Long Island Commercial Bank

Long Island Commercial Bank is headquartered in Westbury and is the 25^th largest bank in the state of New York. It is also the 255^th largest bank in the nation. It was established in 1990 and as of March of 2012, it had grown to 193 employees at 34 locations. Long Island Commercial Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics New York Commercial Bank FDIC Certificate # 32749 BankRate Report View Year Established 1990 Employees 193 Primary Regulator FDIC Assets and Liabilities Assets $2.80 billion Loans $1.61 billion Deposits $2.00 billion Equity Capital $560.63 million Loan Loss Allowance $12.88 million Unbacked Noncurrent Loans $14.22 million Real Estate Owned $1.02 million Historic Data - March 2011 Assets $2.89 billion Equity Capital $525.67 million Loan Loss Allowance $14.17 million Unbacked Noncurrent Loans $44.09 million Real Estate Owned $1.30 million Profit Margin - Quarterly Net Interest Margin 3.81% Return on Assets 0.86% Return on Equity 4.16% Interest Income $25.53 million

Institution Health Overall Score: 5 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 March 31, 2012 Long Island Commercial Bank had $15.25 million in non-current loans and owned real-estate with $573.51 million in equity and loan loss allowances on hand to cover it. This gives Long Island Commercial Bank a Texas Ratio of 2.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Long Island Commercial Bank decreased significantly from 8.41% as of March 31, 2011 to 2.66% as of March 31, 2012, resulting in a positive change of 68.38%.This indicates that the balance sheet and financial strength for Long Island Commercial Bank has improved significantly in recent periods. Deposit Growth In the past year, Long Island Commercial Bank has increased its total deposits by $141.21 million, resulting in 7.62% 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 Long Island Commercial Bank has shown is excellent. 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. Long Island Commercial Bank has $2.8 billion in assets with $573.51 million in equity, resulting in a capitalization level of 20.49%, which is excellent.

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