- bankencyclopedia.com
- Banks in New York (NY)
- State Bank of Long Island
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 in Jericho, New York (NY)
-
Show street view
No street view available for this location
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
WWW: http://www.statebankofli.com
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
- bankencyclopedia.com
- Banks in New York (NY)
- State Bank of Long Island
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with State Bank of Long Island.
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.
Comment about this bank, ask questions, or add new information about it: