Northfield Bank in Staten Island, New York (NY), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Northfield Bank in Staten Island, New York (NY), NJ
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Northfield Bank - Overview

  • General
  • FDIC Certificate #: 28710
    Status: Active
    Federal Reserve ID: 28013
    Date Established: January 01, 1887
    WWW: http://www.enorthfield.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 24 (Domestic: 24, Interstate: Yes)
    OTS Docket #: 18063
    FDIC's unique #: 41544
    Numeric code: 33
    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
    Directly owned by another bank (CERT): #28710
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 28, 1983
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: October 17, 2011
    Last Data Update: October 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1731 Victory Boulevard, Staten Island, NY 10314
    County: Richmond
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $2,367.5 mil
    Equity capital: $347.5 mil
    Deposits held in domestic offices: $1,506.5 mil
    Return on assets (ROA): 0.72% ($17.0 mil)
    Quarterly return on assets: 0.65% ($15.4 mil)
    Return on Equity (ROE): 4.96% ($17.2 mil)
    Quarterly return on equity: 4.43% ($15.4 mil)
    Net income: $16.6 mil
    Quarterly Net income: $3.8 mil
    Pretax return on assets: 1.00% ($23,675.3 mil)
    Quarterly Pretax return on assets: 0.58% ($13,731.7 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
  • 277Total employees (full-time equivalent)
  • $2,367,526Total assets
  • $63,285Cash and due from depository institutions
  • $51,121Interest-bearing balances
  • $1,097,015Securities
  • $453Federal funds sold & reverse repurchase agreements
  • $1,051,532Net loans & leases
  • $26,836Loan loss allowance
  • $4,146Trading account assets
  • $19,988Bank premises and fixed assets
  • $3,358Other real estate owned
  • $17,316Goodwill and other intangibles
  • $2,367,524Life insurance assets
  • $110,433All other assets
  • $2,019,943Total liabilities and capital
  • $1,506,500Total liabilities
  • $1,437,396Total deposits
  • $1,506,500Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 276000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $220,888Trading liabilities
  • $0Other borrowed funds
  • $16,555Subordinated debt
  • $347,581All other liabilities
  • $347,475Total equity capital
  • $347,475Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $105,832Surplus
  • $241,643Undivided profits
  • Memoranda
  • $106Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52,902Income earned, not collected on loans
  • $0Earning assets
  • $8,530Long-term assets (5+ years)
  • $2,204,267Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $2,296,240Volatile liabilities
  • $2,340,428Insider loans
  • $1,336,681FHLB advances
  • $2,332,856Loans and leases held for sale
  • $77,778Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $312,911Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $71,170Restructured Loans and leases
  • $608Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $90,328Total interest income
  • $25,990Total interest expense
  • $64,338Net interest income
  • $12,589Provision for loan and lease losses
  • $9,388Total noninterest income
  • $0Fiduciary activities
  • $2,713Service charges on deposit accounts
  • -$150Trading account gains & fees
  • $6,825Additional noninterest income
  • $40,346Total noninterest expense
  • $23,072Salaries and employee benefits
  • $9,683Premises and equipment expense
  • $7,591Additional noninterest expense
  • $20,791Pre-tax net operating income
  • $2,116Securities gains (losses)
  • $6,325Applicable income taxes
  • $16,582Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,582Net income attributable to bank
  • $0Net charge-offs
  • $16,582Cash dividends
  • $7,644Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.00%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 1.88%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 4.96%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 164.69%Credit loss provision to net charge-offs
  • 4.37%Efficiency ratio
  • 54,604Assets per employee
  • 8.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 50.73%Noncurrent assets plus other real estate owned to assets
  • 2.38%Noncurrent loans to loans
  • 4.91%Net loans and leases to deposits
  • 69.80%Net loans and leases to core deposits
  • 72.62%Equity capital to assets
  • 14.68%Core capital (leverage) ratio
  • 13.41%Tier 1 risk-based capital ratio
  • 23.41%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $2,296,240Average earning assets
  • $334,362Average equity
  • $2,141,638Average loans

List of branches

  • 9 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    2241356Avenel Branch1410 St Georges Avenue, Avenel, NJ 7001January 01, 1927Full Service Brick and Mortar
    23268156Rahway Branch1515 Irving St, Rahway, NJ 7065January 01, 1927Full Service Brick and Mortar
    24268157Brunswick Square Mall Rte 18 Branch755 State Highway 18, East Brunswick, NJ 8816January 01, 1927Full Service Brick and Mortar
    25268158Linden Branch501 North Wood Avenue, Linden, NJ 7036January 01, 1927Full Service Brick and Mortar
    26356899Monroe Branch1600 Perrinville Road, Monroe, NJ 8831June 24, 1999Full Service Brick and Mortar
    27365009Milltown Branch336 Ryders Lane, Milltown, NJ 8850October 16, 2000Full Service Brick and Mortar
    33437116First State Branch16 Commerce Drive, Cranford, NJ 7016January 18, 2006Full Service Brick and Mortar
    34470123Westfield Branch405 South Avenue West, Westfield, NJ 7090October 11, 2007Full Service Brick and Mortar
    3552161814 Commerce Drive Operations Branch14 Commerce Drive, Cranford, NJ 7016Febuary 14, 2011Limited Service Administrative
  • 15 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041544Northfield Bank1731 Victory Boulevard, Staten Island, NY 10314January 01, 1887Full Service Brick and Mortar
    2250729Forest Avenue Branch1481 Forest Avenue, Staten Island, NY 10302January 01, 1971Full Service Brick and Mortar
    3250730Greenridge Branch3227 Richmond Ave, Staten Island, NY 10312December 26, 1975Full Service Brick and Mortar
    4250734New Dorp Branch2706 Hylan Blvd, Staten Island, NY 10306December 15, 1980Full Service Brick and Mortar
    6250728Prince's Bay5775 Amboy Road, Staten Island, NY 10309January 01, 1971Full Service Brick and Mortar
    741124Bay Street Branch385 Bay Street, Staten Island, NY 10301January 01, 1908Full Service Brick and Mortar
    8250731Pathmark Branch1351 Forest Ave, Staten Island, NY 10302July 01, 1976Full Service Brick and Mortar
    17270181West Brighton Branch519 Forest Ave, Staten Island, NY 10310June 30, 1988Full Service Brick and Mortar
    18236688Eltingville Branch4355 Amboy Road, Staten Island, NY 10312June 24, 1983Full Service Brick and Mortar
    20364266Bulls Head1497 Richmond Avenue, Staten Island, NY 10314July 15, 2002Full Service Brick and Mortar
    21364508Pleasant Plains Branch6420 Amboy Road, Staten Island, NY 10309March 25, 2002Full Service Brick and Mortar
    29463620Bay Ridge Branch8512 Third Avenue, Brooklyn, NY 11209April 12, 2007Full Service Brick and Mortar
    30515739Highlawn Branch283 Kings Hwy, Brooklyn, NY 11223December 20, 2010Full Service Brick and Mortar
    31521950Dyker Heights Branch1501 86th Street, Brooklyn, NY 11228June 16, 2011Full Service Brick and Mortar
    32521951Grasmere Branch1158 Hylan Blvd, Staten Island, NY 10305July 17, 2010Full Service Brick and Mortar

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