Bank of Richmondville in Richmondville, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Richmondville - Overview

  • General
  • FDIC Certificate #: 12956
    Status: Active
    Federal Reserve ID: 767611
    Date Established: December 08, 1893
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13972
    FDIC's unique #: 8189
    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
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    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: 5 East Main Street, Richmondville, NY 12149
    County: Schoharie
    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: $122.9 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $106.9 mil
    Return on assets (ROA): 0.68% ($0.8 mil)
    Quarterly return on assets: 0.57% ($0.7 mil)
    Return on Equity (ROE): 5.61% ($0.8 mil)
    Quarterly return on equity: 4.61% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.81% ($995.1 mil)
    Quarterly Pretax return on assets: 0.85% ($1,044.3 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
  • 37Total employees (full-time equivalent)
  • $122,855Total assets
  • $9,724Cash and due from depository institutions
  • $4,045Interest-bearing balances
  • $35,419Securities
  • $1,138Federal funds sold & reverse repurchase agreements
  • $74,204Net loans & leases
  • $1,271Loan loss allowance
  • $0Trading account assets
  • $1,186Bank premises and fixed assets
  • $110Other real estate owned
  • $0Goodwill and other intangibles
  • $122,855Life insurance assets
  • $1,074All other assets
  • $107,736Total liabilities and capital
  • $106,895Total liabilities
  • $92,372Total deposits
  • $106,895Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $841Subordinated debt
  • $15,119All other liabilities
  • $15,119Total equity capital
  • $15,119Total bank equity capital
  • $0Perpetual preferred stock
  • $181Common stock
  • $143Surplus
  • $14,795Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,332Income earned, not collected on loans
  • $0Earning assets
  • $445Long-term assets (5+ years)
  • $114,806Average Assets, year-to-date
  • $47,755Average Assets, quarterly
  • $121,222Volatile liabilities
  • $122,985Insider loans
  • $62,197FHLB advances
  • $126,964Loans and leases held for sale
  • $110Unused loan commitments
  • $110Tier 1 (core) risk-based capital
  • $14,614Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,152Restructured Loans and leases
  • $477Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,883Total interest income
  • $622Total interest expense
  • $4,261Net interest income
  • $252Provision for loan and lease losses
  • $653Total noninterest income
  • $0Fiduciary activities
  • $418Service charges on deposit accounts
  • $0Trading account gains & fees
  • $235Additional noninterest income
  • $3,717Total noninterest expense
  • $2,125Salaries and employee benefits
  • $414Premises and equipment expense
  • $1,178Additional noninterest expense
  • $945Pre-tax net operating income
  • $33Securities gains (losses)
  • $154Applicable income taxes
  • $824Income before extraordinary items
  • $0Extraordinary gains - net
  • $824Net income attributable to bank
  • $0Net charge-offs
  • $824Cash dividends
  • $181Sale, conversion, retirement of capital stock, net
  • $365Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 5.61%Return on equity (ROE)
  • 3.12%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 139.23%Credit loss provision to net charge-offs
  • 6.61%Efficiency ratio
  • 75,641Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.30%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 95.42%Noncurrent assets plus other real estate owned to assets
  • 1.17%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 69.42%Net loans and leases to core deposits
  • 73.08%Equity capital to assets
  • 12.31%Core capital (leverage) ratio
  • 11.51%Tier 1 risk-based capital ratio
  • 23.50%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $121,222Average earning assets
  • $14,698Average equity
  • $112,107Average loans

List of branches

  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08189Bank Of Richmondville5 East Main Street, Richmondville, NY 12149December 08, 1893Full Service Brick and Mortar
    1228607Cobleskill BranchEast Main Street, Cobleskill, NY 12043September 08, 1982Full Service Brick and Mortar
    2228608Schoharie OfficeNorth Main Street, Schoharie, NY 12157October 19, 1998Full Service Brick and Mortar

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