United States Trust Company , National Association in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 22, 2008

  • United States Trust Company , National Association in New York, New York (NY)
  • Show street view No street view available for this location

United States Trust Company , National Association - Overview

  • General
  • FDIC Certificate #: 34061
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 2333412
    Date Established: September 01, 1995
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 29 (Interstate: No)
    FDIC's unique #: 56140
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 01, 1995
    Last Structure Change Effective Date: Febuary 22, 2008
    Last Structure Change Process Date: March 06, 2008
    Last Data Update: March 06, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 West 47th Street, New York, NY 10036
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    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: $13,149.2 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
  • 1,414Total employees (full-time equivalent)
  • $13,149,170Total assets
  • $76,464Cash and due from depository institutions
  • $26,916Interest-bearing balances
  • $74,138Securities
  • $2,267,000Federal funds sold & reverse repurchase agreements
  • $7,244,268Net loans & leases
  • $544Loan loss allowance
  • $0Trading account assets
  • $63,406Bank premises and fixed assets
  • $0Other real estate owned
  • $2,868,849Goodwill and other intangibles
  • $731Life insurance assets
  • $555,045All other assets
  • $13,149,170Total liabilities and capital
  • $9,407,344Total liabilities
  • $7,863,211Total deposits
  • $7,116,041Interest-bearing deposits
  • $7,863,211Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,200Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,100,036Other borrowed funds
  • $0Subordinated debt
  • $437,897All other liabilities
  • $3,741,826Total equity capital
  • $3,741,826Total bank equity capital
  • $3,741,826Perpetual preferred stock
  • $0Common stock
  • $14,995Surplus
  • $3,688,503Undivided profits
  • Memoranda
  • $38,328Noncurrent loans and leases
  • $849,284Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,206Earning assets
  • $0Long-term assets (5+ years)
  • $36,384Average Assets, year-to-date
  • $9,612,322Average Assets, quarterly
  • $2,383,546Volatile liabilities
  • $11,679,972Insider loans
  • $13,080,593FHLB advances
  • $419,808Loans and leases held for sale
  • $0Unused loan commitments
  • $1,100,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $849,284Total unused commitments
  • $0Restructured Loans and leases
  • $544Derivatives
  • $53,629Total assets and liabilities in foreign offices

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $288,374Total interest income
  • $167,501Total interest expense
  • $120,873Net interest income
  • -$23,758Provision for loan and lease losses
  • $281,255Total noninterest income
  • $277,117Fiduciary activities
  • $230Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,908Additional noninterest income
  • $360,054Total noninterest expense
  • $167,249Salaries and employee benefits
  • $24,167Premises and equipment expense
  • $168,638Additional noninterest expense
  • $65,832Pre-tax net operating income
  • $0Securities gains (losses)
  • $24,785Applicable income taxes
  • $41,047Income before extraordinary items
  • $0Extraordinary gains - net
  • $41,047Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,063Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.97%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 1.25%Net interest margin
  • 2.90%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 1.85%Return on equity (ROE)
  • 1.85%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -2235.00%Credit loss provision to net charge-offs
  • 39.58%Efficiency ratio
  • 68,926Assets per employee
  • 9.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.01%Loss allowance to noncurrent loans
  • 4.12%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 92.13%Net loans and leases to core deposits
  • 97.24%Equity capital to assets
  • 28.46%Core capital (leverage) ratio
  • 12.35%Tier 1 risk-based capital ratio
  • 17.70%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $11,679,972Average earning assets
  • $2,223,169Average equity
  • $9,701,650Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $133,566,275Managed Assets
  • 1Number of Accounts
  • $118,274,300Personal trust and agency accounts
  • $24,935,397Employee benefit-defined contribution accounts
  • $11,054,652Employee benefit-defined benefit accounts
  • $2,012,505Other retirement accounts
  • $4,185,392Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $70,423,234Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $5,663,120Non-managed Assets
  • 35337Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $15,291,975Other retirement accounts
  • $887,476Corporate trust and agency accounts
  • $2,883,535Other fiduciary accounts
  • $4,942,964Fiduciary accounts held in foreign offices

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 United States Trust Company , National Association.
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.
Table of Contents