The Dime Svgs. Bank of Williamsburgh in Brooklyn, New York (NY)
Table of contents:
| The Dime Svgs. Bank of Williamsburgh | |
|---|---|
| General | FDIC Certificate #: 16012 Status: Active Federal Reserve ID: 924405 Date Established: June 01, 1864 WWW: http://www.dime.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 26 (Domestic: 26, Interstate: No) OTS Docket #: 13383 FDIC's unique #: 10242 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 209 Havemeyer Street, Brooklyn, NY 11211 County: Kings 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) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $4,009.9 mil Equity capital: $405.4 mil Deposits held in domestic offices: $2,426.7 mil Return on assets (ROA): 1.23% ($49.3 mil) Quarterly return on assets: 1.33% ($53.3 mil) Return on Equity (ROE): 12.76% ($51.7 mil) Quarterly return on equity: 13.27% ($53.7 mil) Net income: $49.9 mil Quarterly Net income: $13.4 mil Pretax return on assets: 2.07% ($83,003.9 mil) Quarterly Pretax return on assets: 2.10% ($84,206.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 384 |
| Total assets | $4,009,852 |
| Cash and due from depository institutions | $43,308 |
| Interest-bearing balances | $34,125 |
| Securities | $269,910 |
| Federal funds sold & reverse repurchase agreements | $951 |
| Net loans & leases | $3,442,953 |
| Loan loss allowance | $20,495 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,646 |
| Other real estate owned | $490 |
| Goodwill and other intangibles | $57,258 |
| All other assets | $162,336 |
| Life insurance assets | $4,009,852 |
| Total liabilities and capital | $3,604,449 |
| Total liabilities | $2,426,748 |
| Total deposits | $2,372,527 |
| Interest-bearing deposits | $2,426,748 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 195000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $943,496 |
| Other borrowed funds | $0 |
| Subordinated debt | $39,205 |
| All other liabilities | $405,403 |
| Total equity capital | $405,403 |
| Total bank equity capital | $405,403 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $199,730 |
| Undivided profits | $205,672 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $33,117 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $15,467 |
| Average Assets, year-to-date | $3,747,939 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $4,054,947 |
| Insider loans | $4,018,072 |
| FHLB advances | $3,009,492 |
| Loans and leases held for sale | $3,951,801 |
| Unused loan commitments | $52,511 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $347,822 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $88,470 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $209,023 |
| Total interest expense | $64,897 |
| Net interest income | $144,126 |
| Provision for loan and lease losses | $6,846 |
| Total noninterest income | $8,492 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $8,492 |
| Total noninterest expense | $61,255 |
| Salaries and employee benefits | $37,485 |
| Premises and equipment expense | $12,479 |
| Additional noninterest expense | $11,291 |
| Pre-tax net operating income | $84,517 |
| Securities gains (losses) | -$728 |
| Applicable income taxes | $33,863 |
| Income before extraordinary items | $49,926 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $49,926 |
| Net charge-offs | $0 |
| Cash dividends | $49,926 |
| Sale, conversion, retirement of capital stock, net | $5,925 |
| Net operating income | $20,012 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.51% |
| Cost of funding earning assets | 1.71% |
| Net interest margin | 3.80% |
| Noninterest income to earning assets | 0.22% |
| Noninterest expense to earning assets | 1.62% |
| Net operating income to assets | 1.24% |
| Return on assets (ROA) | 1.23% |
| Pretax return on assets | 2.07% |
| Return on equity (ROE) | 12.76% |
| Retained earnings to average equity (YTD only) | 7.64% |
| Net charge-offs to loans | 0.17% |
| Credit loss provision to net charge-offs | 115.54% |
| Efficiency ratio | 15.42% |
| Assets per employee | $40,136 |
| Cash dividends to net income (YTD only) | 10.44% |
| Condition Ratios (%) | |
