Modern Bank, N.A.: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Modern Bank, N.A. spends more to run itself than most banks of its size. Its balance sheet stood at $649 million at June 30, 2026, down 8.8% from a year earlier; it is based in New York, New York. It earns about $0.26 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 108 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 5.60% of loans, down from 7.07% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 3.8% and deposits fell 10.0%. Its margin is thin by comparison: it keeps 2.64 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, Modern Bank, N.A. reported a CET1 capital ratio of 12.96%, a return on assets of 0.26%, a nonperforming-loan ratio of 7.60% and a Texas ratio of 38.00%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 410 Park Ave, New York, NY 10022
- County
- New York
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1977
- Former names
- Excel Bank, National Association (1997-2005); Union Chelsea National Bank (1977-1997)
- Offices
- 2 domestic
- Employees (FTE)
- 42
- Domestic deposits
- $480.4M
- Allowance for credit losses
- $7.3M
- Net charge-offs (YTD)
- $0
- Average total assets
- $680.9M
- Average total loans
- $497.2M
- Average interest-bearing deposits
- $422.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1977
- FDIC Cert
- 22398
- Fed RSSD
- 2398701
- Website
- www.modernbank.com →
- Parent Holding Company
- MODERN FINANCIAL INC. (RSSD 3719974)
- Ultimate Parent
- MODERN BANK MANAGEMENT LLC (RSSD 3720000)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Modern Bank, N.A. terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Modern Bank, N.A., freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Modern Bank, N.A. rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Metric pages for Modern Bank, N.A.: Texas Ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.96% | 0.26% | 5.60% | 38.00% | 2.64% |
| Q1 2026 | 12.22% | 0.00% | 5.37% | 37.50% | 2.49% |
| Q4 2025 | 12.60% | -7.29% | 5.61% | 37.94% | 2.44% |
| Q3 2025 | 15.23% | -2.27% | 6.31% | 35.80% | 2.74% |
| Q2 2025 | 16.26% | -1.45% | 7.07% | 37.94% | 2.28% |
| Q1 2025 | 15.87% | -0.85% | 6.81% | 37.66% | 2.24% |
| Q4 2024 | 15.48% | 0.27% | 6.52% | 37.79% | 2.68% |
| Q3 2024 | 14.25% | 0.32% | 4.89% | 30.33% | 2.73% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 2 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Modern Bank, N.A. (main office) | New York , NY | 10022 | $480.4M |
| Woodcliff Lake Branch | Woodcliff Lake , NJ | 07677 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 1, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 1997 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
| January 1, 1977 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
What the public regulatory sources show for Modern Bank, N.A., each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 4 against the institution (OCC); 3 against individuals associated with it
- October 27, 2009, OCC: Formal Agreement: Modern Bank, National Association
- September 24, 2002, OCC: Formal Agreement: Excel Bank, National Association
- April 11, 2002, OCC: Formal Agreement: Excel Bank, N.A.
- November 12, 1991, OCC: Formal Agreement: Union Chelsea National Bank
- Period: Most recent institution action October 27, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in NY, rank 102 of 180 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $620K approved, $620K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Modern Bank, N.A.
What are Modern Bank, N.A.'s total assets?
As of the Q2 2026 filing, Modern Bank, N.A. reported total assets of $648.5 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Modern Bank, N.A. headquartered?
Modern Bank, N.A. is headquartered in New York, NY, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Modern Bank, N.A. founded?
Modern Bank, N.A. was established in 1977, per the FDIC institution directory.
Is Modern Bank, N.A. FDIC-insured?
Yes. Modern Bank, N.A. is an FDIC-insured commercial bank (FDIC Certificate #22398). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Modern Bank, N.A.?
Modern Bank, N.A.'s primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Modern Bank, N.A.'s CET1 capital ratio?
Modern Bank, N.A. reported a Common Equity Tier 1 (CET1) capital ratio of 12.96% in its Q2 2026 call report, above regulatory requirements.
How many branches does Modern Bank, N.A. operate?
Modern Bank, N.A. operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Modern Bank, N.A.'s Texas Ratio?
Modern Bank, N.A.'s Texas Ratio is 38.00% in its Q2 2026 call report, between 25% and 50%, below the 50% level at which problem assets reach half of the capital cushion. The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Modern Bank, N.A. previously called?
The charter now named Modern Bank, N.A. has also operated as Excel Bank, National Association (1997-2005), Union Chelsea National Bank (1977-1997), per FDIC structure-change records.
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