Continental Bank in Garden City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 1997

  • Continental Bank in Garden City, New York (NY)
  • Show street view No street view available for this location

Continental Bank - Overview

  • General
  • FDIC Certificate #: 21723
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Reliance Federal Savings Bank (#29210)
    Federal Reserve ID: 967402
    Date Established: August 09, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 13766
    FDIC's unique #: 15037
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 09, 1974
    Last Structure Change Effective Date: October 17, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 118 Seventh Street, Garden City, NY 11530
    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)
  • Financial Summary
  • Total assets: $180.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $85Total assets
  • $142,708Cash and due from depository institutions
  • $10,597Interest-bearing balances
  • $17Securities
  • $26,638Federal funds sold & reverse repurchase agreements
  • $20,600Net loans & leases
  • $77,666Loan loss allowance
  • $2,518Trading account assets
  • $0Bank premises and fixed assets
  • $2,297Other real estate owned
  • $126Goodwill and other intangibles
  • $2,738Life insurance assets
  • $2,046All other assets
  • $0Total liabilities and capital
  • $142,708Total liabilities
  • $130,590Total deposits
  • $127,453Interest-bearing deposits
  • $100,246Deposits held in domestic offices
  • 127453.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $3,137Total equity capital
  • $3,137Total bank equity capital
  • $12,118Perpetual preferred stock
  • $0Common stock
  • $4,608Surplus
  • $6,446Undivided profits
  • Memoranda
  • $1,064Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,676Income earned, not collected on loans
  • $641Earning assets
  • $124,921Long-term assets (5+ years)
  • $27,831Average Assets, year-to-date
  • $137,010Average Assets, quarterly
  • $142,290Volatile liabilities
  • $5,392Insider loans
  • $2,158FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,313Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,942Total risk weighted assets
  • $95,554Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,528Total interest expense
  • $4,448Net interest income
  • $6,080Provision for loan and lease losses
  • $1,450Total noninterest income
  • $3,731Fiduciary activities
  • $0Service charges on deposit accounts
  • $947Trading account gains & fees
  • $0Additional noninterest income
  • $2,784Total noninterest expense
  • $8,370Salaries and employee benefits
  • $3,803Premises and equipment expense
  • $1,105Additional noninterest expense
  • $3,462Pre-tax net operating income
  • -$9Securities gains (losses)
  • -$289Applicable income taxes
  • -$113Income before extraordinary items
  • -$185Extraordinary gains - net
  • $0Net income attributable to bank
  • -$185Net charge-offs
  • $710Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $2,867Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.88%Cost of funding earning assets
  • 3.75%Net interest margin
  • 5.13%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 7.06%Net operating income to assets
  • -0.00%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -0.22%Return on equity (ROE)
  • -1.78%Retained earnings to average equity (YTD only)
  • -2.58%Net charge-offs to loans
  • 1.01%Credit loss provision to net charge-offs
  • 204.23%Efficiency ratio
  • 84,171Assets per employee
  • 1.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -44.86%Loss allowance to loans
  • 3.14%Loss allowance to noncurrent loans
  • 94.10%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 3.34%Net loans and leases to deposits
  • 60.94%Net loans and leases to core deposits
  • 63.63%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 7.12%Tier 1 risk-based capital ratio
  • 10.40%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $137,010Average earning assets
  • $10,377Average equity
  • $118,576Average loans

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