FDIC Certificate #: 58641 Status: Active Federal Reserve ID: 3685396 Date Established: January 15, 2008 WWW:http://www.banksavoy.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 #: 460988 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 Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 15, 2008 Last Structure Change Effective Date: August 01, 2011 Last Structure Change Process Date: August 18, 2011 Last Data Update: August 18, 2011 Data Source Date: April 05, 2012
Location
Address: 1675 Broadway, New York, NY 10019 County: New York 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: $78.9 mil Equity capital: $8.1 mil Deposits held in domestic offices: $69.8 mil Return on assets (ROA): -1.84% (-$1.5 mil) Quarterly return on assets: -2.22% (-$1.8 mil) Return on Equity (ROE): -16.83% (-$1.3 mil) Quarterly return on equity: -21.92% (-$1.8 mil) Net income: -$1.5 mil Quarterly Net income: -$0.5 mil Pretax return on assets: -1.81% (-$1,428.7 mil) Quarterly Pretax return on assets: -2.19% (-$1,728.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$78,934Total assets
$5,023Cash and due from depository institutions
$3,638Interest-bearing balances
$8,544Securities
$10,500Federal funds sold & reverse repurchase agreements
$53,283Net loans & leases
$2,637Loan loss allowance
$0Trading account assets
$1,067Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$78,934Life insurance assets
$517All other assets
$70,834Total liabilities and capital
$69,765Total liabilities
$55,644Total deposits
$69,765Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,069Subordinated debt
$8,100All other liabilities
$8,100Total equity capital
$8,100Total bank equity capital
$0Perpetual preferred stock
$3,528Common stock
$19,264Surplus
$-14,692Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,681Income earned, not collected on loans
$0Earning assets
$268Long-term assets (5+ years)
$75,965Average Assets, year-to-date
$10,410Average Assets, quarterly
$80,766Volatile liabilities
$82,342Insider loans
$58,807FHLB advances
$81,728Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,842Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,447Restructured Loans and leases
$789Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,841Total interest income
$731Total interest expense
$3,110Net interest income
$551Provision for loan and lease losses
$91Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
$62Additional noninterest income
$4,110Total noninterest expense
$1,439Salaries and employee benefits
$1,223Premises and equipment expense
$1,448Additional noninterest expense
-$1,460Pre-tax net operating income
$0Securities gains (losses)
$23Applicable income taxes
-$1,483Income before extraordinary items
$0Extraordinary gains - net
-$1,483Net income attributable to bank
$0Net charge-offs
-$1,483Cash dividends
$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
0.95%Cost of funding earning assets
4.04%Net interest margin
0.12%Noninterest income to earning assets
5.34%Noninterest expense to earning assets
-1.84%Net operating income to assets
-1.84%Return on assets (ROA)
-1.81%Pretax return on assets
-16.83%Return on equity (ROE)
-16.83%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
1620.59%Credit loss provision to net charge-offs
-26.74%Efficiency ratio
128,397Assets per employee
6.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.72%Loss allowance to noncurrent loans
34.33%Noncurrent assets plus other real estate owned to assets
9.73%Noncurrent loans to loans
13.74%Net loans and leases to deposits
76.37%Net loans and leases to core deposits
83.48%Equity capital to assets
10.26%Core capital (leverage) ratio
9.60%Tier 1 risk-based capital ratio
13.34%Total risk-based capital ratio
Memoranda
$15Average assets
$80,766Average earning assets
$8,813Average equity
$77,014Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
460988
Savoy Bank
1675 Broadway, New York, NY 10019
January 15, 2008
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Savoy Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: