FDIC Certificate #: 28712 Status: Active Federal Reserve ID: 565170 Date Established: January 01, 1888 WWW:http://www.intermonetary.comim/ Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 2201 FDIC's unique #: 41546 Numeric code: 38 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: April 05, 1948 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: 22 James Street, Middletown, NY 10940 County: Orange 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): Newburgh, NY-PA (#5660) 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): Poughkeepsie-Newburgh-Middletown, NY (#39100) CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $163.4 mil Equity capital: $55.9 mil Deposits held in domestic offices: $98.5 mil Return on assets (ROA): 0.73% ($1.2 mil) Quarterly return on assets: -0.67% (-$1.1 mil) Return on Equity (ROE): 2.32% ($1.3 mil) Quarterly return on equity: -1.96% (-$1.1 mil) Net income: $1.3 mil Quarterly Net income: -$0.3 mil Pretax return on assets: 1.15% ($1,879.3 mil) Quarterly Pretax return on assets: -0.77% (-$1,258.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$163,416Total assets
$78,190Cash and due from depository institutions
$77,715Interest-bearing balances
$60,062Securities
$0Federal funds sold & reverse repurchase agreements
$20,777Net loans & leases
$60Loan loss allowance
$0Trading account assets
$271Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$163,416Life insurance assets
$4,116All other assets
$107,500Total liabilities and capital
$98,547Total liabilities
$96,942Total deposits
$98,547Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$106Trading liabilities
$0Other borrowed funds
$8,847Subordinated debt
$55,916All other liabilities
$55,916Total equity capital
$55,916Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$55,916Undivided 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
$717Long-term assets (5+ years)
$158,554Average Assets, year-to-date
$0Average Assets, quarterly
$175,519Volatile liabilities
$163,696Insider loans
$61,913FHLB advances
$162,160Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$54,660Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,770Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,754Total interest income
$1,026Total interest expense
$3,728Net interest income
-$11Provision for loan and lease losses
$1,901Total noninterest income
$0Fiduciary activities
$13Service charges on deposit accounts
$0Trading account gains & fees
$1,888Additional noninterest income
$3,623Total noninterest expense
$2,102Salaries and employee benefits
$491Premises and equipment expense
$1,030Additional noninterest expense
$2,017Pre-tax net operating income
$0Securities gains (losses)
$731Applicable income taxes
$1,286Income before extraordinary items
$0Extraordinary gains - net
$1,286Net income attributable to bank
$0Net charge-offs
$1,286Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.79%Yield on earning assets
0.60%Cost of funding earning assets
2.19%Net interest margin
1.12%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
1.15%Pretax return on assets
2.32%Return on equity (ROE)
2.32%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
64,363Assets per employee
14.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.29%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
21.08%Net loans and leases to core deposits
22.60%Equity capital to assets
34.22%Core capital (leverage) ratio
33.71%Tier 1 risk-based capital ratio
88.29%Total risk-based capital ratio
Memoranda
$88Average assets
$175,519Average earning assets
$55,417Average equity
$170,225Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41546
First Federal Savings Of Middletown
22 James Street, Middletown, NY 10940
January 01, 1888
Full Service Brick and Mortar
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