# FIRST NB OF NEW YORK
MERRICK, NY · FDIC certificate 58419 · asset band <$300M · latest filing 2013-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (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 | $231.1M | |
| Deposits | $181.2M | |
| Loans and leases | $106.9M | |
| Total equity | $15.7M | |
| Loans / deposits | 57.75% (p30 of band) | 69.26% |
| Liquid assets / assets | 48.82% (p76 of band) | |
| Uninsured deposits / deposits | 6.04% (p19 of band) | 12.49% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 14.07% (p91 of band) | |
| FHLB advances / assets | 14.07% | |
| Tier 1 leverage | 8.23% (p12 of band) | 10.29% |
| Unrealized securities loss / equity | -28.59% (p2 of band) | -1.01% |
| AOCI / equity | -35.06% (p2 of band) | |
| ROA (annualized) | -4.84% (p0 of band) | 0.76% |
| Net interest margin | 2.46% (p7 of band) | 3.63% |
| Efficiency ratio | 204.38% (p99 of band) | |
| Noncurrent loans | 7.33% (p97 of band) | 0.94% |
| Net charge-offs (annualized) | 1.27% (p98 of band) | |
| Reserve coverage of noncurrent | 28.85% | |
| Real estate % of loans | 72% | |
| Construction % of loans | 0.84% (p17 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.7% | |
| Employees | 56 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **AOCI drag >20% of equity** (`cap_aoci`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  | loans exceed deposits |
| 2011-09 | 1 |  | wholesale funding >15% |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | losing money, expense ratio p90 |  |
| 2012-06 | 7 | capital falling, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2012-09 | 7 | wholesale funding >15% | capital falling |
| 2012-12 | 8 | uninsured deposits leaving |  |
| 2013-03 | 5 |  | charge-offs p90, wholesale funding >15%, uninsured deposits leaving |
| 2013-06 | 8 | wholesale funding >15%, capital falling, noncurrent p90 |  |
| 2013-09 | 9 | AOCI drag >20% of equity, NIM <2.5% | deposits shrinking |
| 2013-12 | 9 | charge-offs p90 | wholesale funding >15% |

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

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58419 (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/51.json (key "58419", 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.

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