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Savings institution, Glen Cove, NY
First Central Savings Bank
A savings institution based in Glen Cove, NY. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor and SBA 7(a) loans it made.
- Kind
- Savings institution
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $361M
- FDIC call report,
- Holds, not loans made
- Multifamily loans made, 2025
- 6
- HMDA,
- HMDA, 5 or more units
- SBA loans, 36 months
- 7
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $1.03B
- FDIC call report,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 866-400-3272 From the lender's website, retrieved November 9, 2026. Source page
- Website
- firstcentralsavings.comFrom the FDIC record, November 9, 2026.
- Commercial lending page
- firstcentralsavings.comFrom the lender's website, retrieved November 11, 2026.
- Address
- 70 Glen St, Glen Cove, NY 11542FDIC institution record,
- Regulator record
- FDIC BankFind
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. First Central Savings Bank's Construction balance rose 33.7% to $31.9M in the quarter ended June 30, 2026. FDIC call reports,
| When | What the record shows | Source |
|---|---|---|
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 9.7% to $187.8M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | FDIC call report |
| Jun 2025 to Jun 2026 | Multifamily balance rose 39.1% to $69.1M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | FDIC call report |
| 2023-10 to 2026-09 | Named as the lender on 49 mortgages recorded in New York City.exact normalized lender name and state, or a reviewed alias | NYC ACRIS recorded mortgages |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Bronx County, NY | Purchase, 25 to 49 units | $2.4M | HMDA 2025 | |||
| 2025 | Bronx County, NY | Purchase, 5 to 24 units | $740K | HMDA 2025 | |||
| 2025 | Queens County, NY | Refinance, 5 to 24 units | $700K | HMDA 2025 | |||
| 2025 | New York County, NY | Refinance, 5 to 24 units | $660K | HMDA 2025 | |||
| 2025 | Kings County, NY | Refinance, 5 to 24 units | $540K | HMDA 2025 | |||
| 2025 | New York County, NY | Refinance, 5 to 24 units | $540K | HMDA 2025 | |||
| Aug 2025 | New York | SBA 7(a), Pharmacies and Drug Retailers | $250K | 9.75% | 10 yr | SBA FOIA | |
| May 2025 | New York | SBA 7(a), Architectural Services | $150K | 9.5% | 7 yr | SBA FOIA | |
| Jan 2025 | New Jersey | SBA 7(a), Limited-Service Restaurants | $270K | 10% | 10 yr | SBA FOIA | |
| 2024 | Kings County, NY | Refinance, 25 to 49 units | $7.1M | 7.5% | 4 yr | 74% | HMDA 2024 |
| 2024 | Queens County, NY | Purchase, 5 to 24 units | $1.4M | 8.75% | 30 yr | 70% | HMDA 2024 |
| 2024 | Kings County, NY | Purchase, 5 to 24 units | $1M | 7% | 6 yr | 62% | HMDA 2024 |
| 2024 | Westchester County, NY | Purchase, 5 to 24 units | $1M | 7.63% | 6 yr | 71% | HMDA 2024 |
| 2024 | Queens County, NY | Purchase, 5 to 24 units | $660K | 7.25% | 6 yr | 30% | HMDA 2024 |
| Dec 2024 | New York | SBA 7(a), Confectionery and Nut Retailers | $200K | 9.75% | 10 yr | SBA FOIA | |
| Nov 2024 | New York | SBA 7(a), Fruit and Vegetable Retailers | $600K | 10.5% | 10 yr | SBA FOIA | |
| Aug 2024 | New York | SBA 7(a), Full-Service Restaurants | $150K | 11.5% | 10 yr | SBA FOIA | |
| Nov 2023 | New York | SBA 7(a), Offices of Lawyers | $150K | 11% | 7 yr | SBA FOIA | |
| 6 multifamily loans made in 2025 | $5.56M | HMDA 2025 | |||||
A blank means the source did not report it.
Recorded mortgages, New York City
NYC ACRIS, September 30, 2026
Mortgages recorded in New York City in which this lender is named as the lender. A recorded document is not the whole of a lender's activity and is not joined to HMDA or SBA data.
- 49 mortgages recorded in New York City (the five boroughs) from Oct 2023 to Sep 2026 name First Central Savings Bank as the lender, totaling $59.7M.
- 32 of them were recorded in the latest 12 months of that window.
| Property class | Mortgages | Dollars |
|---|---|---|
| Mixed use | 17 | $23.3M |
| Multifamily | 14 | $11.6M |
| Retail | 7 | $10.0M |
| Other | 5 | $6.87M |
| Industrial | 4 | $6.40M |
| Office | 2 | $1.50M |
| Borough | Mortgages |
|---|---|
| Brooklyn | 19 |
| Queens | 19 |
| Bronx | 6 |
| Manhattan | 5 |
How these documents were tied to this lender: exact normalized lender name and state, or a reviewed alias.
