USA Bank in Port Chester, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 2010

USA Bank - Overview

  • General
  • FDIC Certificate #: 58072
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Customers Bank (#34444)
    Federal Reserve ID: 3389434
    Date Established: December 22, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 438823
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 22, 2005
    Last Structure Change Effective Date: July 09, 2010
    Last Structure Change Process Date: July 12, 2010
    Last Data Update: July 12, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 North Main Street, Port Chester, NY 10573
    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: $190.7 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, 2009)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $221,527Total assets
  • $2,252Cash and due from depository institutions
  • $0Interest-bearing balances
  • $41,785Securities
  • $11,962Federal funds sold & reverse repurchase agreements
  • $161,821Net loans & leases
  • $3,864Loan loss allowance
  • $0Trading account assets
  • $388Bank premises and fixed assets
  • $1,877Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,442All other assets
  • $221,527Total liabilities and capital
  • $216,244Total liabilities
  • $192,262Total deposits
  • $185,083Interest-bearing deposits
  • $192,262Deposits held in domestic offices
  • 85.36%% insured (estimated)
  • $23,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $982All other liabilities
  • $5,283Total equity capital
  • $5,283Total bank equity capital
  • $5,283Perpetual preferred stock
  • $0Common stock
  • $11,500Surplus
  • $21,117Undivided profits
  • Memoranda
  • $-27,334Noncurrent loans and leases
  • $26,260Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $72,440Earning assets
  • $0Long-term assets (5+ years)
  • $829Average Assets, year-to-date
  • $215,568Average Assets, quarterly
  • $36,172Volatile liabilities
  • $219,531Insider loans
  • $222,341FHLB advances
  • $113,047Loans and leases held for sale
  • $3,016Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,260Total unused commitments
  • $0Restructured Loans and leases
  • $2,104Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $11,382Total interest income
  • $7,176Total interest expense
  • $4,206Net interest income
  • $8,005Provision for loan and lease losses
  • $311Total noninterest income
  • $0Fiduciary activities
  • $118Service charges on deposit accounts
  • $0Trading account gains & fees
  • $193Additional noninterest income
  • $7,915Total noninterest expense
  • $2,817Salaries and employee benefits
  • $477Premises and equipment expense
  • $4,621Additional noninterest expense
  • -$11,403Pre-tax net operating income
  • -$1,965Securities gains (losses)
  • $0Applicable income taxes
  • -$13,368Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,368Net income attributable to bank
  • $0Net charge-offs
  • -$13,368Cash dividends
  • $6,185Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 3.38%Cost of funding earning assets
  • 1.98%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • -5.19%Net operating income to assets
  • -6.09%Return on assets (ROA)
  • -6.09%Pretax return on assets
  • -109.71%Return on equity (ROE)
  • -109.71%Retained earnings to average equity (YTD only)
  • 3.78%Net charge-offs to loans
  • 129.43%Credit loss provision to net charge-offs
  • -0.55%Efficiency ratio
  • 175,227Assets per employee
  • 6.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 5.33%Noncurrent assets plus other real estate owned to assets
  • 33.55%Noncurrent loans to loans
  • 43.72%Net loans and leases to deposits
  • 84.17%Net loans and leases to core deposits
  • 158.31%Equity capital to assets
  • 2.38%Core capital (leverage) ratio
  • 2.77%Tier 1 risk-based capital ratio
  • 3.74%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $219,531Average earning assets
  • $12,185Average equity
  • $212,198Average loans

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