Sunrise Federal Savings Bank in Farmingdale, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 11, 1996

  • Sunrise Federal Savings Bank in Farmingdale, New York (NY)
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Sunrise Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29269
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Reliance Federal Savings Bank (#29210)
    Federal Reserve ID: 978976
    Date Established: January 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3194
    FDIC's unique #: 42103
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 16, 1935
    Last Structure Change Effective Date: January 11, 1996
    Last Structure Change Process Date: March 15, 1996
    Last Data Update: March 15, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 312 Conklin Street, Farmingdale, NY 11735
    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: $603.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $194Total assets
  • $603,520Cash and due from depository institutions
  • $11,926Interest-bearing balances
  • $0Securities
  • $195,695Federal funds sold & reverse repurchase agreements
  • $6,950Net loans & leases
  • $370,785Loan loss allowance
  • $1,931Trading account assets
  • $0Bank premises and fixed assets
  • $3,091Other real estate owned
  • $651Goodwill and other intangibles
  • $11,838Life insurance assets
  • $2,584All other assets
  • $0Total liabilities and capital
  • $603,520Total liabilities
  • $543,792Total deposits
  • $494,418Interest-bearing deposits
  • $482,198Deposits held in domestic offices
  • 494418.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $47,753Subordinated debt
  • $0All other liabilities
  • $1,621Total equity capital
  • $1,621Total bank equity capital
  • $59,728Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $18,999Undivided profits
  • Memoranda
  • $40,728Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,904Income earned, not collected on loans
  • $2,552Earning assets
  • $573,430Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $599,070Average Assets, quarterly
  • $611,014Volatile liabilities
  • $70,916Insider loans
  • $1,155FHLB advances
  • $47,000Loans and leases held for sale
  • $0Unused loan commitments
  • $11,899Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $59,391Total risk weighted assets
  • $254,767Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $43,235Total interest expense
  • $21,528Net interest income
  • $21,707Provision for loan and lease losses
  • $344Total noninterest income
  • $2,536Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,536Total noninterest expense
  • $17,025Salaries and employee benefits
  • $10,469Premises and equipment expense
  • $2,712Additional noninterest expense
  • $3,844Pre-tax net operating income
  • $6,874Securities gains (losses)
  • $372Applicable income taxes
  • $3,709Income before extraordinary items
  • $3,537Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,537Net charge-offs
  • $0Cash dividends
  • $2,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.59%Cost of funding earning assets
  • 3.78%Net interest margin
  • 3.81%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 2.99%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 1.21%Return on equity (ROE)
  • 6.09%Retained earnings to average equity (YTD only)
  • 2.65%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,226Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.55%Loss allowance to loans
  • 0.52%Loss allowance to noncurrent loans
  • 32.71%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 74.99%Net loans and leases to core deposits
  • 78.68%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 9.85%Tier 1 risk-based capital ratio
  • 23.31%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $599,070Average earning assets
  • $58,068Average equity
  • $569,464Average loans

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