State Bank of Long Island in Jericho, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2012

State Bank of Long Island - Overview

  • General
  • FDIC Certificate #: 19695
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 651103
    Bank Holding Company (Regulatory Top Holder): State Bancorp, Inc. (RSSDID: 1138861, Location: New Hyde Park, NY)
    Date Established: March 31, 1967
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 12856
    FDIC's unique #: 13494
    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: March 31, 1967
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 10, 2012
    Last Data Update: January 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Jericho Plaza, Jericho, NY 11753
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • Financial Summary
  • Total assets: $1,602.6 mil
    Equity capital: $175.0 mil
    Deposits held in domestic offices: $1,380.7 mil
    Return on assets (ROA): 0.86% ($13.8 mil)
    Quarterly return on assets: 0.08% ($1.3 mil)
    Return on Equity (ROE): 7.80% ($13.7 mil)
    Quarterly return on equity: 0.69% ($1.2 mil)
    Net income: $13.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.41% ($22,596.1 mil)
    Quarterly Pretax return on assets: 0.13% ($2,083.3 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
  • 239Total employees (full-time equivalent)
  • $1,602,557Total assets
  • $117,586Cash and due from depository institutions
  • $92,142Interest-bearing balances
  • $274,447Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,137,809Net loans & leases
  • $21,563Loan loss allowance
  • $0Trading account assets
  • $4,879Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,602,557Life insurance assets
  • $67,836All other assets
  • $1,427,585Total liabilities and capital
  • $1,380,703Total liabilities
  • $1,005,623Total deposits
  • $1,380,703Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,000Trading liabilities
  • $0Other borrowed funds
  • $15,882Subordinated debt
  • $174,972All other liabilities
  • $174,972Total equity capital
  • $174,972Total bank equity capital
  • $0Perpetual preferred stock
  • $3,150Common stock
  • $121,857Surplus
  • $49,965Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,987Income earned, not collected on loans
  • $0Earning assets
  • $5,386Long-term assets (5+ years)
  • $1,504,398Average Assets, year-to-date
  • $324,338Average Assets, quarterly
  • $1,602,889Volatile liabilities
  • $1,609,807Insider loans
  • $1,284,355FHLB advances
  • $1,633,864Loans and leases held for sale
  • $30,843Unused loan commitments
  • $259Tier 1 (core) risk-based capital
  • $162,851Tier 2 risk-based capital
  • $30,584Total risk weighted assets
  • $0Total unused commitments
  • $198,607Restructured Loans and leases
  • $824Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $73,238Total interest income
  • $8,399Total interest expense
  • $64,839Net interest income
  • -$500Provision for loan and lease losses
  • $3,683Total noninterest income
  • $0Fiduciary activities
  • $1,791Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,892Additional noninterest income
  • $47,465Total noninterest expense
  • $24,098Salaries and employee benefits
  • $5,997Premises and equipment expense
  • $17,370Additional noninterest expense
  • $21,557Pre-tax net operating income
  • $1,069Securities gains (losses)
  • $8,785Applicable income taxes
  • $13,841Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,841Net income attributable to bank
  • $0Net charge-offs
  • $13,841Cash dividends
  • $11,015Sale, conversion, retirement of capital stock, net
  • $13,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 7.80%Return on equity (ROE)
  • 0.36%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • -4.54%Credit loss provision to net charge-offs
  • 1.91%Efficiency ratio
  • 69,270Assets per employee
  • 6.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.37%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 239.94%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 82.41%Net loans and leases to core deposits
  • 102.29%Equity capital to assets
  • 10.92%Core capital (leverage) ratio
  • 9.97%Tier 1 risk-based capital ratio
  • 12.68%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,602,889Average earning assets
  • $177,400Average equity
  • $1,504,394Average loans

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