The Suffolk County National Bank of Riverhead (merged into People's United Bank)
The Suffolk County National Bank of Riverhead reported total assets of $2.1 bn at Q1 2017, its last Call Report before it merged into People's United Bank. The CET1 capital ratio at The Suffolk County National Bank of Riverhead was 12.66%, and the uninsured share of The Suffolk County National Bank of Riverhead was 27.83%. Source: FDIC Call Reports.
What sets The Suffolk County National Bank of Riverhead apart
Nothing in the latest data sets The Suffolk County National Bank of Riverhead 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 The Suffolk County National Bank of Riverhead?
The balance sheet of The Suffolk County National Bank of Riverhead at : assets $2.1 bn, deposits $1.9 bn, net loans $1.6 bn (loans equal to 88.22% of deposits). Securities make up 7.8% of total assets at The Suffolk County National Bank of Riverhead. Since , when The Suffolk County National Bank of Riverhead held $2.3 bn, its assets shrank 7.2%. In the year to , deposits at The Suffolk County National Bank of Riverhead fell 1.1% while its total assets fell 7.2%. At , The Suffolk County National Bank of Riverhead employed 261 full-time equivalent staff across 27 offices, about $8.0 mn of assets per employee and $68.7 mn of deposits per office.
How much funding at The Suffolk County National Bank of Riverhead is uninsured?
At The Suffolk County National Bank of Riverhead, uninsured deposits (above the FDIC limit) made up 27.83% of domestic deposits at (-0.58 pp on a year earlier). In dollars, The Suffolk County National Bank of Riverhead estimated $515.9 mn of uninsured deposits.
Key facts, Q1 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.9 bn | $1.9 bn (Q1 2016) | |
| Net loans and leases | $1.6 bn | $1.7 bn (Q1 2016) | |
| Loan-to-deposit ratio | 88.22% | 92.18% (Q1 2016) | |
| Tier 1 leverage ratio | 9.77% | 9.30% (Q1 2016) | |
| Total risk-based capital ratio | 13.91% | 12.38% (Q1 2016) | |
| Net interest margin | 3.55% | 3.63% (Q1 2016) | |
| Return on assets (ROA) | -1.85% | 0.88% (Q1 2016) | |
| Efficiency ratio | 203.19% | 64.95% (Q1 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $481,000 | Fell by $2.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Gain of $1.1 mn | Fell by $4.0 mn | |
| Noncurrent loans to total loans | 0.33% | 0.40% (Q1 2016) | |
| Net charge-offs to average loans | -0.07% | 0.00% (Q1 2016) |
US rank of The Suffolk County National Bank of Riverhead: 1 = highest unless marked 1 = lowest.
Balance sheet
The Suffolk County National Bank of Riverhead: assets, deposits and loans
- Total assets $2.1bn
- Deposits $1.9bn
- Net loans $1.6bn
Capital and securities
The CET1 ratio of The Suffolk County National Bank of Riverhead stood at 12.66% in , +1.45 pp year on year. Low and high at The Suffolk County National Bank of Riverhead since : 11.21% () to 13.41% (). Equity capital of The Suffolk County National Bank of Riverhead at : $202.2 mn, or 9.7% of total assets. The Suffolk County National Bank of Riverhead also reported a total capital ratio of 13.91% for , and a tier 1 leverage ratio of 9.77%.
On held-to-maturity securities, The Suffolk County National Bank of Riverhead carried an unrealized gain of $481,000 at , equal to 0.2% of equity capital. The gain fell by $2.0 mn over the year. The available-for-sale portfolio of The Suffolk County National Bank of Riverhead showed an unrealized gain of $1.1 mn at ; the gain fell by $4.0 mn over the year.
The Suffolk County National Bank of Riverhead: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.8%
The Suffolk County National Bank of Riverhead: unrealized securities gains and losses
- Available for sale $1mn
- Held to maturity $481,000
Profitability and loan quality
For the year to , The Suffolk County National Bank of Riverhead earned a return on equity of -18.67%; return on assets: -1.85%. Net interest margin at The Suffolk County National Bank of Riverhead: 3.55%, -0.08 pp in a year. The Suffolk County National Bank of Riverhead net income: -$9.7 mn, down 300.0% year on year. The efficiency ratio of The Suffolk County National Bank of Riverhead was 203.19%: about 203 cents cost per revenue dollar, against 68 cents at the median peer.
