EX-99.1 2 dex991.htm WRITTEN PRESENTATION TO BE DISTRIBUTED AND MADE AVAILABLE TO INVESTORS Written presentation to be distributed and made available to investors
Fourth Quarter 2005
Investor Presentation
Citigroup Financial Services Conference
February 1, 2006
Exhibit
99.1

2
Forward-looking Statements and Associated Risk Factors
This
presentation,
like
other
written
and
oral
communications
presented
by
the
Company
and
its
authorized
officers,
may
contain
certain
forward-looking
statements
regarding
the
Company’s
prospective
performance
and
strategies
within
the
meaning
of
Section
27A
of
the
Securities
Act
of
1933,
as
amended,
and
Section
21E
of
the
Securities
Exchange
Act
of
1934,
as
amended.
The
Company
intends
such
forward-looking
statements
to
be
covered
by
the
safe
harbor
provisions
for
forward-looking
statements
contained
in
the
Private
Securities
Litigation
Reform
Act
of
1995,
and
is
including
this
statement
for
purposes
of
said
safe
harbor
provisions.
Forward-looking
statements,
which
are
based
on
certain
assumptions
and
describe
future
plans,
strategies,
and
expectations
of
the
Company,
are
generally
identified
by
use
of
the
words
“anticipate,”
“believe,”
“estimate,”
“expect,”
“intend,”
“plan,”
“project,”
“seek,”
“strive,”
“try,”
or
future
or
conditional
verbs
such
as
“will,”
“would,”
“should,”
“could,”
“may,”
or
similar
expressions.
The
Company’s
ability
to
predict
results
or
the
actual
effects
of
its
plans
or
strategies
is
inherently
uncertain.
Accordingly,
actual
results
may
differ
materially
from
anticipated
results.
There
are
a
number
of
factors,
many
of
which
are
beyond
the
Company’s
control,
that
could
cause
actual
conditions,
events,
or
results
to
differ
significantly
from
those
described
in
the
forward-looking
statements.
These
factors
include,
but
are
not
limited
to,
general
economic
conditions,
either
nationally
or
locally
in
some
or
all
of
the
areas
in
which
the
Company
and
its
customers
conduct
their
businesses;
conditions
in
the
securities
markets
or
the
banking
industry;
changes
in
interest
rates,
which
may
affect
the
Company’s
net
income
or
future
cash
flows;
changes
in
deposit
flows,
and
in
the
demand
for
deposit,
loan,
and
investment
products
and
other
financial
services
in
the
Company’s
local
markets;
changes
in
the
financial
or
operating
performance
of
the
Company’s
borrowers’
businesses;
changes
in
real
estate
values,
which
could
impact
the
quality
of
the
assets
securing
the
Company’s
loans;
changes
in
the
quality
or
composition
of
the
Company’s
loan
or
investment
portfolios;
changes
in
competitive
pressures
among
financial
institutions
or
from
non-financial
institutions;
the
ability
to
successfully
integrate
any
assets,
liabilities,
customers,
systems,
and
management
personnel
the
Company
may
acquire
into
its
operations
and
its
ability
to
realize
related
revenue
synergies
and
cost
savings
within
expected
time
frames;
the
Company’s
timely
development
of
new
and
competitive
products
or
services
in
a
changing
environment,
and
the
acceptance
of
such
products
or
services
by
its
customers;
the
outcome
of
pending
or
threatened
litigation
or
of
other
matters
before
regulatory
agencies,
whether
currently
existing
or
commencing
in
the
future;
changes
in
accounting
principles,
policies,
practices,
or
guidelines;
changes
in
legislation
and
regulation;
operational
issues
and/or
capital
spending
necessitated
by
the
potential
need
to
adapt
to
industry
changes
in
information
technology
systems,
on
which
the
Company
is
highly
dependent;
changes
in
the
monetary
and
fiscal
policies
of
the
U.S.
Government,
including
policies
of
the
U.S.
Treasury
and
the
Federal
Reserve
Board;
war
or
terrorist
activities;
and
other
economic,
competitive,
governmental,
regulatory,
and
geopolitical
factors
affecting
the
Company’s
operations,
pricing,
and
services.
Additionally,
the
timing
and
occurrence
or
non-occurrence
of
events
may
be
subject
to
circumstances
beyond
the
Company’s
control.
In
addition,
the
following
factors,
among
others,
could
cause
the
actual
results
of
the
recently
completed
transaction
with
Long
Island
Financial
Corp.
and
the
pending
transaction
with
Atlantic
Bank
of
New
York
to
differ
materially
from
the
expectations
stated
in
this
presentation:
the
ability
of
New
York
Community
Bancorp,
Inc.
and
Atlantic
Bank
of
New
York
to
obtain
the
required
regulatory
approvals;
the
ability
of
New
York
Community
Bancorp,
Inc.
and
Atlantic
Bank
of
New
York
to
consummate
the
transaction;
a
materially
adverse
change
in
the
financial
condition
of
New
York
Community
Bancorp,
Inc.
or
Atlantic
Bank
of
New
York,
including
changes
in
the
financial
condition
of
Atlantic
Bank
of
New
York
from
the
condition
determined
to
exist
based
on
due
diligence
performed
by
the
Company
in
connection
with
its
consideration
of
the
acquisition;
the
ability
of
New
York
Community
Bancorp,
Inc.
to
successfully
integrate
the
assets,
liabilities,
customers,
systems,
and
any
management
personnel
it
may
acquire
into
its
operations
pursuant
to
the
transactions;
and
the
ability
to
realize
the
related
revenue
synergies
and
cost
savings
within
the
expected
time
frames.
Readers
are
cautioned
not
to
place
undue
reliance
on
these
forward-looking
statements,
which
speak
only
as
of
the
date
of
this
presentation.
Except
as
required
by
applicable
law
or
regulation,
the
Company
undertakes
no
obligation
to
update
these
forward-looking
statements
to
reflect
events
or
circumstances
that
occur
after
the
date
on
which
such
statements
were
made.

