Bank of Richmondville in Richmondville, New York (NY)



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Bank of Richmondville routing number info

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Bank of Richmondville
GeneralFDIC Certificate #: 12956
Status: Active
Federal Reserve ID: 767611
Date Established: December 08, 1893
WWW: http://www.bankrich.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)37
Total assets$122,855
Cash and due from depository institutions$9,724
Interest-bearing balances$4,045
Securities$35,419
Federal funds sold & reverse repurchase agreements$1,138
Net loans & leases$74,204
Loan loss allowance $1,271
Trading account assets$0
Bank premises and fixed assets$1,186
Other real estate owned$110
Goodwill and other intangibles$0
All other assets$1,074
Life insurance assets$122,855
Total liabilities and capital$107,736
Total liabilities$106,895
Total deposits$92,372
Interest-bearing deposits$106,895
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $841
All other liabilities $15,119
Total equity capital$15,119
Total bank equity capital$15,119
Perpetual preferred stock$0
Common stock$181
Surplus$143
Undivided profits $14,795
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,332
Earning assets $0
Long-term assets (5+ years) $445
Average Assets, year-to-date $114,806
Average Assets, quarterly $47,755
Volatile liabilities $121,222
Insider loans $122,985
FHLB advances $62,197
Loans and leases held for sale $126,964
Unused loan commitments $110
Tier 1 (core) risk-based capital $110
Tier 2 risk-based capital $14,614
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,152
Derivatives$477
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,883
Total interest expense $622
Net interest income $4,261
Provision for loan and lease losses $252
Total noninterest income $653
Fiduciary activities $0
Service charges on deposit accounts $418
Trading account gains & fees $0
Additional noninterest income $235
Total noninterest expense $3,717
Salaries and employee benefits $2,125
Premises and equipment expense $414
Additional noninterest expense $1,178
Pre-tax net operating income $945
Securities gains (losses) $33
Applicable income taxes $154
Income before extraordinary items $824
Extraordinary gains - net $0
Net income attributable to bank $824
Net charge-offs $0
Cash dividends $824
Sale, conversion, retirement of capital stock, net $181
Net operating income $365
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.36%
Cost of funding earning assets 0.55%
Net interest margin 3.80%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.32%
Net operating income to assets 0.66%
Return on assets (ROA) 0.68%
Pretax return on assets 0.81%
Return on equity (ROE) 5.61%
Retained earnings to average equity (YTD only) 3.12%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 139.23%
Efficiency ratio6.61%
Assets per employee$75,641
Cash dividends to net income (YTD only)3.32%
Condition Ratios (%)
Loss allowance to loans 44.30%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 95.42%
Noncurrent loans to loans 1.17%
Net loans and leases to deposits1.76%
Net loans and leases to core deposits 69.42%
Equity capital to assets 73.08%
Core capital (leverage) ratio 12.31%
Tier 1 risk-based capital ratio 11.51%
Total risk-based capital ratio 23.50%
Memoranda
Average assets$25
Average earning assets$121,222
Average equity $14,698
Average loans $112,107
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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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