Victory State Bank in Staten Island, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Victory State Bank - Overview

  • General
  • FDIC Certificate #: 34565
    Status: Active
    Federal Reserve ID: 2631323
    Bank Holding Company (Regulatory Top Holder): Vsb Bancorp, Inc. (RSSDID: 3165508, Location: Staten Island, NY)
    Date Established: November 14, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 59073
    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: November 14, 1997
    Last Structure Change Effective Date: August 06, 2010
    Last Structure Change Process Date: August 06, 2010
    Last Data Update: August 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4142 Hylan Boulevard, Staten Island, NY 10308
    County: Richmond
    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: $243.7 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $215.7 mil
    Return on assets (ROA): 0.65% ($1.6 mil)
    Quarterly return on assets: 0.31% ($0.8 mil)
    Return on Equity (ROE): 5.97% ($1.6 mil)
    Quarterly return on equity: 2.84% ($0.8 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.18% ($2,875.2 mil)
    Quarterly Pretax return on assets: 0.52% ($1,267.1 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
  • 52Total employees (full-time equivalent)
  • $243,664Total assets
  • $49,839Cash and due from depository institutions
  • $44,724Interest-bearing balances
  • $108,501Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,696Net loans & leases
  • $1,343Loan loss allowance
  • $0Trading account assets
  • $2,225Bank premises and fixed assets
  • $267Other real estate owned
  • $0Goodwill and other intangibles
  • $243,664Life insurance assets
  • $2,136All other assets
  • $216,974Total liabilities and capital
  • $215,711Total liabilities
  • $140,888Total deposits
  • $215,711Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,263Subordinated debt
  • $26,690All other liabilities
  • $26,690Total equity capital
  • $26,690Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $11,276Surplus
  • $15,413Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,864Income earned, not collected on loans
  • $0Earning assets
  • $583Long-term assets (5+ years)
  • $233,921Average Assets, year-to-date
  • $57,307Average Assets, quarterly
  • $242,968Volatile liabilities
  • $245,737Insider loans
  • $94,330FHLB advances
  • $244,050Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,137Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,027Restructured Loans and leases
  • $1,100Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,621Total interest income
  • $863Total interest expense
  • $8,758Net interest income
  • $595Provision for loan and lease losses
  • $2,360Total noninterest income
  • $0Fiduciary activities
  • $2,122Service charges on deposit accounts
  • $0Trading account gains & fees
  • $238Additional noninterest income
  • $7,656Total noninterest expense
  • $3,809Salaries and employee benefits
  • $1,229Premises and equipment expense
  • $2,618Additional noninterest expense
  • $2,867Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,292Applicable income taxes
  • $1,575Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,575Net income attributable to bank
  • $0Net charge-offs
  • $1,575Cash dividends
  • $529Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.37%Cost of funding earning assets
  • 3.75%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 5.97%Return on equity (ROE)
  • 4.07%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 112.48%Credit loss provision to net charge-offs
  • 6.54%Efficiency ratio
  • 68,861Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.75%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 12.36%Noncurrent assets plus other real estate owned to assets
  • 4.57%Noncurrent loans to loans
  • 13.24%Net loans and leases to deposits
  • 37.41%Net loans and leases to core deposits
  • 48.08%Equity capital to assets
  • 10.95%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 26.65%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $242,968Average earning assets
  • $26,386Average equity
  • $233,290Average loans

List of branches

  • 5 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    059073Victory State Bank4142 Hylan Boulevard, Staten Island, NY 10308November 14, 1997Full Service Brick and Mortar
    1290697Forest Avenue755 Forest Avenue, Staten Island, NY 10310June 22, 1999Full Service Brick and Mortar
    2290698One Hyatt Street BranchOne Hyatt Street, Staten Island, NY 10301January 12, 2000Full Service Brick and Mortar
    3365595Hylan Boulevard Branch1762 Hylan Boulevard, Staten Island, NY 10305December 04, 2002Full Service Brick and Mortar
    4452589Bay Street Branch1065 Bay Street, Staten Island, NY 10305April 26, 2006Full Service Brick and Mortar

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