FDIC Certificate #: 23713 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hudson Valley Bank, National Association (#20693) Federal Reserve ID: 99004 Date Established: Febuary 22, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 13749 FDIC's unique #: 16583 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 22, 1982 Last Structure Change Effective Date: March 01, 2010 Last Structure Change Process Date: March 31, 2010 Last Data Update: March 31, 2010 Data Source Date: April 05, 2012
Location
Address: 369 East 149th Street, Bronx, NY 10455 County: Bronx 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)
Financial Summary
Total assets: $135.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
30Total employees (full-time equivalent)
$135,398Total assets
$14,319Cash and due from depository institutions
$12,372Interest-bearing balances
$17,614Securities
$25,380Federal funds sold & reverse repurchase agreements
$64,081Net loans & leases
$1,882Loan loss allowance
$0Trading account assets
$8,062Bank premises and fixed assets
$237Other real estate owned
$2,274Goodwill and other intangibles
$385Life insurance assets
$3,431All other assets
$135,398Total liabilities and capital
$122,051Total liabilities
$118,265Total deposits
$73,388Interest-bearing deposits
$118,265Deposits held in domestic offices
69.49%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,300Other borrowed funds
$0Subordinated debt
$2,486All other liabilities
$13,347Total equity capital
$13,347Total bank equity capital
$13,347Perpetual preferred stock
$885Common stock
$3,383Surplus
$10,736Undivided profits
Memoranda
$-1,657Noncurrent loans and leases
$3,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,110Earning assets
$0Long-term assets (5+ years)
$924Average Assets, year-to-date
$119,447Average Assets, quarterly
$19,704Volatile liabilities
$142,292Insider loans
$134,661FHLB advances
$25,160Loans and leases held for sale
$1,277Unused loan commitments
$1,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,660Total unused commitments
$0Restructured Loans and leases
$1,001Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,414Total interest income
$802Total interest expense
$5,612Net interest income
$1,488Provision for loan and lease losses
$1,688Total noninterest income
$0Fiduciary activities
$777Service charges on deposit accounts
$0Trading account gains & fees
$911Additional noninterest income
$6,872Total noninterest expense
$2,628Salaries and employee benefits
$1,648Premises and equipment expense
$2,596Additional noninterest expense
-$1,060Pre-tax net operating income
$0Securities gains (losses)
-$571Applicable income taxes
-$489Income before extraordinary items
$0Extraordinary gains - net
-$489Net income attributable to bank
$0Net charge-offs
-$489Cash dividends
$1,128Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.11%Yield on earning assets
0.64%Cost of funding earning assets
4.47%Net interest margin
1.35%Noninterest income to earning assets
5.48%Noninterest expense to earning assets
-0.34%Net operating income to assets
-0.34%Return on assets (ROA)
-0.74%Pretax return on assets
-4.01%Return on equity (ROE)
-4.01%Retained earnings to average equity (YTD only)
1.49%Net charge-offs to loans
131.91%Credit loss provision to net charge-offs
0.38%Efficiency ratio
86,493Assets per employee
4.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.85%Loss allowance to noncurrent loans
23.21%Noncurrent assets plus other real estate owned to assets
6.16%Noncurrent loans to loans
12.29%Net loans and leases to deposits
54.18%Net loans and leases to core deposits
68.83%Equity capital to assets
9.86%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
13.45%Total risk-based capital ratio
Memoranda
$15Average assets
$142,292Average earning assets
$12,200Average equity
$125,437Average loans
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