3
We are a leading financial institution in the NY Metro region.
(a)
American Banker –
December 28, 2005
(b)   SNL DataSource
(c)
ThriftInvestor
–
May 2005
At 12/31/05, we had consolidated assets of $26.3 billion, consolidated deposits of
$12.1 billion, and 152 banking offices.
We
are
ranked
the
sixth
most
efficient
bank
holding
company
in
the
U.S.
(a)
We operate the fifth largest thrift in the nation and the largest in New York State,
based
on
total
assets.
(b)
On the basis of deposit market share, we operate the eighth largest thrift in the
nation
and
the
third
largest
in
New
York
State.
(b)
We
are
the
leading
producer
of
multi-family
loans
for
portfolio
in
New
York
City,
with
$12.9
billion
outstanding
at
12/31/05.
(b)
We have been ranked the top-performing U.S. thrift with assets exceeding
$1 billion.
(c)

4
We are focused on producing a solid financial performance.
2005 Goals:
Increasing our share of the multi-
family lending market
Maintaining the quality of our assets
Maintaining our efficiency
Strengthening our balance sheet
-
Increasing loans
-
Reducing securities
-
Increasing deposits
-
Exceeding our historical capital
levels
Expanding through M&A
Maintaining a strong dividend
Achievements:
Multi-family loans are up 31% year-over-
year
NPAs = 0.11% of total assets at 12/31/05
2005 operating efficiency ratio = 28.86%
(a)
Total loans are up 27% year-over-year
Securities are down 20%
Deposits are up 16%
Tangible stockholders’
equity/tangible             
assets = 5.41% at 12/31/05, excluding the
net unrealized loss on securities
(b)(c)
Completed acquisition of Long Island
Financial Corp. (“LICB”) on 12/30/05
Acquisition of Atlantic Bank of New York
(“ABNY”) expected to take place in 1Q 06,
pending regulatory approval
$1.00/share, annualized
(a)
Please see page 26 for a reconciliation of our GAAP and operating efficiency ratios.
(b)
Please see page 26 for a reconciliation of our stockholders’
equity and tangible stockholders’
equity and of our assets and tangible assets.
(c)
Including the net unrealized loss on securities, our tangible stockholders’
equity equaled 5.19% of tangible assets.

