FDIC Certificate #: 30449 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ridgewood Savings Bank (#16026) Federal Reserve ID: 174871 Date Established: January 01, 1889 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5355 FDIC's unique #: 43283 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: Febuary 23, 1950 Last Structure Change Effective Date: July 12, 2007 Last Structure Change Process Date: August 01, 2007 Last Data Update: August 01, 2007 Data Source Date: April 05, 2012
Location
Address: 3 Executive Boulevard, Yonkers, NY 10701 County: Westchester 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: $676.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
125Total employees (full-time equivalent)
$669,874Total assets
$25,902Cash and due from depository institutions
$19,274Interest-bearing balances
$108,501Securities
$11,000Federal funds sold & reverse repurchase agreements
$504,193Net loans & leases
$3,226Loan loss allowance
$0Trading account assets
$3,915Bank premises and fixed assets
$0Other real estate owned
$28Goodwill and other intangibles
$8,906Life insurance assets
$16,335All other assets
$669,874Total liabilities and capital
$615,568Total liabilities
$577,073Total deposits
$538,029Interest-bearing deposits
$577,073Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$37,101Other borrowed funds
$0Subordinated debt
$1,394All other liabilities
$54,306Total equity capital
$54,306Total bank equity capital
$54,306Perpetual preferred stock
$0Common stock
$1Surplus
$16,250Undivided profits
Memoranda
$38,055Noncurrent loans and leases
$25,095Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$3,327Average Assets, year-to-date
$642,968Average Assets, quarterly
$0Volatile liabilities
$683,854Insider loans
$674,842FHLB advances
$213,126Loans and leases held for sale
$357Unused loan commitments
$37,101Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,095Total unused commitments
$0Restructured Loans and leases
$3,226Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$39,849Total interest income
$18,611Total interest expense
$21,238Net interest income
$0Provision for loan and lease losses
$3,956Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,956Additional noninterest income
$15,121Total noninterest expense
$7,631Salaries and employee benefits
$4,652Premises and equipment expense
$2,838Additional noninterest expense
$10,073Pre-tax net operating income
$25Securities gains (losses)
$89Applicable income taxes
$10,009Income before extraordinary items
$0Extraordinary gains - net
$10,009Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15Sale, conversion, retirement of capital stock, net
$8,206Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.07%Yield on earning assets
2.84%Cost of funding earning assets
3.24%Net interest margin
0.60%Noninterest income to earning assets
2.30%Noninterest expense to earning assets
1.46%Net operating income to assets
1.46%Return on assets (ROA)
1.48%Pretax return on assets
19.16%Return on equity (ROE)
3.45%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
671.53%Efficiency ratio
60,018Assets per employee
5.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.99%Loss allowance to loans
0.64%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
87.37%Net loans and leases to core deposits
125.72%Equity capital to assets
8.11%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
11.05%Total risk-based capital ratio
Memoranda
$12Average assets
$683,854Average earning assets
$52,230Average equity
$656,123Average loans
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