Ridgewood Savings Bank in Ridgewood, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Ridgewood Savings Bank in Ridgewood, New York (NY)
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Ridgewood Savings Bank - Overview

  • General
  • FDIC Certificate #: 16026
    Status: Active
    Federal Reserve ID: 859712
    Date Established: June 18, 1921
    WWW: http://www.ridgewoodbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 37 (Domestic: 37, Interstate: No)
    OTS Docket #: 11235
    FDIC's unique #: 10255
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 27, 2012
    Last Data Update: January 27, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 7102 Forest Avenue, Ridgewood, NY 11385
    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)
  • Financial Summary
  • Total assets: $4,804.0 mil
    Equity capital: $597.9 mil
    Deposits held in domestic offices: $3,951.9 mil
    Return on assets (ROA): 0.40% ($19.2 mil)
    Quarterly return on assets: 0.15% ($7.2 mil)
    Return on Equity (ROE): 3.13% ($18.7 mil)
    Quarterly return on equity: 1.18% ($7.1 mil)
    Net income: $18.8 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 0.55% ($26,422.1 mil)
    Quarterly Pretax return on assets: 0.09% ($4,323.6 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, 2011)

  • Dollar figures in thousands
  • 675Total employees (full-time equivalent)
  • $4,804,014Total assets
  • $85,990Cash and due from depository institutions
  • $38,441Interest-bearing balances
  • $2,085,344Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,339,742Net loans & leases
  • $11,607Loan loss allowance
  • $0Trading account assets
  • $17,142Bank premises and fixed assets
  • $1,103Other real estate owned
  • $84,134Goodwill and other intangibles
  • $4,804,014Life insurance assets
  • $190,559All other assets
  • $4,205,968Total liabilities and capital
  • $3,951,909Total liabilities
  • $3,723,195Total deposits
  • $3,951,909Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $175,000Trading liabilities
  • $0Other borrowed funds
  • $79,059Subordinated debt
  • $598,046All other liabilities
  • $597,856Total equity capital
  • $597,856Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $46,402Surplus
  • $551,454Undivided profits
  • Memoranda
  • $190Noncurrent loans and leases
  • $7,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41,596Income earned, not collected on loans
  • $0Earning assets
  • $15,679Long-term assets (5+ years)
  • $4,463,527Average Assets, year-to-date
  • $1,839,695Average Assets, quarterly
  • $4,689,371Volatile liabilities
  • $4,779,189Insider loans
  • $2,516,409FHLB advances
  • $4,711,896Loans and leases held for sale
  • $107,751Unused loan commitments
  • $47,327Tier 1 (core) risk-based capital
  • $570,254Tier 2 risk-based capital
  • $60,424Total risk weighted assets
  • $0Total unused commitments
  • $170,109Restructured Loans and leases
  • $1,373Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $176,906Total interest income
  • $57,468Total interest expense
  • $119,438Net interest income
  • $7,431Provision for loan and lease losses
  • $7,996Total noninterest income
  • $0Fiduciary activities
  • $2,964Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,032Additional noninterest income
  • $100,391Total noninterest expense
  • $58,577Salaries and employee benefits
  • $14,849Premises and equipment expense
  • $26,965Additional noninterest expense
  • $19,612Pre-tax net operating income
  • $6,185Securities gains (losses)
  • $6,992Applicable income taxes
  • $18,805Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,791Net income attributable to bank
  • $14Net charge-offs
  • $18,805Cash dividends
  • $9,501Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.05%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 2.74%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 3.13%Return on equity (ROE)
  • 3.13%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 78.21%Credit loss provision to net charge-offs
  • 2.85%Efficiency ratio
  • 77,717Assets per employee
  • 7.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 27.90%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 59.21%Net loans and leases to core deposits
  • 61.07%Equity capital to assets
  • 12.44%Core capital (leverage) ratio
  • 12.10%Tier 1 risk-based capital ratio
  • 22.66%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $4,689,371Average earning assets
  • $599,417Average equity
  • $4,366,933Average loans

