SI Bank & Trust in Staten Island, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 2004

  • SI Bank & Trust in Staten Island, New York (NY)
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SI Bank & Trust - Overview

  • General
  • FDIC Certificate #: 15986
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independence Community Bank (#16018)
    Federal Reserve ID: 729619
    Date Established: April 07, 1864
    WWW: http://www.sibk.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 14684
    FDIC's unique #: 10217
    Numeric code: 43
    Regulator: OTS
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: April 12, 2004
    Last Structure Change Process Date: June 17, 2004
    Last Data Update: June 17, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 81 Water Street, Staten Island, NY 10304
    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)
  • Financial Summary
  • Total assets: $7,134.2 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, 2003)

  • Dollar figures in thousands
  • 2,360Total employees (full-time equivalent)
  • $7,445,108Total assets
  • $100,613Cash and due from depository institutions
  • $13,291Interest-bearing balances
  • $1,972,382Securities
  • $137,000Federal funds sold & reverse repurchase agreements
  • $4,725,636Net loans & leases
  • $24,460Loan loss allowance
  • $0Trading account assets
  • $51,784Bank premises and fixed assets
  • $2,372Other real estate owned
  • $54,638Goodwill and other intangibles
  • $0Life insurance assets
  • $400,683All other assets
  • $7,445,108Total liabilities and capital
  • $6,918,316Total liabilities
  • $3,872,322Total deposits
  • $3,267,646Interest-bearing deposits
  • $3,872,322Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $646,910Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,334,427Other borrowed funds
  • $0Subordinated debt
  • $64,657All other liabilities
  • $526,792Total equity capital
  • $526,792Total bank equity capital
  • $526,792Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $403,934Undivided profits
  • Memoranda
  • $122,857Noncurrent loans and leases
  • $1,165,887Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $35,093Earning assets
  • $0Long-term assets (5+ years)
  • $21,785Average Assets, year-to-date
  • $6,848,309Average Assets, quarterly
  • $0Volatile liabilities
  • $7,170,065Insider loans
  • $7,481,413FHLB advances
  • $4,341,391Loans and leases held for sale
  • $1,729Unused loan commitments
  • $2,183,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,165,887Total unused commitments
  • $2,613Restructured Loans and leases
  • $24,497Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $356,985Total interest income
  • $165,752Total interest expense
  • $191,233Net interest income
  • $6,968Provision for loan and lease losses
  • $11,553Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,553Additional noninterest income
  • $433,762Total noninterest expense
  • $329,554Salaries and employee benefits
  • $27,178Premises and equipment expense
  • $77,030Additional noninterest expense
  • -$237,944Pre-tax net operating income
  • $307,295Securities gains (losses)
  • $54,027Applicable income taxes
  • $15,324Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,324Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,624Sale, conversion, retirement of capital stock, net
  • $50,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 2.90%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 6.59%Noninterest expense to earning assets
  • -2.53%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 2.75%Return on equity (ROE)
  • -6.23%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 150.69%Credit loss provision to net charge-offs
  • -49.95%Efficiency ratio
  • 213,627Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 326.29%Loss allowance to loans
  • 0.51%Loss allowance to noncurrent loans
  • 69.70%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 122.04%Net loans and leases to core deposits
  • 188.10%Equity capital to assets
  • 7.08%Core capital (leverage) ratio
  • 6.32%Tier 1 risk-based capital ratio
  • 11.72%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $7,170,065Average earning assets
  • $556,262Average equity
  • $6,586,267Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $220,699Managed Assets
  • 1Number of Accounts
  • $219,803Personal trust and agency accounts
  • $16,680Employee benefit-defined contribution accounts
  • $1,722Employee benefit-defined benefit accounts
  • $150,018Other retirement accounts
  • $6,928Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $44,455Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 179Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $896Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $896Fiduciary accounts held in foreign offices

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