FDIC Certificate #: 27502 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:European American Bank (#19882) Federal Reserve ID: 1396698 Date Established: May 08, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9536 FDIC's unique #: 40235 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 08, 1989 Last Structure Change Effective Date: April 08, 2000 Last Structure Change Process Date: May 25, 2000 Last Data Update: May 25, 2000 Data Source Date: April 05, 2012
Location
Address: 8721 Fifth Avenue, New York City, NY 11209 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)
Financial Summary
Total assets: $137.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
28Total employees (full-time equivalent)
$133,674Total assets
$2,634Cash and due from depository institutions
$65Interest-bearing balances
$51,001Securities
$0Federal funds sold & reverse repurchase agreements
$75,916Net loans & leases
$844Loan loss allowance
$0Trading account assets
$721Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,402All other assets
$133,674Total liabilities and capital
$123,460Total liabilities
$107,506Total deposits
$76,959Interest-bearing deposits
$107,506Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,000Other borrowed funds
$0Subordinated debt
$2,954All other liabilities
$10,214Total equity capital
$10,214Total bank equity capital
$10,214Perpetual preferred stock
$0Common stock
$4,100Surplus
$5,800Undivided profits
Memoranda
$314Noncurrent loans and leases
$10,878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$888Earning assets
$0Long-term assets (5+ years)
$428Average Assets, year-to-date
$126,982Average Assets, quarterly
$92,104Volatile liabilities
$124,401Insider loans
$133,149FHLB advances
$18,084Loans and leases held for sale
$2,404Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,878Total unused commitments
$28Restructured Loans and leases
$844Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$9,099Total interest income
$3,685Total interest expense
$5,414Net interest income
$100Provision for loan and lease losses
$1,310Total noninterest income
$0Fiduciary activities
$1,099Service charges on deposit accounts
$0Trading account gains & fees
$211Additional noninterest income
$3,869Total noninterest expense
$2,258Salaries and employee benefits
$711Premises and equipment expense
$900Additional noninterest expense
$2,755Pre-tax net operating income
$0Securities gains (losses)
$1,345Applicable income taxes
$1,410Income before extraordinary items
$0Extraordinary gains - net
$1,410Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.77%Yield on earning assets
3.15%Cost of funding earning assets
4.62%Net interest margin
1.12%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
2.21%Pretax return on assets
14.29%Return on equity (ROE)
14.29%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
5000.00%Credit loss provision to net charge-offs
1427.50%Efficiency ratio
57,540Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
95.05%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
1.16%Net loans and leases to deposits
70.62%Net loans and leases to core deposits
76.36%Equity capital to assets
7.64%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
10.52%Total risk-based capital ratio
Memoranda
$11Average assets
$124,401Average earning assets
$9,868Average equity
$117,078Average loans
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