Union State Bank in Nanuet, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 17, 2008

  • Union State Bank in Nanuet, New York (NY)
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Union State Bank - Overview

  • General
  • FDIC Certificate #: 20119
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KeyBank National Association (#17534)
    Federal Reserve ID: 644600
    Date Established: January 31, 1970
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 31 (Interstate: No)
    OTS Docket #: 10390
    FDIC's unique #: 13820
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 31, 1970
    Last Structure Change Effective Date: January 17, 2008
    Last Structure Change Process Date: March 03, 2008
    Last Data Update: March 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 46 College Avenue, Nanuet, NY 10954
    County: Rockland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Chicago
    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: $2,829.6 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, 2007)

  • Dollar figures in thousands
  • 368Total employees (full-time equivalent)
  • $2,829,590Total assets
  • $36,958Cash and due from depository institutions
  • $44Interest-bearing balances
  • $1,181,201Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,531,384Net loans & leases
  • $31,904Loan loss allowance
  • $0Trading account assets
  • $13,352Bank premises and fixed assets
  • $494Other real estate owned
  • $2,861Goodwill and other intangibles
  • $764Life insurance assets
  • $63,340All other assets
  • $2,829,590Total liabilities and capital
  • $2,567,955Total liabilities
  • $1,803,556Total deposits
  • $1,532,531Interest-bearing deposits
  • $1,803,556Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $626,028Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $126,789Other borrowed funds
  • $0Subordinated debt
  • $11,582All other liabilities
  • $261,635Total equity capital
  • $261,635Total bank equity capital
  • $261,635Perpetual preferred stock
  • $0Common stock
  • $2,203Surplus
  • $65,569Undivided profits
  • Memoranda
  • $193,863Noncurrent loans and leases
  • $519,147Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,707Earning assets
  • $0Long-term assets (5+ years)
  • $19,253Average Assets, year-to-date
  • $2,712,629Average Assets, quarterly
  • $1,463,938Volatile liabilities
  • $2,950,125Insider loans
  • $2,943,517FHLB advances
  • $985,925Loans and leases held for sale
  • $1,717Unused loan commitments
  • $126,789Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $519,147Total unused commitments
  • $0Restructured Loans and leases
  • $22,069Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $188,081Total interest income
  • $94,862Total interest expense
  • $93,219Net interest income
  • $17,027Provision for loan and lease losses
  • $7,007Total noninterest income
  • $0Fiduciary activities
  • $3,229Service charges on deposit accounts
  • $454Trading account gains & fees
  • $3,324Additional noninterest income
  • $51,555Total noninterest expense
  • $32,840Salaries and employee benefits
  • $8,417Premises and equipment expense
  • $10,298Additional noninterest expense
  • $31,644Pre-tax net operating income
  • $0Securities gains (losses)
  • $11,389Applicable income taxes
  • $20,255Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,255Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,225Sale, conversion, retirement of capital stock, net
  • $34,310Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 3.37%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.83%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 7.53%Return on equity (ROE)
  • -5.22%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 1389.96%Credit loss provision to net charge-offs
  • 39.73%Efficiency ratio
  • 50,350Assets per employee
  • 7.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 169.39%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 216.93%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 84.91%Net loans and leases to core deposits
  • 106.08%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 14.96%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,950,125Average earning assets
  • $269,064Average equity
  • $2,818,798Average loans

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