ALBANK, FSB in Albany, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1998

  • ALBANK, FSB in Albany, New York (NY)
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ALBANK, FSB - Overview

  • General
  • FDIC Certificate #: 32106
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Charter One Bank, National Association (#28932)
    Federal Reserve ID: 451602
    Date Established: July 01, 1982
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7860
    FDIC's unique #: 44940
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 01, 1982
    Last Structure Change Effective Date: November 30, 1998
    Last Structure Change Process Date: Febuary 18, 1999
    Last Data Update: Febuary 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 North Pearl Street, Albany, NY 12207
    County: Albany
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Albany-Schenectady-Troy, NY (#160)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580)
    CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
  • Financial Summary
  • Total assets: $3,689.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 1,231Total employees (full-time equivalent)
  • $3,764,541Total assets
  • $49,916Cash and due from depository institutions
  • $158Interest-bearing balances
  • $769,724Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,774,883Net loans & leases
  • $27,131Loan loss allowance
  • $0Trading account assets
  • $49,030Bank premises and fixed assets
  • $3,965Other real estate owned
  • $40,554Goodwill and other intangibles
  • $0Life insurance assets
  • $76,469All other assets
  • $3,764,541Total liabilities and capital
  • $3,474,137Total liabilities
  • $3,023,302Total deposits
  • $2,859,288Interest-bearing deposits
  • $3,023,302Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $131,565Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $268,702Other borrowed funds
  • $0Subordinated debt
  • $50,568All other liabilities
  • $290,404Total equity capital
  • $290,404Total bank equity capital
  • $290,404Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $78,257Undivided profits
  • Memoranda
  • $212,146Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $31,627Earning assets
  • $0Long-term assets (5+ years)
  • $18,191Average Assets, year-to-date
  • $3,544,765Average Assets, quarterly
  • $0Volatile liabilities
  • $3,603,579Insider loans
  • $3,731,331FHLB advances
  • $767,539Loans and leases held for sale
  • $1,679Unused loan commitments
  • $67,061Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $313,726Total unused commitments
  • $0Restructured Loans and leases
  • $2,294,649Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $263,994Total interest income
  • $134,847Total interest expense
  • $129,147Net interest income
  • $7,200Provision for loan and lease losses
  • $16,702Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16,702Additional noninterest income
  • $79,570Total noninterest expense
  • $43,533Salaries and employee benefits
  • $19,050Premises and equipment expense
  • $16,987Additional noninterest expense
  • $59,079Pre-tax net operating income
  • -$32Securities gains (losses)
  • $16,253Applicable income taxes
  • $42,794Income before extraordinary items
  • $262Extraordinary gains - net
  • $43,056Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,717Sale, conversion, retirement of capital stock, net
  • $42,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.84%Yield on earning assets
  • 4.00%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 14.96%Return on equity (ROE)
  • 0.37%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 193.70%Credit loss provision to net charge-offs
  • 17.83%Efficiency ratio
  • 52,161Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.55%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 85.78%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.13%Net loans and leases to deposits
  • 91.78%Net loans and leases to core deposits
  • 104.47%Equity capital to assets
  • 7.71%Core capital (leverage) ratio
  • 6.67%Tier 1 risk-based capital ratio
  • 10.81%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $3,603,579Average earning assets
  • $287,782Average equity
  • $3,368,396Average loans

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