What it holds
FDIC call report, June 30, 2026
| Book | Holds | Of its loans | Year over year |
|---|---|---|---|
| Multifamily | $69.1M | 7.7% | +39.1% |
| Construction and land development | $31.9M | 3.6% | -15.9% |
| Owner-occupied CRE | $48.9M | 5.5% | -11.0% |
| Non-owner-occupied CRE | $188M | 21.0% | +9.7% |
| Farmland | $0 | 0.0% | Not reported |
| Commercial and industrial | $23.0M | 2.6% | -0.3% |
| Commercial total | $361M |
Reference only: $535M of 1-4 family residential loans, which call reports cannot split owner-occupied from investor. Excluded from the totals above.
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $348M |
| Q4 2023 | $342M |
| Q1 2024 | $348M |
| Q2 2024 | $346M |
| Q3 2024 | $346M |
| Q4 2024 | $344M |
| Q1 2025 | $352M |
| Q2 2025 | $337M |
| Q3 2025 | $344M |
| Q4 2025 | $337M |
| Q1 2026 | $344M |
| Q2 2026 | $361M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 6 | $5.56M | $675K | $2.4M | HMDA, |
| Multifamily, 5 or more units | 2024 | 5 | $11.2M | $1.00M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 226 | $157M | $660K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 7 | $1.77M | $200K | $600K | SBA FOIA, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its FDIC certificate number.
Programs on record: Federal Home Loan Bank member, New York district (FHFA).
Undrawn commitments
FFIEC Call Report, June 30, 2026
- First Central Savings Bank reported commitments to fund construction loans that had not been drawn at June 30, 2026: $0 for 1-4 family residential construction and $11,789,000 for commercial real estate, other construction and land development (FFIEC Call Report). A commitment is an agreement to fund a loan if it is drawn. It is not a loan made.
- Undrawn commitments to commercial and industrial borrowers at June 30, 2026: $5,758,000. These are credit lines not yet used.
Small loans it holds, by original size
FDIC BankFind Suite API, /banks/financials (Call Report), report dates 2026-06-30 and 2025-06-30, June 30, 2026
Loans held on the report date, grouped by the amount when each loan was made. Not loans made in a period.
| Original amount | Loans | Holds |
|---|---|---|
| $100,000 or less | 12 | $627K |
| Over $100,000 up to $250,000 | 13 | $1.33M |
| Over $250,000 up to $1 million | 19 | $6.14M |
| Original amount | Loans | Holds |
|---|---|---|
| Over $100,000 up to $250,000 | 5 | $674K |
| Over $250,000 up to $1 million | 57 | $36.1M |
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| New York HQ | 10 | 6 | 192 | 6 | 0 |
| Florida | 0 | 0 | 14 | 0 | 0 |
| Texas | 0 | 0 | 4 | 0 | 0 |
| Connecticut | 0 | 0 | 3 | 0 | 0 |
| New Jersey | 0 | 0 | 2 | 1 | 0 |
| Indiana | 0 | 0 | 2 | 0 | 0 |
| Pennsylvania | 0 | 0 | 2 | 0 | 0 |
| Colorado | 0 | 0 | 1 | 0 | 0 |
| Maine | 0 | 0 | 1 | 0 | 0 |
| North Carolina | 0 | 0 | 1 | 0 | 0 |
| New Hampshire | 0 | 0 | 1 | 0 | 0 |
| Ohio | 0 | 0 | 1 | 0 | 0 |
| Metro | Recorded loans | Dollars |
|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 11 | $16.8M |
Offices by county
FDIC Summary of Deposits, June 30, 2026
- First Central Savings Bank has 10 offices in 3 counties and 1 state (FDIC Summary of Deposits, June 30, 2026): 10 full service and 0 limited service.
| County | Full-service offices | Limited-service offices |
|---|---|---|
| Queens County, NY | 6 | 0 |
| Nassau County, NY | 3 | 0 |
| Suffolk County, NY | 1 | 0 |
Loan production offices are not in this file. A bank with no office here can still lend here.
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Estimated largest single loan | $16.6M | $10.2M to $29.8M across 8 peers | Estimate: 15% of tier 1 capital plus allowance. A further 10% is allowed with readily marketable collateral, and state-chartered banks follow state limits. Not a limit the lender has stated. | FDIC call report, 12 CFR 32.3, Jun 30, 2026 |
| CRE to capital | 261.2% | 194.9% to 354.4% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by tier 1 capital plus allowance. | FDIC call report, |
| Construction to capital | 28.9% | 0.0% to 40.4% across 8 peers | Construction loans divided by tier 1 capital plus allowance. | FDIC call report, |
| Loans to deposits | 100.6% | 65.5% to 103.9% across 8 peers | Total loans divided by total deposits. | FDIC call report, |
| Unused CRE commitments | $11.8M | $285K to $48.5M across 8 peers | Commitments to lend on commercial real estate that are not yet drawn. | FDIC call report, |
| Loans to assets | 87.4% | 60.1% to 86.0% across 8 peers | Total loans divided by total assets. | FDIC call report, |
Our calculation: construction, multifamily and non-owner-occupied nonfarm nonresidential loans, divided by tier 1 capital plus the allowance for loan losses. It is not the test in the 2006 interagency guidance on commercial real estate concentrations (December 12, 2006; OCC Bulletin 2006-46, Federal Reserve SR 07-1). That guidance measures against total risk-based capital, also counts loans that finance commercial real estate but are not secured by real estate, and looks more closely when construction and land loans reach 100% of that capital, or commercial real estate loans reach 300% of it and have grown 50% or more in the prior 36 months. This figure uses a different capital base, leaves out the unsecured loans and applies no growth condition. The guidance sets no limit on lending. Not a rating, and not a statement about safety or deposits.
