Bay Ridge Federal Savings Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1996

  • Bay Ridge Federal Savings Bank in Brooklyn, New York (NY)
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Bay Ridge Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29897
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independence Community Bank (#16018)
    Federal Reserve ID: 14276
    Date Established: January 01, 1887
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4282
    FDIC's unique #: 42731
    Numeric code: 33
    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: July 22, 1937
    Last Structure Change Effective Date: January 03, 1996
    Last Structure Change Process Date: April 08, 1996
    Last Data Update: April 08, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 7500 5th Ave, Brooklyn, NY 11209
    County: Kings
    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: $546.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $101Total assets
  • $546,834Cash and due from depository institutions
  • $5,701Interest-bearing balances
  • $0Securities
  • $203,409Federal funds sold & reverse repurchase agreements
  • $56,100Net loans & leases
  • $266,792Loan loss allowance
  • $9,238Trading account assets
  • $0Bank premises and fixed assets
  • $1,400Other real estate owned
  • $808Goodwill and other intangibles
  • $12,624Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $546,834Total liabilities
  • $466,439Total deposits
  • $440,234Interest-bearing deposits
  • $440,234Deposits held in domestic offices
  • 440234.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $23,676Subordinated debt
  • $0All other liabilities
  • $2,529Total equity capital
  • $2,529Total bank equity capital
  • $80,395Perpetual preferred stock
  • $0Common stock
  • $595Surplus
  • $34,631Undivided profits
  • Memoranda
  • $45,169Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,006Income earned, not collected on loans
  • $366Earning assets
  • $526,301Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $567,913Average Assets, quarterly
  • $545,931Volatile liabilities
  • $57,626Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $279Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $80,279Total risk weighted assets
  • $240,735Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $41,587Total interest expense
  • $20,092Net interest income
  • $21,495Provision for loan and lease losses
  • $425Total noninterest income
  • $827Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $827Total noninterest expense
  • $12,499Salaries and employee benefits
  • $8,225Premises and equipment expense
  • $1,123Additional noninterest expense
  • $3,151Pre-tax net operating income
  • $9,398Securities gains (losses)
  • -$8Applicable income taxes
  • $5,728Income before extraordinary items
  • $3,662Extraordinary gains - net
  • -$250Net income attributable to bank
  • $3,412Net charge-offs
  • $5,040Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.58%Cost of funding earning assets
  • 3.66%Net interest margin
  • 3.92%Noninterest income to earning assets
  • 0.15%Noninterest expense to earning assets
  • 2.28%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 1.61%Return on equity (ROE)
  • 4.32%Retained earnings to average equity (YTD only)
  • 4.32%Net charge-offs to loans
  • 1.70%Credit loss provision to net charge-offs
  • 8.43%Efficiency ratio
  • 55,994Assets per employee
  • 5.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 65.96%Noncurrent assets plus other real estate owned to assets
  • 2.71%Noncurrent loans to loans
  • 5.07%Net loans and leases to deposits
  • 60.60%Net loans and leases to core deposits
  • 65.67%Equity capital to assets
  • 14.70%Core capital (leverage) ratio
  • 14.68%Tier 1 risk-based capital ratio
  • 33.35%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $567,913Average earning assets
  • $78,952Average equity
  • $548,699Average loans

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