The Westchester Bank in Yonkers, New York (NY)



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The Westchester Bank
GeneralFDIC Certificate #: 58652
Status: Active
Federal Reserve ID: 3716320
Bank Holding Company (Regulatory Top Holder): Westchester Bank Holding Corporation, The (RSSDID: 3716339, Location: Yonkers, NY)
Date Established: June 18, 2008
WWW: http://www.thewestchesterbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 461633
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 18, 2008
Last Structure Change Effective Date: November 03, 2008
Last Structure Change Process Date: December 02, 2008
Last Data Update: December 02, 2008
Data Source Date: April 05, 2012
LocationAddress: 2001 Central Park Avenue, Yonkers, NY 10710
County: Westchester
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 SummaryTotal assets: $262.3 mil
Equity capital: $45.1 mil
Deposits held in domestic offices: $215.2 mil
Return on assets (ROA): 1.24% ($3.2 mil)
Quarterly return on assets: 3.00% ($7.9 mil)
Return on Equity (ROE): 8.50% ($3.8 mil)
Quarterly return on equity: 16.88% ($7.6 mil)
Net income: $2.8 mil
Quarterly Net income: $1.9 mil
Pretax return on assets: 0.58% ($1,521.3 mil)
Quarterly Pretax return on assets: 0.57% ($1,495.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)27
Total assets$262,298
Cash and due from depository institutions$32,628
Interest-bearing balances$21,551
Securities$57,094
Federal funds sold & reverse repurchase agreements$210
Net loans & leases$167,351
Loan loss allowance $2,774
Trading account assets$0
Bank premises and fixed assets$1,795
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,220
Life insurance assets$262,298
Total liabilities and capital$217,162
Total liabilities$215,216
Total deposits$157,997
Interest-bearing deposits$215,216
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,946
All other liabilities $45,136
Total equity capital$45,136
Total bank equity capital$45,136
Perpetual preferred stock$0
Common stock$7,500
Surplus$39,706
Undivided profits $-2,070
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 $144
Earning assets $0
Long-term assets (5+ years) $949
Average Assets, year-to-date $246,206
Average Assets, quarterly $83,950
Volatile liabilities $228,348
Insider loans $249,461
FHLB advances $173,376
Loans and leases held for sale $250,472
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $42,989
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $52,253
Derivatives$8,988
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,228
Total interest expense $1,764
Net interest income $8,464
Provision for loan and lease losses $1,586
Total noninterest income $322
Fiduciary activities $0
Service charges on deposit accounts $281
Trading account gains & fees $0
Additional noninterest income $41
Total noninterest expense $5,991
Salaries and employee benefits $3,238
Premises and equipment expense $896
Additional noninterest expense $1,857
Pre-tax net operating income $1,209
Securities gains (losses) $112
Applicable income taxes -$1,513
Income before extraordinary items $2,834
Extraordinary gains - net $0
Net income attributable to bank $2,834
Net charge-offs $0
Cash dividends $2,834
Sale, conversion, retirement of capital stock, net $497
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
Cost of funding earning assets 0.83%
Net interest margin 3.96%
Noninterest income to earning assets 0.15%
Noninterest expense to earning assets 2.80%
Net operating income to assets 1.19%
Return on assets (ROA) 1.24%
Pretax return on assets 0.58%
Return on equity (ROE) 8.50%
Retained earnings to average equity (YTD only) 8.50%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 319.11%
Efficiency ratio5.62%
Assets per employee$68,188
Cash dividends to net income (YTD only)9.71%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 1926.39%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.08%
Net loans and leases to core deposits 77.76%
Equity capital to assets 79.33%
Core capital (leverage) ratio 17.21%
Tier 1 risk-based capital ratio 17.16%
Total risk-based capital ratio 24.80%
Memoranda
Average assets$26
Average earning assets$228,348
Average equity $33,322
Average loans $213,746
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2 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0461633The Westchester Bank2001 Central Park Avenue, Yonkers, NY 10710June 18, 2008Full Service Brick and Mortar
1501284White Plains Branch464 Mamaroneck Avenue, White Plains, NY 10605November 16, 2009Full Service Retail
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