5
% of total loans:  75.5%
Average principal balance:  $3.6 million
Average loan-to-value:  61.1%
Expected weighted average life:  3.3 years
2005 originations:  $4.7 billion
% of total loans originated in 2005:  73.5%
At 12/31/05
$1,946
$3,255
$4,494
$7,368
$9,842
$12,857
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
Multi-family
Loan
Portfolio
Multi-family loans rose 31% in 2005.
(in millions)
Increasing Our Share of the Multi-family Lending Market

6
Maintaining the Quality of Our Assets
(a)
SNL DataSource
We have a consistent record of solid asset quality.
0.52%
0.43%
0.37%
0.32%
0.22%
0.21%
0.15%
0.12%
0.11%
12/31/03
12/31/04
12/31/05
NPAs/Total Assets
U.S. Thrifts
(a)
N.Y. State Thrifts
(a)
NYB

7
Maintaining Our Efficiency
63.98%
65.62%
62.41%
57.02%
56.58%
56.47%
23.59%
(a)
21.46%
(a)
28.86%
(a)
2003
2004
2005
Efficiency Ratio
U.S. Thrifts
(b)
N.Y. State Thrifts
(b)
NYB
(a)
Operating efficiency ratio.  Please see page 26 for a reconciliation of our GAAP and operating efficiency ratios.
(b)
SNL DataSource
We consistently rank among the most efficient bank holding companies in
the nation.

8
Strengthening Our Balance Sheet
We have significantly enhanced our asset and liability mix since
repositioning the balance sheet in 2Q 2004.
53.5%
$12.1
$  5.6
Total securities
20.7
10.0
12.1
Total deposits
18.1
11.9
9.7
Wholesale borrowings
64.9
7.8
12.9
Multi-family loans
56.0
10.9
17.0
Total loans
% Change
3/31/04
12/31/05
(dollars in billions)

9
We are a well capitalized institution.
15.28
Tier 1 risk-based capital ratio
8.69%
Leverage  capital ratio
14.79
(c)
Tier 1 risk-based capital ratio
8.27
(c)
Leverage capital ratio
5.41%
(a)(b)
Tangible stockholders’
equity/tangible assets,
excluding the net unrealized loss on securities
$1.3 bn
(a)
Tangible stockholders’
equity
15.87
Total risk-based capital ratio
New York Community Bank Capital Measures:
16.10
(c)
Total risk-based capital ratio
Company Capital Measures:
12/31/05
Exceeding Our Historical Capital Levels
(a)
Please see page 26 for a reconciliation of our stockholders’
equity and tangible stockholders’
equity and of our assets and tangible assets.
(b)
Including the net unrealized loss on securities, our tangible stockholders’
equity
equaled 5.19% of tangible assets.
(c)
Company capital ratios as of 9/30/05

10
Increasing Loans and Reducing Securities
We have been deploying the cash flows from securities into loan production.
(in millions)
$10,919
$13,396
$17,027
$18,350
$12,119
$7,081
$5,637
$5,672
(c)
Loans
Securities
45.7%
41.2%
% of Total Assets:
3/31/04
12/31/04
12/31/05
29.5%
55.7%
21.4%
64.8%
20.3%
65.8%
Pro Forma
(a)(b)
(a)
Pro forma for the acquisition of ABNY
(b)
ABNY data as of 9/30/05
(c)
Reflects the planned reduction of securities totaling $1.3 billion.

