Bank Leumi USA (merged into Valley National Bank)
Bank Leumi USA reported total assets of $8.2 bn at Q1 2022, its last Call Report before it merged into Valley National Bank. The CET1 capital ratio at Bank Leumi USA was 13.02%, and the uninsured share of Bank Leumi USA was 76.23%. Source: FDIC Call Reports.
What sets Bank Leumi USA apart
Nothing in the latest data sets Bank Leumi USA 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 Bank Leumi USA?
The balance sheet of Bank Leumi USA at : assets $8.2 bn, deposits $7.0 bn, net loans $5.9 bn (loans equal to 84.51% of deposits). Securities make up 16.9% of total assets at Bank Leumi USA. Since , when Bank Leumi USA held $6.4 bn, its assets grew 28.9%. In the year to , deposits at Bank Leumi USA fell 0.7% while its total assets fell 0.4%. At , Bank Leumi USA employed 448 full-time equivalent staff across 5 offices, about $18.3 mn of assets per employee and $1.4 bn of deposits per office.
How much funding at Bank Leumi USA is uninsured?
At Bank Leumi USA, uninsured deposits (above the FDIC limit) made up 76.23% of domestic deposits at (+1.21 pp on a year earlier). In dollars, Bank Leumi USA estimated $5.3 bn of uninsured deposits.
Key facts, Q1 2022
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $7.0 bn | $7.1 bn (Q1 2021) | |
| Net loans and leases | $5.9 bn | $5.3 bn (Q1 2021) | |
| Loan-to-deposit ratio | 84.51% | 75.15% (Q1 2021) | |
| Tier 1 leverage ratio | 11.23% | 10.85% (Q1 2021) | |
| Total risk-based capital ratio | 13.88% | 15.25% (Q1 2021) | |
| Net interest margin | 3.23% | 3.17% (Q1 2021) | |
| Return on assets (ROA) | 1.04% | 1.05% (Q1 2021) | |
| Efficiency ratio | 61.93% | 62.08% (Q1 2021) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $66.0 mn | Widened by $61.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $81.7 mn | Widened by $68.9 mn | |
| Noncurrent loans to total loans | 0.70% | 0.96% (Q1 2021) | |
| Net charge-offs to average loans | 0.85% | 0.75% (Q1 2021) |
US rank of Bank Leumi USA: 1 = highest unless marked 1 = lowest.
Balance sheet
Bank Leumi USA: assets, deposits and loans
- Total assets $8.2bn
- Deposits $7.0bn
- Net loans $5.9bn
Capital and securities
The CET1 ratio of Bank Leumi USA stood at 13.02% in , -1.05 pp year on year. Low and high at Bank Leumi USA since : 11.02% () to 14.19% (). Equity capital of Bank Leumi USA at : $867.0 mn, or 10.6% of total assets. Bank Leumi USA also reported a total capital ratio of 13.88% for , and a tier 1 leverage ratio of 11.23%.
On held-to-maturity securities, Bank Leumi USA carried an unrealized loss of $66.0 mn at , equal to 7.6% of equity capital. The loss widened by $61.0 mn over the year. The available-for-sale portfolio of Bank Leumi USA showed an unrealized loss of $81.7 mn at ; the loss widened by $68.9 mn over the year.
Bank Leumi USA: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 11%
Bank Leumi USA: unrealized securities gains and losses
- Available for sale -$82mn
- Held to maturity -$66mn
Profitability and loan quality
For the year to , Bank Leumi USA earned a return on equity of 9.70%; return on assets: 1.04%. Net interest margin at Bank Leumi USA: 3.23%, +0.06 pp in a year. Bank Leumi USA net income: $21.6 mn, up 6.2% year on year. The efficiency ratio of Bank Leumi USA was 61.93%: about 62 cents cost per revenue dollar, against 48 cents at the median peer.
At , noncurrent loans were 0.70% of total loans at Bank Leumi USA; net charge-offs: 0.85% of average loans. Gross loans and leases at Bank Leumi USA: $6.0 bn at , against $5.4 bn at .
Bank Leumi USA: profitability
- Return on equity 9.7%
- Net interest margin 3.2%
- Return on assets 1.0%
Peer group of Bank Leumi USA
The peer group of Bank Leumi USA is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Bank Leumi USA (state nonmember bank) and 1 has its head office in New York. Against them, Bank Leumi USA shows CET1 ratio 13.02% against a peer median of 13.62%, return on equity 9.70% against a peer median of 11.12% and uninsured deposit share 76.23% against a peer median of 45.93%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Wells Fargo Bank South Central | National bank | TX | $8.5 bn | 41.26% | 7.57% | 19.03% | |
| ConnectOne Bank | State nonmember bank | NJ | $8.3 bn | 12.04% | 11.83% | 51.74% | |
| First Security Bank | State member bank | AR | $8.3 bn | 20.18% | 10.41% | 48.25% | |
| Bank Leumi USA | State nonmember bank | NY | $8.2 bn | 13.02% | 9.70% | 76.23% | |
| Flushing Bank | State nonmember bank | NY | $8.2 bn | 13.55% | 9.68% | 40.22% | |
| Origin Bank | State member bank | LA | $8.1 bn | 11.91% | 12.07% | 60.86% | |
| 1st Source Bank | State member bank | IN | $8.0 bn | 13.68% | 12.33% | 43.61% | |
. FDIC Call Reports.
Last eight quarters
Two years at Bank Leumi USA, to : assets $7.3 bn to $8.2 bn, deposits $6.0 bn to $7.0 bn, equity $852.3 mn to $867.0 mn. Staff 461 to 448.
| Metric | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.3 bn | $7.4 bn | $7.2 bn | $8.2 bn | $8.4 bn | $8.0 bn | $8.3 bn | $8.2 bn |
| Total deposits | $6.0 bn | $6.2 bn | $6.0 bn | $7.1 bn | $7.1 bn | $6.8 bn | $7.1 bn | $7.0 bn |
| Bank equity capital | $852.3 mn | $851.9 mn | $863.5 mn | $842.6 mn | $876.0 mn | $896.5 mn | $910.9 mn | $867.0 mn |
| CET1 ratio | 13.33% | 13.53% | 13.82% | 14.07% | 14.13% | 14.00% | 13.40% | 13.02% |
| Return on equity (ROE) | 6.90% | 5.22% | 5.69% | 9.52% | 9.80% | 9.64% | 9.39% | 9.70% |
| Uninsured share of domestic deposits | 66.91% | 65.25% | 67.16% | 75.03% | 74.51% | 73.97% | 75.40% | 76.23% |
| Full-time equivalent employees | 461 | 466 | 467 | 474 | 474 | 478 | 455 | 448 |
| Number of offices | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Bank Leumi USA, oldest first; figures before and after each event are not like for like.
- . Merged into Valley National Bank (FDIC certificate 9396).
Questions and identifiers
What were the total assets of Bank Leumi USA?
Bank Leumi USA reported $8.2 bn at in its Call Report.
Is Bank Leumi USA the same as its holding company?
No. This page covers Bank Leumi USA, FDIC certificate 19842; BANK LEUMI LE-ISRAEL B M (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Bank Leumi USA profitable?
Bank Leumi USA reported net income of $21.6 mn for the year to ; annualized return on equity: 9.70%. So yes: Bank Leumi USA made a profit over these months.
When is data for Bank Leumi USA next updated?
Bank Leumi USA no longer files Call Reports; its data ends at .
Where can I check the figures for Bank Leumi USA?
In the FDIC BankFind Suite record for certificate 19842, and in the Call Reports of Bank Leumi USA (RSSD ID 101019) at the FFIEC Central Data Repository.