List of branches

  • 37 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010255Ridgewood Savings Bank7102 Forest Avenue, Ridgewood, NY 11385June 18, 1921Full Service Brick and Mortar
    1236814Forest Hills Branch107-55 Queens Boulevard, Forest Hills, NY 11375April 06, 1940Full Service Brick and Mortar
    2236815Hollis Branch205-11 Hillside Av, Hollis, NY 11423June 10, 1961Full Service Brick and Mortar
    3236816Laurelton Branch230-22 Merrick Blvd, Laurelton, NY 11413October 01, 1948Full Service Brick and Mortar
    4236817Franklin Square Branch1010 Hempstead Turnpike, Franklin Square, NY 11010September 27, 1969Full Service Brick and Mortar
    5236818Garden City Branch2435 Jericho Turnpike, Garden City Park, NY 11040September 23, 1972Full Service Brick and Mortar
    7236820Whitestone Branch25 Parsons Boulevard #29, Whitestone, NY 11357March 27, 1976Full Service Brick and Mortar
    8236821Breezy Point Branch202-16 Rockaway Blvd, Breezy Point, NY 11697June 10, 1985Full Service Brick and Mortar
    9236822Bay Ridge Branch8522-26 Third Avenue, Brooklyn, NY 11209September 30, 1987Full Service Brick and Mortar
    11236824Glendale Branch65-01 Myrtle Avenue, Glendale, NY 11385June 12, 1989Full Service Brick and Mortar
    12272482Bellmore Branch2080 Bellmore Avenue, Bellmore, NY 11710January 01, 1921Full Service Brick and Mortar
    13272484Baldwin Branch835 Atlantic Avenue, Baldwin, NY 11510January 01, 1921Full Service Brick and Mortar
    14272485Hicksville Branch220 Old Country Rd, Hicksville, NY 11801January 01, 1921Full Service Brick and Mortar
    15236825Grand Avenue Branch74-25 Grand Avenue, Elmhurst, NY 11373January 20, 1998Full Service Brick and Mortar
    16236826West Babylon Branch50 Farmingdale Road (Nys Route 109), West Babylon, NY 11704March 20, 1998Full Service Brick and Mortar
    17357051Hicksville Branch169 Old Country Road, Hicksville, NY 11801September 13, 1999Limited Service Facility
    18358158Lindenhurst Branch317 South Wellwood Avenue, Lindenhurst, NY 11757August 21, 2000Full Service Brick and Mortar
    19365302Bensonhurst Branch7124 18th Avenue, Brooklyn, NY 11204October 09, 2001Full Service Brick and Mortar
    20419193Cobble Hill Branch244 Court Street, Brooklyn, NY 11201May 30, 2003Full Service Brick and Mortar
    21419773Astoria Branch43-14 Ditmars Blvd, Astoria, NY 11105July 18, 2002Full Service Brick and Mortar
    22442516Mobile Branch Facility Branch71-02 Forest Avenue, Ridgewood, NY 11385June 24, 2005Limited Service Mobile
    23454717Dyker Heights Branch7020 13th Avenue, Brooklyn, NY 11228July 15, 2005Full Service Brick and Mortar
    24455808White Plains Road Branch3824 White Plains Road, Bronx, NY 10467September 19, 2006Full Service Brick and Mortar
    26462447Morris Park Branch1134 Morris Park Avenue, Bronx, NY 10461January 22, 2007Full Service Brick and Mortar
    27462448Bayside Branch208-22 Cross Island Parkway, Bayside, NY 11360January 29, 2007Full Service Brick and Mortar
    29280445Allerton Ave Branch711 Allerton Ave., Bronx, NY 10467January 01, 1889Full Service Brick and Mortar
    30280446New Rochelle Branch382 Pelham Road, New Rochelle, NY 10805January 01, 1889Full Service Brick and Mortar
    31280447Yonkers Branch670 Mclean Ave, Yonkers, NY 10704January 01, 1889Full Service Brick and Mortar
    32280448Gunhill Road Branch1770 E. Gun Hill Rd., Bronx, NY 10469June 30, 1987Full Service Brick and Mortar
    33280449Sedgwick Ave Branch3899 Sedgwick Ave., Bronx, NY 10463March 01, 1991Full Service Brick and Mortar
    34280450Yorkville Branch1646 First Avenue, New York, NY 10028March 01, 1992Full Service Brick and Mortar
    38480745Jerome Avenue Branch3445 Jerome Avenue, Bronx, NY 10467July 12, 2007Full Service Brick and Mortar
    40480747Crosby Avenue Branch1745 Crosby Avenue, Bronx, NY 10461July 12, 2007Full Service Brick and Mortar
    4148074873rd Street Branch1404 2nd Avenue, New York, NY 10021July 12, 2007Full Service Brick and Mortar
    42480749Bronxville Branch843 Bronx River Road, Bronxville, NY 10708July 12, 2007Full Service Brick and Mortar
    43480750Soundview Branch1626 Bruckner Blvd, Bronx, NY 10473July 12, 2007Full Service Brick and Mortar
    44482982Sheepshead Bay Branch2520 East 17th Street, Brooklyn, NY 11235October 27, 2008Full Service Brick and Mortar

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