# FIRST CENTRAL SAVINGS BANK
GLEN COVE, NY · FDIC certificate 34969 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.03B | |
| Deposits | $891.0M | |
| Loans and leases | $896.0M | |
| Total equity | $99.5M | |
| Loans / deposits | 99.68% (p85 of band) | 87.10% |
| Liquid assets / assets | 9.19% (p4 of band) | |
| Uninsured deposits / deposits | 27.51% (p40 of band) | 30.76% |
| Brokered deposits | 0.98% | |
| Wholesale funding | 3.42% (p38 of band) | |
| FHLB advances / assets | 2.44% | |
| Tier 1 leverage | 10.30% (p45 of band) | 10.50% |
| Unrealized securities loss / equity | -3.87% (p70 of band) | -7.75% |
| AOCI / equity | -0.11% (p65 of band) | |
| ROA (annualized) | 0.97% (p29 of band) | 1.26% |
| Net interest margin | 3.61% (p43 of band) | 3.70% |
| Efficiency ratio | 68.39% (p76 of band) | |
| Noncurrent loans | 1.19% (p78 of band) | 0.51% |
| Net charge-offs (annualized) | -0.01% (p7 of band) | |
| Reserve coverage of noncurrent | 74.54% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 32.05% (p33 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 3.7% | |
| Employees | 107 | |

## Flags firing in the latest filing

- **liquid assets <10%** (`liq_thin`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | leverage <7%, leverage <5%, losing money, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 6 |  |  |
| 2011-09 | 7 | charge-offs p90, construction >100% equity | noncurrent p90 |
| 2011-12 | 6 |  | construction >100% equity |
| 2012-03 | 5 | noncurrent p90 | losing money, charge-offs p90 |
| 2012-06 | 4 |  | noncurrent p90 |
| 2012-09 | 5 | noncurrent p90 |  |
| 2012-12 | 7 | deposits shrinking, assets shrinking |  |
| 2013-03 | 9 | expense ratio p90, charge-offs p90 |  |
| 2013-06 | 6 |  | leverage <7%, leverage <5% |
| 2013-09 | 5 |  | charge-offs p90 |
| 2013-12 | 4 |  | expense ratio p90 |
| 2014-03 | 7 | losing money, expense ratio p90, charge-offs p90 |  |
| 2014-06 | 7 |  |  |
| 2014-09 | 5 | capital falling | noncurrent p90, deposits shrinking, assets shrinking |
| 2014-12 | 3 |  | reserve under noncurrent, capital falling |
| 2015-03 | 1 |  | losing money, charge-offs p90 |
| 2015-06 | 1 |  |  |
| 2015-09 | 3 | capital falling, losing money |  |
| 2015-12 | 2 |  | capital falling |
| 2016-03 | 1 |  | losing money |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 0 |  | expense ratio p90 |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | losing money |  |
| 2018-03 | 1 | charge-offs p90 | losing money |
| 2018-06 | 0 |  | charge-offs p90 |
| 2018-09 | 3 | losing money, expense ratio p90, charge-offs p90 |  |
| 2018-12 | 6 | capital falling, reserve under noncurrent, construction >100% equity |  |
| 2019-03 | 3 |  | losing money, expense ratio p90, charge-offs p90 |
| 2019-06 | 2 |  | capital falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 | charge-offs p90 | reserve under noncurrent |
| 2020-03 | 2 | capital falling | charge-offs p90 |
| 2020-06 | 1 |  | capital falling |
| 2020-09 | 1 |  |  |
| 2020-12 | 2 | charge-offs p90 |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | construction >100% equity |
| 2021-09 | 0 |  | charge-offs p90 |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 1 | capital falling |  |
| 2022-09 | 2 | charge-offs p90 |  |
| 2022-12 | 1 |  | capital falling |
| 2023-03 | 0 |  | charge-offs p90 |
| 2023-06 | 1 | capital falling |  |
| 2023-09 | 0 |  | capital falling |
| 2023-12 | 1 | loans exceed deposits |  |
| 2024-03 | 2 | liquid assets <10%, reserve under noncurrent | loans exceed deposits |
| 2024-06 | 1 |  | reserve under noncurrent |
