Bank of Westbury, a Federal Savings Bank in Westbury, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 08, 1995

  • Bank of Westbury, a Federal Savings Bank in Westbury, New York (NY)
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Bank of Westbury, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29298
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Reliance Federal Savings Bank (#29210)
    Federal Reserve ID: 32579
    Date Established: January 01, 1921
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3240
    FDIC's unique #: 42132
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 04, 1950
    Last Structure Change Effective Date: August 08, 1995
    Last Structure Change Process Date: August 21, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 341 Post Ave, Westbury, NY 11590
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $167.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $62Total assets
  • $181,667Cash and due from depository institutions
  • $4,773Interest-bearing balances
  • $1,638Securities
  • $97,676Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $74,028Loan loss allowance
  • $404Trading account assets
  • $0Bank premises and fixed assets
  • $1,744Other real estate owned
  • $200Goodwill and other intangibles
  • $3,174Life insurance assets
  • $72All other assets
  • $0Total liabilities and capital
  • $181,667Total liabilities
  • $170,655Total deposits
  • $154,674Interest-bearing deposits
  • $150,078Deposits held in domestic offices
  • 154674.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $15,058Subordinated debt
  • $0All other liabilities
  • $923Total equity capital
  • $923Total bank equity capital
  • $11,012Perpetual preferred stock
  • $87Common stock
  • $348Surplus
  • $3,297Undivided profits
  • Memoranda
  • $7,280Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,653Income earned, not collected on loans
  • $514Earning assets
  • $173,342Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $179,550Average Assets, quarterly
  • $183,549Volatile liabilities
  • $24,608Insider loans
  • $201FHLB advances
  • $15,000Loans and leases held for sale
  • $0Unused loan commitments
  • $1,186Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,908Total risk weighted assets
  • $60,392Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,952Total interest expense
  • $5,159Net interest income
  • $6,793Provision for loan and lease losses
  • $130Total noninterest income
  • $872Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25Additional noninterest income
  • $847Total noninterest expense
  • $5,911Salaries and employee benefits
  • $3,091Premises and equipment expense
  • $1,341Additional noninterest expense
  • $1,479Pre-tax net operating income
  • $1,624Securities gains (losses)
  • $88Applicable income taxes
  • $741Income before extraordinary items
  • $971Extraordinary gains - net
  • -$43Net income attributable to bank
  • $928Net charge-offs
  • $55Cash dividends
  • $409Sale, conversion, retirement of capital stock, net
  • -$554Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.02%Cost of funding earning assets
  • 3.03%Net interest margin
  • 3.99%Noninterest income to earning assets
  • 0.51%Noninterest expense to earning assets
  • 3.47%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 0.93%Return on equity (ROE)
  • 8.53%Retained earnings to average equity (YTD only)
  • 4.77%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 236.36%Efficiency ratio
  • 75,812Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.07%Loss allowance to loans
  • 0.54%Loss allowance to noncurrent loans
  • 24.44%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 2.22%Net loans and leases to deposits
  • 47.86%Net loans and leases to core deposits
  • 51.01%Equity capital to assets
  • 6.06%Core capital (leverage) ratio
  • 6.01%Tier 1 risk-based capital ratio
  • 18.06%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $179,550Average earning assets
  • $10,880Average equity
  • $170,166Average loans

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