The Warwick Savings Bank in Warwick, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2004

  • The Warwick Savings Bank in Warwick, New York (NY)
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The Warwick Savings Bank - Overview

  • General
  • FDIC Certificate #: 15988
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Provident Bank (#30337)
    Federal Reserve ID: 588517
    Date Established: January 01, 1875
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 12905
    FDIC's unique #: 10219
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: October 01, 2004
    Last Structure Change Process Date: January 13, 2005
    Last Data Update: January 13, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 Oakland Avenue, Warwick, NY 10990
    County: Orange
    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): Newburgh, NY-PA (#5660)
    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): Poughkeepsie-Newburgh-Middletown, NY (#39100)
    CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
  • Financial Summary
  • Total assets: $667.2 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, 2003)

  • Dollar figures in thousands
  • 123Total employees (full-time equivalent)
  • $714,207Total assets
  • $53,888Cash and due from depository institutions
  • $37,467Interest-bearing balances
  • $337,676Securities
  • $2,805Federal funds sold & reverse repurchase agreements
  • $279,196Net loans & leases
  • $4,480Loan loss allowance
  • $0Trading account assets
  • $8,366Bank premises and fixed assets
  • $505Other real estate owned
  • $1,517Goodwill and other intangibles
  • $0Life insurance assets
  • $30,254All other assets
  • $714,207Total liabilities and capital
  • $657,285Total liabilities
  • $462,962Total deposits
  • $431,875Interest-bearing deposits
  • $462,962Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,895Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $166,667Other borrowed funds
  • $0Subordinated debt
  • $7,761All other liabilities
  • $56,922Total equity capital
  • $56,922Total bank equity capital
  • $56,922Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $38,525Undivided profits
  • Memoranda
  • $18,397Noncurrent loans and leases
  • $68,628Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,211Earning assets
  • $0Long-term assets (5+ years)
  • $2,987Average Assets, year-to-date
  • $657,144Average Assets, quarterly
  • $326,225Volatile liabilities
  • $747,849Insider loans
  • $719,372FHLB advances
  • $43,392Loans and leases held for sale
  • $191Unused loan commitments
  • $163,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $445Total risk weighted assets
  • $68,628Total unused commitments
  • $0Restructured Loans and leases
  • $4,396Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $36,644Total interest income
  • $17,053Total interest expense
  • $19,591Net interest income
  • $65Provision for loan and lease losses
  • $4,629Total noninterest income
  • $0Fiduciary activities
  • $1,954Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,675Additional noninterest income
  • $15,559Total noninterest expense
  • $8,741Salaries and employee benefits
  • $1,703Premises and equipment expense
  • $5,115Additional noninterest expense
  • $8,596Pre-tax net operating income
  • $339Securities gains (losses)
  • $3,229Applicable income taxes
  • $5,706Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,706Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $12,900Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 2.84%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 9.41%Return on equity (ROE)
  • -11.87%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 68.42%Credit loss provision to net charge-offs
  • 91.17%Efficiency ratio
  • 63,386Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 226.08%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 202.62%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 60.31%Net loans and leases to core deposits
  • 61.91%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 15.81%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $747,849Average earning assets
  • $60,616Average equity
  • $689,666Average loans

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