FDIC Certificate #: 26778 Status: Inactive Closing history: Corrections Acquiring institution:Union State Bank (#20119) Federal Reserve ID: 371915 Date Established: August 18, 1986 WWW:http://www.reliancebankny.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 35925 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: August 18, 1986 Last Structure Change Effective Date: March 19, 2004 Last Structure Change Process Date: March 22, 2004 Last Data Update: March 22, 2004 Data Source Date: April 05, 2012
Location
Address: 1200 Mamaroneck Avenue, White Plains, NY 10602 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $28.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
10Total employees (full-time equivalent)
$28,637Total assets
$544Cash and due from depository institutions
$125Interest-bearing balances
$2,352Securities
$3,150Federal funds sold & reverse repurchase agreements
$22,020Net loans & leases
$579Loan loss allowance
$0Trading account assets
$83Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$488All other assets
$28,637Total liabilities and capital
$27,962Total liabilities
$27,881Total deposits
$24,960Interest-bearing deposits
$27,881Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$81All other liabilities
$675Total equity capital
$675Total bank equity capital
$675Perpetual preferred stock
$2,500Common stock
$29Surplus
$5,621Undivided profits
Memoranda
$-7,475Noncurrent loans and leases
$223Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,562Earning assets
$1,661Long-term assets (5+ years)
$108Average Assets, year-to-date
$27,647Average Assets, quarterly
$11,512Volatile liabilities
$28,959Insider loans
$30,006FHLB advances
$2,877Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$223Total unused commitments
$0Restructured Loans and leases
$192Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,254Total interest income
$530Total interest expense
$724Net interest income
$1,184Provision for loan and lease losses
$155Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
$76Additional noninterest income
$2,031Total noninterest expense
$959Salaries and employee benefits
$311Premises and equipment expense
$761Additional noninterest expense
-$2,336Pre-tax net operating income
$58Securities gains (losses)
$3Applicable income taxes
-$2,281Income before extraordinary items
-$8Extraordinary gains - net
-$2,289Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,650Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.55%Yield on earning assets
1.92%Cost of funding earning assets
2.63%Net interest margin
0.56%Noninterest income to earning assets
7.36%Noninterest expense to earning assets
-8.08%Net operating income to assets
-7.90%Return on assets (ROA)
-7.89%Pretax return on assets
-183.86%Return on equity (ROE)
-183.86%Retained earnings to average equity (YTD only)
8.48%Net charge-offs to loans
71.76%Credit loss provision to net charge-offs
-0.70%Efficiency ratio
231,058Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.56%Loss allowance to noncurrent loans
22.60%Noncurrent assets plus other real estate owned to assets
8.95%Noncurrent loans to loans
11.34%Net loans and leases to deposits
78.98%Net loans and leases to core deposits
88.07%Equity capital to assets
2.36%Core capital (leverage) ratio
2.27%Tier 1 risk-based capital ratio
4.64%Total risk-based capital ratio
Memoranda
$6Average assets
$28,959Average earning assets
$1,245Average equity
$27,580Average loans
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