A bank's profitability affects its safety and soundness. Earnings can be retained by the bank, expanding its capital buffer, or be used to address problematic loans, likely making the bank better prepared to withstand financial trouble. Obviously, banks that are losing money are less able to do those things.
Sunnyside Federal Savings and Loan Association of Irvington scored 0 out of a possible 30 on Bankrate's test of earnings, failing to reach the national average of 15.12.
Return on equity, calculated by dividing net income (essentially, profit) by total equity, is one important way to measure a bank's earnings. Sunnyside Federal Savings and Loan Association of Irvington's most recent annualized quarterly return on equity was -3.13 percent, below the national average of 8.10 percent.
The bank recorded net income of $-339,000 on total equity of $10.6 million for the twelve months ended December 31, 2017. The bank had an annualized return on average assets, or ROA, of -0.38 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.