Walden Savings Bank in Montgomery, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Walden Savings Bank in Montgomery, New York (NY)
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Walden Savings Bank - Overview

  • General
  • FDIC Certificate #: 15987
    Status: Active
    Federal Reserve ID: 341310
    Date Established: April 01, 1872
    WWW: http://www.waldensavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 18043
    FDIC's unique #: 10218
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 Scotts Corners Drive, Montgomery, NY 12549
    County: Orange
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Newburgh, NY-PA (#5660)
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $410.7 mil
    Equity capital: $36.2 mil
    Deposits held in domestic offices: $368.1 mil
    Return on assets (ROA): 0.66% ($2.7 mil)
    Quarterly return on assets: 0.54% ($2.2 mil)
    Return on Equity (ROE): 7.76% ($2.8 mil)
    Quarterly return on equity: 6.19% ($2.2 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.82% ($3,367.4 mil)
    Quarterly Pretax return on assets: 0.80% ($3,285.3 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, 2011)

  • Dollar figures in thousands
  • 136Total employees (full-time equivalent)
  • $410,662Total assets
  • $23,042Cash and due from depository institutions
  • $13,955Interest-bearing balances
  • $45,666Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $312,023Net loans & leases
  • $3,012Loan loss allowance
  • $0Trading account assets
  • $15,297Bank premises and fixed assets
  • $3,190Other real estate owned
  • $606Goodwill and other intangibles
  • $410,662Life insurance assets
  • $10,838All other assets
  • $374,509Total liabilities and capital
  • $368,087Total liabilities
  • $350,114Total deposits
  • $368,087Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,966Trading liabilities
  • $0Other borrowed funds
  • $3,456Subordinated debt
  • $36,153All other liabilities
  • $36,153Total equity capital
  • $36,153Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $36,153Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,617Income earned, not collected on loans
  • $0Earning assets
  • $1,372Long-term assets (5+ years)
  • $371,644Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $406,966Volatile liabilities
  • $411,715Insider loans
  • $285,993FHLB advances
  • $409,843Loans and leases held for sale
  • $5,315Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,334Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,039Restructured Loans and leases
  • $2,484Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,404Total interest income
  • $2,265Total interest expense
  • $16,139Net interest income
  • $2,231Provision for loan and lease losses
  • $4,507Total noninterest income
  • $0Fiduciary activities
  • $1,408Service charges on deposit accounts
  • -$10Trading account gains & fees
  • $3,109Additional noninterest income
  • $15,069Total noninterest expense
  • $8,946Salaries and employee benefits
  • $2,158Premises and equipment expense
  • $3,965Additional noninterest expense
  • $3,346Pre-tax net operating income
  • $0Securities gains (losses)
  • $657Applicable income taxes
  • $2,689Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,689Net income attributable to bank
  • $0Net charge-offs
  • $2,689Cash dividends
  • $2,240Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.36%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 7.76%Return on equity (ROE)
  • 7.76%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 99.60%Credit loss provision to net charge-offs
  • 2.49%Efficiency ratio
  • 72,988Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 31.32%Noncurrent assets plus other real estate owned to assets
  • 2.81%Noncurrent loans to loans
  • 3.05%Net loans and leases to deposits
  • 84.77%Net loans and leases to core deposits
  • 86.09%Equity capital to assets
  • 8.80%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 12.35%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $406,966Average earning assets
  • $34,635Average equity
  • $370,038Average loans

List of branches

  • 11 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    010218Walden Savings Bank15 Scotts Corners Drive, Montgomery, NY 12549April 01, 1872Full Service Brick and Mortar
    1236391Washingtonville Branch127 East Main Street, Washingtonville, NY 10992April 30, 1973Full Service Brick and Mortar
    2236392Montgomery Branch99 Clinton Street, Montgomery, NY 12549December 15, 1975Full Service Brick and Mortar
    3236393Cornwall Branch321 Hudson Street, Cornwall On The Hudson, NY 12520June 17, 1976Full Service Brick and Mortar
    4236394Pine Bush Branch50 Boniface Drive, Pine Bush, NY 12566March 10, 1990Full Service Brick and Mortar
    6236396Gardiner Branch2356 State Route 44/55, Gardiner, NY 12525Febuary 02, 1998Full Service Brick and Mortar
    7236397New Windsor Branch213 Quassaick Avenue, New Windsor, NY 12553July 15, 1999Full Service Brick and Mortar
    9419618Walden Branch2 Bank Street, Walden, NY 12586December 05, 2002Full Service Brick and Mortar
    10474335Circleville Branch2108 Route 302, Circleville, NY 10919May 30, 2007Full Service Brick and Mortar
    11477858Middlehope Branch5239 Route 9w North, Newburgh, NY 12550August 27, 2007Full Service Brick and Mortar
    12521527Florida Branch95 N Main St, Florida, NY 10921June 30, 2011Full Service Brick and Mortar

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