FDIC Certificate #: 58097 Status: Active Federal Reserve ID: 3384466 Date Established: October 03, 2005 WWW:http://www.berkshirebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 439653 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Directly owned by another bank (CERT):#58097 Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: October 03, 2005 Last Structure Change Effective Date: Febuary 27, 2012 Last Structure Change Process Date: Febuary 27, 2012 Last Data Update: Febuary 27, 2012 Data Source Date: April 05, 2012
Location
Address: 41 State Street, Albany, NY 12207 County: Albany 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): 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: $43.5 mil Equity capital: $13.9 mil Deposits held in domestic offices: $29.4 mil Return on assets (ROA): 0.99% ($0.4 mil) Quarterly return on assets: 1.06% ($0.5 mil) Return on Equity (ROE): 2.60% ($0.4 mil) Quarterly return on equity: 3.34% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.99% ($430.4 mil) Quarterly Pretax return on assets: 1.06% ($460.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
0Total employees (full-time equivalent)
$43,479Total assets
$2,107Cash and due from depository institutions
$0Interest-bearing balances
$34,297Securities
$6,968Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$43,479Life insurance assets
$107All other assets
$29,551Total liabilities and capital
$29,388Total liabilities
$29,279Total deposits
$29,388Interest-bearing deposits
$28Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$163Subordinated debt
$13,928All other liabilities
$13,928Total equity capital
$13,928Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$11,840Surplus
$1,088Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$93Long-term assets (5+ years)
$41,265Average Assets, year-to-date
$23,365Average Assets, quarterly
$36,141Volatile liabilities
$43,816Insider loans
$8,450FHLB advances
$43,264Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,641Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$645Total interest income
$148Total interest expense
$497Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$141Total noninterest expense
$0Salaries and employee benefits
$6Premises and equipment expense
$135Additional noninterest expense
$356Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$356Income before extraordinary items
$0Extraordinary gains - net
$356Net income attributable to bank
$0Net charge-offs
$356Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.90%Yield on earning assets
0.44%Cost of funding earning assets
1.46%Net interest margin
0.00%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
0.99%Pretax return on assets
2.60%Return on equity (ROE)
2.60%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
28,370Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
32.03%Core capital (leverage) ratio
31.53%Tier 1 risk-based capital ratio
161.43%Total risk-based capital ratio
Memoranda
$161Average assets
$36,141Average earning assets
$13,694Average equity
$33,935Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
439653
Berkshire Bank Municipal Bank
41 State Street, Albany, NY 12207
October 03, 2005
Full Service Brick and Mortar
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