Maspeth Federal Savings and Loan Association in Maspeth, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Maspeth Federal Savings and Loan Association in Maspeth, New York (NY)
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Maspeth Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30303
    Status: Active
    Federal Reserve ID: 29878
    Date Established: January 01, 1947
    WWW: http://www.maspethfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5138
    FDIC's unique #: 43137
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 03, 1947
    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: 56-18 69th St, Maspeth, NY 11378
    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: $1,762.8 mil
    Equity capital: $458.8 mil
    Deposits held in domestic offices: $1,285.1 mil
    Return on assets (ROA): 1.58% ($27.9 mil)
    Quarterly return on assets: 1.58% ($27.9 mil)
    Return on Equity (ROE): 6.16% ($28.3 mil)
    Quarterly return on equity: 6.13% ($28.1 mil)
    Net income: $27.4 mil
    Quarterly Net income: $7.0 mil
    Pretax return on assets: 2.86% ($50,415.1 mil)
    Quarterly Pretax return on assets: 2.50% ($44,069.1 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
  • 203Total employees (full-time equivalent)
  • $1,762,764Total assets
  • $158,046Cash and due from depository institutions
  • $144,626Interest-bearing balances
  • $15,023Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,540,766Net loans & leases
  • $11,115Loan loss allowance
  • $0Trading account assets
  • $13,207Bank premises and fixed assets
  • $4,680Other real estate owned
  • $0Goodwill and other intangibles
  • $1,762,764Life insurance assets
  • $31,042All other assets
  • $1,303,916Total liabilities and capital
  • $1,285,076Total liabilities
  • $1,285,076Total deposits
  • $1,285,076Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $18,840Subordinated debt
  • $458,848All other liabilities
  • $458,848Total equity capital
  • $458,848Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $458,848Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104,282Income earned, not collected on loans
  • $0Earning assets
  • $7,067Long-term assets (5+ years)
  • $1,700,415Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,740,050Volatile liabilities
  • $1,763,569Insider loans
  • $1,469,623FHLB advances
  • $1,763,424Loans and leases held for sale
  • $350Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $459,508Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,061Restructured Loans and leases
  • $1,924Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $91,179Total interest income
  • $13,702Total interest expense
  • $77,477Net interest income
  • $3,805Provision for loan and lease losses
  • $366Total noninterest income
  • $0Fiduciary activities
  • $210Service charges on deposit accounts
  • $0Trading account gains & fees
  • $156Additional noninterest income
  • $24,251Total noninterest expense
  • $13,928Salaries and employee benefits
  • $4,545Premises and equipment expense
  • $5,778Additional noninterest expense
  • $49,787Pre-tax net operating income
  • $0Securities gains (losses)
  • $22,342Applicable income taxes
  • $27,445Income before extraordinary items
  • $0Extraordinary gains - net
  • $27,445Net income attributable to bank
  • $0Net charge-offs
  • $27,445Cash dividends
  • $2,905Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.61%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 1.44%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 2.86%Pretax return on assets
  • 6.16%Return on equity (ROE)
  • 6.16%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 130.98%Credit loss provision to net charge-offs
  • 18.45%Efficiency ratio
  • 31,154Assets per employee
  • 8.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 10.66%Noncurrent assets plus other real estate owned to assets
  • 6.07%Noncurrent loans to loans
  • 6.72%Net loans and leases to deposits
  • 119.90%Net loans and leases to core deposits
  • 122.75%Equity capital to assets
  • 26.03%Core capital (leverage) ratio
  • 26.06%Tier 1 risk-based capital ratio
  • 31.27%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $1,740,050Average earning assets
  • $445,353Average equity
  • $1,681,641Average loans

List of branches

  • 6 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043137Maspeth Federal Savings And Loan Ass56-18 69th St, Maspeth, NY 11378January 01, 1947Full Service Brick and Mortar
    127985364-19 Woodhaven Blvd Branch64-19 Woodhaven Blvd, New York City, NY 11374January 01, 1947Full Service Brick and Mortar
    2279854101-09 Metropolitan Ave Branch101-09 Metropolitan Ave, New York City, NY 11375January 01, 1947Full Service Brick and Mortar
    3279855185-18 Horace Harding Expy Branch185-18 Horace Harding Expy, New York City, NY 11365January 01, 1947Full Service Brick and Mortar
    100279856801 Jericho Turnpike Branch801 Jericho Turnpike, New Hyde Park, NY 11040January 01, 1947Full Service Brick and Mortar
    101279857Ridgewood Branch66-60 Fresh Pond Road, Ridgewood, NY 11365May 06, 1998Full Service Brick and Mortar

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