Emigrant Savings Bank - Brooklyn/Queens in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Emigrant Savings Bank - Brooklyn/Queens in Brooklyn, New York (NY)
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Emigrant Savings Bank - Brooklyn/Queens - Overview

  • General
  • FDIC Certificate #: 58169
    Status: Active
    Federal Reserve ID: 3363939
    Bank Holding Company (Regulatory Top Holder): New York Private Bank & Trust Corporation (RSSDID: 3212091, Location: New York, NY)
    Date Established: September 01, 2005
    WWW: http://www.emigrant.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 441099
    Numeric code: 41
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 01, 2005
    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: 1954 Flatbush Avenue, Brooklyn, NY 11234
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $793.1 mil
    Equity capital: $59.6 mil
    Deposits held in domestic offices: $709.7 mil
    Return on assets (ROA): 0.15% ($1.2 mil)
    Quarterly return on assets: 0.25% ($2.0 mil)
    Return on Equity (ROE): 1.94% ($1.2 mil)
    Quarterly return on equity: 3.34% ($2.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.23% ($1,824.2 mil)
    Quarterly Pretax return on assets: 0.41% ($3,251.8 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
  • 70Total employees (full-time equivalent)
  • $793,126Total assets
  • $17,704Cash and due from depository institutions
  • $0Interest-bearing balances
  • $395,199Securities
  • $100,000Federal funds sold & reverse repurchase agreements
  • $270,522Net loans & leases
  • $3,315Loan loss allowance
  • $0Trading account assets
  • $1,400Bank premises and fixed assets
  • $2,944Other real estate owned
  • $0Goodwill and other intangibles
  • $793,126Life insurance assets
  • $5,357All other assets
  • $733,519Total liabilities and capital
  • $709,688Total liabilities
  • $669,006Total deposits
  • $709,688Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,260Trading liabilities
  • $0Other borrowed funds
  • $22,571Subordinated debt
  • $59,607All other liabilities
  • $59,607Total equity capital
  • $59,607Total bank equity capital
  • $0Perpetual preferred stock
  • $16,000Common stock
  • $49,833Surplus
  • $-6,226Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $58,645Income earned, not collected on loans
  • $0Earning assets
  • $2,057Long-term assets (5+ years)
  • $765,721Average Assets, year-to-date
  • $25,203Average Assets, quarterly
  • $799,856Volatile liabilities
  • $795,991Insider loans
  • $247,375FHLB advances
  • $787,387Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $62,733Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,122Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,604Total interest income
  • $9,474Total interest expense
  • $17,130Net interest income
  • $3,241Provision for loan and lease losses
  • $818Total noninterest income
  • $0Fiduciary activities
  • $361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $457Additional noninterest income
  • $13,202Total noninterest expense
  • $4,252Salaries and employee benefits
  • $2,340Premises and equipment expense
  • $6,610Additional noninterest expense
  • $1,505Pre-tax net operating income
  • $338Securities gains (losses)
  • $655Applicable income taxes
  • $1,188Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,188Net income attributable to bank
  • $0Net charge-offs
  • $1,188Cash dividends
  • $2,297Sale, 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
  • 1.22%Cost of funding earning assets
  • 2.21%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 1.71%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 1.94%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 141.10%Credit loss provision to net charge-offs
  • 2.07%Efficiency ratio
  • 73,557Assets per employee
  • 11.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 5.65%Noncurrent assets plus other real estate owned to assets
  • 7.77%Noncurrent loans to loans
  • 21.42%Net loans and leases to deposits
  • 38.12%Net loans and leases to core deposits
  • 38.48%Equity capital to assets
  • 7.52%Core capital (leverage) ratio
  • 7.97%Tier 1 risk-based capital ratio
  • 25.36%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $799,856Average earning assets
  • $61,243Average equity
  • $774,165Average loans

List of branches

  • 6 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0441099Emigrant Savings Bank - Brooklyn/Que1954 Flatbush Avenue, Brooklyn, NY 11234September 01, 2005Full Service Brick and Mortar
    1226274Jamaica Branch168-42 Hillside Avenue, New York City, NY 11432March 30, 1970Full Service Brick and Mortar
    3226280Elmhurst Branch91-31 Queens Boulevard, New York City, NY 11373September 25, 1973Full Service Brick and Mortar
    5236803Clinton Hill Branch418 Myrtle Avenue, New York City, NY 11205December 16, 1955Full Service Brick and Mortar
    6236294Midwood Branch1617 Avenue M, New York City, NY 11230Febuary 03, 1975Full Service Brick and Mortar
    7237098Forest Hills Branch102-35 Queens Boulevard, New York City, NY 11375November 19, 1969Full Service Brick and Mortar

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