AmTrust Bank in Cleveland, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 04, 2009

  • AmTrust Bank in Cleveland, Ohio (OH)
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AmTrust Bank - Overview

  • General
  • FDIC Certificate #: 29776
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: New York Community Bank (#16022)
    Federal Reserve ID: 600875
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4072
    FDIC's unique #: 42610
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 20, 1938
    Last Structure Change Effective Date: December 04, 2009
    Last Structure Change Process Date: December 07, 2009
    Last Data Update: December 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1801 East Ninth Street, Cleveland, OH 44114
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $11,439.0 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, 2008)

  • Dollar figures in thousands
  • 1,909Total employees (full-time equivalent)
  • $15,558,190Total assets
  • $2,592,485Cash and due from depository institutions
  • $9,558Interest-bearing balances
  • $1,192,737Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,523,640Net loans & leases
  • $363,761Loan loss allowance
  • $0Trading account assets
  • $87,735Bank premises and fixed assets
  • $417,173Other real estate owned
  • $91,280Goodwill and other intangibles
  • $0Life insurance assets
  • $653,140All other assets
  • $15,558,190Total liabilities and capital
  • $14,793,833Total liabilities
  • $11,363,867Total deposits
  • $11,031,641Interest-bearing deposits
  • $11,363,867Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $700,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,367,570Other borrowed funds
  • $0Subordinated debt
  • $362,396All other liabilities
  • $764,357Total equity capital
  • $764,357Total bank equity capital
  • $764,357Perpetual preferred stock
  • $0Common stock
  • $892Surplus
  • $206,896Undivided profits
  • Memoranda
  • $556,569Noncurrent loans and leases
  • $6,968,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,063,705Earning assets
  • $1,705Long-term assets (5+ years)
  • $58,992Average Assets, year-to-date
  • $11,725,935Average Assets, quarterly
  • $0Volatile liabilities
  • $16,446,505Insider loans
  • $16,047,318FHLB advances
  • $5,094,427Loans and leases held for sale
  • $6,805Unused loan commitments
  • $2,338,424Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,110,282Total unused commitments
  • $986,538Restructured Loans and leases
  • $113,686Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $870,148Total interest income
  • $542,212Total interest expense
  • $327,936Net interest income
  • $814,545Provision for loan and lease losses
  • -$8,663Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $10,971Trading account gains & fees
  • -$19,634Additional noninterest income
  • $315,923Total noninterest expense
  • $185,840Salaries and employee benefits
  • $35,590Premises and equipment expense
  • $94,493Additional noninterest expense
  • -$811,195Pre-tax net operating income
  • $89,253Securities gains (losses)
  • -$208,506Applicable income taxes
  • -$513,436Income before extraordinary items
  • $0Extraordinary gains - net
  • -$513,436Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $656,831Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 3.72%Cost of funding earning assets
  • 2.25%Net interest margin
  • -0.06%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • -3.51%Net operating income to assets
  • -3.12%Return on assets (ROA)
  • -4.39%Pretax return on assets
  • -46.23%Return on equity (ROE)
  • -46.23%Retained earnings to average equity (YTD only)
  • 4.93%Net charge-offs to loans
  • 124.01%Credit loss provision to net charge-offs
  • 0.01%Efficiency ratio
  • 98,924Assets per employee
  • 8.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.34%Loss allowance to noncurrent loans
  • 34.20%Noncurrent assets plus other real estate owned to assets
  • 9.52%Noncurrent loans to loans
  • 9.77%Net loans and leases to deposits
  • 92.61%Net loans and leases to core deposits
  • 112.71%Equity capital to assets
  • 4.91%Core capital (leverage) ratio
  • 4.91%Tier 1 risk-based capital ratio
  • 8.64%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $16,446,505Average earning assets
  • $1,110,543Average equity
  • $14,590,031Average loans

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