Berkshire Bank Municipal Bank in Albany, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Berkshire Bank Municipal Bank - Overview

  • General
  • FDIC Certificate #: 58097
    Status: Active
    Federal Reserve ID: 3384466
    Date Established: October 03, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 439653
    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
    Directly owned by another bank (CERT): #58097
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 03, 2005
    Last Structure Change Effective Date: Febuary 27, 2012
    Last Structure Change Process Date: Febuary 27, 2012
    Last Data Update: Febuary 27, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 41 State Street, Albany, NY 12207
    County: Albany
    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)
  • Financial Summary
  • Total assets: $43.5 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $29.4 mil
    Return on assets (ROA): 0.99% ($0.4 mil)
    Quarterly return on assets: 1.06% ($0.5 mil)
    Return on Equity (ROE): 2.60% ($0.4 mil)
    Quarterly return on equity: 3.34% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.99% ($430.4 mil)
    Quarterly Pretax return on assets: 1.06% ($460.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $43,479Total assets
  • $2,107Cash and due from depository institutions
  • $0Interest-bearing balances
  • $34,297Securities
  • $6,968Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $43,479Life insurance assets
  • $107All other assets
  • $29,551Total liabilities and capital
  • $29,388Total liabilities
  • $29,279Total deposits
  • $29,388Interest-bearing deposits
  • $28Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $163Subordinated debt
  • $13,928All other liabilities
  • $13,928Total equity capital
  • $13,928Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $11,840Surplus
  • $1,088Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $93Long-term assets (5+ years)
  • $41,265Average Assets, year-to-date
  • $23,365Average Assets, quarterly
  • $36,141Volatile liabilities
  • $43,816Insider loans
  • $8,450FHLB advances
  • $43,264Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,641Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $645Total interest income
  • $148Total interest expense
  • $497Net interest income
  • $0Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $141Total noninterest expense
  • $0Salaries and employee benefits
  • $6Premises and equipment expense
  • $135Additional noninterest expense
  • $356Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $356Income before extraordinary items
  • $0Extraordinary gains - net
  • $356Net income attributable to bank
  • $0Net charge-offs
  • $356Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.90%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 1.46%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 0.42%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 2.60%Return on equity (ROE)
  • 2.60%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 28,370Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 32.03%Core capital (leverage) ratio
  • 31.53%Tier 1 risk-based capital ratio
  • 161.43%Total risk-based capital ratio
  • Memoranda
  • $161Average assets
  • $36,141Average earning assets
  • $13,694Average equity
  • $33,935Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439653Berkshire Bank Municipal Bank41 State Street, Albany, NY 12207October 03, 2005Full Service Brick and Mortar

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