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Overview 2021
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 16026
Date Established
1921
Assets
$ 6.62 billion
Loans
$ 3.88 billion
Deposits
$ 5.28 billion
Capital
$ 831.33 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 409.14 million
Interest-bearing balances
$ 379.57 million
Total securities
$ 1,825.11 million
Federal funds sold and reverse repurchase
$ 196.50 million
Net loans and leases
$ 3.88 billion
Loan loss allowance
$ 27.17 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
$ 217.54 million
Total Assets
$ 5.79 billion
LIABILITIES
Total deposits
$ 5.28 billion
Interest-bearing deposits
$ 4.74 billion
Deposits held in domestic offices
$ 5.28 billion
% insured (estimated)
87.76%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 409.40 million
Subordinated debt
N.A.
All other liabilities
$ 101.21 millionn
Total Liabilities
$ 5.79 billion
Shareholders’ Equity
$ 831.33 million
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 80.73 million
Total Interest Expense
$ 20.12 million
Net interest income
$ 60.60 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 6.38 million
Total non interest expense
$ 51.28 million
Pre-tax Net Operating Income
$ 15.75 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 $7 billion in
assets. Customers can open an account at one of its 39 branches.
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