11
$11,869
$9,335
$9,717
$10,027
$10,402
$12,105
$13,929
$9,189
(c)
3/31/04
12/31/04
12/31/05
Pro Forma
Increasing Deposits
We have been expanding and diversifying our deposit base.
(in millions)
Deposits
Wholesale Borrowings
(a)
Pro forma for the acquisition of ABNY
(b)
ABNY data as of 9/30/05
(c)
Reflects the planned reduction of wholesale borrowings totaling $1.3 billion.
(a)(b)

12
Convenience
96% of deposits have branch access
68 or more hours per week
27% of deposits have branch access
80 hours per week
Increasing Deposits
We have grown deposits organically by emphasizing convenience, service,
selection, and community involvement.
Service
24-hour on-line banking
24-hour bank-by-phone
24-hour ATM access at 149 locations
Premier Banking Services available
24/7
Extensive Product Selection
Traditional banking products
Card services
Alternative investment products
Loan services
Community Involvement
Foundation grants
Board service
Preservation of brand equity

13
Expanding Through M&A
New York Community Bancorp, Inc.
New York Community Bank
Queens County
Savings Bank
Richmond County
Savings Bank
Roosevelt
Savings Bank
Roslyn
Savings Bank
CFS
Bank
Ironbound
Bank
First Savings Bank
of New Jersey
New York Commercial Bank
Atlantic Bank
of New York
We now have two bank subsidiaries –
New York Community Bank and
New York Commercial Bank.

14
Our new commercial banking platform complements our traditional
community banking platform.
Checking/Savings
Money Market Accounts
CDs
IRAs
Smart Student Banking
Insurance
Annuities
Mutual Funds
Card
Services
(debit,
credit,
reloadable
&
single-purpose)
Ability to pay bills and open new accounts
online
24/7 automated phone service
1-4 Family Loans/HELOCs
Auto / Student / Personal Loans
Multi-family Loans
Construction Loans
Checking/Savings
Business CDs
Payroll Processing
$afePay
Card
Employee Banking/Employee Retirement
Insurance Premium Financing
Health Service Accounts
Cash Management
Online bill paying service
Lockbox Services
E-statements
Expedited check clearance and availability
of
funds
Equipment Leasing
C&I/CRE Loans
Multi-family Loans
Construction Loans
New York Community Bancorp, Inc.
New York Commercial Bank
New York Community Bank
Expanding Through M&A

15
Our commercial bank subsidiary will be expanded with the acquisition of
Atlantic Bank of New York.
Expanding Through M&A
532
1,453
1,824
1,335
1,323
$2,917
Atlantic Bank of
New York
9/30/05
(a)
100
347
426
235
253
$609
Long Island
Commercial Bank
12/31/05
Demand deposits
Core deposits
Total deposits
Total securities
Total loans
Assets
(in millions)
(a)
These
amounts
do
not
reflect
the
planned
reduction
of
securities
totaling
$1.3
billion.

16
(a)
Includes 47 in-store branches and 3 customer convenience centers.
(b)
Includes 17 branches to be acquired in the ABNY transaction.
Expanding Through M&A
We expect to have 168 branches serving the New York Metro region
upon
completion of the ABNY acquisition.
Queens
Staten Island
Brooklyn
Manhattan
The Bronx
Long Island
Westchester
New Jersey
Total
34
23
8
1
2
59
4
8
139
5
--
3
5
--
12
4
--
29
39
23
11
6
2
71
8
8
168
Total
(a)
New York Community Bank
New York Commercial Bank
(a)(b)
(b)

17
Expanding Through M&A
Like the LICB acquisition, the acquisition of ABNY is expected to enhance
our earnings, our asset mix, and our deposit growth.
Immediately accretive to GAAP and cash earnings
Enhances our asset mix with C&I loans to small and
mid-size businesses
Cash flows from securities will fund loan production
and pay down highest cost sources of funds
Provides an established commercial banking platform
Adds commercial lending expertise to NYB
management team
Diversifies our depositor/borrower base
Accelerates our commercial deposit growth initiatives
Expands our geographic footprint
Enhances our interest rate risk profile by replacing
highest cost funding with lower cost core deposits
-
Core deposits/total deposits
-
Non-interest-bearing/total deposits
81%
(a)
23%
(a)
LICB
ABNY
80%
(b)
29%
(b)
(a)
Percentage as of 12/31/05
(b)
Percentage as of 9/30/05

