FDIC Certificate #: 19695 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley National Bank (#9396) Federal Reserve ID: 651103 Bank Holding Company (Regulatory Top Holder): State Bancorp, Inc. (RSSDID: 1138861, Location: New Hyde Park, NY) Date Established: March 31, 1967 WWW:http://www.statebankofli.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 17 (Domestic: 17, Interstate: No) OTS Docket #: 12856 FDIC's unique #: 13494 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: March 31, 1967 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 10, 2012 Last Data Update: January 10, 2012 Data Source Date: April 05, 2012
Location
Address: 2 Jericho Plaza, Jericho, NY 11753 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: $1,602.6 mil Equity capital: $175.0 mil Deposits held in domestic offices: $1,380.7 mil Return on assets (ROA): 0.86% ($13.8 mil) Quarterly return on assets: 0.08% ($1.3 mil) Return on Equity (ROE): 7.80% ($13.7 mil) Quarterly return on equity: 0.69% ($1.2 mil) Net income: $13.8 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.41% ($22,596.1 mil) Quarterly Pretax return on assets: 0.13% ($2,083.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
239Total employees (full-time equivalent)
$1,602,557Total assets
$117,586Cash and due from depository institutions
$92,142Interest-bearing balances
$274,447Securities
$0Federal funds sold & reverse repurchase agreements
$1,137,809Net loans & leases
$21,563Loan loss allowance
$0Trading account assets
$4,879Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,602,557Life insurance assets
$67,836All other assets
$1,427,585Total liabilities and capital
$1,380,703Total liabilities
$1,005,623Total deposits
$1,380,703Interest-bearing deposits
$69Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$31,000Trading liabilities
$0Other borrowed funds
$15,882Subordinated debt
$174,972All other liabilities
$174,972Total equity capital
$174,972Total bank equity capital
$0Perpetual preferred stock
$3,150Common stock
$121,857Surplus
$49,965Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,987Income earned, not collected on loans
$0Earning assets
$5,386Long-term assets (5+ years)
$1,504,398Average Assets, year-to-date
$324,338Average Assets, quarterly
$1,602,889Volatile liabilities
$1,609,807Insider loans
$1,284,355FHLB advances
$1,633,864Loans and leases held for sale
$30,843Unused loan commitments
$259Tier 1 (core) risk-based capital
$162,851Tier 2 risk-based capital
$30,584Total risk weighted assets
$0Total unused commitments
$198,607Restructured Loans and leases
$824Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$73,238Total interest income
$8,399Total interest expense
$64,839Net interest income
-$500Provision for loan and lease losses
$3,683Total noninterest income
$0Fiduciary activities
$1,791Service charges on deposit accounts
$0Trading account gains & fees
$1,892Additional noninterest income
$47,465Total noninterest expense
$24,098Salaries and employee benefits
$5,997Premises and equipment expense
$17,370Additional noninterest expense
$21,557Pre-tax net operating income
$1,069Securities gains (losses)
$8,785Applicable income taxes
$13,841Income before extraordinary items
$0Extraordinary gains - net
$13,841Net income attributable to bank
$0Net charge-offs
$13,841Cash dividends
$11,015Sale, conversion, retirement of capital stock, net
$13,200Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.87%Yield on earning assets
0.56%Cost of funding earning assets
4.31%Net interest margin
0.24%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.82%Net operating income to assets
0.86%Return on assets (ROA)
1.41%Pretax return on assets
7.80%Return on equity (ROE)
0.36%Retained earnings to average equity (YTD only)
0.96%Net charge-offs to loans
-4.54%Credit loss provision to net charge-offs
1.91%Efficiency ratio
69,270Assets per employee
6.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.37%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
239.94%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.78%Net loans and leases to deposits
82.41%Net loans and leases to core deposits
102.29%Equity capital to assets
10.92%Core capital (leverage) ratio
9.97%Tier 1 risk-based capital ratio
12.68%Total risk-based capital ratio
Memoranda
$14Average assets
$1,602,889Average earning assets
$177,400Average equity
$1,504,394Average loans
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