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 Modern Bank, National Association
Modern Bank, National Association
| RSSD ID 2398701 | CERTIFICATE 22398 | ABA NUMBER 26004624 |
| 410 Park Ave |
Quarter Ended : |
2025-03-31 |
| New York, New York, 10022 |
Updated : |
2025-04-29 |
| www.modernbank.com |
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| Institution Profile |
| Year Opened : |
1977 |
Institution Type : |
Commercial bank |
| Entity Type : |
Federal |
Federal Regulator : |
OCC |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
43 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 744,299 |
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Total Interest Income | 10,265 |
| Total Liabilities | 658,659 |
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Total NonInterest Income | 327 |
| Total Bank Equity Capital | 85,640 |
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Total Interest Expense | 6,161 |
| Total Deposits | 564,478 |
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Total NonInterest Expense | 4,679 |
| Net Loans & Leases | 493,522 |
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Net Income | (1,561) |
| Loan Loss Allowance | 7,885 |
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Net Charge Offs | 2,034 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 89,701 |
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Total loans | 520,043 |
| Total assets for the leverage ratio | 729,553 |
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Loans secured by real estate: | 249,329 |
| Tier 1 Leverage Ratio | 11.4 |
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Commercial and industrial loans | 270,713 |
| Tier 1 Capital Ratio | 15.87 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 17.12 |
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Loans to individuals - Other | 0 |
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:· Modern Bank, National Association
