Signature Bank in New York, New York (NY)



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Signature Bank
GeneralFDIC Certificate #: 57053
Status: Active
Federal Reserve ID: 2942690
Date Established: April 12, 2001
WWW: http://www.signatureny.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 26 (Domestic: 26, Interstate: No)
FDIC's unique #: 356455
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: April 12, 2001
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 565 Fifth Avenue, New York, NY 10017
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $14,666.1 mil
Equity capital: $1,408.1 mil
Deposits held in domestic offices: $11,754.6 mil
Return on assets (ROA): 1.14% ($167.2 mil)
Quarterly return on assets: 1.12% ($164.3 mil)
Return on Equity (ROE): 12.96% ($182.5 mil)
Quarterly return on equity: 11.53% ($162.3 mil)
Net income: $149.5 mil
Quarterly Net income: $40.0 mil
Pretax return on assets: 2.03% ($297,722.3 mil)
Quarterly Pretax return on assets: 2.00% ($293,322.4 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)
Total employees (full-time equivalent)720
Total assets$14,666,121
Cash and due from depository institutions$135,748
Interest-bearing balances$2,374
Securities$7,002,505
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$7,156,589
Loan loss allowance $86,162
Trading account assets$9
Bank premises and fixed assets$26,229
Other real estate owned$566
Goodwill and other intangibles$0
All other assets$344,475
Life insurance assets$14,666,121
Total liabilities and capital$13,258,005
Total liabilities$11,754,636
Total deposits$8,605,702
Interest-bearing deposits$11,754,636
Deposits held in domestic offices$45
% insured (estimated)750800.00%
Federal funds purchased & repurchase agreements $10
Trading liabilities$675,000
Other borrowed funds $0
Subordinated debt $77,559
All other liabilities $1,408,116
Total equity capital$1,408,116
Total bank equity capital$1,408,116
Perpetual preferred stock$0
Common stock$462
Surplus$954,833
Undivided profits $452,821
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $392,025
Income earned, not collected on loans $52,525
Earning assets $1,307
Long-term assets (5+ years) $60,533
Average Assets, year-to-date $14,161,468
Average Assets, quarterly $5,786,789
Volatile liabilities $13,132,393
Insider loans $14,261,885
FHLB advances $8,066,875
Loans and leases held for sale $14,255,031
Unused loan commitments $62,243
Tier 1 (core) risk-based capital $26,318
Tier 2 risk-based capital $1,378,218
Total risk weighted assets $35,925
Total unused commitments $0
Restructured Loans and leases $436,006
Derivatives$12,871
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $580,700
Total interest expense $120,809
Net interest income $459,891
Provision for loan and lease losses $51,876
Total noninterest income $26,085
Fiduciary activities $0
Service charges on deposit accounts $7,571
Trading account gains & fees $319
Additional noninterest income $18,195
Total noninterest expense $182,295
Salaries and employee benefits $114,367
Premises and equipment expense $22,376
Additional noninterest expense $45,552
Pre-tax net operating income $251,805
Securities gains (losses) $15,419
Applicable income taxes $117,699
Income before extraordinary items $149,525
Extraordinary gains - net $0
Net income attributable to bank $149,525
Net charge-offs $0
Cash dividends $149,525
Sale, conversion, retirement of capital stock, net $33,110
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.60%
Cost of funding earning assets 0.96%
Net interest margin 3.64%
Noninterest income to earning assets 0.21%
Noninterest expense to earning assets 1.44%
Net operating income to assets 1.06%
Return on assets (ROA) 1.14%
Pretax return on assets 2.03%