18
Expanding Through M&A
$1,946
$1,690
$2,150
$995
$3,131
$3,557
$4,174
$5,131
$12,853
$9,839
$7,368
$4,494
$3,255
$1,348
$13,219
$263
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
Pro Forma
(in millions)
Multi-family Loans Outstanding
All Other Loans Outstanding
(a)
Excludes net deferred loan origination fees and costs
(b)
Pro forma for the acquisition of ABNY
(c)
ABNY data as of 9/30/05
$5,405
$5,489
$10,499
Loans
Outstanding
(a)
Total Loans:
Multi-family loans:  46.3% CAGR
Total loans:  50.0% CAGR
$13,396
$17,027
$18,350
$3,636
$1,611
Acquisitions have contributed to our loan growth over the past six years…
w/ HAVN
w/ RCBK
w/ RSLN
w/ ABNY
w/ LICB
(b)(c)

19
Expanding Through M&A
…and have significantly bolstered our deposit growth.
$658
$1,874
$2,408
$1,949
$4,362
$3,752
$5,247
$5,618
$378
$1,212
$2,588
$2,842
$5,247
$5,911
$6,012
$6,933
$720
$739
$846
$1,378
$40
$171
$455
$465
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
Pro Forma
(a)
Pro forma for the acquisition of ABNY
(b)
ABNY data as of 9/30/05
$3,257
$5,450
$5,256
$1,076
Total Deposits:
$10,329
$10,402
$12,105
$13,929
(a)(b)
Total deposits:  53.2% CAGR
Core deposits:  64.6% CAGR
Demand deposits:  80.4% CAGR
CDs
NOW, MMAs, and Savings
Demand deposits
w/ HAVN
w/ RCBK
w/ RSLN
w/ ABNY
(in millions)
Deposits
w/ LICB

20
Expanding Through M&A
(a)
At 12/31/05
(b)
At 9/30/05
(c)
Reflects the planned reduction of securities totaling $1.3 billion.
$27,901
$2,917
$26,284
NYB
ABNY
Pro Forma
8%
92%
Commercial
Banking
Business
Assets
(dollars in millions)
$6,858
$1,453
$8,311
NYB
ABNY
Pro Forma
Core Deposits
Commercial
Banking
Business
(c)
The ABNY acquisition will further accelerate our balance sheet repositioning.
22%
78%
(a)
(b)
(a)
(b)
(c)

21
$0.06
$0.10
$0.17
$0.25
$0.25
$0.30
$0.43
$0.66
$0.96
$1.00
$1.00
$0.017
$0.011
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Annual Dividend
(a)
(a)
Adjusted to reflect nine stock splits
(b)
2H 1994 dividends, annualized
(c)
1Q 2006 dividend, annualized
Maintaining a Strong Dividend
We are committed to maintaining a strong dividend.
Since
1994,
we
have
increased
our
dividend
89-fold.
During
this
time,
our
charter
shareholders
have
received
2,598
additional
shares
for
every
100
shares
originally
held,
reflecting
six
3-for-2
stock
splits
in
the
form
of
a
50%
stock
dividend
and
three
4-for-3
stock
splits
in
the
form
of
a
33-1/3%
stock
dividend.
(b)
(c)

22
We are focused on the future.
2006 Goals:
Complete the acquisition of ABNY
Integrate
the systems of LICB and ABNY
Augment
the
New
York
Community
Bank
and
New
York
Commercial
Bank
franchises
Enhance the Company's asset mix with commercial loans to small and mid-size
businesses while expanding our multi-family lending niche
Maintain the quality of our assets
Further reduce the securities portfolio
Bring the Company's deposit mix more in line with that of a commercial bank
Improve the Company's net interest margin by replacing
highest cost funding
with
lower cost sources of funds
Maintain our efficiency
Maintain a strong capital position
Maintain the dividend

