First National Bank of New York

First National Bank of New York is headquartered in Merrick and is the 108^th largest bank in the state of New York. It is also the 2,534^th largest bank in the nation. It was established in 2007 and as of December of 2012, it had grown to 59 employees at 4 locations. First National Bank of New York has a 3-star health rating.

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Data for Q4 2012

Institution Statistics First National Bank of New York FDIC Certificate # 58419 BankRate Report View Year Established 2007 Employees 59 Primary Regulator OCC Assets and Liabilities Assets $254.83 million Loans $137.61 million Deposits $186.30 million Equity Capital $31.92 million Loan Loss Allowance $2.82 million Unbacked Noncurrent Loans $5.79 million Historic Data - December 2011 Assets $307.99 million Equity Capital $35.05 million Loan Loss Allowance $3.71 million Unbacked Noncurrent Loans $6.00 million Profit Margin - Quarterly Net Interest Margin 3.01% Return on Assets -1.83% Return on Equity -15.59% Interest Income $11.22 million

Institution Health Overall Score: 3 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, 2012 First National Bank of New York had $5.79 million in non-current loans and owned real-estate with $34.74 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of New York a Texas Ratio of 16.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First National Bank of New York held steady from 15.47% as of December 31, 2011 to 16.65% as of December 31, 2012, resulting in a negative change of 7.66%. This indicates that the balance sheet and financial strength for First National Bank of New York has held steady in recent periods. Deposit Growth In the past year, First National Bank of New York has decreased its total deposits by -$50.21 million, resulting in -21.23% 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 First National Bank of New York 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. First National Bank of New York has $254.83 million in assets with $34.74 million in equity, resulting in a capitalization level of 13.63%, which is excellent.

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