Brooklyn Federal Savings Bank

Brooklyn Federal Savings Bank is headquartered in Brooklyn and is the 89^th largest bank in the state of New York. It is also the 1,498^th largest bank in the nation. It was established in 1887 and as of December of 2011, it had grown to 80 employees at 5 locations. Brooklyn Federal Savings Bank has a 1-star health rating.

Brooklyn Federal Savings Bank Routing Number: 226072346

Data for Q4 2011

Institution Statistics Brooklyn Federal Savings Bank OTS # 03198 FDIC Certificate # 29272 BankRate Report View Year Established 1887 Employees 80 Primary Regulator OCC Assets and Liabilities Assets $440.16 million Loans $232.89 million Deposits $385.68 million Equity Capital $41.52 million Loan Loss Allowance $4.07 million Unbacked Noncurrent Loans $81.56 million Historic Data - December 2010 Assets $481.87 million Equity Capital $31.10 million Loan Loss Allowance $22.86 million Unbacked Noncurrent Loans $105.25 million Profit Margin - Quarterly Net Interest Margin 2.45% Return on Assets 1.88% Return on Equity 24.17% Interest Income $16.53 million

Institution Health Overall Score: 1 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Brooklyn Federal Savings Bank had $81.56 million in non-current loans and owned real-estate with $45.59 million in equity and loan loss allowances on hand to cover it. This gives Brooklyn Federal Savings Bank a Texas Ratio of 178.88% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Brooklyn Federal Savings Bank held steady from 195.06% as of December 31, 2010 to 178.88% as of December 31, 2011, resulting in a positive change of 8.29%.This indicates that the balance sheet and financial strength for Brooklyn Federal Savings Bank has held steady in recent periods. Deposit Growth In the past year, Brooklyn Federal Savings Bank has decreased its total deposits by -$50.14 million, resulting in -11.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Brooklyn Federal Savings Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Brooklyn Federal Savings Bank has $440.16 million in assets with $45.59 million in equity, resulting in a capitalization level of 10.36%, which is above average.

No reviews have been left for this bank yet. Be the first to review.