Provident Bank in Montebello, New York (NY), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Provident Bank in Montebello, New York (NY), NJ
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Provident Bank - Overview

  • General
  • FDIC Certificate #: 30337
    Status: Active
    Federal Reserve ID: 125471
    Date Established: January 01, 1895
    WWW: http://www.providentbanking.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 36 (Domestic: 36, Interstate: Yes)
    OTS Docket #: 5190
    FDIC's unique #: 43171
    Numeric code: 37
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 09, 1949
    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: 400 Rella Boulevard, Montebello, NY 10901
    County: Rockland
    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: $3,075.6 mil
    Equity capital: $414.2 mil
    Deposits held in domestic offices: $2,161.0 mil
    Return on assets (ROA): 0.35% ($10.8 mil)
    Quarterly return on assets: 0.73% ($22.5 mil)
    Return on Equity (ROE): 2.60% ($10.8 mil)
    Quarterly return on equity: 5.49% ($22.7 mil)
    Net income: $10.5 mil
    Quarterly Net income: $5.6 mil
    Pretax return on assets: 0.41% ($12,609.9 mil)
    Quarterly Pretax return on assets: 0.98% ($30,140.8 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
  • 507Total employees (full-time equivalent)
  • $3,075,596Total assets
  • $40,948Cash and due from depository institutions
  • $3,639Interest-bearing balances
  • $966,502Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,750,978Net loans & leases
  • $28,245Loan loss allowance
  • $0Trading account assets
  • $39,556Bank premises and fixed assets
  • $5,625Other real estate owned
  • $161,237Goodwill and other intangibles
  • $3,075,596Life insurance assets
  • $110,750All other assets
  • $2,661,386Total liabilities and capital
  • $2,160,986Total liabilities
  • $2,055,569Total deposits
  • $2,160,986Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 206696.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $268,744Trading liabilities
  • $187Other borrowed funds
  • $24,773Subordinated debt
  • $414,210All other liabilities
  • $414,210Total equity capital
  • $414,210Total bank equity capital
  • $0Perpetual preferred stock
  • $386Common stock
  • $299,879Surplus
  • $113,945Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $45,913Income earned, not collected on loans
  • $0Earning assets
  • $9,430Long-term assets (5+ years)
  • $2,721,119Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $3,002,848Volatile liabilities
  • $3,102,012Insider loans
  • $2,111,344FHLB advances
  • $2,908,819Loans and leases held for sale
  • $57,392Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $247,433Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $352,486Restructured Loans and leases
  • $131Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $111,689Total interest income
  • $20,676Total interest expense
  • $91,013Net interest income
  • $16,434Provision for loan and lease losses
  • $14,983Total noninterest income
  • $0Fiduciary activities
  • $10,387Service charges on deposit accounts
  • -$434Trading account gains & fees
  • $5,030Additional noninterest income
  • $84,978Total noninterest expense
  • $44,249Salaries and employee benefits
  • $16,428Premises and equipment expense
  • $24,301Additional noninterest expense
  • $4,584Pre-tax net operating income
  • $7,684Securities gains (losses)
  • $1,769Applicable income taxes
  • $10,499Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,499Net income attributable to bank
  • $0Net charge-offs
  • $10,499Cash dividends
  • $19,225Sale, conversion, retirement of capital stock, net
  • $10,007Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 2.60%Return on equity (ROE)
  • 0.12%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 85.48%Credit loss provision to net charge-offs
  • 1.09%Efficiency ratio
  • 79,176Assets per employee
  • 6.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.31%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 61.52%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 81.03%Net loans and leases to core deposits
  • 84.80%Equity capital to assets
  • 13.47%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 11.72%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $3,002,848Average earning assets
  • $403,812Average equity
  • $2,639,921Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,612Managed Assets
  • 1Number of Accounts
  • $3,598Personal trust and agency accounts
