Dime Community Bank (merged into Dime Community Bank)
Dime Community Bank reported total assets of $6.8 bn at Q4 2020, its last Call Report before it merged into Dime Community Bank. The CET1 capital ratio at Dime Community Bank was 12.49%, and the uninsured share of Dime Community Bank was 43.96%. Source: FDIC Call Reports.
What sets Dime Community Bank apart
Nothing in the latest data sets Dime Community 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 Dime Community Bank?
The balance sheet of Dime Community Bank at : assets $6.8 bn, deposits $4.6 bn, net loans $5.6 bn (loans equal to 120.37% of deposits). Securities make up 8.0% of total assets at Dime Community Bank. Since , when Dime Community Bank held $5.5 bn, its assets grew 23.2%. In the year to , deposits at Dime Community Bank rose 5.9% while its total assets rose 6.7%. At , Dime Community Bank employed 409 full-time equivalent staff across 28 offices, about $16.6 mn of assets per employee and $165.8 mn of deposits per office.
How much funding at Dime Community Bank is uninsured?
At Dime Community Bank, uninsured deposits (above the FDIC limit) made up 43.96% of domestic deposits at (+13.93 pp on a year earlier). In dollars, Dime Community Bank estimated $2.0 bn of uninsured deposits.
Key facts, Q4 2020
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.6 bn | $4.4 bn (Q4 2019) | |
| Net loans and leases | $5.6 bn | $5.3 bn (Q4 2019) | |
| Loan-to-deposit ratio | 120.37% | 121.19% (Q4 2019) | |
| Tier 1 leverage ratio | 10.16% | 10.15% (Q4 2019) | |
| Total risk-based capital ratio | 13.30% | 13.44% (Q4 2019) | |
| Net interest margin | 2.99% | 2.51% (Q4 2019) | |
| Return on assets (ROA) | 0.71% | 0.62% (Q4 2019) | |
| Efficiency ratio | 56.63% | 57.43% (Q4 2019) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $18.6 mn | Rose by $11.8 mn | |
| Noncurrent loans to total loans | 0.32% | 0.24% (Q4 2019) | |
| Net charge-offs to average loans | 0.24% | 0.20% (Q4 2019) |
US rank of Dime Community Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Dime Community Bank: assets, deposits and loans
- Total assets $6.8bn
- Deposits $4.6bn
- Net loans $5.6bn
Capital and securities
The CET1 ratio of Dime Community Bank stood at 12.49% in , -0.36 pp year on year. Low and high at Dime Community Bank since : 11.22% () to 13.33% (). Equity capital of Dime Community Bank at : $703.1 mn, or 10.4% of total assets. Dime Community Bank also reported a total capital ratio of 13.30% for , and a tier 1 leverage ratio of 10.16%.
The available-for-sale portfolio of Dime Community Bank showed an unrealized gain of $18.6 mn at ; the gain rose by $11.8 mn over the year.
Dime Community Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Dime Community Bank: unrealized securities gains and losses
- Available for sale $19mn
- Held to maturity $0
Profitability and loan quality
For the year to , Dime Community Bank earned a return on equity of 6.80%; return on assets: 0.71%. Net interest margin at Dime Community Bank: 2.99%, +0.48 pp in a year. Dime Community Bank net income: $46.5 mn, up 16.1% year on year. The efficiency ratio of Dime Community Bank was 56.63%: about 57 cents cost per revenue dollar, against 49 cents at the median peer.
At , noncurrent loans were 0.32% of total loans at Dime Community Bank; net charge-offs: 0.24% of average loans. Gross loans and leases at Dime Community Bank: $5.6 bn at , against $5.3 bn at .
Dime Community Bank: profitability
- Return on equity 6.8%
- Net interest margin 3.0%
- Return on assets 0.7%
Peer group of Dime Community Bank
The peer group of Dime Community Bank 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 Dime Community Bank (state nonmember bank) and 0 have head offices in New York. Against them, Dime Community Bank shows CET1 ratio 12.49% against a peer median of 12.69%, return on equity 6.80% against a peer median of 10.66% and uninsured deposit share 43.96% against a peer median of 27.39%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Foundation Bank | State nonmember bank | CA | $6.9 bn | 11.63% | 13.05% | 31.44% | |
| Luther Burbank Savings | State nonmember bank | CA | $6.9 bn | 19.04% | 6.13% | 27.10% | |
| Midland States Bank | State member bank | IL | $6.9 bn | 10.78% | 3.91% | 27.69% | |
| Dime Community Bank | State nonmember bank | NY | $6.8 bn | 12.49% | 6.80% | 43.96% | |
| Westamerica Bank | State member bank | CA | $6.7 bn | 13.01% | 12.09% | 44.77% | |
| NBH Bank | State member bank | CO | $6.7 bn | 12.69% | 13.67% | 18.85% | |
| East Boston Savings Bank | State-chartered stock savings bank | MA | $6.6 bn | not reported | 9.24% | 24.50% | |
. FDIC Call Reports.
Last eight quarters
Two years at Dime Community Bank, to : assets $6.5 bn to $6.8 bn, deposits $4.6 bn to $4.6 bn, equity $673.4 mn to $703.1 mn. Staff 416 to 409; offices 30 to 28.
| Metric | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.5 bn | $6.5 bn | $6.4 bn | $6.3 bn | $6.3 bn | $6.5 bn | $6.6 bn | $6.8 bn |
| Total deposits | $4.6 bn | $4.6 bn | $4.5 bn | $4.4 bn | $4.4 bn | $4.6 bn | $4.6 bn | $4.6 bn |
| Bank equity capital | $673.4 mn | $669.3 mn | $673.2 mn | $679.4 mn | $673.4 mn | $675.9 mn | $686.5 mn | $703.1 mn |
| CET1 ratio | 12.39% | 12.14% | 11.86% | 12.85% | 12.72% | 13.10% | 12.88% | 12.49% |
| Return on equity (ROE) | 7.25% | 7.77% | 6.34% | 5.91% | 5.91% | 7.04% | 8.00% | 6.80% |
| Uninsured share of domestic deposits | 25.51% | 27.73% | 26.70% | 30.03% | 34.34% | 40.44% | 41.44% | 43.96% |
| Full-time equivalent employees | 416 | 431 | 426 | 452 | 444 | 450 | 417 | 409 |
| Number of offices | 30 | 29 | 29 | 29 | 28 | 28 | 28 | 28 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Dime Community Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Dime Community Bank (FDIC certificate 6976).
Questions and identifiers
What were the total assets of Dime Community Bank?
Dime Community Bank reported $6.8 bn at in its Call Report.
Is Dime Community Bank the same as its holding company?
No. This page covers Dime Community Bank, FDIC certificate 16012; DIME COMMUNITY BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Dime Community Bank profitable?
Dime Community Bank reported net income of $46.5 mn for the year to ; annualized return on equity: 6.80%. So yes: Dime Community Bank made a profit over these months.
When is data for Dime Community Bank next updated?
Dime Community Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Dime Community Bank?
In the FDIC BankFind Suite record for certificate 16012, and in the Call Reports of Dime Community Bank (RSSD ID 924405) at the FFIEC Central Data Repository.