First National Bank of Scotia in Scotia, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


First National Bank of Scotia - Overview

  • General
  • FDIC Certificate #: 11501
    Status: Active
    Federal Reserve ID: 472616
    Bank Holding Company (Regulatory Top Holder): Glenville Bank Holding Company, Inc. (RSSDID: 3471889, Location: Scotia, NY)
    Date Established: January 01, 1923
    WWW: http://www.firstscotia.com
    Trust Powers Granted: No
    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)
    FDIC's unique #: 7349
    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: Consumer 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: 201 Mohawk Avenue, Scotia, NY 12302
    County: Schenectady
    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: $373.8 mil
    Equity capital: $25.5 mil
    Deposits held in domestic offices: $341.8 mil
    Return on assets (ROA): 0.58% ($2.2 mil)
    Quarterly return on assets: 0.67% ($2.5 mil)
    Return on Equity (ROE): 8.23% ($2.1 mil)
    Quarterly return on equity: 9.77% ($2.4 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.85% ($3,177.2 mil)
    Quarterly Pretax return on assets: 0.58% ($2,168.0 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
  • 138Total employees (full-time equivalent)
  • $373,788Total assets
  • $15,106Cash and due from depository institutions
  • $6,064Interest-bearing balances
  • $44,218Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $297,939Net loans & leases
  • $3,568Loan loss allowance
  • $0Trading account assets
  • $5,287Bank premises and fixed assets
  • $0Other real estate owned
  • $407Goodwill and other intangibles
  • $373,789Life insurance assets
  • $10,831All other assets
  • $348,311Total liabilities and capital
  • $341,762Total liabilities
  • $273,821Total deposits
  • $341,762Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,549Subordinated debt
  • $25,478All other liabilities
  • $25,478Total equity capital
  • $25,478Total bank equity capital
  • $0Perpetual preferred stock
  • $1,865Common stock
  • $4,866Surplus
  • $18,747Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $558Income earned, not collected on loans
  • $0Earning assets
  • $945Long-term assets (5+ years)
  • $348,221Average Assets, year-to-date
  • $125,105Average Assets, quarterly
  • $369,033Volatile liabilities
  • $380,437Insider loans
  • $296,125FHLB advances
  • $379,054Loans and leases held for sale
  • $428Unused loan commitments
  • $428Tier 1 (core) risk-based capital
  • $26,676Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,315Restructured Loans and leases
  • $5,367Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,676Total interest income
  • $1,080Total interest expense
  • $13,596Net interest income
  • $440Provision for loan and lease losses
  • $2,734Total noninterest income
  • $0Fiduciary activities
  • $515Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,219Additional noninterest income
  • $12,769Total noninterest expense
  • $7,798Salaries and employee benefits
  • $1,890Premises and equipment expense
  • $3,081Additional noninterest expense
  • $3,121Pre-tax net operating income
  • $3Securities gains (losses)
  • $981Applicable income taxes
  • $2,143Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,143Net income attributable to bank
  • $0Net charge-offs
  • $2,143Cash dividends
  • $122Sale, conversion, retirement of capital stock, net
  • $1,203Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 0.31%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 8.23%Return on equity (ROE)
  • 3.61%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 360.66%Credit loss provision to net charge-offs
  • 29.19%Efficiency ratio
  • 78,194Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.14%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 639.43%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 87.18%Net loans and leases to core deposits
  • 89.42%Equity capital to assets
  • 6.82%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 9.01%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $369,033Average earning assets
  • $26,038Average equity
  • $344,494Average loans

List of branches

  • 10 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07349First National Bank Of Scotia201 Mohawk Avenue, Scotia, NY 12302January 01, 1923Full Service Brick and Mortar
    1224698Colonie Branch1705 Central Avenue, Colonie, NY 12205May 14, 1960Full Service Brick and Mortar
    2224699Niskayuna Branch1476 Balltown Road, Niskayuna, NY 12309October 01, 1956Full Service Brick and Mortar
    3224700Guilderland-Westmere Branch8 Karner Road, Guilderland, NY 12084December 20, 1965Full Service Brick and Mortar
    4224701Glenville Branch240 Saratoga Road, Glenville, NY 12302October 15, 1966Full Service Brick and Mortar
    5224702Schenectady Branch120 Erie Boulevard, Schenectady, NY 12305May 01, 1973Full Service Brick and Mortar
    6224703Saratoga Branch3013 Route 50, Saratoga Springs, NY 12866October 11, 1973Full Service Brick and Mortar
    7224704Ge Global Research Center1 Research Circle, Commons 2a7, Schenectady, NY 12309April 15, 1987Full Service Brick and Mortar
    9224706Rotterdam Branch2695 Hamburg Street, Schenectady, NY 12303August 25, 1997Full Service Brick and Mortar
    10224707Clifton Park Office1643 Rt 9, Clifton Park, NY 12065December 27, 1999Full Service Brick and Mortar

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