New York Commercial Bank (merged into New York Community Bank)
New York Commercial Bank reported total assets of $3.5 bn at Q3 2018, its last Call Report before it merged into New York Community Bank. The CET1 capital ratio at New York Commercial Bank was 14.89%, and the uninsured share of New York Commercial Bank was 61.07%. Source: FDIC Call Reports.
What sets New York Commercial Bank apart
Nothing in the latest data sets New York Commercial 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 New York Commercial Bank?
The balance sheet of New York Commercial Bank at : assets $3.5 bn, deposits $2.8 bn, net loans $2.8 bn (loans equal to 99.80% of deposits). Securities make up 6.1% of total assets at New York Commercial Bank. Since , when New York Commercial Bank held $3.9 bn, its assets shrank 11.0%. In the year to , deposits at New York Commercial Bank rose 5.3% while its total assets fell 2.4%. At , New York Commercial Bank employed 183 full-time equivalent staff across 31 offices, about $18.9 mn of assets per employee and $90.4 mn of deposits per office.
How much funding at New York Commercial Bank is uninsured?
At New York Commercial Bank, uninsured deposits (above the FDIC limit) made up 61.07% of domestic deposits at (+4.22 pp on a year earlier). In dollars, New York Commercial Bank estimated $1.7 bn of uninsured deposits.
Key facts, Q3 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.8 bn | $2.7 bn (Q3 2017) | |
| Net loans and leases | $2.8 bn | $2.5 bn (Q3 2017) | |
| Loan-to-deposit ratio | 99.80% | 93.47% (Q3 2017) | |
| Tier 1 leverage ratio | 12.34% | 11.07% (Q3 2017) | |
| Total risk-based capital ratio | 15.86% | 16.55% (Q3 2017) | |
| Net interest margin | 2.86% | 3.01% (Q3 2017) | |
| Return on assets (ROA) | 0.36% | -0.67% (Q3 2017) | |
| Efficiency ratio | 66.35% | 62.72% (Q3 2017) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.9 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 1.60% | 2.09% (Q3 2017) | |
| Net charge-offs to average loans | 0.59% | 2.95% (Q3 2017) |
US rank of New York Commercial Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
New York Commercial Bank: assets, deposits and loans
- Total assets $3.5bn
- Deposits $2.8bn
- Net loans $2.8bn
Capital and securities
The CET1 ratio of New York Commercial Bank stood at 14.89% in , -0.41 pp year on year. Low and high at New York Commercial Bank since : 13.31% () to 15.95% (). Equity capital of New York Commercial Bank at : $610.7 mn, or 17.7% of total assets. New York Commercial Bank also reported a total capital ratio of 15.86% for , and a tier 1 leverage ratio of 12.34%.
The available-for-sale portfolio of New York Commercial Bank showed an unrealized loss of $1.9 mn at ; the loss turned from a gain into a loss over the year.
New York Commercial Bank: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 12%
New York Commercial Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $0
Profitability and loan quality
For the year to , New York Commercial Bank earned a return on equity of 2.03%; return on assets: 0.36%. Net interest margin at New York Commercial Bank: 2.86%, -0.15 pp in a year. New York Commercial Bank net income: $9.3 mn, down 151.1% year on year. The efficiency ratio of New York Commercial Bank was 66.35%: about 66 cents cost per revenue dollar, against 63 cents at the median peer.
At , noncurrent loans were 1.60% of total loans at New York Commercial Bank; net charge-offs: 0.59% of average loans. Gross loans and leases at New York Commercial Bank: $2.8 bn at , against $2.5 bn at .
New York Commercial Bank: profitability
- Return on equity 2.0%
- Net interest margin 2.9%
- Return on assets 0.4%
Peer group of New York Commercial Bank
The peer group of New York Commercial Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of New York Commercial Bank (state nonmember bank) and 0 have head offices in New York. Against them, New York Commercial Bank shows CET1 ratio 14.89% against a peer median of 14.58%, return on equity 2.03% against a peer median of 10.57% and uninsured deposit share 61.07% against a peer median of 28.75%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Firstrust Savings Bank | State-chartered stock savings bank | PA | $3.5 bn | 11.37% | 17.25% | 30.46% | |
| CTBC Bank Corp. (USA) | State nonmember bank | CA | $3.5 bn | 17.92% | 9.05% | 61.79% | |
| Institution for Savings in Newburyport and Its Vicinity | State-chartered stock savings bank | MA | $3.5 bn | 12.93% | 12.09% | 27.03% | |
| New York Commercial Bank | State nonmember bank | NY | $3.5 bn | 14.89% | 2.03% | 61.07% | |
| Happy State Bank | State nonmember bank | TX | $3.4 bn | 16.03% | 8.06% | 42.29% | |
| The Cape Cod Five Cents Savings Bank | State member bank | MA | $3.4 bn | 14.44% | 8.01% | 23.64% | |
| Live Oak Banking Company | State nonmember bank | NC | $3.4 bn | 14.72% | 19.63% | 16.79% | |
. FDIC Call Reports.
Last eight quarters
Two years at New York Commercial Bank, to : assets $3.7 bn to $3.5 bn, deposits $2.6 bn to $2.8 bn, equity $592.7 mn to $610.7 mn. Staff 187 to 183.
| Metric | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.6 bn | $3.6 bn | $3.5 bn | $3.7 bn | $3.4 bn | $3.4 bn | $3.5 bn |
| Total deposits | $2.6 bn | $2.7 bn | $2.7 bn | $2.7 bn | $2.8 bn | $2.8 bn | $2.7 bn | $2.8 bn |
| Bank equity capital | $592.7 mn | $596.3 mn | $612.1 mn | $599.1 mn | $606.6 mn | $605.4 mn | $607.1 mn | $610.7 mn |
| CET1 ratio | 14.14% | 14.90% | 15.36% | 15.30% | 15.95% | 15.69% | 15.04% | 14.89% |
| Return on equity (ROE) | 4.32% | 2.42% | 0.67% | -4.02% | -1.59% | 1.01% | 1.50% | 2.03% |
| Uninsured share of domestic deposits | 54.20% | 55.23% | 57.14% | 56.85% | 59.81% | 61.46% | 61.26% | 61.07% |
| Full-time equivalent employees | 187 | 185 | 186 | 182 | 185 | 183 | 188 | 183 |
| Number of offices | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of New York Commercial Bank, oldest first; figures before and after each event are not like for like.
- . Merged into New York Community Bank (FDIC certificate 16022).
Questions and identifiers
What were the total assets of New York Commercial Bank?
New York Commercial Bank reported $3.5 bn at in its Call Report.
Is New York Commercial Bank the same as its holding company?
No. This page covers New York Commercial Bank, FDIC certificate 32749; NEW YORK COMMUNITY BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is New York Commercial Bank profitable?
New York Commercial Bank reported net income of $9.3 mn for the year to ; annualized return on equity: 2.03%. So yes: New York Commercial Bank made a profit over these months.
When is data for New York Commercial Bank next updated?
New York Commercial Bank no longer files Call Reports; its data ends at .
Where can I check the figures for New York Commercial Bank?
In the FDIC BankFind Suite record for certificate 32749, and in the Call Reports of New York Commercial Bank (RSSD ID 1438589) at the FFIEC Central Data Repository.