Harry Doherty, the chief executive of Staten Island Savings Bank, has always described himself as the CEO of a plain-vanilla thrift.

Staten Island, which opened in 1964, is now a $1.4 billion-asset institution with 14 branches, all in Staten Island. Sixty-six percent of the institution's deposits are still in passbook savings. The assets are predominantly one- to four-family mortgages. And there is a little bit of commercial real estate on the books. With 325 full-time employees and an equity capital ratio over 9%, the company has achieved returns of 1.2% on assets and 13.8% on equity. As Harry says: plain vanilla.

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