FDIC Certificate #: 57339 Status: Active Federal Reserve ID: 3108907 Date Established: April 19, 2002 WWW:http://www.providentbanking.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 362131 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Directly owned by another bank (CERT):#57339 Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: April 19, 2002 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $469.5 mil Equity capital: $59.1 mil Deposits held in domestic offices: $401.5 mil Return on assets (ROA): 0.88% ($4.1 mil) Quarterly return on assets: 0.95% ($4.5 mil) Return on Equity (ROE): 7.86% ($4.6 mil) Quarterly return on equity: 9.49% ($5.6 mil) Net income: $4.2 mil Quarterly Net income: $1.4 mil Pretax return on assets: 0.89% ($4,178.7 mil) Quarterly Pretax return on assets: 1.14% ($5,352.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
4Total employees (full-time equivalent)
$469,515Total assets
$7,200Cash and due from depository institutions
$307Interest-bearing balances
$219,949Securities
$239,738Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$469,515Life insurance assets
$2,628All other assets
$410,428Total liabilities and capital
$401,516Total liabilities
$386,355Total deposits
$401,516Interest-bearing deposits
$21Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8,912Subordinated debt
$59,087All other liabilities
$59,087Total equity capital
$59,087Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$25,500Surplus
$32,587Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$1,184Long-term assets (5+ years)
$459,994Average Assets, year-to-date
$198,469Average Assets, quarterly
$475,485Volatile liabilities
$575,167Insider loans
$148,598FHLB advances
$584,813Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$52,492Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,205Total interest income
$1,362Total interest expense
$4,843Net interest income
$0Provision for loan and lease losses
$1Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,798Total noninterest expense
$920Salaries and employee benefits
$27Premises and equipment expense
$851Additional noninterest expense
$3,046Pre-tax net operating income
$1,173Securities gains (losses)
$19Applicable income taxes
$4,200Income before extraordinary items
$0Extraordinary gains - net
$4,200Net income attributable to bank
$0Net charge-offs
$4,200Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.34%Yield on earning assets
0.29%Cost of funding earning assets
1.04%Net interest margin
0.00%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
0.64%Net operating income to assets
0.88%Return on assets (ROA)
0.89%Pretax return on assets
7.86%Return on equity (ROE)
7.86%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
37,118Assets per employee
117.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
12.58%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
35.32%Total risk-based capital ratio
Memoranda
$35Average assets
$475,485Average earning assets
$53,412Average equity
$464,623Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
362131
Provident Municipal Bank
400 Rella Boulevard, Montebello, NY 10901
April 19, 2002
Full Service Brick and Mortar
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