Major Rating Factors:
Operating profits as a percentage of assets at 0.3%, coupled with a return on assets of 0.2 has resulted in Weak (2.3) profitability. A current level of 22.7 percent of nonperforming loans to core capital combined with 18.6 percent from a year earlier contributes to the Weak asset quality (2.1).
Other Rating Factors:
Excellent current capitalization (8.5 on a scale of 0 to 10) based on a risk-based capital ratio of 13.0 and a capital leverage ratio of 10.0. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.1 on a scale of 0 to 10).
Asset Mix:
Comm re (53%), comm loans (11%), cash (8%), securities (3%), home mtgs (2%), other (23%)
States with Branches:
NJ, 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
28-31 31st Street
Astoria, NY 11102
Astoria, NY 11102
Phone Number
(718) 267-2562
Year Founded
2007
FDIC Number
Website
Largest Affiliates
No affiliate information available.