Olympian Bank in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2000

  • Olympian Bank in New York City, New York (NY)
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Olympian Bank - Overview

  • General
  • FDIC Certificate #: 27502
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: European American Bank (#19882)
    Federal Reserve ID: 1396698
    Date Established: May 08, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9536
    FDIC's unique #: 40235
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 08, 1989
    Last Structure Change Effective Date: April 08, 2000
    Last Structure Change Process Date: May 25, 2000
    Last Data Update: May 25, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 8721 Fifth Avenue, New York City, NY 11209
    County: Kings
    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: $137.2 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $133,674Total assets
  • $2,634Cash and due from depository institutions
  • $65Interest-bearing balances
  • $51,001Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,916Net loans & leases
  • $844Loan loss allowance
  • $0Trading account assets
  • $721Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,402All other assets
  • $133,674Total liabilities and capital
  • $123,460Total liabilities
  • $107,506Total deposits
  • $76,959Interest-bearing deposits
  • $107,506Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,000Other borrowed funds
  • $0Subordinated debt
  • $2,954All other liabilities
  • $10,214Total equity capital
  • $10,214Total bank equity capital
  • $10,214Perpetual preferred stock
  • $0Common stock
  • $4,100Surplus
  • $5,800Undivided profits
  • Memoranda
  • $314Noncurrent loans and leases
  • $10,878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $888Earning assets
  • $0Long-term assets (5+ years)
  • $428Average Assets, year-to-date
  • $126,982Average Assets, quarterly
  • $92,104Volatile liabilities
  • $124,401Insider loans
  • $133,149FHLB advances
  • $18,084Loans and leases held for sale
  • $2,404Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,878Total unused commitments
  • $28Restructured Loans and leases
  • $844Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $9,099Total interest income
  • $3,685Total interest expense
  • $5,414Net interest income
  • $100Provision for loan and lease losses
  • $1,310Total noninterest income
  • $0Fiduciary activities
  • $1,099Service charges on deposit accounts
  • $0Trading account gains & fees
  • $211Additional noninterest income
  • $3,869Total noninterest expense
  • $2,258Salaries and employee benefits
  • $711Premises and equipment expense
  • $900Additional noninterest expense
  • $2,755Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,345Applicable income taxes
  • $1,410Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,410Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.77%Yield on earning assets
  • 3.15%Cost of funding earning assets
  • 4.62%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 14.29%Return on equity (ROE)
  • 14.29%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 5000.00%Credit loss provision to net charge-offs
  • 1427.50%Efficiency ratio
  • 57,540Assets per employee
  • 4.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 95.05%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 70.62%Net loans and leases to core deposits
  • 76.36%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 8.05%Tier 1 risk-based capital ratio
  • 10.52%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $124,401Average earning assets
  • $9,868Average equity
  • $117,078Average loans

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