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Bank Emigrant bank (=Emigrant Direct) has lost $66,000,000 in 1st Q of 2009 and $225,000,000 in 2008 - 06-08-2009, 03:29 AM

From Bankrate:


EMIGRANT BANK

5 E. 42ND STREET
NEW YORK, New York 10017

STAR RATING: 1
Predictive Indicator neutral
As of December 31, 2008
Docket&nbsp137915



2008
12 months
2007
Year
2006
Year
Total Assets$11,986,045$10,948,778$13,805,886
Mortgage Loans, Net4,280,2735,360,5765,489,136
Mortgage-Backed Securities1,757,667787,079463,840
Investments1,564,9502,286,7276,160,138
Deposits8,253,2689,466,0639,140,154
Borrowings2,990,271590,0003,664,301
Equity641,451801,258893,383
Net Interest Income273,239224,179207,182
Fee Income69,78658,32227,342
Overhead160,437152,700143,227
Net Operating Income-297,130118,992111,203
Net Income-225,785112,053161,452


source:

bankrate.com/rates/safe-sound/financial-statements.aspx?thriftid=137915
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