New York Community Bank (merged into Flagstar Bank)
New York Community Bank reported total assets of $62.9 bn at Q3 2022, its last Call Report before it merged into Flagstar Bank. The CET1 capital ratio at New York Community Bank was 11.39%, and the uninsured share of New York Community Bank was 36.52%. Source: FDIC Call Reports.
Key takeaways
- Since , New York Community Bank has taken over one institution; the latest was New York Commercial Bank on (FDIC Call Reports).
What sets New York Community Bank apart
How large is New York Community Bank?
The balance sheet of New York Community Bank at : assets $62.9 bn, deposits $41.8 bn, net loans $48.8 bn (loans equal to 116.64% of deposits). Securities make up 10.7% of total assets at New York Community Bank. Since , when New York Community Bank held $44.8 bn, its assets grew 40.4%. In the year to , deposits at New York Community Bank rose 20.3% while its total assets rose 8.8%. At , New York Community Bank employed 2,769 full-time equivalent staff across 237 offices, about $22.7 mn of assets per employee and $176.4 mn of deposits per office.
How much funding at New York Community Bank is uninsured?
At New York Community Bank, uninsured deposits (above the FDIC limit) made up 36.52% of domestic deposits at (-0.30 pp on a year earlier). In dollars, New York Community Bank estimated $15.3 bn of uninsured deposits.
Key facts, Q3 2022
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $41.8 bn | $34.8 bn (Q3 2021) | |
| Net loans and leases | $48.8 bn | $43.5 bn (Q3 2021) | |
| Loan-to-deposit ratio | 116.64% | 125.11% (Q3 2021) | |
| Tier 1 leverage ratio | 8.92% | 9.41% (Q3 2021) | |
| Total risk-based capital ratio | 11.82% | 12.76% (Q3 2021) | |
| Net interest margin | 2.50% | 2.58% (Q3 2021) | |
| Return on assets (ROA) | 1.10% | 1.10% (Q3 2021) | |
| Efficiency ratio | 36.91% | 38.10% (Q3 2021) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $838.4 mn | Widened by $816.8 mn | |
| Noncurrent loans to total loans | 0.09% | 0.06% (Q3 2021) | |
| Net charge-offs to average loans | -0.01% | -0.02% (Q3 2021) |
US rank of New York Community Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
New York Community Bank: assets, deposits and loans
- Total assets $62.9bn
- Deposits $41.8bn
- Net loans $48.8bn
Capital and securities
The CET1 ratio of New York Community Bank stood at 11.39% in , -0.93 pp year on year. Low and high at New York Community Bank since : 10.58% () to 13.60% (). Equity capital of New York Community Bank at : $7.3 bn, or 11.5% of total assets. New York Community Bank also reported a total capital ratio of 11.82% for , and a tier 1 leverage ratio of 8.92%.
The available-for-sale portfolio of New York Community Bank showed an unrealized loss of $838.4 mn at ; the loss widened by $816.8 mn over the year.
New York Community Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 8.9%
New York Community Bank: unrealized securities gains and losses
- Available for sale -$838mn
- Held to maturity $0
Profitability and loan quality
For the year to , New York Community Bank earned a return on equity of 9.15%; return on assets: 1.10%. Net interest margin at New York Community Bank: 2.50%, -0.07 pp in a year. New York Community Bank net income: $506.0 mn, up 7.1% year on year. The efficiency ratio of New York Community Bank was 36.91%: about 37 cents cost per revenue dollar, against 52 cents at the median peer.
At , noncurrent loans were 0.09% of total loans at New York Community Bank; net charge-offs: -0.01% of average loans. Gross loans and leases at New York Community Bank: $49.0 bn at , against $43.7 bn at .
New York Community Bank: profitability
- Return on equity 9.2%
- Net interest margin 2.5%
- Return on assets 1.1%
Peer group of New York Community Bank
The peer group of New York Community Bank 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 New York Community Bank (state-chartered stock savings bank) and 0 have head offices in New York. Against them, New York Community Bank shows CET1 ratio 11.39% against a peer median of 11.34%, return on equity 9.15% against a peer median of 17.39% and uninsured deposit share 36.52% against a peer median of 50.07%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Horizon Bank | State member bank | TN | $80.0 bn | 10.55% | 11.35% | 48.10% | |
| Western Alliance Bank | State member bank | AZ | $69.1 bn | 9.81% | 19.03% | 51.94% | |
| Webster Bank | National bank | CT | $69.0 bn | 12.46% | 8.33% | 40.87% | |
| New York Community Bank | State-chartered stock savings bank | NY | $62.9 bn | 11.39% | 9.15% | 36.52% | |
| East West Bank | State member bank | CA | $62.6 bn | 12.09% | 19.18% | 65.83% | |
| Banco Popular de Puerto Rico | State member bank | PR | $59.5 bn | 16.34% | 31.43% | 53.99% | |
| Synovus Bank | State member bank | GA | $58.5 bn | 10.59% | 15.74% | 48.20% | |
. FDIC Call Reports.
Last eight quarters
Two years at New York Community Bank, to : assets $56.3 bn to $62.9 bn, deposits $32.6 bn to $41.8 bn, equity $7.3 bn to $7.3 bn. Staff 2,783 to 2,769; offices 238 to 237.
| Metric | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $56.3 bn | $57.6 bn | $57.4 bn | $57.8 bn | $59.5 bn | $61.0 bn | $63.0 bn | $62.9 bn |
| Total deposits | $32.6 bn | $34.3 bn | $34.3 bn | $34.8 bn | $35.2 bn | $38.1 bn | $41.4 bn | $41.8 bn |
| Bank equity capital | $7.3 bn | $7.3 bn | $7.4 bn | $7.5 bn | $7.5 bn | $7.4 bn | $7.3 bn | $7.3 bn |
| CET1 ratio | 12.18% | 12.31% | 12.26% | 12.32% | 11.95% | 11.65% | 11.26% | 11.39% |
| Return on equity (ROE) | 7.60% | 8.46% | 8.57% | 8.54% | 8.52% | 8.79% | 9.29% | 9.15% |
| Uninsured share of domestic deposits | 34.77% | 33.50% | 36.32% | 36.83% | 28.81% | 30.51% | 37.32% | 36.52% |
| Full-time equivalent employees | 2,783 | 2,797 | 2,785 | 2,717 | 2,696 | 2,723 | 2,789 | 2,769 |
| Number of offices | 238 | 237 | 237 | 237 | 237 | 237 | 237 | 237 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of New York Community Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed New York Commercial Bank (FDIC certificate 32749).
- . Merged into Flagstar Bank, National Association (FDIC certificate 32541).
Questions and identifiers
What were the total assets of New York Community Bank?
New York Community Bank reported $62.9 bn at in its Call Report.
Is New York Community Bank the same as its holding company?
No. This page covers New York Community Bank, FDIC certificate 16022; NEW YORK COMMUNITY BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is New York Community Bank profitable?
New York Community Bank reported net income of $506.0 mn for the year to ; annualized return on equity: 9.15%. So yes: New York Community Bank made a profit over these months.
When is data for New York Community Bank next updated?
New York Community Bank no longer files Call Reports; its data ends at .
Where can I check the figures for New York Community Bank?
In the FDIC BankFind Suite record for certificate 16022, and in the Call Reports of New York Community Bank (RSSD ID 694904) at the FFIEC Central Data Repository.