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


Savoy Bank - Overview

  • General
  • FDIC Certificate #: 58641
    Status: Active
    Federal Reserve ID: 3685396
    Date Established: January 15, 2008
    WWW: http://www.banksavoy.com
    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 #: 460988
    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
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 15, 2008
    Last Structure Change Effective Date: August 01, 2011
    Last Structure Change Process Date: August 18, 2011
    Last Data Update: August 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1675 Broadway, New York, NY 10019
    County: New York
    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: $78.9 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $69.8 mil
    Return on assets (ROA): -1.84% (-$1.5 mil)
    Quarterly return on assets: -2.22% (-$1.8 mil)
    Return on Equity (ROE): -16.83% (-$1.3 mil)
    Quarterly return on equity: -21.92% (-$1.8 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.81% (-$1,428.7 mil)
    Quarterly Pretax return on assets: -2.19% (-$1,728.7 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
  • 13Total employees (full-time equivalent)
  • $78,934Total assets
  • $5,023Cash and due from depository institutions
  • $3,638Interest-bearing balances
  • $8,544Securities
  • $10,500Federal funds sold & reverse repurchase agreements
  • $53,283Net loans & leases
  • $2,637Loan loss allowance
  • $0Trading account assets
  • $1,067Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $78,934Life insurance assets
  • $517All other assets
  • $70,834Total liabilities and capital
  • $69,765Total liabilities
  • $55,644Total deposits
  • $69,765Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,069Subordinated debt
  • $8,100All other liabilities
  • $8,100Total equity capital
  • $8,100Total bank equity capital
  • $0Perpetual preferred stock
  • $3,528Common stock
  • $19,264Surplus
  • $-14,692Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,681Income earned, not collected on loans
  • $0Earning assets
  • $268Long-term assets (5+ years)
  • $75,965Average Assets, year-to-date
  • $10,410Average Assets, quarterly
  • $80,766Volatile liabilities
  • $82,342Insider loans
  • $58,807FHLB advances
  • $81,728Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,842Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,447Restructured Loans and leases
  • $789Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,841Total interest income
  • $731Total interest expense
  • $3,110Net interest income
  • $551Provision for loan and lease losses
  • $91Total noninterest income
  • $0Fiduciary activities
  • $29Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62Additional noninterest income
  • $4,110Total noninterest expense
  • $1,439Salaries and employee benefits
  • $1,223Premises and equipment expense
  • $1,448Additional noninterest expense
  • -$1,460Pre-tax net operating income
  • $0Securities gains (losses)
  • $23Applicable income taxes
  • -$1,483Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,483Net income attributable to bank
  • $0Net charge-offs
  • -$1,483Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 5.34%Noninterest expense to earning assets
  • -1.84%Net operating income to assets
  • -1.84%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -16.83%Return on equity (ROE)
  • -16.83%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 1620.59%Credit loss provision to net charge-offs
  • -26.74%Efficiency ratio
  • 128,397Assets per employee
  • 6.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.72%Loss allowance to noncurrent loans
  • 34.33%Noncurrent assets plus other real estate owned to assets
  • 9.73%Noncurrent loans to loans
  • 13.74%Net loans and leases to deposits
  • 76.37%Net loans and leases to core deposits
  • 83.48%Equity capital to assets
  • 10.26%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 13.34%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $80,766Average earning assets
  • $8,813Average equity
  • $77,014Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0460988Savoy Bank1675 Broadway, New York, NY 10019January 15, 2008Full Service Brick and Mortar

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