Provident Municipal Bank in Montebello, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Provident Municipal Bank in Montebello, New York (NY)
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Provident Municipal Bank - Overview

  • General
  • FDIC Certificate #: 57339
    Status: Active
    Federal Reserve ID: 3108907
    Date Established: April 19, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 362131
    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
    Directly owned by another bank (CERT): #57339
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 19, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Rella Boulevard, Montebello, NY 10901
    County: Rockland
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $469.5 mil
    Equity capital: $59.1 mil
    Deposits held in domestic offices: $401.5 mil
    Return on assets (ROA): 0.88% ($4.1 mil)
    Quarterly return on assets: 0.95% ($4.5 mil)
    Return on Equity (ROE): 7.86% ($4.6 mil)
    Quarterly return on equity: 9.49% ($5.6 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.89% ($4,178.7 mil)
    Quarterly Pretax return on assets: 1.14% ($5,352.5 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
  • 4Total employees (full-time equivalent)
  • $469,515Total assets
  • $7,200Cash and due from depository institutions
  • $307Interest-bearing balances
  • $219,949Securities
  • $239,738Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $469,515Life insurance assets
  • $2,628All other assets
  • $410,428Total liabilities and capital
  • $401,516Total liabilities
  • $386,355Total deposits
  • $401,516Interest-bearing deposits
  • $21Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,912Subordinated debt
  • $59,087All other liabilities
  • $59,087Total equity capital
  • $59,087Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $25,500Surplus
  • $32,587Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,184Long-term assets (5+ years)
  • $459,994Average Assets, year-to-date
  • $198,469Average Assets, quarterly
  • $475,485Volatile liabilities
  • $575,167Insider loans
  • $148,598FHLB advances
  • $584,813Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,492Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,205Total interest income
  • $1,362Total interest expense
  • $4,843Net interest income
  • $0Provision for loan and lease losses
  • $1Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,798Total noninterest expense
  • $920Salaries and employee benefits
  • $27Premises and equipment expense
  • $851Additional noninterest expense
  • $3,046Pre-tax net operating income
  • $1,173Securities gains (losses)
  • $19Applicable income taxes
  • $4,200Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,200Net income attributable to bank
  • $0Net charge-offs
  • $4,200Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.34%Yield on earning assets
  • 0.29%Cost of funding earning assets
  • 1.04%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 7.86%Return on equity (ROE)
  • 7.86%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 37,118Assets per employee
  • 117.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 12.58%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 35.32%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $475,485Average earning assets
  • $53,412Average equity
  • $464,623Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362131Provident Municipal Bank400 Rella Boulevard, Montebello, NY 10901April 19, 2002Full Service Brick and Mortar

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