Suffolk Bancorp

The Bank is a community bank, which offers commercial and retail banking services to its customers. The Bank operates over 30 branches in Nassau, Suffolk and Queens Counties, New York and loan production offices in Garden City, Melville and Long Island City. It makes commercial real estate floating and fixed rate loans, multifamily and mixed use commercial loans primarily in the boroughs of New York City, commercial and industrial loans to manufacturers, wholesalers, distributors, developers/contractors and retailers and agricultural loans. It also makes loans secured by residential mortgages, and both floating and fixed rate second mortgage loans with a range of plans for repayment. The Bank finances its activities through a combination of deposits, including demand, saving, negotiable order of withdrawal and money market deposits, as well as time deposits and short-term borrowings.
Type
Subsidiary
Parent Company
People's United Financial
HQ
Riverhead, US
Founded
1890
Website
scnb.com
Suffolk Bancorp was founded in 1890 and is headquartered in Riverhead, US

Suffolk Bancorp Office Locations

Suffolk Bancorp has an office in Riverhead
Riverhead, US (HQ)
4 W 2nd St

Suffolk Bancorp Metrics

Suffolk Bancorp Summary

Founding Date

1890
Suffolk Bancorp is a subsidiary of People's United Financial

Suffolk Bancorp Financial Metrics

Suffolk Bancorp's revenue was reported to be $86.2 m in FY, 2016 which is a 18.4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$59.7 m$65.1 m$72.8 m$86.2 m

Revenue growth, %

9%12%18%

Cost of goods sold

$2.9 m$2.5 m$3.2 m$3.9 m

Gross profit

$56.7 m$62.5 m$69.5 m$82.3 m

Gross profit Margin, %

95%96%96%95%

Operating expense total

$58.6 m$53.4 m$54 m$55.3 m

EBIT

$56.7 m$61.5 m$68.9 m$73.8 m

EBIT margin, %

95%95%95%86%

Interest income

$56.7 m$62.5 m$69.5 m

Pre tax profit

$23.6 m$27.5 m

Income tax expense

$3.7 m$3.7 m$5.9 m$7.6 m

Net Income

$12.7 m$15.3 m$17.7 m$19.8 m
FY, 2013FY, 2014FY, 2015FY, 2016

Accounts Receivable

Inventories

Accounts Payable

FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$12.7 m$15.3 m$17.7 m$19.8 m

Depreciation and Amortization

$3.3 m$2.4 m$2.3 m$2.4 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$25.6 m$11.4 m$19.6 m$19.8 m

Cash From Investing Activities

($358 m)($263.1 m)($234.1 m)$101.8 m

Interest Paid

$3 m$2.5 m$3.2 m$4 m

Income Taxes Paid

$480 k$6.3 m$4.4 m$5.8 m

Suffolk Bancorp Company Life

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