Ballston Spa National Bank in Ballston Spa, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Ballston Spa National Bank - Overview

  • General
  • FDIC Certificate #: 6959
    Status: Active
    Federal Reserve ID: 505
    Bank Holding Company (Regulatory Top Holder): Ballston Spa Bancorp, Inc. (RSSDID: 1048728, Location: Ballston Spa, NY)
    Date Established: January 01, 1838
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13519
    FDIC's unique #: 4666
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 87 Front Street, Ballston Spa, NY 12020
    County: Saratoga
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $387.6 mil
    Equity capital: $30.3 mil
    Deposits held in domestic offices: $308.6 mil
    Return on assets (ROA): 0.58% ($2.3 mil)
    Quarterly return on assets: 0.40% ($1.6 mil)
    Return on Equity (ROE): 7.73% ($2.3 mil)
    Quarterly return on equity: 5.17% ($1.6 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.75% ($2,906.8 mil)
    Quarterly Pretax return on assets: 0.43% ($1,666.5 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
  • 112Total employees (full-time equivalent)
  • $387,568Total assets
  • $52,461Cash and due from depository institutions
  • $51,029Interest-bearing balances
  • $73,707Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $234,585Net loans & leases
  • $3,902Loan loss allowance
  • $0Trading account assets
  • $10,833Bank premises and fixed assets
  • $346Other real estate owned
  • $1,728Goodwill and other intangibles
  • $387,568Life insurance assets
  • $13,908All other assets
  • $357,239Total liabilities and capital
  • $308,565Total liabilities
  • $264,132Total deposits
  • $308,565Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $45,500Trading liabilities
  • $0Other borrowed funds
  • $3,174Subordinated debt
  • $30,329All other liabilities
  • $30,277Total equity capital
  • $30,277Total bank equity capital
  • $0Perpetual preferred stock
  • $6,480Common stock
  • $10,653Surplus
  • $13,144Undivided profits
  • Memoranda
  • $52Noncurrent loans and leases
  • $1,572Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,208Income earned, not collected on loans
  • $535Earning assets
  • $1,266Long-term assets (5+ years)
  • $359,321Average Assets, year-to-date
  • $169,724Average Assets, quarterly
  • $396,546Volatile liabilities
  • $396,706Insider loans
  • $229,010FHLB advances
  • $400,646Loans and leases held for sale
  • $4,033Unused loan commitments
  • $4,033Tier 1 (core) risk-based capital
  • $30,634Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,457Restructured Loans and leases
  • $1,474Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,527Total interest income
  • $3,092Total interest expense
  • $12,435Net interest income
  • $682Provision for loan and lease losses
  • $2,210Total noninterest income
  • $680Fiduciary activities
  • $546Service charges on deposit accounts
  • $0Trading account gains & fees
  • $984Additional noninterest income
  • $11,070Total noninterest expense
  • $6,687Salaries and employee benefits
  • $1,123Premises and equipment expense
  • $3,260Additional noninterest expense
  • $2,893Pre-tax net operating income
  • $92Securities gains (losses)
  • $669Applicable income taxes
  • $2,316Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,316Net income attributable to bank
  • $0Net charge-offs
  • $2,316Cash dividends
  • $1,375Sale, conversion, retirement of capital stock, net
  • $1,059Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.15%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 7.73%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 49.60%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 75,589Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.73%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 47.54%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 3.44%Net loans and leases to deposits
  • 76.02%Net loans and leases to core deposits
  • 78.33%Equity capital to assets
  • 7.81%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $396,546Average earning assets
  • $29,969Average equity
  • $373,857Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $75,730Managed Assets
  • 1Number of Accounts
  • $73,491Personal trust and agency accounts
  • $28,046Employee benefit-defined contribution accounts
  • $340Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $12,509Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $32,596Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 232Number of Accounts
  • $0Personal trust and agency accounts
  • $12,509Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,239Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,947Other fiduciary accounts
  • $125Fiduciary accounts held in foreign offices

List of branches

  • 10 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04666Ballston Spa National Bank87 Front Street, Ballston Spa, NY 12020January 01, 1838Full Service Brick and Mortar
    1213191Burnt Hills Branch770 Saratoga Road, Burnt Hills, NY 12027Febuary 14, 1959Full Service Brick and Mortar
    2213192Milton Crest Branch344 Rowland Street, Milton, NY 12020December 04, 1971Full Service Brick and Mortar
    3213193Galway Branch5091 Sacandaga Road, Galway, NY 12074April 27, 1974Full Service Brick and Mortar
    4213194Malta Branch124 Dunning Street, Malta, NY 12020August 17, 1974Full Service Brick and Mortar
    5213195Greenfield Center Branch3060 Route 9n, Greenfield Center, NY 12833November 16, 1991Full Service Brick and Mortar
    6213196Stillwater Branch428 Hudson Ave, Stillwater, NY 12170October 02, 1993Full Service Brick and Mortar
    7182476Clifton Park Branch256 Ushers Road, Clifton Park, NY 12065May 28, 1987Full Service Brick and Mortar
    10213199Wilton OfficeRoute 9, Wilton, NY 12866January 10, 2000Full Service Brick and Mortar
    11528160Corporate Office Branch990 State Route 67, Ballston Spa, NY 12020October 05, 2011Limited Service Administrative

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