The Westchester Bank in Yonkers, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Westchester Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 27Total employees (full-time equivalent)
  • $262,298Total assets
  • $32,628Cash and due from depository institutions
  • $21,551Interest-bearing balances
  • $57,094Securities
  • $210Federal funds sold & reverse repurchase agreements
  • $167,351Net loans & leases
  • $2,774Loan loss allowance
  • $0Trading account assets
  • $1,795Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $262,298Life insurance assets
  • $3,220All other assets
  • $217,162Total liabilities and capital
  • $215,216Total liabilities
  • $157,997Total deposits
  • $215,216Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,946Subordinated debt
  • $45,136All other liabilities
  • $45,136Total equity capital
  • $45,136Total bank equity capital
  • $0Perpetual preferred stock
  • $7,500Common stock
  • $39,706Surplus
  • $-2,070Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $144Income earned, not collected on loans
  • $0Earning assets
  • $949Long-term assets (5+ years)
  • $246,206Average Assets, year-to-date
  • $83,950Average Assets, quarterly
  • $228,348Volatile liabilities
  • $249,461Insider loans
  • $173,376FHLB advances
  • $250,472Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $42,989Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $52,253Restructured Loans and leases
  • $8,988Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,228Total interest income
  • $1,764Total interest expense
  • $8,464Net interest income
  • $1,586Provision for loan and lease losses
  • $322Total noninterest income
  • $0Fiduciary activities
  • $281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $41Additional noninterest income
  • $5,991Total noninterest expense
  • $3,238Salaries and employee benefits
  • $896Premises and equipment expense
  • $1,857Additional noninterest expense
  • $1,209Pre-tax net operating income
  • $112Securities gains (losses)
  • -$1,513Applicable income taxes
  • $2,834Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,834Net income attributable to bank
  • $0Net charge-offs
  • $2,834Cash dividends
  • $497Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 8.50%Return on equity (ROE)
  • 8.50%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 319.11%Credit loss provision to net charge-offs
  • 5.62%Efficiency ratio
  • 68,188Assets per employee
  • 9.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 1926.39%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 77.76%Net loans and leases to core deposits
  • 79.33%Equity capital to assets
  • 17.21%Core capital (leverage) ratio
  • 17.16%Tier 1 risk-based capital ratio
  • 24.80%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $228,348Average earning assets
  • $33,322Average equity
  • $213,746Average loans

List of branches

  • 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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