At , noncurrent loans were 0.33% of total loans at The Suffolk County National Bank of Riverhead; net charge-offs: -0.07% of average loans. Gross loans and leases at The Suffolk County National Bank of Riverhead: $1.7 bn at , against $1.7 bn at .
The Suffolk County National Bank of Riverhead: profitability
- Return on equity -19%
- Net interest margin 3.5%
- Return on assets -1.9%
Peer group of The Suffolk County National Bank of Riverhead
The peer group of The Suffolk County National Bank of Riverhead 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 The Suffolk County National Bank of Riverhead (national bank) and 1 has its head office in New York. Against them, The Suffolk County National Bank of Riverhead shows CET1 ratio 12.66% against a peer median of 12.66%, return on equity -18.67% against a peer median of 11.04% and uninsured deposit share 27.83% against a peer median of 28.12%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Central Bank & Trust Co. | State nonmember bank | KY | $2.1 bn | 12.16% | 7.14% | 21.70% | |
| PeoplesBank | State-chartered stock savings bank | MA | $2.1 bn | 13.15% | 5.77% | 34.20% | |
| Bessemer Trust Company | National bank | NY | $2.1 bn | 24.82% | 25.19% | 72.13% | |
| The Suffolk County National Bank of Riverhead | National bank | NY | $2.1 bn | 12.66% | -18.67% | 27.83% | |
| Independence Bank of Kentucky | State member bank | KY | $2.1 bn | 11.13% | 20.79% | 15.15% | |
| Westfield Bank | Federal savings bank | MA | $2.1 bn | 14.36% | 8.12% | 22.04% | |
| Northbrook Bank and Trust Company | National bank | IL | $2.1 bn | 10.04% | 13.96% | 57.77% | |
. FDIC Call Reports.
Last eight quarters
Two years at The Suffolk County National Bank of Riverhead, to : assets $2.3 bn to $2.1 bn, deposits $1.9 bn to $1.9 bn, equity $198.8 mn to $202.2 mn. Staff 339 to 261.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 |
|---|---|---|---|---|---|
| Total assets | $2.3 bn | $2.2 bn | $2.2 bn | $2.1 bn | $2.1 bn |
| Total deposits | $1.9 bn | $2.0 bn | $1.9 bn | $1.8 bn | $1.9 bn |
| Bank equity capital | $198.8 mn | $207.8 mn | $212.6 mn | $213.6 mn | $202.2 mn |
| CET1 ratio | 11.21% | 11.90% | 12.61% | 13.41% | 12.66% |
| Return on equity (ROE) | 9.90% | 10.65% | 10.59% | 9.68% | -18.67% |
| Uninsured share of domestic deposits | 28.41% | 24.21% | 26.23% | 27.26% | 27.83% |
| Full-time equivalent employees | 339 | 328 | 311 | 296 | 261 |
| Number of offices | 27 | 27 | 27 | 27 | 27 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of The Suffolk County National Bank of Riverhead, oldest first; figures before and after each event are not like for like.
- . Merged into People's United Bank, National Association (FDIC certificate 27334).
Questions and identifiers
What were the total assets of The Suffolk County National Bank of Riverhead?
The Suffolk County National Bank of Riverhead reported $2.1 bn at in its Call Report.
Is The Suffolk County National Bank of Riverhead the same as its holding company?
No. This page covers The Suffolk County National Bank of Riverhead, FDIC certificate 7278; SUFFOLK BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is The Suffolk County National Bank of Riverhead profitable?
The Suffolk County National Bank of Riverhead reported net income of -$9.7 mn for the year to ; annualized return on equity: -18.67%. So no: The Suffolk County National Bank of Riverhead made a loss over these months.
When is data for The Suffolk County National Bank of Riverhead next updated?
The Suffolk County National Bank of Riverhead no longer files Call Reports; its data ends at .
Where can I check the figures for The Suffolk County National Bank of Riverhead?
In the FDIC BankFind Suite record for certificate 7278, and in the Call Reports of The Suffolk County National Bank of Riverhead (RSSD ID 799612) at the FFIEC Central Data Repository.