Community Federal Savings Bank in Woodhaven, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Federal Savings Bank in Woodhaven, New York (NY)
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Community Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 57129
    Status: Active
    Federal Reserve ID: 3040418
    Date Established: July 16, 2001
    WWW: http://www.communityfederalsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 17528
    FDIC's unique #: 358263
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 16, 2001
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 89-07 Jamaica Avenue, Woodhaven, NY 11421
    County: Queens
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $71.5 mil
    Equity capital: $21.7 mil
    Deposits held in domestic offices: $49.5 mil
    Return on assets (ROA): -3.73% (-$2.6 mil)
    Quarterly return on assets: -2.28% (-$1.6 mil)
    Return on Equity (ROE): -21.00% (-$4.6 mil)
    Quarterly return on equity: -7.41% (-$1.6 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -2.52% (-$1,801.1 mil)
    Quarterly Pretax return on assets: -2.28% (-$1,629.5 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
  • 19Total employees (full-time equivalent)
  • $71,471Total assets
  • $39,409Cash and due from depository institutions
  • $38,642Interest-bearing balances
  • $12,096Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,268Net loans & leases
  • $235Loan loss allowance
  • $0Trading account assets
  • $55Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $71,471Life insurance assets
  • $643All other assets
  • $49,803Total liabilities and capital
  • $49,494Total liabilities
  • $46,177Total deposits
  • $49,494Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $309Subordinated debt
  • $21,668All other liabilities
  • $21,668Total equity capital
  • $21,668Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $29,569Surplus
  • $-7,902Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,309Income earned, not collected on loans
  • $0Earning assets
  • $112Long-term assets (5+ years)
  • $70,006Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $59,465Volatile liabilities
  • $71,193Insider loans
  • $27,656FHLB advances
  • $70,986Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,401Tier 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
  • $1,978Total interest income
  • $614Total interest expense
  • $1,364Net interest income
  • $578Provision for loan and lease losses
  • $60Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $2,187Total noninterest expense
  • $856Salaries and employee benefits
  • $740Premises and equipment expense
  • $591Additional noninterest expense
  • -$1,341Pre-tax net operating income
  • -$160Securities gains (losses)
  • $718Applicable income taxes
  • -$2,219Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,219Net income attributable to bank
  • $0Net charge-offs
  • -$2,219Cash dividends
  • $568Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.44%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 2.37%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • -3.46%Net operating income to assets
  • -3.73%Return on assets (ROA)
  • -2.52%Pretax return on assets
  • -21.00%Return on equity (ROE)
  • -21.00%Retained earnings to average equity (YTD only)
  • 2.23%Net charge-offs to loans
  • 101.76%Credit loss provision to net charge-offs
  • -1.34%Efficiency ratio
  • 153,581Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 5.45%Noncurrent assets plus other real estate owned to assets
  • 6.03%Noncurrent loans to loans
  • 22.09%Net loans and leases to deposits
  • 38.93%Net loans and leases to core deposits
  • 39.98%Equity capital to assets
  • 30.32%Core capital (leverage) ratio
  • 30.15%Tier 1 risk-based capital ratio
  • 77.38%Total risk-based capital ratio
  • Memoranda
  • $78Average assets
  • $59,465Average earning assets
  • $10,565Average equity
  • $57,558Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0358263Community Federal Savings Bank89-07 Jamaica Avenue, Woodhaven, NY 11421July 16, 2001Full Service Brick and Mortar
    1463721Jamaica Ave-Queens Branch216-24 Jamaica Ave., Queens Village, NY 11428June 01, 2004Full Service Brick and Mortar

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