FDIC Certificate #: 15954 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hudson River Bank & Trust Company (#15968) Federal Reserve ID: 474209 Date Established: Febuary 07, 1887 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7934 FDIC's unique #: 10185 Numeric code: 43 Regulator: OTS Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: March 08, 2002 Last Structure Change Process Date: April 11, 2002 Last Data Update: April 11, 2002 Data Source Date: April 05, 2012
Location
Address: 11 Division Street, Amsterdam, NY 12010 County: Montgomery 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): Amsterdam, NY (#11220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $662.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2001)
Dollar figures in thousands
189Total employees (full-time equivalent)
$662,309Total assets
$79,334Cash and due from depository institutions
$59,849Interest-bearing balances
$74,401Securities
$15,000Federal funds sold & reverse repurchase agreements
$466,054Net loans & leases
$5,818Loan loss allowance
$0Trading account assets
$5,274Bank premises and fixed assets
$145Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$22,101All other assets
$662,311Total liabilities and capital
$602,911Total liabilities
$490,863Total deposits
$437,982Interest-bearing deposits
$490,863Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$109,264Other borrowed funds
$0Subordinated debt
$2,784All other liabilities
$59,400Total equity capital
$59,400Total bank equity capital
$59,400Perpetual preferred stock
$0Common stock
$54Surplus
$44,095Undivided profits
Memoranda
$15,251Noncurrent loans and leases
$29,172Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,300Earning assets
$0Long-term assets (5+ years)
$2,570Average Assets, year-to-date
$615,304Average Assets, quarterly
$0Volatile liabilities
$686,630Insider loans
$663,187FHLB advances
$172,400Loans and leases held for sale
$1,290Unused loan commitments
$107,529Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,172Total unused commitments
$787Restructured Loans and leases
$4,708Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$45,137Total interest income
$26,398Total interest expense
$18,739Net interest income
$555Provision for loan and lease losses
$4,899Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,899Additional noninterest income
$15,987Total noninterest expense
$8,250Salaries and employee benefits
$2,740Premises and equipment expense
$4,997Additional noninterest expense
$7,096Pre-tax net operating income
$185Securities gains (losses)
$2,593Applicable income taxes
$4,688Income before extraordinary items
$0Extraordinary gains - net
$4,688Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$482Sale, conversion, retirement of capital stock, net
$10,005Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.04%Yield on earning assets
4.12%Cost of funding earning assets
2.92%Net interest margin
0.76%Noninterest income to earning assets
2.50%Noninterest expense to earning assets
0.67%Net operating income to assets
0.68%Return on assets (ROA)
1.06%Pretax return on assets
7.61%Return on equity (ROE)
-8.64%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
115.15%Credit loss provision to net charge-offs
15.87%Efficiency ratio
67,633Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
213.42%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
176.30%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.70%Net loans and leases to deposits
94.95%Net loans and leases to core deposits
108.96%Equity capital to assets
8.97%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
15.85%Total risk-based capital ratio
Memoranda
$17Average assets
$686,630Average earning assets
$61,572Average equity
$640,724Average loans
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