The Savings Bank of Rockland County in Spring Valley, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 12, 1994

  • The Savings Bank of Rockland County in Spring Valley, New York (NY)
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The Savings Bank of Rockland County - Overview

  • General
  • FDIC Certificate #: 19423
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Fidelity Bank, National Association (#33601)
    Federal Reserve ID: 184209
    Date Established: April 03, 1965
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8490
    FDIC's unique #: 13226
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 03, 1965
    Last Structure Change Effective Date: May 12, 1994
    Last Structure Change Process Date: May 19, 1994
    Last Data Update: May 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 154 Spring Valley Marketplace, Spring Valley, NY 10977
    County: Rockland
    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: $177.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $80Total assets
  • $179,106Cash and due from depository institutions
  • $8,075Interest-bearing balances
  • $2,530Securities
  • $31,382Federal funds sold & reverse repurchase agreements
  • $7,245Net loans & leases
  • $120,462Loan loss allowance
  • $2,392Trading account assets
  • $0Bank premises and fixed assets
  • $3,614Other real estate owned
  • $4,369Goodwill and other intangibles
  • $3,959Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $179,106Total liabilities
  • $174,160Total deposits
  • $172,707Interest-bearing deposits
  • $159,375Deposits held in domestic offices
  • 172707.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $724Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $729Total equity capital
  • $729Total bank equity capital
  • $4,946Perpetual preferred stock
  • $0Common stock
  • $650Surplus
  • $5,485Undivided profits
  • Memoranda
  • $-1,189Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,686Income earned, not collected on loans
  • $1,272Earning assets
  • $161,619Long-term assets (5+ years)
  • $47,047Average Assets, year-to-date
  • $187,873Average Assets, quarterly
  • $182,259Volatile liabilities
  • $7,441Insider loans
  • $3,182FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12,211Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,206Total risk weighted assets
  • $125,202Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,633Total interest expense
  • $6,083Net interest income
  • $6,550Provision for loan and lease losses
  • $1,970Total noninterest income
  • $1,131Fiduciary activities
  • $0Service charges on deposit accounts
  • $465Trading account gains & fees
  • $0Additional noninterest income
  • $666Total noninterest expense
  • $9,497Salaries and employee benefits
  • $2,992Premises and equipment expense
  • $877Additional noninterest expense
  • $5,628Pre-tax net operating income
  • -$3,786Securities gains (losses)
  • $501Applicable income taxes
  • -$120Income before extraordinary items
  • -$3,165Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,165Net charge-offs
  • $1,492Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.47%Cost of funding earning assets
  • 3.60%Net interest margin
  • 3.87%Noninterest income to earning assets
  • 0.67%Noninterest expense to earning assets
  • 5.62%Net operating income to assets
  • -1.94%Return on assets (ROA)
  • -1.68%Pretax return on assets
  • -1.75%Return on equity (ROE)
  • -47.52%Retained earnings to average equity (YTD only)
  • -47.52%Net charge-offs to loans
  • 1.20%Credit loss provision to net charge-offs
  • 132.04%Efficiency ratio
  • 123,643Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 17.48%Noncurrent assets plus other real estate owned to assets
  • 9.31%Noncurrent loans to loans
  • 11.14%Net loans and leases to deposits
  • 69.75%Net loans and leases to core deposits
  • 72.57%Equity capital to assets
  • 2.76%Core capital (leverage) ratio
  • 2.87%Tier 1 risk-based capital ratio
  • 4.16%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $187,873Average earning assets
  • $6,660Average equity
  • $169,077Average loans

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