Sound Federal Savings in White Plains, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 2006

  • Sound Federal Savings in White Plains, New York (NY)
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Sound Federal Savings - Overview

  • General
  • FDIC Certificate #: 28485
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson City Savings Bank (#13074)
    Federal Reserve ID: 535678
    Date Established: January 01, 1890
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1680
    FDIC's unique #: 41319
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 13, 1935
    Last Structure Change Effective Date: July 14, 2006
    Last Structure Change Process Date: July 25, 2006
    Last Data Update: July 25, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1311 Mamaroneck Avenue, Suite 190, White Plains, NY 10605
    County: Westchester
    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: $1,210.8 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, 2005)

  • Dollar figures in thousands
  • 133Total employees (full-time equivalent)
  • $1,138,096Total assets
  • $12,034Cash and due from depository institutions
  • $0Interest-bearing balances
  • $329,601Securities
  • $44,116Federal funds sold & reverse repurchase agreements
  • $710,750Net loans & leases
  • $3,236Loan loss allowance
  • $0Trading account assets
  • $5,687Bank premises and fixed assets
  • $0Other real estate owned
  • $13,970Goodwill and other intangibles
  • $10,748Life insurance assets
  • $21,938All other assets
  • $1,138,096Total liabilities and capital
  • $1,021,082Total liabilities
  • $982,481Total deposits
  • $957,447Interest-bearing deposits
  • $982,481Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,000Other borrowed funds
  • $0Subordinated debt
  • $3,601All other liabilities
  • $117,014Total equity capital
  • $117,014Total bank equity capital
  • $117,014Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $51,102Undivided profits
  • Memoranda
  • $65,912Noncurrent loans and leases
  • $75,903Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,689Earning assets
  • $0Long-term assets (5+ years)
  • $4,796Average Assets, year-to-date
  • $1,084,467Average Assets, quarterly
  • $0Volatile liabilities
  • $1,052,338Insider loans
  • $1,109,341FHLB advances
  • $305,594Loans and leases held for sale
  • $735Unused loan commitments
  • $35,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $75,903Total unused commitments
  • $0Restructured Loans and leases
  • $3,236Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $48,180Total interest income
  • $21,812Total interest expense
  • $26,368Net interest income
  • $300Provision for loan and lease losses
  • $1,994Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,994Additional noninterest income
  • $20,323Total noninterest expense
  • $11,741Salaries and employee benefits
  • $4,417Premises and equipment expense
  • $4,165Additional noninterest expense
  • $7,739Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,033Applicable income taxes
  • $4,706Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,706Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 2.19%Cost of funding earning assets
  • 2.65%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.04%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 4.09%Return on equity (ROE)
  • 4.09%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 30000.00%Credit loss provision to net charge-offs
  • 8039.00%Efficiency ratio
  • 71,656Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 120.34%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 72.34%Net loans and leases to core deposits
  • 99.84%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 20.13%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $1,052,338Average earning assets
  • $114,928Average equity
  • $995,894Average loans

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