23
2006 Goals
The following factors are expected to contribute to margin stabilization in
2006:
The acquisition of LICB:
-
Added
$347
million
of
low-cost
core
deposits,
including
$100
million
of
non-interest-
bearing accounts at 12/31/05
The acquisition of Atlantic Bank:
-
Will
add
approximately
$1.5
billion
of
low-cost
core
deposits,
including
approximately
$532 million of non-interest-bearing accounts
-
Low-yielding
securities
to
be
transitioned
into
higher-yielding
loans
post-merger
-
Their
net
interest
margin
of
3.37%
exceeded
our
4Q
05
net
interest
margin by 100 bp
The restructuring of our borrowings:
-
Extended approximately $1 billion of wholesale borrowings in December & January to
an average call date of 2.5 years, with an average cost of 3.99%
-
Restructured borrowings through FHLB-NY’s new Blend & Extend program
The structure of our multi-family loan portfolio:
-
Expected weighted average life of 3.3 years at 12/31/05
-
Largest
volume
of
refinanceable
loans
in
our
history

24
Loan Growth
Total loans
Multi-family loans
Deposit Growth
Total deposits
Core deposits
Demand deposits
50.0%
46.3
53.2
64.6
80.4
(a)
12/31/99 –
12/31/05 (pro forma for the acquisition of ABNY)
CAGR
(a)
We are focused on the future.
We look forward to extending our record of loan and deposit growth in 2006.

25
Log onto our web site:  www.myNYCB.com
E-mail requests to:  ir@myNYCB.com
Call Investor Relations at:  (516) 683-4420
Write to:
New York Community Bancorp, Inc.
615 Merrick Avenue
Westbury, NY  11590
For More Information
The Company trades on the NYSE under the symbol “NYB”.
2/1/2006

26
Reconciliation of GAAP and Non-GAAP Measures
The
following
table
presents
a
reconciliation
of
the
Company’s
GAAP
and
operating
efficiency
ratios
for
the
years
ended
December
31,
2003,
2004, and 2005:
(dollars in thousands)
Non-interest income:
Loss on other-than-temporary impairment
Balance sheet repositioning charge
Gain on sale of branches
Total non-interest income
Net interest income before provision for loan losses
Total non-interest income and net interest income
Operating expenses:
Merger-related charge
Total operating expenses
Efficiency ratio
$121,065
--
--
--
121,065
572,003
$693,068
$236,621
--
$236,621
34.14%
$121,065
--
--
--
121,065
572,003
$693,068
$236,621
(36,588)
$200,033
28.86%
$ (44,217)
--
--
--
(44,217)
781,257
$737,040
$193,632
--
$193,632
26.27%
$ (44,217)
8,209
157,215
--
121,207
781,257
$902,464
$193,632
--
$193,632
21.46%
$163,987
--
--
--
163,987
504,975
$668,962
$169,373
--
$169,373
25.32%
$163,987
--
--
(37,613)
126,374
504,975
$631,349
$169,373
(20,423)
$148,950
23.59%
GAAP
GAAP
GAAP
Operating
Operating
Operating
2005
2004
2003
For the Years Ended December 31,
The
following
table
presents
a
reconciliation
of
the
Company's
stockholders'
equity
and
tangible
stockholders'
equity
and
of
its
assets
and
tangible assets at December 31, 2005:
(in thousands)
Total stockholders’
equity
Less:  Goodwill
Core deposit intangibles
Tangible stockholders’
equity
Total assets
Less:  Goodwill
Core deposit intangibles
Tangible assets
$  3,324,877
(1,980,689)
(86,533)
$  1,257,655
$26,283,705
(1,980,689)
(86,533)
$24,216,483
December 31, 2005