Bank of the Hudson in Poughkeepsie, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 26, 1999

  • Bank of the Hudson in Poughkeepsie, New York (NY)
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Bank of the Hudson - Overview

  • General
  • FDIC Certificate #: 31995
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 888712
    Date Established: December 30, 1981
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7708
    FDIC's unique #: 44829
    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: December 30, 1981
    Last Structure Change Effective Date: March 26, 1999
    Last Structure Change Process Date: April 13, 1999
    Last Data Update: April 13, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Market Street, Poughkeepsie, NY 12602
    County: Dutchess
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Dutchess County, NY (#2281)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Poughkeepsie-Newburgh-Middletown, NY (#39100)
    CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
  • Financial Summary
  • Total assets: $1,330.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 360Total employees (full-time equivalent)
  • $1,330,737Total assets
  • $37,252Cash and due from depository institutions
  • $5,904Interest-bearing balances
  • $253,268Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $943,073Net loans & leases
  • $12,870Loan loss allowance
  • $0Trading account assets
  • $18,669Bank premises and fixed assets
  • $0Other real estate owned
  • $28,861Goodwill and other intangibles
  • $0Life insurance assets
  • $49,614All other assets
  • $1,330,737Total liabilities and capital
  • $1,194,008Total liabilities
  • $1,073,438Total deposits
  • $1,073,438Interest-bearing deposits
  • $1,073,438Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $43,499Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $54,753Other borrowed funds
  • $0Subordinated debt
  • $22,318All other liabilities
  • $136,729Total equity capital
  • $136,729Total bank equity capital
  • $136,729Perpetual preferred stock
  • $0Common stock
  • $101Surplus
  • $106,833Undivided profits
  • Memoranda
  • $29,795Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,505Earning assets
  • $0Long-term assets (5+ years)
  • $5,761Average Assets, year-to-date
  • $1,202,245Average Assets, quarterly
  • $0Volatile liabilities
  • $1,501,775Insider loans
  • $1,384,267FHLB advances
  • $230,930Loans and leases held for sale
  • $596Unused loan commitments
  • $50,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $98,886Total unused commitments
  • $0Restructured Loans and leases
  • $783,063Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $108,205Total interest income
  • $51,318Total interest expense
  • $56,887Net interest income
  • $6,309Provision for loan and lease losses
  • $7,969Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,969Additional noninterest income
  • $59,513Total noninterest expense
  • $13,922Salaries and employee benefits
  • $4,829Premises and equipment expense
  • $40,762Additional noninterest expense
  • -$966Pre-tax net operating income
  • -$680Securities gains (losses)
  • $192Applicable income taxes
  • -$1,838Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,838Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,666Sale, conversion, retirement of capital stock, net
  • $9,324Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.87%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • -0.08%Net operating income to assets
  • -0.12%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -1.31%Return on equity (ROE)
  • -7.98%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 111.35%Credit loss provision to net charge-offs
  • 0.94%Efficiency ratio
  • 85,918Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -507.29%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 151.32%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 87.86%Net loans and leases to core deposits
  • 100.25%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 11.89%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,501,775Average earning assets
  • $139,790Average equity
  • $1,374,615Average loans

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