Modern Bank, National Association
New York, NY
IDRSSD: 2398701
Total Assets
$664.06M
Latest filing
Total Deposits
$512.89M
Latest filing
Net Interest Margin
2.64%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
026004624NEW YORK, NY
Key People
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Locations
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Main Office
Modern Bank, National Association
410 Park Ave
New York, NY 10022
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1977FDIC Certificate 15599
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Modern Bank, National Association (Main) | 410 Park Ave | New York, NY |
| WOODCLIFF LAKE BRANCH | 300 Tice Boulevard, 3rd Floor | Woodcliff Lake, NJ |
Showing 1 of 1
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 01/01/1977 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 10022 |
| State and County Number | 36061 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 02 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | New York-Newark-Jersey City, NY-NJ-PA |
Operational Info
| Number of Employees | 42 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1977 |
| Primary Insurance Agency | DIF |
| Website | www.modernbank.com |
| Data Updated | 01/30/2026 |
| CERT | 22398 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $664.06M |
| Total Deposits | $512.89M |
| Total Liabilities | $597.09M |
| Total Equity Capital | $66.97M |
| Net Income | $-12,397,000 |
| Net Loans and Leases | $479.21M |
| Assets Per Employee ($Millions) | $16.6M |
| Bank Premises and Fixed Assets | $1.07M |
| Cash and Balances due from Depository Institutions | $60.43M |
| Deposits Held in Domestic Offices | $512.89M |
Key Performance Ratios
| Return on Assets (ROA) | -7.49% |
| Return on Equity (ROE) | -67.73% |
| Net Interest Margin | 2.64% |
| Efficiency Ratio | 144.42% |
| Tier 1 Risk-Based Capital Ratio | 12.604% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 4.81% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.085% |
| Earning Assets to total Assets | 96.35% |
Income and Expense
| Total Interest Income | $9.30M |
| Total Noninterest Income | $275.00k |
| Total Interest Expense | $5.11M |
| Total Noninterest Expense | $6.45M |
| Net Interest Income | $4.19M |
| Pre-tax Net Operating Income | $-9,941,000 |
| Provision for Credit Losses | $7.96M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $78.11M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $6.08M |
| Total Liabilities and Capital | $664.06M |
Securities
| Securities | $100.71M |
| Available-for-sale debt securities | $45.82M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $54.89M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Modern Bank, National Association?
$664.06M as of the latest filing.
How much are Modern Bank, National Association's total deposits?
$512.89M in total deposits.
Where is Modern Bank, National Association located?
New York, NY.
What is the Net Interest Margin?
2.64%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1977.
What is the Return on Assets (ROA)?
-7.49%.
How much are total loans and leases?
$479.21M (latest filing).
What is the total interest income (latest filing)?
$9.30M.