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)
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State Bank of Long Island routing number info

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

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