The Long Island Savings Bank, FSB in Melville, New York (NY)



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The Long Island Savings Bank, FSB
GeneralFDIC Certificate #: 29037
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Astoria Federal Savings and Loan Association (#29805)
Federal Reserve ID: 887779
Date Established: January 01, 1923
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2811
FDIC's unique #: 41871
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 24, 1935
Last Structure Change Effective Date: October 01, 1998
Last Structure Change Process Date: November 10, 1998
Last Data Update: November 10, 1998
Data Source Date: April 05, 2012
LocationAddress: 201 Old Country Rd., Melville, NY 11747
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 SummaryTotal assets: $6,569.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,379
Total assets$6,028,561
Cash and due from depository institutions$68,621
Interest-bearing balances$762
Securities$1,952,072
Federal funds sold & reverse repurchase agreements$49,500
Net loans & leases$3,680,031
Loan loss allowance $33,734
Trading account assets$0
Bank premises and fixed assets$87,007
Other real estate owned$10,366
Goodwill and other intangibles$49,454
All other assets$131,510
Life insurance assets$0
Total liabilities and capital$6,028,561
Total liabilities$5,567,212
Total deposits$3,851,370
Interest-bearing deposits$3,660,100
Deposits held in domestic offices$3,851,370
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,171,000
Trading liabilities$0
Other borrowed funds $163,786
Subordinated debt $299,422
All other liabilities $81,634
Total equity capital$461,349
Total bank equity capital$461,349
Perpetual preferred stock$461,349
Common stock$0
Surplus$1
Undivided profits $174,596
Memoranda
Noncurrent loans and leases $286,752
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $44,563
Long-term assets (5+ years) $0
Average Assets, year-to-date $21,219
Average Assets, quarterly $5,682,365
Volatile liabilities $0
Insider loans $5,851,127
FHLB advances $5,962,757
Loans and leases held for sale $1,706,970
Unused loan commitments $2,176
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $386,924
Restructured Loans and leases $0
Derivatives$3,014,780
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $401,394
Total interest expense $251,831
Net interest income $149,563
Provision for loan and lease losses $6,000
Total noninterest income $28,933
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $28,933
Total noninterest expense $106,425
Salaries and employee benefits $59,711
Premises and equipment expense $21,465
Additional noninterest expense $25,249
Pre-tax net operating income $66,071
Securities gains (losses) $13,504
Applicable income taxes $31,066
Income before extraordinary items $48,509
Extraordinary gains - net $0
Net income attributable to bank $48,509
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $5,754
Net operating income $25,000
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.27%
Cost of funding earning assets 4.56%
Net interest margin 2.71%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 1.93%
Net operating income to assets 0.68%
Return on assets (ROA) 0.83%
Pretax return on assets 1.36%
Return on equity (ROE) 10.77%
Retained earnings to average equity (YTD only) 5.22%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 104.28%
Efficiency ratio12.53%
Assets per employee$59,353
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 51.54%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 75.70%
Noncurrent loans to loans 0.87%
Net loans and leases to deposits1.20%
Net loans and leases to core deposits 95.55%
Equity capital to assets 105.77%
Core capital (leverage) ratio 7.65%
Tier 1 risk-based capital ratio 7.37%
Total risk-based capital ratio 14.69%
Memoranda
Average assets$16
Average earning assets$5,851,127
Average equity $450,469
Average loans $5,522,983
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