Emigrant Bank (New York, NY) (closed)
Emigrant Bank (New York, NY) reported total assets of $6.4 bn at Q3 2023, its last Call Report before it closed. The CET1 capital ratio at Emigrant Bank (New York, NY) was 20.33%, and the uninsured share of Emigrant Bank (New York, NY) was 14.73%. Source: FDIC Call Reports.
What sets Emigrant Bank (New York, NY) apart
Nothing in the latest data sets Emigrant Bank (New York, NY) 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 Emigrant Bank (New York, NY)?
The balance sheet of Emigrant Bank (New York, NY) at : assets $6.4 bn, deposits $4.8 bn, net loans $4.6 bn (loans equal to 95.33% of deposits). Securities make up 6.8% of total assets at Emigrant Bank (New York, NY). Since , when Emigrant Bank (New York, NY) held $6.7 bn, its assets shrank 3.6%. In the year to , deposits at Emigrant Bank (New York, NY) rose 12.3% while its total assets rose 10.1%. At , Emigrant Bank (New York, NY) employed 457 full-time equivalent staff across 5 offices, about $14.0 mn of assets per employee and $969.1 mn of deposits per office.
How much funding at Emigrant Bank (New York, NY) is uninsured?
At Emigrant Bank (New York, NY), uninsured deposits (above the FDIC limit) made up 14.73% of domestic deposits at (-4.26 pp on a year earlier). In dollars, Emigrant Bank (New York, NY) estimated $713.9 mn of uninsured deposits.
Key facts, Q3 2023
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.8 bn | $4.3 bn (Q3 2022) | |
| Net loans and leases | $4.6 bn | $4.2 bn (Q3 2022) | |
| Loan-to-deposit ratio | 95.33% | 96.64% (Q3 2022) | |
| Tier 1 leverage ratio | 20.83% | 23.66% (Q3 2022) | |
| Total risk-based capital ratio | 21.58% | 23.00% (Q3 2022) | |
| Net interest margin | 4.26% | 4.65% (Q3 2022) | |
| Return on assets (ROA) | 0.54% | 0.40% (Q3 2022) | |
| Efficiency ratio | 70.52% | 76.28% (Q3 2022) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $32.1 mn | Widened by $551,000 | |
| Noncurrent loans to total loans | 5.48% | 3.51% (Q3 2022) | |
| Net charge-offs to average loans | 0.46% | 0.73% (Q3 2022) |
US rank of Emigrant Bank (New York, NY): 1 = highest unless marked 1 = lowest.
Balance sheet
Emigrant Bank (New York, NY): assets, deposits and loans
- Total assets $6.4bn
- Deposits $4.8bn
- Net loans $4.6bn
Capital and securities
The CET1 ratio of Emigrant Bank (New York, NY) stood at 20.33% in , -1.47 pp year on year. Low and high at Emigrant Bank (New York, NY) since : 17.80% () to 22.29% (). Equity capital of Emigrant Bank (New York, NY) at : $1.4 bn, or 22.0% of total assets. Emigrant Bank (New York, NY) also reported a total capital ratio of 21.58% for , and a tier 1 leverage ratio of 20.83%.
The available-for-sale portfolio of Emigrant Bank (New York, NY) showed an unrealized loss of $32.1 mn at ; the loss widened by $551,000 over the year.
Emigrant Bank (New York, NY): capital ratios
- Total capital 22%
- CET1 20%
- Tier 1 leverage 21%
Emigrant Bank (New York, NY): unrealized securities gains and losses
- Available for sale -$32mn
- Held to maturity $0
Profitability and loan quality
For the year to , Emigrant Bank (New York, NY) earned a return on equity of 2.56%; return on assets: 0.54%. Net interest margin at Emigrant Bank (New York, NY): 4.26%, -0.39 pp in a year. Emigrant Bank (New York, NY) net income: $27.0 mn, up 53.8% year on year. The efficiency ratio of Emigrant Bank (New York, NY) was 70.52%: about 71 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 5.48% of total loans at Emigrant Bank (New York, NY); net charge-offs: 0.46% of average loans. Gross loans and leases at Emigrant Bank (New York, NY): $4.7 bn at , against $4.2 bn at .
