Ellenville National Bank in Ellenville, New York (NY)



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Ellenville National Bank
GeneralFDIC Certificate #: 17703
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Provident Bank (#30337)
Federal Reserve ID: 751302
Date Established: December 20, 1956
WWW: http://www.enbebank.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 13815
FDIC's unique #: 11663
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: December 20, 1956
Last Structure Change Effective Date: January 14, 2004
Last Structure Change Process Date: January 29, 2004
Last Data Update: January 29, 2004
Data Source Date: April 05, 2012
LocationAddress: 70 Canal Street, Ellenville, NY 12428
County: Ulster
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
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): Kingston, NY (#28740)
CBSA Metro Statistical Area: Kingston, NY (#28740)
Financial SummaryTotal assets: $361.8 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)125
Total assets$361,791
Cash and due from depository institutions$19,005
Interest-bearing balances$35
Securities$115,225
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$217,118
Loan loss allowance $2,757
Trading account assets$0
Bank premises and fixed assets$6,258
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$4,185
Life insurance assets$0
Total liabilities and capital$361,791
Total liabilities$334,037
Total deposits$326,406
Interest-bearing deposits$239,958
Deposits held in domestic offices$326,406
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $5,000
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,631
Total equity capital$27,754
Total bank equity capital$27,754
Perpetual preferred stock$27,754
Common stock$0
Surplus$400
Undivided profits $400
Memoranda
Noncurrent loans and leases $26,954
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $58,193
Income earned, not collected on loans $0
Earning assets $1,770
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,809
Average Assets, quarterly $332,378
Volatile liabilities $179,463
Insider loans $339,090
FHLB advances $359,512
Loans and leases held for sale $55,662
Unused loan commitments $1,833
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $58,193
Restructured Loans and leases $0
Derivatives$2,757
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $20,021
Total interest expense $3,889
Net interest income $16,132
Provision for loan and lease losses $620
Total noninterest income $2,412
Fiduciary activities $0
Service charges on deposit accounts $1,966
Trading account gains & fees $0
Additional noninterest income $446
Total noninterest expense $11,446
Salaries and employee benefits $7,056
Premises and equipment expense $1,748
Additional noninterest expense $2,642
Pre-tax net operating income $6,478
Securities gains (losses) $22
Applicable income taxes $2,240
Income before extraordinary items $4,260
Extraordinary gains - net $0
Net income attributable to bank $4,260
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $177
Net operating income $3,022
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.39%
Cost of funding earning assets 1.24%
Net interest margin 5.15%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 3.65%
Net operating income to assets 1.25%
Return on assets (ROA) 1.26%
Pretax return on assets 1.92%
Return on equity (ROE) 14.82%
Retained earnings to average equity (YTD only) 4.31%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 350.28%
Efficiency ratio40.10%
Assets per employee$61,723
Cash dividends to net income (YTD only)2.89%
Condition Ratios (%)
Loss allowance to loans 70.94%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 155.76%
Noncurrent loans to loans 0.49%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 66.52%
Equity capital to assets 78.74%
Core capital (leverage) ratio 7.67%
Tier 1 risk-based capital ratio 7.84%
Total risk-based capital ratio 11.33%
Memoranda
Average assets$12
Average earning assets$339,090
Average equity $28,744
Average loans $313,508
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