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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Savoy Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents