Reliance Federal Savings Bank in Garden City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 2000

  • Reliance Federal Savings Bank in Garden City, New York (NY)
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Reliance Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29210
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: North Fork Bank (#15985)
    Federal Reserve ID: 654971
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3103
    FDIC's unique #: 42044
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 05, 1935
    Last Structure Change Effective Date: Febuary 19, 2000
    Last Structure Change Process Date: May 18, 2000
    Last Data Update: May 18, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Garden City Plaza, Garden City, NY 11530
    County: Nassau
    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): Nassau-Suffolk, NY (#5380)
    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: Nassau-Suffolk, NY (#35004)
  • Financial Summary
  • Total assets: $2,454.7 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
  • 399Total employees (full-time equivalent)
  • $2,454,711Total assets
  • $38,916Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,242,571Securities
  • $30,000Federal funds sold & reverse repurchase agreements
  • $990,831Net loans & leases
  • $8,956Loan loss allowance
  • $0Trading account assets
  • $17,247Bank premises and fixed assets
  • $95Other real estate owned
  • $53,038Goodwill and other intangibles
  • $0Life insurance assets
  • $82,013All other assets
  • $2,454,711Total liabilities and capital
  • $2,250,806Total liabilities
  • $1,553,905Total deposits
  • $1,477,262Interest-bearing deposits
  • $1,553,905Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $256,781Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $417,718Other borrowed funds
  • $0Subordinated debt
  • $22,402All other liabilities
  • $203,905Total equity capital
  • $203,905Total bank equity capital
  • $203,905Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $113,448Undivided profits
  • Memoranda
  • $90,456Noncurrent loans and leases
  • $84,110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,213Earning assets
  • $0Long-term assets (5+ years)
  • $5,670Average Assets, year-to-date
  • $2,263,402Average Assets, quarterly
  • $0Volatile liabilities
  • $2,460,135Insider loans
  • $2,463,586FHLB advances
  • $857,265Loans and leases held for sale
  • $2,274Unused loan commitments
  • $414,097Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $84,110Total unused commitments
  • $223Restructured Loans and leases
  • $8,956Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $162,007Total interest income
  • $91,809Total interest expense
  • $70,198Net interest income
  • $18Provision for loan and lease losses
  • $11,013Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,013Additional noninterest income
  • $40,719Total noninterest expense
  • $20,856Salaries and employee benefits
  • $7,136Premises and equipment expense
  • $12,727Additional noninterest expense
  • $40,474Pre-tax net operating income
  • $121Securities gains (losses)
  • $17,502Applicable income taxes
  • $23,093Income before extraordinary items
  • $0Extraordinary gains - net
  • $23,093Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $187Sale, conversion, retirement of capital stock, net
  • $12,018Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.06%Yield on earning assets
  • 4.00%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 11.13%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 9.63%Credit loss provision to net charge-offs
  • 216.53%Efficiency ratio
  • 44,520Assets per employee
  • 6.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.04%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 124.16%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 63.76%Net loans and leases to core deposits
  • 72.26%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 7.07%Tier 1 risk-based capital ratio
  • 16.54%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $2,460,135Average earning assets
  • $207,462Average equity
  • $2,295,139Average loans

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