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

This bank is inactive as of May 28, 1999

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

  • General
  • FDIC Certificate #: 34525
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Charter One Bank, National Association (#28932)
    Federal Reserve ID: 2613347
    Date Established: October 10, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 37 (Interstate: No)
    OTS Docket #: 15808
    FDIC's unique #: 59032
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 10, 1997
    Last Structure Change Effective Date: May 28, 1999
    Last Structure Change Process Date: June 25, 1999
    Last Data Update: June 25, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 56 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)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $794.7 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
  • 228Total employees (full-time equivalent)
  • $711,574Total assets
  • $12,453Cash and due from depository institutions
  • $1,704Interest-bearing balances
  • $267,176Securities
  • $300,308Federal funds sold & reverse repurchase agreements
  • $80,790Net loans & leases
  • $1,683Loan loss allowance
  • $0Trading account assets
  • $7,990Bank premises and fixed assets
  • $0Other real estate owned
  • $39,080Goodwill and other intangibles
  • $0Life insurance assets
  • $3,777All other assets
  • $711,574Total liabilities and capital
  • $632,116Total liabilities
  • $604,712Total deposits
  • $533,447Interest-bearing deposits
  • $604,712Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,441Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,963All other liabilities
  • $79,458Total equity capital
  • $79,458Total bank equity capital
  • $79,458Perpetual preferred stock
  • $0Common stock
  • $25,000Surplus
  • $50,480Undivided profits
  • Memoranda
  • $3,978Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,539Earning assets
  • $0Long-term assets (5+ years)
  • $556Average Assets, year-to-date
  • $649,978Average Assets, quarterly
  • $189,132Volatile liabilities
  • $659,432Insider loans
  • $698,701FHLB advances
  • $169,327Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,434Total unused commitments
  • $0Restructured Loans and leases
  • $280,053Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $38,568Total interest income
  • $22,231Total interest expense
  • $16,337Net interest income
  • $450Provision for loan and lease losses
  • $5,504Total noninterest income
  • $0Fiduciary activities
  • $2,979Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,525Additional noninterest income
  • $17,774Total noninterest expense
  • $7,126Salaries and employee benefits
  • $2,154Premises and equipment expense
  • $8,494Additional noninterest expense
  • $3,617Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,458Applicable income taxes
  • $2,159Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,159Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $683Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.62%Yield on earning assets
  • 3.81%Cost of funding earning assets
  • 2.80%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 2.91%Return on equity (ROE)
  • 2.91%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 65.89%Credit loss provision to net charge-offs
  • 5.95%Efficiency ratio
  • 68,555Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 109.36%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 13.36%Net loans and leases to core deposits
  • 17.53%Equity capital to assets
  • 11.17%Core capital (leverage) ratio
  • 5.92%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $659,432Average earning assets
  • $74,147Average equity
  • $583,000Average loans

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