FDIC Certificate #: 19736 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Commercial Bank (#32469) Federal Reserve ID: 714811 Date Established: August 01, 1967 WWW:http://www.cabbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 13532 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 01, 1967 Last Structure Change Effective Date: May 24, 2007 Last Structure Change Process Date: June 05, 2007 Last Data Update: June 05, 2007 Data Source Date: April 05, 2012
Location
Address: 77 Bowery, New York, NY 10002 County: New York 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: $343.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
72Total employees (full-time equivalent)
$333,017Total assets
$18,663Cash and due from depository institutions
$12,004Interest-bearing balances
$109,981Securities
$10,000Federal funds sold & reverse repurchase agreements
$169,632Net loans & leases
$2,545Loan loss allowance
$0Trading account assets
$11,059Bank premises and fixed assets
$0Other real estate owned
$6,883Goodwill and other intangibles
$0Life insurance assets
$6,799All other assets
$333,017Total liabilities and capital
$286,253Total liabilities
$281,663Total deposits
$219,328Interest-bearing deposits
$281,663Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,590All other liabilities
$46,764Total equity capital
$46,764Total bank equity capital
$46,764Perpetual preferred stock
$0Common stock
$2,100Surplus
$37,971Undivided profits
Memoranda
$6,693Noncurrent loans and leases
$49,688Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,536Earning assets
$0Long-term assets (5+ years)
$2,082Average Assets, year-to-date
$301,617Average Assets, quarterly
$1,816Volatile liabilities
$330,928Insider loans
$327,307FHLB advances
$71,096Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$402Tier 2 risk-based capital
$0Total risk weighted assets
$49,688Total unused commitments
$0Restructured Loans and leases
$2,571Derivatives
$8,444Total assets and liabilities in foreign offices
Income and Expense (December 31, 2006)
Dollar figures in thousands
$20,405Total interest income
$6,251Total interest expense
$14,154Net interest income
$1,334Provision for loan and lease losses
$1,511Total noninterest income
$0Fiduciary activities
$272Service charges on deposit accounts
$0Trading account gains & fees
$1,239Additional noninterest income
$8,984Total noninterest expense
$4,807Salaries and employee benefits
$1,741Premises and equipment expense
$2,436Additional noninterest expense
$5,347Pre-tax net operating income
-$95Securities gains (losses)
$2,305Applicable income taxes
$2,947Income before extraordinary items
$0Extraordinary gains - net
$2,947Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$114Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.85%Yield on earning assets
2.10%Cost of funding earning assets
4.75%Net interest margin
0.51%Noninterest income to earning assets
3.02%Noninterest expense to earning assets
0.91%Net operating income to assets
0.89%Return on assets (ROA)
1.59%Pretax return on assets
6.47%Return on equity (ROE)
6.47%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
1170.18%Credit loss provision to net charge-offs
58.61%Efficiency ratio
57,351Assets per employee
4.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
100.35%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
1.47%Net loans and leases to deposits
60.23%Net loans and leases to core deposits
80.56%Equity capital to assets
14.04%Core capital (leverage) ratio
12.34%Tier 1 risk-based capital ratio
15.34%Total risk-based capital ratio
Memoranda
$16Average assets
$330,928Average earning assets
$45,540Average equity
$297,736Average loans
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