Signature Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Signature Bank - Overview

  • General
  • FDIC Certificate #: 57053
    Status: Active
    Federal Reserve ID: 2942690
    Date Established: April 12, 2001
    WWW: http://www.signatureny.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 26 (Domestic: 26, Interstate: No)
    FDIC's unique #: 356455
    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: April 12, 2001
    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: 565 Fifth Avenue, New York, NY 10017
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $14,666.1 mil
    Equity capital: $1,408.1 mil
    Deposits held in domestic offices: $11,754.6 mil
    Return on assets (ROA): 1.14% ($167.2 mil)
    Quarterly return on assets: 1.12% ($164.3 mil)
    Return on Equity (ROE): 12.96% ($182.5 mil)
    Quarterly return on equity: 11.53% ($162.3 mil)
    Net income: $149.5 mil
    Quarterly Net income: $40.0 mil
    Pretax return on assets: 2.03% ($297,722.3 mil)
    Quarterly Pretax return on assets: 2.00% ($293,322.4 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
  • 720Total employees (full-time equivalent)
  • $14,666,121Total assets
  • $135,748Cash and due from depository institutions
  • $2,374Interest-bearing balances
  • $7,002,505Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,156,589Net loans & leases
  • $86,162Loan loss allowance
  • $9Trading account assets
  • $26,229Bank premises and fixed assets
  • $566Other real estate owned
  • $0Goodwill and other intangibles
  • $14,666,121Life insurance assets
  • $344,475All other assets
  • $13,258,005Total liabilities and capital
  • $11,754,636Total liabilities
  • $8,605,702Total deposits
  • $11,754,636Interest-bearing deposits
  • $45Deposits held in domestic offices
  • 750800.00%% insured (estimated)
  • $10Federal funds purchased & repurchase agreements
  • $675,000Trading liabilities
  • $0Other borrowed funds
  • $77,559Subordinated debt
  • $1,408,116All other liabilities
  • $1,408,116Total equity capital
  • $1,408,116Total bank equity capital
  • $0Perpetual preferred stock
  • $462Common stock
  • $954,833Surplus
  • $452,821Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $392,025Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52,525Income earned, not collected on loans
  • $1,307Earning assets
  • $60,533Long-term assets (5+ years)
  • $14,161,468Average Assets, year-to-date
  • $5,786,789Average Assets, quarterly
  • $13,132,393Volatile liabilities
  • $14,261,885Insider loans
  • $8,066,875FHLB advances
  • $14,255,031Loans and leases held for sale
  • $62,243Unused loan commitments
  • $26,318Tier 1 (core) risk-based capital
  • $1,378,218Tier 2 risk-based capital
  • $35,925Total risk weighted assets
  • $0Total unused commitments
  • $436,006Restructured Loans and leases
  • $12,871Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $580,700Total interest income
  • $120,809Total interest expense
  • $459,891Net interest income
  • $51,876Provision for loan and lease losses
  • $26,085Total noninterest income
  • $0Fiduciary activities
  • $7,571Service charges on deposit accounts
  • $319Trading account gains & fees
  • $18,195Additional noninterest income
  • $182,295Total noninterest expense
  • $114,367Salaries and employee benefits
  • $22,376Premises and equipment expense
  • $45,552Additional noninterest expense
  • $251,805Pre-tax net operating income
  • $15,419Securities gains (losses)
  • $117,699Applicable income taxes
  • $149,525Income before extraordinary items
  • $0Extraordinary gains - net
  • $149,525Net income attributable to bank
  • $0Net charge-offs
  • $149,525Cash dividends
  • $33,110Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 1.44%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 12.96%Return on equity (ROE)
  • 12.96%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 156.68%Credit loss provision to net charge-offs
  • 9.17%Efficiency ratio
  • 37,511Assets per employee
  • 20.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 164.04%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 60.88%Net loans and leases to core deposits
  • 63.57%Equity capital to assets
  • 9.60%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 17.08%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $13,132,393Average earning assets
  • $1,153,509Average equity
  • $12,636,680Average loans

List of branches

  • 26 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356455Signature Bank565 Fifth Avenue, New York, NY 10017April 12, 2001Full Service Brick and Mortar
    1359944261 Madison Avenue261 Madison Avenue, New York, NY 10017April 12, 2001Full Service Brick and Mortar
    2360813Third Branch950 Third Avenue, New York, NY 10022May 30, 2001Full Service Brick and Mortar
    3360814Remson Branch26 Court Street And Remson Street, Brooklyn, NY 11242May 30, 2001Full Service Brick and Mortar
    4360815300 Park Avenue Branch300 Park Avenue, New York, NY 10022May 30, 2001Full Service Brick and Mortar
    536081671 Broadway Branch71 Broadway And Rector Street, New York, NY 10006May 30, 2001Full Service Brick and Mortar
    63627101-C Quaker Ridge Road Branch1-C Quaker Ridge Road, New Rochelle, NY 10804December 10, 2001Full Service Brick and Mortar
    7364125Garden City Branch1225 Franklin Avenue, Garden City, NY 11530June 24, 2002Full Service Brick and Mortar
    8365363Brooklyn Branch84 Broadway, Brooklyn, NY 11211March 25, 2002Full Service Brick and Mortar
    9430773Rockville Centre Branch279 Sunrise Highway, Rockville Centre, NY 11570March 15, 2004Full Service Brick and Mortar
    10430774Melville Branch68 South Service Road, Melville, NY 11747April 26, 2004Full Service Brick and Mortar
    11432314923 Broadway923 Broadway, Woodmere, NY 11598September 24, 2004Full Service Brick and Mortar
    1243999436-36 33rd Street Long Island City36-36 33rd Street, Long Island City, NY 11106April 21, 2005Full Service Brick and Mortar
    13445562Hunts Point Avenue Branch421 Hunts Point Avenue, Bronx, NY 10474November 10, 2005Full Service Brick and Mortar
    14446196Hamilton Avenue Branch360 Hamilton Avenue, White Plains, NY 10601December 12, 2005Full Service Brick and Mortar
    15446968Park Avenue South Branch200 Park Avenue South, New York, NY 10003January 23, 2006Full Service Brick and Mortar
    16453863Madison Avenue Office1020 Madison Avenue, New York, NY 10021July 06, 2006Full Service Brick and Mortar
    17462437Great Neck Branch40 Cuttermill Road, Great Neck, NY 11021April 12, 2007Full Service Brick and Mortar
    1846400611 Broadway Branch11 Broadway, New York, NY 10006May 31, 2007
    19465402Jackson Heights Branch78-37 37th Street, Jackson Heights, NY 11372October 10, 2006Full Service Brick and Mortar
    20469909New Utrecht Avenue Branch6321 New Urecht Avenue, Brooklyn, NY 11219November 13, 2007Full Service Brick and Mortar
    21474009Jericho Branch100 Jericho Quadrangle, Jericho, NY 11753March 31, 2008Full Service Brick and Mortar
    22493456Staten Island Branch2066 Hylan Boulevard, Staten Island, NY 10306November 20, 2008Full Service Brick and Mortar
    23495149West 57th Street Branch50 West 57th Street, New York, NY 10019September 16, 2009Full Service Brick and Mortar
    24515147Sutphin Blvd. Branch89-36 Sutphin Blvd., Jamaica, NY 11435December 17, 2010Full Service Brick and Mortar
    25522207Penn Plaza BranchTwo Penn Plaza, 17th Floor, New York, NY 10121August 19, 2011Full Service Brick and Mortar

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