Independence Community Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 09, 2006

  • Independence Community Bank in Brooklyn, New York (NY)
  • Show street view No street view available for this location

Independence Community Bank - Overview

  • General
  • FDIC Certificate #: 16018
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 1003606
    Date Established: April 01, 1850
    WWW: http://www.myindependence.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 129 (Interstate: No)
    OTS Docket #: 7816
    FDIC's unique #: 10248
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: September 09, 2006
    Last Structure Change Process Date: October 02, 2006
    Last Data Update: October 02, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 Court Street, Brooklyn, NY 11201
    County: Kings
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $19,594.5 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, 2005)

  • Dollar figures in thousands
  • 2,131Total employees (full-time equivalent)
  • $19,010,100Total assets
  • $1,002,283Cash and due from depository institutions
  • $632,821Interest-bearing balances
  • $3,563,647Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $12,220,975Net loans & leases
  • $101,467Loan loss allowance
  • $0Trading account assets
  • $165,543Bank premises and fixed assets
  • $1,279Other real estate owned
  • $1,267,132Goodwill and other intangibles
  • $0Life insurance assets
  • $789,241All other assets
  • $19,010,100Total liabilities and capital
  • $16,617,407Total liabilities
  • $11,094,644Total deposits
  • $9,484,712Interest-bearing deposits
  • $11,094,644Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,913,711Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,043,018Other borrowed funds
  • $397,260Subordinated debt
  • $168,774All other liabilities
  • $2,392,693Total equity capital
  • $2,392,693Total bank equity capital
  • $2,392,693Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,866,610Undivided profits
  • Memoranda
  • $526,083Noncurrent loans and leases
  • $2,058,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $37,133Earning assets
  • $1,056Long-term assets (5+ years)
  • $72,504Average Assets, year-to-date
  • $16,417,443Average Assets, quarterly
  • $10,005,513Volatile liabilities
  • $18,237,581Insider loans
  • $18,723,579FHLB advances
  • $5,685,789Loans and leases held for sale
  • $0Unused loan commitments
  • $2,043,000Tier 1 (core) risk-based capital
  • $48,952Tier 2 risk-based capital
  • $22,072Total risk weighted assets
  • $2,058,961Total unused commitments
  • $4,045Restructured Loans and leases
  • $508,114Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $851,861Total interest income
  • $335,267Total interest expense
  • $516,594Net interest income
  • $0Provision for loan and lease losses
  • $98,547Total noninterest income
  • $782Fiduciary activities
  • $34,192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63,573Additional noninterest income
  • $304,182Total noninterest expense
  • $149,775Salaries and employee benefits
  • $53,421Premises and equipment expense
  • $100,986Additional noninterest expense
  • $310,959Pre-tax net operating income
  • $6,114Securities gains (losses)
  • $112,275Applicable income taxes
  • $204,798Income before extraordinary items
  • $0Extraordinary gains - net
  • $204,798Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$32Sale, conversion, retirement of capital stock, net
  • $55,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 9.12%Return on equity (ROE)
  • 6.67%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
  • 46,253Assets per employee
  • 8.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.86%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 273.25%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 110.15%Net loans and leases to core deposits
  • 130.81%Equity capital to assets
  • 12.59%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 8.82%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $18,237,581Average earning assets
  • $2,245,639Average equity
  • $15,717,229Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $90,797Managed Assets
  • 1Number of Accounts
  • $87,853Personal trust and agency accounts
  • $13,616Employee benefit-defined contribution accounts
  • $1,123Employee benefit-defined benefit accounts
  • $3,320Other retirement accounts
  • $11,514Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $58,280Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 188Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,944Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,457Fiduciary accounts held in foreign offices

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