Modern Bank, N.A.
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Data as of · sourced from FFIEC call reports. How we update
Modern Bank, N.A. is an FDIC-insured commercial bank headquartered in New York, NY, established in 1977 (FDIC certificate 22398), and it is supervised by the OCC. At Q2 2026 it reported total assets of $648.5M, down 8.8% from Q2 2025, the 62nd largest of 105 banks headquartered in New York. Its CET1 capital ratio was 12.96% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 22398
- Headquarters
- New York, NY
- Established
- 1977
- Total assets, Q2 2026
- $648.5M
- Assets vs Q2 2025
- -8.8%
- CET1 ratio, Q2 2026
- 12.96%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 026004624
- Latest call report
- Q2 2026, FFIEC 051 · Modern Bank, N.A. call report
- Holding company
- MODERN FINANCIAL INC.
- Asset rank in state
- 62nd of 105 in New York
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 5.60% and a Texas ratio of 38.00%. The figures come from its call report filed with the FFIEC.
Of the 105 banks headquartered in New York, Modern Bank, N.A. is the 62nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 6.9% to $648.5M, loans fell 3.5% and deposits fell 8.2%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 44.5% of total loans, ahead of multifamily loans at 23.8%. The FDIC Summary of Deposits lists 2 offices for it, in New York, NY and Woodcliff Lake, NJ; its New York office books 100% of its branch deposits. Judged on its Q2 2026 call report, Modern Bank, N.A. meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 2 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Modern Bank, N.A.'s total assets ran between $648.5M (Q2 2026) and $964.3M (Q1 2024), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$648.5M total assets against $710.8M; $581.2M total liabilities against $627.6M.
$479.4M net loans and leases against $461.9M; $480.4M total deposits against $533.9M.
$83.7M securities against $93.9M; $60.9M cash and balances due against $129.2M.
$9.2M total interest income against $10.1M; $4.8M total interest expense against $6.0M.
$4.4M net interest income against $4.1M.
$153K total noninterest income against $81K; $4.9M total noninterest expense against $4.2M.
-$934K provision for credit losses against $3.6M.
$449K net income against -$2.6M.
0.26% return on assets against -1.45%; 2.64% net interest margin against 2.28%.
12.96% CET1 capital ratio against 16.26%; 9.56% tier 1 leverage ratio against 11.15%.
Inside the full Modern Bank, N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 33 of 3,640, for Texas Ratio; its furthest is 3,573 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -7.29% (Q4 2025) to 0.32% (Q3 2024) and its net interest margin ran from 2.24% (Q1 2025) to 2.74% (Q3 2025).
| 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
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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 | Acquired another institution Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | 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
Facts as filed or published, not a rating.
- 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 176 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- 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).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Modern Bank, N.A. headquartered?
It is headquartered in New York, NY, United States.
When was Modern Bank, N.A. founded?
It was established in 1977, per the FDIC institution directory.
Is Modern Bank, N.A. FDIC-insured?
Yes. It 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.
What is Modern Bank, N.A.'s CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 38.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the 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.
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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