United Orient Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

United Orient Bank - Overview

  • General
  • FDIC Certificate #: 23373
    Status: Active
    Federal Reserve ID: 70218
    Date Established: April 09, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10769
    FDIC's unique #: 16388
    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: April 09, 1981
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Chatham Square, New York, NY 10038
    County: New York
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $92.7 mil
    Equity capital: $10.4 mil
    Deposits held in domestic offices: $77.8 mil
    Return on assets (ROA): 0.41% ($0.4 mil)
    Quarterly return on assets: 0.41% ($0.4 mil)
    Return on Equity (ROE): 3.57% ($0.4 mil)
    Quarterly return on equity: 3.57% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.75% ($695.6 mil)
    Quarterly Pretax return on assets: 0.74% ($686.3 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $92,741Total assets
  • $6,051Cash and due from depository institutions
  • $3,396Interest-bearing balances
  • $1,704Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $82,087Net loans & leases
  • $1,336Loan loss allowance
  • $0Trading account assets
  • $167Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $92,741Life insurance assets
  • $1,732All other assets
  • $82,376Total liabilities and capital
  • $77,802Total liabilities
  • $63,263Total deposits
  • $77,802Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $574Subordinated debt
  • $10,365All other liabilities
  • $10,365Total equity capital
  • $10,365Total bank equity capital
  • $0Perpetual preferred stock
  • $5,060Common stock
  • $3,032Surplus
  • $2,273Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,881Income earned, not collected on loans
  • $0Earning assets
  • $428Long-term assets (5+ years)
  • $88,187Average Assets, year-to-date
  • $35,892Average Assets, quarterly
  • $88,964Volatile liabilities
  • $90,208Insider loans
  • $78,601FHLB advances
  • $91,055Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,346Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,856Restructured Loans and leases
  • $5Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,272Total interest income
  • $576Total interest expense
  • $4,696Net interest income
  • $225Provision for loan and lease losses
  • $224Total noninterest income
  • $0Fiduciary activities
  • $83Service charges on deposit accounts
  • $0Trading account gains & fees
  • $141Additional noninterest income
  • $4,028Total noninterest expense
  • $1,851Salaries and employee benefits
  • $1,277Premises and equipment expense
  • $900Additional noninterest expense
  • $667Pre-tax net operating income
  • $0Securities gains (losses)
  • $303Applicable income taxes
  • $364Income before extraordinary items
  • $0Extraordinary gains - net
  • $364Net income attributable to bank
  • $0Net charge-offs
  • $364Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.18%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 5.51%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 4.73%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 3.57%Return on equity (ROE)
  • 3.57%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1125.00%Credit loss provision to net charge-offs
  • 44.60%Efficiency ratio
  • 81,870Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 46.37%Noncurrent assets plus other real estate owned to assets
  • 3.11%Noncurrent loans to loans
  • 3.45%Net loans and leases to deposits
  • 105.51%Net loans and leases to core deposits
  • 113.54%Equity capital to assets
  • 11.18%Core capital (leverage) ratio
  • 11.36%Tier 1 risk-based capital ratio
  • 13.16%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $88,964Average earning assets
  • $10,199Average equity
  • $85,246Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016388United Orient Bank10 Chatham Square, New York, NY 10038April 09, 1981Full Service Brick and Mortar
    1256286United Orient Bank Branch185 Canal Street, New York City, NY 10013May 06, 1983Full Service Brick and Mortar

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