Astoria Bank (merged into Sterling National Bank)
Astoria Bank reported total assets of $13.9 bn at Q3 2017, its last Call Report before it merged into Sterling National Bank. The CET1 capital ratio at Astoria Bank was 23.11%, and the uninsured share of Astoria Bank was 11.78%. Source: FDIC Call Reports.
What sets Astoria Bank apart
Nothing in the latest data sets Astoria Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Astoria Bank?
The balance sheet of Astoria Bank at : assets $13.9 bn, deposits $9.2 bn, net loans $9.5 bn (loans equal to 102.52% of deposits). Securities make up 22.5% of total assets at Astoria Bank. Since , when Astoria Bank held $14.9 bn, its assets shrank 6.9%. In the year to , deposits at Astoria Bank rose 1.1% while its total assets fell 5.7%. At , Astoria Bank employed 1,331 full-time equivalent staff across 89 offices, about $10.4 mn of assets per employee and $103.7 mn of deposits per office.
How much funding at Astoria Bank is uninsured?
At Astoria Bank, uninsured deposits (above the FDIC limit) made up 11.78% of domestic deposits at (-7.14 pp on a year earlier). In dollars, Astoria Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q3 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $9.2 bn | $9.1 bn (Q3 2016) | |
| Net loans and leases | $9.5 bn | $10.5 bn (Q3 2016) | |
| Loan-to-deposit ratio | 102.52% | 115.49% (Q3 2016) | |
| Tier 1 leverage ratio | 12.45% | 11.75% (Q3 2016) | |
| Total risk-based capital ratio | 24.19% | 22.14% (Q3 2016) | |
| Net interest margin | 2.51% | 2.53% (Q3 2016) | |
| Return on assets (ROA) | 0.35% | 0.57% (Q3 2016) | |
| Efficiency ratio | 85.48% | 68.47% (Q3 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $41.8 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.3 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 1.45% | 1.41% (Q3 2016) | |
| Net charge-offs to average loans | 0.02% | 0.04% (Q3 2016) |
US rank of Astoria Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Astoria Bank: assets, deposits and loans
- Total assets $13.9bn
- Deposits $9.2bn
- Net loans $9.5bn
Capital and securities
The CET1 ratio of Astoria Bank stood at 23.11% in , +2.04 pp year on year. Low and high at Astoria Bank since : 19.60% () to 23.11% (). Equity capital of Astoria Bank at : $1.9 bn, or 13.3% of total assets. Astoria Bank also reported a total capital ratio of 24.19% for , and a tier 1 leverage ratio of 12.45%.
On held-to-maturity securities, Astoria Bank carried an unrealized loss of $41.8 mn at , equal to 2.3% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $49.6 mn in . The available-for-sale portfolio of Astoria Bank showed an unrealized loss of $1.3 mn at ; the loss turned from a gain into a loss over the year.
Astoria Bank: capital ratios
- Total capital 24%
- CET1 23%
- Tier 1 leverage 12%
Astoria Bank: unrealized securities gains and losses
- Available for sale -$1mn
- Held to maturity -$42mn
Profitability and loan quality
For the year to , Astoria Bank earned a return on equity of 2.65%; return on assets: 0.35%. Net interest margin at Astoria Bank: 2.51%, -0.01 pp in a year. Astoria Bank net income: $37.3 mn, down 41.9% year on year. The efficiency ratio of Astoria Bank was 85.48%: about 85 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 1.45% of total loans at Astoria Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at Astoria Bank: $9.5 bn at , against $10.6 bn at .
Astoria Bank: profitability
- Return on equity 2.6%
- Net interest margin 2.5%
- Return on assets 0.4%
Peer group of Astoria Bank
The peer group of Astoria Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Astoria Bank (federal savings bank) and 0 have head offices in New York. Against them, Astoria Bank shows CET1 ratio 23.11% against a peer median of 13.25%, return on equity 2.65% against a peer median of 8.11% and uninsured deposit share 11.78% against a peer median of 37.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Centennial Bank | State member bank | AR | $14.2 bn | 13.56% | 9.34% | 44.37% | |
| Bank of Hope | State nonmember bank | CA | $14.1 bn | 12.94% | 8.56% | 56.26% | |
| First Midwest Bank | State member bank | IL | $14.1 bn | 9.95% | 8.69% | 34.42% | |
| Astoria Bank | Federal savings bank | NY | $13.9 bn | 23.11% | 2.65% | 11.78% | |
| Trustmark Bank | State member bank | MS | $13.9 bn | 12.19% | 7.66% | 33.71% | |
| Third Federal Savings and Loan Association of Cleveland | Federal savings bank | OH | $13.7 bn | 20.69% | 6.26% | 2.81% | |
| Rabobank | National bank | CA | $13.5 bn | 15.21% | 5.55% | 41.52% | |
. FDIC Call Reports.
Last eight quarters
Two years at Astoria Bank, to : assets $14.9 bn to $13.9 bn, deposits $9.3 bn to $9.2 bn, equity $1.8 bn to $1.9 bn. Staff 1,479 to 1,331.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 |
|---|---|---|---|---|---|---|---|
| Total assets | $14.9 bn | $14.9 bn | $14.7 bn | $14.5 bn | $14.3 bn | $14.1 bn | $13.9 bn |
| Total deposits | $9.3 bn | $9.1 bn | $9.1 bn | $9.1 bn | $9.2 bn | $9.1 bn | $9.2 bn |
| Bank equity capital | $1.8 bn | $1.8 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn |
| CET1 ratio | 19.60% | 20.22% | 21.07% | 20.85% | 21.86% | 22.28% | 23.11% |
| Return on equity (ROE) | 4.73% | 4.67% | 4.66% | 4.57% | 3.78% | 4.14% | 2.65% |
| Uninsured share of domestic deposits | 17.04% | 18.18% | 18.93% | 19.52% | 20.23% | 21.73% | 11.78% |
| Full-time equivalent employees | 1,479 | 1,450 | 1,383 | 1,377 | 1,364 | 1,364 | 1,331 |
| Number of offices | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Astoria Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Sterling National Bank (FDIC certificate 30337).
Questions and identifiers
What were the total assets of Astoria Bank?
Astoria Bank reported $13.9 bn at in its Call Report.
Is Astoria Bank the same as its holding company?
No. This page covers Astoria Bank, FDIC certificate 29805; ASTORIA FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Astoria Bank profitable?
Astoria Bank reported net income of $37.3 mn for the year to ; annualized return on equity: 2.65%. So yes: Astoria Bank made a profit over these months.
When is data for Astoria Bank next updated?
Astoria Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Astoria Bank?
In the FDIC BankFind Suite record for certificate 29805, and in the Call Reports of Astoria Bank (RSSD ID 482772) at the FFIEC Central Data Repository.