Major Rating Factors:
Operating profits as a percentage of assets at 1.1%, coupled with a return on assets of 0.9 has resulted in Fair (4.4) profitability. A current level of 15.1 percent of nonperforming loans to core capital combined with 17.9 percent from a year earlier contributes to the Fair asset quality (4.0).
Other Rating Factors:
Excellent current capitalization (8.3 on a scale of 0 to 10) based on a risk-based capital ratio of 15.6 and a capital leverage ratio of 9.9. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Asset Mix:
Home mtgs (47%), comm re (24%), cash (6%), home eq lns (5%), securities (3%), comm loans (2%), other (12%)
States with Branches:
NY
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Investment Rating
--
Address
70 Glen Street
Glen Cove, NY 11542
Glen Cove, NY 11542
Phone Number
(516) 609-3500
Year Founded
1999
FDIC Number
Largest Affiliates
No affiliate information available.