Bessemer Trust Company, National Association - Overview
General
FDIC Certificate #: 21868 Status: Active Federal Reserve ID: 976703 Bank Holding Company (Regulatory Top Holder): Bessemer Group, Incorporated, The (RSSDID: 1246159, Location: Woodbridge, NJ) Date Established: December 20, 1974 WWW:http://www.bessemer.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15153 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization > 1 Billion Date of Deposit Insurance: December 20, 1974 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 630 Fifth Avenue, New York, NY 10111 County: New York 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)
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $2,068.3 mil Equity capital: $165.8 mil Deposits held in domestic offices: $1,840.9 mil Return on assets (ROA): 2.64% ($54.6 mil) Quarterly return on assets: 1.97% ($40.7 mil) Return on Equity (ROE): 24.41% ($40.5 mil) Quarterly return on equity: 21.00% ($34.9 mil) Net income: $39.9 mil Quarterly Net income: $8.8 mil Pretax return on assets: 3.07% ($63,496.2 mil) Quarterly Pretax return on assets: 2.36% ($48,811.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
396Total employees (full-time equivalent)
$2,068,280Total assets
$991,549Cash and due from depository institutions
$984,786Interest-bearing balances
$679,038Securities
$0Federal funds sold & reverse repurchase agreements
$247,802Net loans & leases
$0Loan loss allowance
$8,866Trading account assets
$19,023Bank premises and fixed assets
$0Other real estate owned
$76,407Goodwill and other intangibles
$2,068,280Life insurance assets
$45,595All other assets
$1,902,526Total liabilities and capital
$1,840,860Total liabilities
$1,817,634Total deposits
$1,840,860Interest-bearing deposits
$27Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$61,666Subordinated debt
$165,754All other liabilities
$165,754Total equity capital
$165,754Total bank equity capital
$0Perpetual preferred stock
$3,000Common stock
$74,828Surplus
$87,926Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$3,452Long-term assets (5+ years)
$1,920,492Average Assets, year-to-date
$0Average Assets, quarterly
$1,510,290Volatile liabilities
$1,787,141Insider loans
$348,236FHLB advances
$1,522,672Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$91,984Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,533Total interest income
$648Total interest expense
$7,885Net interest income
$0Provision for loan and lease losses
$311,672Total noninterest income
$309,592Fiduciary activities
$0Service charges on deposit accounts
-$223Trading account gains & fees
$2,303Additional noninterest income
$273,269Total noninterest expense
$137,847Salaries and employee benefits
$24,245Premises and equipment expense
$111,177Additional noninterest expense
$46,288Pre-tax net operating income
$18Securities gains (losses)
$6,451Applicable income taxes
$39,855Income before extraordinary items
$0Extraordinary gains - net
$39,855Net income attributable to bank
$0Net charge-offs
$39,855Cash dividends
$0Sale, conversion, retirement of capital stock, net
$33,250Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.63%Yield on earning assets
0.05%Cost of funding earning assets
0.58%Net interest margin
22.95%Noninterest income to earning assets
20.12%Noninterest expense to earning assets
2.64%Net operating income to assets
2.64%Return on assets (ROA)
3.07%Pretax return on assets
24.41%Return on equity (ROE)
4.04%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,515Assets per employee
5.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.43%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
13.46%Net loans and leases to core deposits
13.46%Equity capital to assets
8.01%Core capital (leverage) ratio
6.04%Tier 1 risk-based capital ratio
26.41%Total risk-based capital ratio
Memoranda
$26Average assets
$1,510,290Average earning assets
$163,295Average equity
$1,358,122Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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