| 2024-09 | 2 | loans exceed deposits |  |
| 2024-12 | 3 | reserve under noncurrent |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 | charge-offs p90 | reserve under noncurrent |
| 2025-09 | 2 |  | charge-offs p90 |
| 2025-12 | 4 | charge-offs p90, reserve under noncurrent |  |
| 2026-03 | 3 |  | charge-offs p90 |
| 2026-06 | 2 |  | loans exceed deposits |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-26 [First Central Savings Bank and Songs of Love Foundation partner to bring healing through music - qns.com](https://news.google.com/rss/articles/CBMifkFVX3lxTE1TUVI1cUViUVRWZHJYR3NTdlJ6OTgtMTh3ckVMYlp3Tkw1SEZabXJKc2N2Rk9HMzNzRjNIbnF4RUxCb19DakVqSDBmMXFtMnpwSEVYN2tRaWE0b3FKa3hnY0xTZzhHeEMtMmpWTU5HcEs2LVVqeXdVNkxmcWd4dw?oc=5) · qns.com
- 2026-06-16 [WalletHub awards First Central Savings Bank for Best Overall Kids Savings Account - LI Press](https://news.google.com/rss/articles/CBMihwFBVV95cUxNMXE4OWNUejVZVE0zOEp2QkpOQThfcEUzUUhfSjZpclZoZ3ZHZWJWa0ZWcmxSYWI1MFdySzlzVkRxbVJuWWxrbzBiMzBWZlRldmNkTFBPLWlGVnA4NFZ4UldLemhIcHllbUtLSnJjNDJtaGVLV3RhYTc1blhLNXN0SU1KUzh1WEk?oc=5) · LI Press
- 2026-07-17 [First Central Savings Bank Astoria branches announce new vice president and business development officer - qns.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE1LazE2NVBaQ2g3YmVWSHZsS1R1MUxxMGtzaUlxdlhxS01lYzVlM0tsOFNpaDcyYlh1OWM2VHpNMGFsbWlpZGloanlwSGxpZi03cFI3MV81bnpfLXZWM0E0c0daS2hDLTNzdTNWM2RfMVFXV01fa3NTT3ZjUQ?oc=5) · qns.com
- 2025-12-01 [First Central Savings Bank mortgage division surpasses $1.7B in loan originations - LI Press](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNRlZfZjhmc3VuQmxFSHdfU3VBTDRWejhkTTdfTUplRlpnZWVuUXhkSFFPR3VHVlNsZ040OVgwbWZSQlloRFlXTFd3VlQxOTkzMVloZzNuRW1KaG51YlZTLVJsSzN5WnJhQ0JqUzExNEhFVG55WXRfR19jc1BsUFpwaXlTc3RDT3BIYkF0QnRPb1BmaE9VWGNiQVlCRWdWYXI0NVpQTEF2VWVYei1wVld2UEZTQ1hwSklZUWFONXhIaHBkdw?oc=5) · LI Press
- 2021-11-24 [Michael Serao Named To A-List Of Extraordinary Men - qgazette.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNQVVYNlg0MzVFemdPVWE2Z1BwUEFBSmpnNVY3cl9qQVVzR0RPcmZFakJlVUFOVzlSRmdySHk1RmdzSld6WGJSbWNVa1Q2WTR0U09sM3JLb1J4d2VFRmw5aEpCWUM3cVRJLXJoQVNmMm9ZNC1ObUpzRzhDUTU5a1puTzktQ0hFU3pDLTJNdUNR?oc=5) · qgazette.com
- 2023-10-20 [First Central Savings Bank Celebrates a Momentous Milestone in Loan Originations: $1 Billion and Counting - GlobeNewswire](https://news.google.com/rss/articles/CBMihgJBVV95cUxQMXp2Z3lxODV2eWw5QzRCUUNkTVRTMnJCaVlYUGNWTl9FSWlxMmZEQld1ZGdSSms5M2x6QVotRGlpTHJ2MlFRSzdqVk82YkZXdzVQSUdKSE02T3NMZVMxb0ZhVVEyRUtoTDNBYmpRc20wWjRRd3oxUkltLTEtM2k5QlBkZGlyeWx5ZDk4M2ctSUk1TEZzVVdjMmlqaVhNdW9sVmFQMkhtSG16QUZEUXpIUkdQTFVyTzh4VVZFSmZZTGlkaHpBRXhkLVBlUVpySUVJcEJHRkozS0J4a2xLOUZQdlNBbnJYWFBHV0FObnc4Zm9YRV9kRlBFd2Z2QVpTVC0wYVhGY29n?oc=5) · GlobeNewswire
- 2020-02-26 [Long Island bank director is ousted amid lawsuit against rival - New York Post](https://news.google.com/rss/articles/CBMimAFBVV95cUxQN1VpSmtfMnA4QUJDSmxjU19hTlM3aWh3ZmY1VjNHX0NjMVFPZG9tVDkxaUwwMy1RcE4xNVpqci1FZHU1Vk92V293LW1faXlNM3RTNGpEeVdESHd3Ulg2VTVBZkdTb3A2cGU0a0FmVDdhUTBBT0lNcTF0RFNIWllKbGEzejFSd3F1cEFpekxmZFRDY0g1bTcyZg?oc=5) · New York Post
- 2023-03-08 [NYLIB Appoints EVP Michael Serao - qgazette.com](https://news.google.com/rss/articles/CBMidkFVX3lxTFAzNVlsWVlyb051SnpuVU1jMnA0cTFvRGplV3dSU0JzdGNiTjlRcm1nT2xNTVBBUFUyeHhXd1lQVHVqSUFUYmpuY0stZjE5QkpsMFhBSzFwa2J0U3kzaHdpU2F5ZjJzRVQ4eXVmUFVwRktYOVotcHc?oc=5) · qgazette.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34969 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/25.json (key "34969", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide