Ridgewood Savings Bank

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Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $ 6.37 billion
Loans $ 3.98 billion
Deposits $ 5.02 billion
Capital $ 814.61 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 319.30 million
Interest-bearing balances $ 119.74 million
Total securities $ 1,620.66 million
Federal funds sold and reverse repurchase $ 144.32 million
Net loans and leases $ 3.98 billion
Loan loss allowance $ 27.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.22 million
Goodwill and other intangibles $ 80.21 million
All other assets $ 212.59 million
     Total Assets $ 5.56 billion

LIABILITIES
Total deposits $ 5.02 billion
      Interest-bearing deposits $ 4.54 billion
      Deposits held in domestic offices $ 5.02 billion
      % insured (estimated) 91.29%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 433.79 million
Subordinated debt N.A.
All other liabilities $ 107.08 millionn
      Total Liabilities $ 5.56 billion
      Shareholders’ Equity $ 814.61 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 178.28 million
Total Interest Expense $ 55.61 million
Net interest income $ 122.66 million
Provision for loan and lease losses $ 5.59 million
Total non interest income $ 11.08 million
Total non interest expense $ 100.39 million
Pre-tax Net Operating Income $ 27.77 million

Ridgewood Savings Bank is an FDIC insured institution headquartered at 7102 Forest Avenue, Ridgewood, NY 11385.
It was founded in 1921 and has approximately $6 billion in assets. Customers can open an account at one of its 39 branches.