Loan channel and SBA processing
Public record only
- Approval to first disbursement
- 36 days, median of 7
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Amerasia Bank | NY | $1.08B | $693M |
| Ballston Spa National Bank | NY | $1.37B | $530M |
| Spring Bank | NY | $641M | $408M |
| The Adirondack Trust Company | NY | $1.70B | $708M |
| Lake Shore Bank | NY | $736M | $336M |
| Empire State Bank | NY | $618M | $285M |
| Rhinebeck Bank | NY | $1.47B | $613M |
| Adirondack Bank | NY | $1.01B | $311M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- How much of its book it made recently. Call reports carry balances, not loans made.
- Which of its commercial real estate is office, retail, industrial or hotel. Call reports do not split the book by property type.
- How its 1-4 family loans divide between owner-occupied and investor.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
Check this page
Against the regulator's own record
- Name and charter. First Central Savings Bank, FDIC certificate 34969. Compare it with the regulator's record. [FDIC BankFind]
- Balances. $1.03B in total assets and $361M in commercial loans held, from the call report for June 30, 2026. [Source]
- Loans made. 244 recorded loans from HMDA and SBA files, through September 30, 2026: 6 HMDA multifamily 2025, 5 HMDA multifamily 2024, 226 HMDA 1-4 unit investor 2025, 7 SBA 7(a) in 36 months. Each has its source and date. [How each file was tied to First Central Savings Bank]
- Phone and website. Phone 866-400-3272, from the lender's website on November 9, 2026. Website firstcentralsavings.com, from the FDIC record. [How to reach them]
- Recorded mortgages, New York City. 49 recorded mortgages in New York City under this name. [Source]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- FDIC
- FDIC certificate
- 34969
- RSSD
- 2797359
- LEI
- 549300F1COXL6UBFCP55
- The Lender Report ID
- lr_001517
- FDIC classifies this bank as
- Commercial Lending Specialization
- Ownership
- Stock
- Head office metro area
- New York-Newark-Jersey City, NY-NJ-PA
FDIC institution record, The classification is FDIC's description of the balance sheet. It is not a statement about what the bank will lend on.
- Reported $1B in total assets as of June 30, 2026 (FDIC call report).
- Held $360.6M of commercial and commercial real estate loans as of June 30, 2026 (FDIC call report).
- Held $187.8M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 9.7% from a year earlier (FDIC call report).
- Held $69.1M of multifamily loans as of June 30, 2026, up 39.1% from a year earlier (FDIC call report).
- Held $48.9M of owner-occupied commercial real estate loans as of June 30, 2026 (FDIC call report).
- Originated 6 multifamily loans totaling $5.6M in 2025 (HMDA).
8 more sentences
- Originated 5 multifamily loans totaling $11.2M in 2024 (HMDA).
- Originated 226 1-4 unit investor or business-purpose loans totaling $157.1M in 2025 (HMDA).
- Recorded 7 SBA 7(a) approvals totaling $1.8M from October 1, 2023 to September 30, 2026 (SBA).
- Listed 10 offices in 1 state (FDIC).
- Held 44 commercial and industrial loans that were $1 million or less when made, with a balance of $8.1M as of June 30, 2026 (FDIC call report). These are loans held, not loans made.
- Held 62 loans secured by nonfarm nonresidential property that were $1 million or less when made, with a balance of $36.7M as of June 30, 2026 (FDIC call report). These are loans held, not loans made.
- Reported commitments to fund construction loans that had not been drawn at June 30, 2026: $0 for 1-4 family and $11.8M for commercial and other construction (FFIEC Call Report). A commitment is not a loan made.
- Named as the lender on 49 mortgages recorded in New York City from 2023-10 to 2026-09, totaling $59.7M (NYC Department of Finance, ACRIS).
Cite this
Source: The Lender Report, First Central Savings Bank, https://lender.report/lender/first-central-savings-bank-ny/, data as of June 30, 2026.
Sources
- FDIC institution record, November 9, 2026
- FDIC office list, October 28, 2026
- FDIC call report, June 30, 2026
- FDIC call report, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- FFIEC Call Report, June 30, 2026
- FDIC call reports, June 30, 2026
- FDIC Summary of Deposits, June 30, 2026
- NYC ACRIS recorded mortgages, September 30, 2026
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Work at First Central Savings Bank? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem