First Inter-County Bank of New York
New York City, NY · Owner: GHW Associates
$44.1M
total assets, September 30, 1987
$44.1M
total assets, September 30, 1987
First Inter-County Bank of New York was a state nonmember bank in New York City, NY, owned by GHW Associates. It failed on Mar 11, 1988, and Community NB&T Co Of Ny took over its deposits. At its last report it held $44.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1987
This bank failed
- Failed on
- Mar 11, 1988
- Assets
- $44.1M
- Deposits
- $37.9M
- Estimated cost
- $8.0M
- Deposits went to
- Community NB&T Co Of Ny, New York City, NY
Total assets
$44.1M
+34.4% in a year · +21.8% in a quarter
Deposits
$37.9M
+40.9% in a year · +11.8% in a quarter
Loans
$28.4M
+27.7% in a year · -12.3% in a quarter
Profit so far
$149K
Jan 1 to Sep 30, 1987 · -31.7% in a year
Capital ratio
13.96%
-2.64 pts in a year
Return on assets
0.47%
-0.44 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 489 Fifth Avenue, New York City, NY, 10017
- County
- New York
- Holding company
- GHW Associates
- Established
- May 6, 1985
- Failed
- Mar 11, 1988
- Employees
- 17
- Id
- b26227
Quarter by quarter
June 30, 1985 to September 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Inter-County Bank of New York?
$44.1 million in total assets and $37.9 million in deposits as of September 30, 1987, with assets up 34.4% from a year before. Its loans were $28.4 million.
Is First Inter-County Bank of New York profitable?
Yes: it earned $149,000 from January 1 to September 30, 1987 (down 31.7% from the same months a year before). Its return on assets was 0.47% a year; about 1% is typical.
Who owns First Inter-County Bank of New York?
First Inter-County Bank of New York is owned by GHW Associates, its holding company.
When did First Inter-County Bank of New York fail?
Mar 11, 1988. Community NB&T Co Of Ny of New York City, NY took over its deposits. The estimated cost of the failure was $7.97 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.