Emigrant Bank (New York, NY): profitability
- Return on equity 2.6%
- Net interest margin 4.3%
- Return on assets 0.5%
Peer group of Emigrant Bank (New York, NY)
The peer group of Emigrant Bank (New York, NY) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Emigrant Bank (New York, NY) (state-chartered stock savings bank) and 0 have head offices in New York. Against them, Emigrant Bank (New York, NY) shows CET1 ratio 20.33% against a peer median of 14.00%, return on equity 2.56% against a peer median of 12.00% and uninsured deposit share 14.73% against a peer median of 36.41%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| MidWestOne Bank | State nonmember bank | IA | $6.5 bn | 11.43% | 5.63% | 32.39% | |
| Alpine Bank | State nonmember bank | CO | $6.5 bn | 13.53% | 12.82% | 36.83% | |
| Lake City Bank | State member bank | IN | $6.4 bn | 13.52% | 15.35% | 54.35% | |
| Emigrant Bank | State-chartered stock savings bank | NY | $6.4 bn | 20.33% | 2.56% | 14.73% | |
| Republic Bank & Trust Company | State nonmember bank | KY | $6.4 bn | 14.47% | 11.17% | 35.98% | |
| Johnson Bank | State member bank | WI | $6.4 bn | 15.90% | 6.43% | 45.51% | |
| RBC Bank, (Georgia) | National bank | GA | $6.3 bn | 29.43% | 22.88% | 7.88% | |
. FDIC Call Reports.
Last eight quarters
Two years at Emigrant Bank (New York, NY), to : assets $5.8 bn to $6.4 bn, deposits $4.2 bn to $4.8 bn, equity $1.4 bn to $1.4 bn. Staff 463 to 457.
| Metric | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.8 bn | $5.9 bn | $5.6 bn | $5.8 bn | $6.5 bn | $7.2 bn | $6.5 bn | $6.4 bn |
| Total deposits | $4.2 bn | $4.3 bn | $4.1 bn | $4.3 bn | $4.9 bn | $5.7 bn | $5.0 bn | $4.8 bn |
| Bank equity capital | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn | $1.4 bn |
| CET1 ratio | 22.29% | 21.43% | 21.70% | 21.80% | 21.59% | 20.40% | 20.87% | 20.33% |
| Return on equity (ROE) | 13.02% | -0.18% | 1.43% | 1.69% | 3.14% | 2.39% | 3.31% | 2.56% |
| Uninsured share of domestic deposits | 14.01% | 13.97% | 14.84% | 19.00% | 18.69% | 15.97% | 14.25% | 14.73% |
| Full-time equivalent employees | 463 | 468 | 459 | 454 | 461 | 461 | 459 | 457 |
| Number of offices | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Emigrant Bank (New York, NY) appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Emigrant Bank (New York, NY)?
Emigrant Bank (New York, NY) reported $6.4 bn at in its Call Report.
Is Emigrant Bank (New York, NY) the same as its holding company?
No. This page covers Emigrant Bank (New York, NY), FDIC certificate 12054; NEW YORK PRIVATE B&T CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Emigrant Bank (New York, NY) profitable?
Emigrant Bank (New York, NY) reported net income of $27.0 mn for the year to ; annualized return on equity: 2.56%. So yes: Emigrant Bank (New York, NY) made a profit over these months.
When is data for Emigrant Bank (New York, NY) next updated?
Emigrant Bank (New York, NY) no longer files Call Reports; its data ends at .
Where can I check the figures for Emigrant Bank (New York, NY)?
In the FDIC BankFind Suite record for certificate 12054, and in the Call Reports of Emigrant Bank (New York, NY) (RSSD ID 137915) at the FFIEC Central Data Repository.