FDIC Certificate #: 29963 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union State Bank (#20119) Federal Reserve ID: 970176 Date Established: January 01, 1891 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4436 FDIC's unique #: 42797 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 15, 1938 Last Structure Change Effective Date: April 30, 1999 Last Structure Change Process Date: June 02, 1999 Last Data Update: June 02, 1999 Data Source Date: April 05, 2012
Location
Address: 75 North Broadway, Tarrytown, NY 10591 County: Westchester 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: $156.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$159,266Total assets
$2,312Cash and due from depository institutions
$1,492Interest-bearing balances
$82,199Securities
$15,400Federal funds sold & reverse repurchase agreements
$54,625Net loans & leases
$715Loan loss allowance
$0Trading account assets
$576Bank premises and fixed assets
$0Other real estate owned
$501Goodwill and other intangibles
$0Life insurance assets
$3,653All other assets
$159,266Total liabilities and capital
$138,148Total liabilities
$106,583Total deposits
$102,165Interest-bearing deposits
$106,583Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$29,417Other borrowed funds
$0Subordinated debt
$2,148All other liabilities
$21,118Total equity capital
$21,118Total bank equity capital
$21,118Perpetual preferred stock
$0Common stock
$1Surplus
$7,445Undivided profits
Memoranda
$13,672Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$759Earning assets
$0Long-term assets (5+ years)
$368Average Assets, year-to-date
$153,716Average Assets, quarterly
$0Volatile liabilities
$136,275Insider loans
$147,221FHLB advances
$45,072Loans and leases held for sale
$0Unused loan commitments
$29,417Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,251Total unused commitments
$0Restructured Loans and leases
$46,431Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$10,018Total interest income
$5,388Total interest expense
$4,630Net interest income
$40Provision for loan and lease losses
$208Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$208Additional noninterest income
$2,706Total noninterest expense
$1,650Salaries and employee benefits
$400Premises and equipment expense
$656Additional noninterest expense
$2,092Pre-tax net operating income
$167Securities gains (losses)
$943Applicable income taxes
$1,316Income before extraordinary items
-$963Extraordinary gains - net
$353Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.61%Yield on earning assets
4.09%Cost of funding earning assets
3.52%Net interest margin
0.16%Noninterest income to earning assets
2.06%Noninterest expense to earning assets
0.89%Net operating income to assets
0.26%Return on assets (ROA)
0.95%Pretax return on assets
1.94%Return on equity (ROE)
-0.26%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
250.00%Credit loss provision to net charge-offs
133.25%Efficiency ratio
55,126Assets per employee
12.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.31%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
94.20%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
1.37%Net loans and leases to deposits
51.25%Net loans and leases to core deposits
60.08%Equity capital to assets
13.26%Core capital (leverage) ratio
13.05%Tier 1 risk-based capital ratio
44.64%Total risk-based capital ratio
Memoranda
$46Average assets
$136,275Average earning assets
$18,176Average equity
$131,631Average loans
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 Tarrytowns Bank, FSB.
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: