First Central Savings Bank

Overview / Commentary
70 Glen Street
Glen Cove, NY 11542

Since April 5th, 1999, First Central Savings Bank has grown from a simple concept to what they are today, a vibrant thriving community bank of which all can be proud. The Bank’s goal was and still is to fill a void in the big bank mentality, by providing good old-fashioned personal service with a smile, a throw-back to the days of hospitality and good manners that we were all raised on, something which almost does not exist anymore in banking.

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First Central Savings Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #34969
Year Established1999
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.37%
Return on Equity - YTD-14.74%
Annual Interest Income$24.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$584.2MM$590.6MM
LoansQ4 2018vs Q4 2017$462.6MM$465.5MM
DepositsQ4 2018vs Q4 2017$516.5MM$522.3MM
Equity CapitalQ4 2018vs Q4 2017$54.7MM$55.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.8MM$10.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$6.1MM$1.1MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Central Savings Bank Money Market Rates

1.60%$250-First Link Accounts w/ $1,000 minimum Checking Balance
1.60%$250-Business First Link Accounts w/ $1,000 minimum Checking Balance
1.50%*$150k*-Smart Consumer Money Market
OTHER TIERS: 1.00% $2.5k - $150k
1.50%*$150k*-Smart Business Money Market
OTHER TIERS: 1.00% $2.5k - $1.5m
1.10%*$50k*-E-Premier Money Market (Online Only)
OTHER TIERS: 0.35% $10k - $25k | 0.55% $25k - $50k

First Central Savings Bank CD Rates

2.89%$500-18 Month Share Certificate Special
2.84%$500-60 Month E-Certificate of Deposit (Online Only)
2.79%$500-14 Month Share Certificate Special
2.53%$500-36 Month E-Certificate of Deposit (Online Only)
2.33%$500-30 Month E-Certificate of Deposit (Online Only)
1.15%$500-24 Month E-Certificate of Deposit (Online Only)
0.95%$500-12 Month E-Certificate of Deposit (Online Only)

First Central Savings Bank Locations
Whitestone Branch19-19 Francis Lewis BlvdWhitestone, NY 11357
Astoria Branch35-01 30th AvenueAstoria, NY 11103
Ditmars Branch37-28 Ditmars BoulevardAstoria, NY 11105
Bell Boulevard Branch42-12 Bell BoulevardBayside, NY 11361
Ridgewood Branch58-02 Myrtle AvenueRidgewood, NY 11385
First Central Savings Bank70 Glen StreetGlen Cove, NY 11542
Forest Hills Branch71-66 Austin StreetForest Hills, NY 11375
Main Street Branch72-76 Main StreetFlushing, NY 11367

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