Victory State Bank in Staten Island, New York (NY)
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| Victory State Bank | |
|---|---|
| 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 WWW: http://www.victorystatebank.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 52 |
| Total assets | $243,664 |
| Cash and due from depository institutions | $49,839 |
| Interest-bearing balances | $44,724 |
| Securities | $108,501 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $80,696 |
| Loan loss allowance | $1,343 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,225 |
| Other real estate owned | $267 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,136 |
| Life insurance assets | $243,664 |
| Total liabilities and capital | $216,974 |
| Total liabilities | $215,711 |
| Total deposits | $140,888 |
| Interest-bearing deposits | $215,711 |
| Deposits held in domestic offices | $73 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,263 |
| All other liabilities | $26,690 |
| Total equity capital | $26,690 |
| Total bank equity capital | $26,690 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $11,276 |
| Undivided profits | $15,413 |
| 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 | $10,864 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $583 |
| Average Assets, year-to-date | $233,921 |
| Average Assets, quarterly | $57,307 |
| Volatile liabilities | $242,968 |
| Insider loans | $245,737 |
| FHLB advances | $94,330 |
| Loans and leases held for sale | $244,050 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $25,137 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $19,027 |
| Derivatives | $1,100 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,621 |
| Total interest expense | $863 |
| Net interest income | $8,758 |
| Provision for loan and lease losses | $595 |
| Total noninterest income | $2,360 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,122 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $238 |
| Total noninterest expense | $7,656 |
| Salaries and employee benefits | $3,809 |
| Premises and equipment expense | $1,229 |
| Additional noninterest expense | $2,618 |
| Pre-tax net operating income | $2,867 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,292 |
| Income before extraordinary items | $1,575 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,575 |
| Net charge-offs | $0 |
| Cash dividends | $1,575 |
| Sale, conversion, retirement of capital stock, net | $529 |
| Net operating income | $500 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.12% |
| Cost of funding earning assets | 0.37% |
| Net interest margin | 3.75% |
| Noninterest income to earning assets | 1.01% |
| Noninterest expense to earning assets | 3.28% |
| Net operating income to assets | 0.65% |
| Return on assets (ROA) | 0.65% |
| Pretax return on assets | 1.18% |
| Return on equity (ROE) | 5.97% |
| Retained earnings to average equity (YTD only) | 4.07% |
| Net charge-offs to loans | 0.65% |
| Credit loss provision to net charge-offs | 112.48% |
| Efficiency ratio | 6.54% |
| Assets per employee | $68,861 |
| Cash dividends to net income (YTD only) | 4.69% |
| Condition Ratios (%) | |
| Loss allowance to loans | 31.75% |
| Loss allowance to noncurrent loans | 1.64% |
| Noncurrent assets plus other real estate owned to assets | 12.36% |
| Noncurrent loans to loans | 4.57% |
| Net loans and leases to deposits | 13.24% |
| Net loans and leases to core deposits | 37.41% |
| Equity capital to assets | 48.08% |
| Core capital (leverage) ratio | 10.95% |
| Tier 1 risk-based capital ratio | 10.30% |
| Total risk-based capital ratio | 26.65% |
| Memoranda | |
| Average assets | $28 |
| Average earning assets | $242,968 |
| Average equity | $26,386 |
| Average loans | $233,290 |
| 5 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 59073 | Victory State Bank | 4142 Hylan Boulevard, Staten Island, NY 10308 | November 14, 1997 | Full Service Brick and Mortar |  |
| 1 | 290697 | Forest Avenue | 755 Forest Avenue, Staten Island, NY 10310 | June 22, 1999 | Full Service Brick and Mortar |  |
| 2 | 290698 | One Hyatt Street Branch | One Hyatt Street, Staten Island, NY 10301 | January 12, 2000 | Full Service Brick and Mortar | |
| 3 | 365595 | Hylan Boulevard Branch | 1762 Hylan Boulevard, Staten Island, NY 10305 | December 04, 2002 | Full Service Brick and Mortar | |
| 4 | 452589 | Bay Street Branch | 1065 Bay Street, Staten Island, NY 10305 | April 26, 2006 | Full Service Brick and Mortar | |
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