Ridgewood Savings Bank

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Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $ 6.26 billion
Loans $ 4.03 billion
Deposits $ 4.92 billion
Capital $ 811.03 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 179.06 million
Interest-bearing balances $ 83.62 million
Total securities $ 1,601.57 million
Federal funds sold and reverse repurchase $ 144.68 million
Net loans and leases $ 4.03 billion
Loan loss allowance $ 25.19 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 $ 209.92 million
     Total Assets $ 5.45 billion

LIABILITIES
Total deposits $ 4.92 billion
      Interest-bearing deposits $ 4.44 billion
      Deposits held in domestic offices $ 4.92 billion
      % insured (estimated) 89.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 434.98 million
Subordinated debt N.A.
All other liabilities $ 90.13 millionn
      Total Liabilities $ 5.45 billion
      Shareholders’ Equity $ 811.03 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 134.19 million
Total Interest Expense $ 43.75 million
Net interest income $ 90.44 million
Provision for loan and lease losses $ 3.33 million
Total non interest income $ 7.99 million
Total non interest expense $ 72.49 million
Pre-tax Net Operating Income $ 22.62 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.