  • $2,591Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $132Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $875Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 17Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $14Other retirement accounts
  • $1Corporate trust and agency accounts
  • $13Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 New Jersey Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    2376797Lodi Branch2 Arnot Street, Lodi, NJ 7644October 25, 1999Full Service Brick and Mortar
  • 35 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043171Provident Bank400 Rella Boulevard, Montebello, NY 10901January 01, 1895Full Service Brick and Mortar
    1242530Rock Hill Branch253 Rock Hill Drive, Rock Hill, NY 12775November 15, 1968Full Service Brick and Mortar
    2280049Orangeburg Branch375 Route 303, Orangeburg, NY 10962January 01, 1895Full Service Brick and Mortar
    4280051Congers Branch 41 Lake Road West, Suite 1, Congers, NY 10920January 01, 1895Full Service Brick and Mortar
    5280052Airmont Branch196 Route 59, Airmont, NY 10901January 01, 1895Full Service Brick and Mortar
    6242535Chester Branch3 Bryle Place, Chester, NY 10918November 06, 1985Full Service Brick and Mortar
    7242536Wallkill Town Center Branch485 Schutt Rd, Middletown, NY 10940October 19, 1992Full Service Brick and Mortar
    841564Suffern Branch71 Lafayette Ave, Suffern, NY 10901January 01, 1877Full Service Brick and Mortar
    9280054Pearl River Office26 North Middletown Road, Pearl River, NY 10965October 01, 1994Full Service Brick and Mortar
    11236537Hillcrest Branch (Spring Valley)72 West Eckerson Road, Spring Valley, NY 10977March 22, 1996Full Service Brick and Mortar
    12280055Nanuet Branch44 West Route 59, Nanuet, NY 10954April 15, 1996Full Service Brick and Mortar
    13361238Havershaw Branch38-40 New Main Street, Haverstraw, NY 10927September 24, 1998Full Service Brick and Mortar
    144708Florida Branch7 Edward J. Lempka Drive, Florida, NY 10921January 01, 1933Full Service Brick and Mortar
    15213433Slate Hill BranchPo Box 305 1992 Route 284, Slate Hill, NY 10973October 28, 1974Full Service Brick and Mortar
    1610219The Warwick Savings Bank Branch18 Oakland Avenue, Warwick, NY 10990January 01, 1875Full Service Brick and Mortar
    17236398Monroe Branch591 Route 17m, Monroe, NY 10950January 04, 1971Full Service Brick and Mortar
    18518626Harriman Branch 17340 Larkin Drive, Monroe, NY 10950Febuary 23, 2003Full Service Brick and Mortar
    19242531Pine Bush Branch 2236 Boniface Drive, Pine Bush, NY 12566Febuary 10, 1975Full Service Brick and Mortar
    20242533Blooming Grove Branch815 Route 208, Monroe, NY 10950April 01, 1982Full Service Brick and Mortar
    21360241Carmel Branch1875 Route 6, Carmel, NY 10512October 30, 1989Full Service Brick and Mortar
    22419225Goshen Branch60 Matthews Street, Goshen, NY 10924June 14, 2003Full Service Brick and Mortar
    26492421Commercial Loan Center / Tarrytown580 White Plains Road, Tarrytown, NY 10591December 03, 2007Full Service Brick and Mortar
    27280048New City Branch179 South Main Street, New City, NY 10956January 01, 1895Full Service Brick and Mortar
    28280050Stony Point Branch153 South Liberty Dr Route 9w, Stony Point, NY 10980January 01, 1895Full Service Brick and Mortar
    29518627Nyack Branch24 North Highland Avenue, Nyack, NY 10960January 25, 2010Full Service Brick and Mortar
    30236399Woodbury BranchHollett Lane And Route 32, Highland Mills, NY 10930January 04, 1971Full Service Brick and Mortar
    31236401Wallkill East Branch1 Industrial Drive, Suite 100, Middletown, NY 10941July 27, 1998Full Service Brick and Mortar
    32280053Mt. Ivy Branch1633 Route 202, Pomona, NY 10970March 12, 1990Full Service Brick and Mortar
    34518632Kerhonkson Branch6100 Route 209, Kerhonkson, NY 12446January 14, 2004Full Service Brick and Mortar
    37236402Newburgh Branch 361425 Route 300, Newburgh, NY 12550December 06, 1999Full Service Brick and Mortar
    38518628Warwick - Shoprite Branch 11153 Route 94 South, Warwick, NY 10990December 03, 2007Full Service Brick and Mortar
    39242534South Fallsburg Branch5193 Main Street, South Fallsburg, NY 12779November 15, 1984Full Service Brick and Mortar
    40518629Yonkers Branch 17733 Yonkers Ave, Suite Ll1, Yonkers, NY 10704March 29, 2010Full Service Brick and Mortar
    43518630White Plains Branch 531133 Westchester Avenue, Suite N224, White Plains, NY 10604March 09, 2009Full Service Brick and Mortar
    44518631Ellenville Branch70 Canal Street, Ellenville, NY 12428January 04, 2004Full Service Brick and Mortar

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