Shinhan Bank America in New York, New York (NY), CA, GA, NJ, TX
Overview, Financial Summary, Detailed Financial Reports, Branches


Shinhan Bank America - Overview

  • General
  • FDIC Certificate #: 33188
    Status: Active
    Federal Reserve ID: 1494914
    Bank Holding Company (Regulatory Top Holder): Shinhan Financial Group Co., Ltd. (RSSDID: 3107964, Location: Seoul)
    Date Established: October 18, 1990
    WWW: http://www.shbamerica.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: Yes)
    FDIC's unique #: 46425
    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: October 18, 1990
    Last Structure Change Effective Date: April 03, 2012
    Last Structure Change Process Date: April 03, 2012
    Last Data Update: April 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 330 Fifth Avenue, 4th Floor, New York, NY 10001
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $958.9 mil
    Equity capital: $97.4 mil
    Deposits held in domestic offices: $853.3 mil
    Return on assets (ROA): 0.35% ($3.4 mil)
    Quarterly return on assets: -0.71% (-$6.8 mil)
    Return on Equity (ROE): 3.48% ($3.4 mil)
    Quarterly return on equity: -6.99% (-$6.8 mil)
    Net income: $3.3 mil
    Quarterly Net income: -$1.7 mil
    Pretax return on assets: 0.35% ($3,356.1 mil)
    Quarterly Pretax return on assets: -0.71% (-$6,808.0 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
  • 217Total employees (full-time equivalent)
  • $958,880Total assets
  • $62,308Cash and due from depository institutions
  • $0Interest-bearing balances
  • $125,998Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $735,834Net loans & leases
  • $32,723Loan loss allowance
  • $0Trading account assets
  • $14,024Bank premises and fixed assets
  • $9,890Other real estate owned
  • $680Goodwill and other intangibles
  • $958,880Life insurance assets
  • $10,146All other assets
  • $861,482Total liabilities and capital
  • $853,286Total liabilities
  • $639,808Total deposits
  • $853,286Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,196Subordinated debt
  • $97,398All other liabilities
  • $97,398Total equity capital
  • $97,398Total bank equity capital
  • $0Perpetual preferred stock
  • $123,000Common stock
  • $36,823Surplus
  • $-62,425Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,146Income earned, not collected on loans
  • $3,105Earning assets
  • $3,378Long-term assets (5+ years)
  • $861,832Average Assets, year-to-date
  • $295,250Average Assets, quarterly
  • $956,773Volatile liabilities
  • $968,562Insider loans
  • $667,397FHLB advances
  • $972,345Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $93,424Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,965Restructured Loans and leases
  • $347Derivatives
  • $3,763Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,176Total interest income
  • $9,261Total interest expense
  • $38,915Net interest income
  • $11,533Provision for loan and lease losses
  • $11,143Total noninterest income
  • $0Fiduciary activities
  • $964Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,179Additional noninterest income
  • $35,230Total noninterest expense
  • $15,449Salaries and employee benefits
  • $7,665Premises and equipment expense
  • $12,116Additional noninterest expense
  • $3,295Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $3,295Income before extraordinary items
  • $48Extraordinary gains - net
  • $3,343Net income attributable to bank
  • $0Net charge-offs
  • $3,343Cash dividends
  • $19,868Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 4.55%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 2.56%Net charge-offs to loans
  • 58.05%Credit loss provision to net charge-offs
  • 0.75%Efficiency ratio
  • 69,431Assets per employee
  • 4.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.26%Loss allowance to noncurrent loans
  • 216.05%Noncurrent assets plus other real estate owned to assets
  • 2.61%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 86.24%Net loans and leases to core deposits
  • 100.77%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 14.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $956,773Average earning assets
  • $95,956Average equity
  • $854,652Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    239611California Regional Office/Olympic B3000 West Olympic Boulevard, Los Angeles, CA 90006October 03, 1988Full Service Brick and Mortar
    4445687Buena Park Branch6771 Beach Boulevard, Buena Park, CA 90621August 04, 2005Full Service Brick and Mortar
    7467445La Downtown Branch738 E. Pico Boulevard, Los Angeles, CA 90021September 15, 2006Full Service Brick and Mortar
    10477396Irvine Branch2730 Alton Parkway, Irvine, CA 92606May 30, 2008Full Service Brick and Mortar
  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    961113Nab Branch10595 Old Alabama Road Connector, Alpharetta, GA 30022November 16, 1998Full Service Brick and Mortar
    12484682Duluth Branch2170 Pleasant Hill Road, Duluth, GA 30096October 29, 2008Full Service Brick and Mortar
  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6226207Fort Lee Branch222 Main Street, Fort Lee, NJ 7024October 18, 1997Full Service Brick and Mortar
    11481647Palisades Park Branch21 Grand Avenue, Palisades Park, NJ 7650October 16, 2008Full Service Brick and Mortar
  • 6 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046425Shinhan Bank America330 Fifth Avenue, 4th Floor, New York, NY 10001October 18, 1990Full Service Brick and Mortar
    1289356Flushing Branch136-20 38th Avenue, Flushing, NY 11354April 13, 1995Full Service Brick and Mortar
    3442599Manhattan Branch313 Fifth Avenue, New York, NY 10016June 27, 2005Full Service Brick and Mortar
    5452356Northern-150 Branch150-29 Northern Blvd, Flushing, NY 11354August 19, 2005Full Service Brick and Mortar
    8467446Bayside Branch211-11 Northern Boulevard, Bayside, NY 11361October 06, 2006Full Service Brick and Mortar
    13490163Little Neck Branch252-20 Northern Blvd., Little Neck, NY 11362January 16, 2009Full Service Brick and Mortar
  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1414809Dallas Branch2240 Royal Lane Suite 303, Dallas, TX 75229January 21, 1974Full Service Brick and Mortar

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

CAPTCHA

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