| Loss allowance to loans | 40.08% |
| Loss allowance to noncurrent loans | 0.59% |
| Noncurrent assets plus other real estate owned to assets | 61.89% |
| Noncurrent loans to loans | 0.83% |
| Net loans and leases to deposits | 0.96% |
| Net loans and leases to core deposits | 141.88% |
| Equity capital to assets | 146.51% |
| Core capital (leverage) ratio | 10.11% |
| Tier 1 risk-based capital ratio | 9.11% |
| Total risk-based capital ratio | 11.56% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $4,054,947 |
| Average equity | $391,335 |
| Average loans | $3,790,747 |
| 26 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10242 | The Dime Svgs. Bank Of Williamsburgh | 209 Havemeyer Street, Brooklyn, NY 11211 | June 01, 1864 | Full Service Brick and Mortar |  |
| 2 | 236667 | Bronx Branch | 1931 Turnbull Avenue, Bronx, NY 10473 | June 26, 1965 | Full Service Brick and Mortar |  |
| 3 | 236668 | Bayside Branch | 6138 Springfield Boulevard, Oakland Gardens, NY 11364 | October 01, 1963 | Full Service Brick and Mortar | |
| 4 | 236669 | Hillcrest Branch | 176-47 Union Turnpike, Fresh Meadows, NY 11366 | September 23, 1971 | Full Service Brick and Mortar | |
| 5 | 236670 | Bellmore Branch | 2412 Jerusalem Avenue, Bellmore, NY 11710 | December 12, 1973 | Full Service Brick and Mortar | |
| 8 | 43338 | Avenue M Branch | 1600 Avenue M, Brooklyn, NY 11230 | January 01, 1895 | Full Service Brick and Mortar | |
| 10 | 280146 | Marine Park Branch | 2172 Coyle Street, Brooklyn, NY 11229 | January 01, 1885 | Full Service Brick and Mortar | |
| 11 | 280147 | Kings Highway Branch | 1902 Kings Highway, Brooklyn, NY 11229 | January 01, 1885 | Full Service Brick and Mortar | |
| 12 | 280148 | Port Washington Branch | 1000 Port Washington Boulevard, Port Washington, NY 11050 | January 01, 1885 | Full Service Brick and Mortar | |
| 13 | 280149 | Bensonhurst Branch | 1545 86th Street, Brooklyn, NY 11228 | January 01, 1885 | Full Service Brick and Mortar | |
| 15 | 280150 | Whitestone Branch | 2444 Francis Lewis Boulevard, Whitestone, NY 11357 | March 01, 1992 | Full Service Brick and Mortar | |
| 16 | 280151 | Westbury Branch | 622 Old Country Road, Westbury, NY 11590 | April 29, 1995 | Full Service Brick and Mortar | |
| 17 | 43169 | Sunnyside Branch | 42-25 Queens Blvd, Sunnyside, NY 11104 | December 26, 1947 | Full Service Brick and Mortar | |
| 18 | 280038 | Long Island City Branch | 45-14 46th St, Long Island City, NY 11104 | December 26, 1947 | Full Service Brick and Mortar | |
| 19 | 280039 | Jackson Heights Branch | 75-23 37th Avenue, Jackson Heights, NY 11372 | December 26, 1947 | Full Service Brick and Mortar | |
| 20 | 280040 | Greenpoint Branch | 814 Manhattan Ave, Brooklyn, NY 11222 | December 26, 1947 | Full Service Brick and Mortar | |
| 21 | 280041 | Flushing Branch | 59-23 Main St, Flushing, NY 11355 | December 26, 1947 | Full Service Brick and Mortar | |
| 22 | 464137 | Merrick Branch | 1775 Merrick Avenue, Merrick, NY 11566 | June 30, 1998 | Full Service Brick and Mortar | |
| 23 | 464140 | Bayridge Branch | 7524 Third Avenue, Brooklyn, NY 11209 | March 01, 2002 | Full Service Brick and Mortar | |
| 24 | 464142 | Glen Oaks Branch | 25315 Union Turnpike, Glen Oaks, NY 11004 | June 05, 2002 | Full Service Brick and Mortar | |
| 25 | 464144 | Valley Stream Branch | 175 West Merrick Road, Valley Stream, NY 11580 | March 04, 2006 | Full Service Brick and Mortar | |
| 26 | 491824 | Boro Park Branch | 5003 13th Avenue, Brooklyn, NY 11219 | April 07, 2008 | Full Service Brick and Mortar | |
| 27 | 495113 | Brooklyn Heights Branch | 188 Montague Street, Brooklyn, NY 11211 | December 11, 2008 | Full Service Brick and Mortar | |
| 28 | 512617 | Cedarhurst Branch | 432 Central Avenue, Cedarhurst, NY 11516 | June 03, 2010 | Full Service Brick and Mortar | |
| 29 | 522099 | Garden City Park Branch | 2401 Jericho Turnpike, New Hyde Park, NY 11040 | August 30, 2010 | Full Service Brick and Mortar | |
| 30 | 522100 | 86th Street Branch | 8520 4th Avenue, Brooklyn, NY 11209 | April 07, 2011 | Full Service Brick and Mortar | |
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