Return on equity (ROE) 12.96%
Retained earnings to average equity (YTD only) 12.96%
Net charge-offs to loans 0.52%
Credit loss provision to net charge-offs 156.68%
Efficiency ratio9.17%
Assets per employee$37,511
Cash dividends to net income (YTD only)20.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 164.04%
Noncurrent loans to loans 0.41%
Net loans and leases to deposits0.73%
Net loans and leases to core deposits 60.88%
Equity capital to assets 63.57%
Core capital (leverage) ratio 9.60%
Tier 1 risk-based capital ratio 9.67%
Total risk-based capital ratio 17.08%
Memoranda
Average assets$18
Average earning assets$13,132,393
Average equity $1,153,509
Average loans $12,636,680
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26 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0356455Signature Bank565 Fifth Avenue, New York, NY 10017April 12, 2001Full Service Brick and Mortar
1359944261 Madison Avenue261 Madison Avenue, New York, NY 10017April 12, 2001Full Service Brick and Mortar
2360813Third Branch950 Third Avenue, New York, NY 10022May 30, 2001Full Service Brick and Mortar
3360814Remson Branch26 Court Street And Remson Street, Brooklyn, NY 11242May 30, 2001Full Service Brick and Mortar
4360815300 Park Avenue Branch300 Park Avenue, New York, NY 10022May 30, 2001Full Service Brick and Mortar
536081671 Broadway Branch71 Broadway And Rector Street, New York, NY 10006May 30, 2001Full Service Brick and Mortar
63627101-C Quaker Ridge Road Branch1-C Quaker Ridge Road, New Rochelle, NY 10804December 10, 2001Full Service Brick and Mortar
7364125Garden City Branch1225 Franklin Avenue, Garden City, NY 11530June 24, 2002Full Service Brick and Mortar
8365363Brooklyn Branch84 Broadway, Brooklyn, NY 11211March 25, 2002Full Service Brick and Mortar
9430773Rockville Centre Branch279 Sunrise Highway, Rockville Centre, NY 11570March 15, 2004Full Service Brick and Mortar
10430774Melville Branch68 South Service Road, Melville, NY 11747April 26, 2004Full Service Brick and Mortar
11432314923 Broadway923 Broadway, Woodmere, NY 11598September 24, 2004Full Service Brick and Mortar
1243999436-36 33rd Street Long Island City36-36 33rd Street, Long Island City, NY 11106April 21, 2005Full Service Brick and Mortar
13445562Hunts Point Avenue Branch421 Hunts Point Avenue, Bronx, NY 10474November 10, 2005Full Service Brick and Mortar
14446196Hamilton Avenue Branch360 Hamilton Avenue, White Plains, NY 10601December 12, 2005Full Service Brick and Mortar
15446968Park Avenue South Branch200 Park Avenue South, New York, NY 10003January 23, 2006Full Service Brick and Mortar
16453863Madison Avenue Office1020 Madison Avenue, New York, NY 10021July 06, 2006Full Service Brick and Mortar
17462437Great Neck Branch40 Cuttermill Road, Great Neck, NY 11021April 12, 2007Full Service Brick and Mortar
1846400611 Broadway Branch11 Broadway, New York, NY 10006May 31, 2007
19465402Jackson Heights Branch78-37 37th Street, Jackson Heights, NY 11372October 10, 2006Full Service Brick and Mortar
20469909New Utrecht Avenue Branch6321 New Urecht Avenue, Brooklyn, NY 11219November 13, 2007Full Service Brick and Mortar
21474009Jericho Branch100 Jericho Quadrangle, Jericho, NY 11753March 31, 2008Full Service Brick and Mortar
22493456Staten Island Branch2066 Hylan Boulevard, Staten Island, NY 10306November 20, 2008Full Service Brick and Mortar
23495149West 57th Street Branch50 West 57th Street, New York, NY 10019September 16, 2009Full Service Brick and Mortar
24515147Sutphin Blvd. Branch89-36 Sutphin Blvd., Jamaica, NY 11435December 17, 2010Full Service Brick and Mortar
25522207Penn Plaza BranchTwo Penn Plaza, 17th Floor, New York, NY 10121August 19, 2011Full Service Brick and Mortar
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