 2009Full Service Brick and Mortar
    1054951618 North Park Avenue Branch8 North Park Avenue, Plymouth, MA 2360May 29, 2009Full Service Brick and Mortar
  • 5 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041981Northeast Community Bank325 Hamilton Avenue, White Plains, NY 10601September 01, 1934Full Service Brick and Mortar
    2273182590 East 187th Street Branch590 East 187th Street, Bronx, NY 10458September 01, 1934Full Service Brick and Mortar
    1002731831751 Second Avenue Branch1751 Second Avenue, New York City, NY 10128September 01, 1934Full Service Brick and Mortar
    102273185West 23rd Branch242 West 23rd Street, New York City, NY 10011May 03, 1997Full Service Brick and Mortar
    1034951591470 First Avenue Branch1470 First Avenue, New York, NY 10021June 30, 2008Full Service Brick and Mortar

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