Fleet Bank of New York, National Association in Schenectady, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1996

  • Fleet Bank of New York, National Association in Schenectady, New York (NY)
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Fleet Bank of New York, National Association - Overview

  • General
  • FDIC Certificate #: 29290
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet Bank, National Association (#6357)
    Federal Reserve ID: 241876
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    OTS Docket #: 3231
    FDIC's unique #: 42124
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 28, 1935
    Last Structure Change Effective Date: May 01, 1996
    Last Structure Change Process Date: May 09, 1996
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 State Street, Schenectady, NY 12305
    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)
  • Financial Summary
  • Total assets: $1,459.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $314Total assets
  • $1,580,920Cash and due from depository institutions
  • $141,461Interest-bearing balances
  • $2,932Securities
  • $72,370Federal funds sold & reverse repurchase agreements
  • $478,700Net loans & leases
  • $717,426Loan loss allowance
  • $12,166Trading account assets
  • $0Bank premises and fixed assets
  • $13,138Other real estate owned
  • $394Goodwill and other intangibles
  • $68,658Life insurance assets
  • $88,773All other assets
  • $0Total liabilities and capital
  • $1,580,920Total liabilities
  • $1,354,534Total deposits
  • $1,327,729Interest-bearing deposits
  • $1,296,048Deposits held in domestic offices
  • 1327729.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $26,805Total equity capital
  • $26,805Total bank equity capital
  • $226,386Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $226,300Undivided profits
  • Memoranda
  • $-2,414Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,235Income earned, not collected on loans
  • $5,064Earning assets
  • $1,271,428Long-term assets (5+ years)
  • $136,407Average Assets, year-to-date
  • $2,318,817Average Assets, quarterly
  • $1,599,159Volatile liabilities
  • $61,467Insider loans
  • $210FHLB advances
  • $0Loans and leases held for sale
  • $7,672Unused loan commitments
  • $58,426Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $107,784Total risk weighted assets
  • $636,044Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $53,964Total interest expense
  • $35,578Net interest income
  • $18,386Provision for loan and lease losses
  • $1,750Total noninterest income
  • $6,842Fiduciary activities
  • $0Service charges on deposit accounts
  • $941Trading account gains & fees
  • -$12Additional noninterest income
  • $5,913Total noninterest expense
  • $23,866Salaries and employee benefits
  • $7,935Premises and equipment expense
  • $2,975Additional noninterest expense
  • $12,956Pre-tax net operating income
  • -$388Securities gains (losses)
  • $0Applicable income taxes
  • $2,075Income before extraordinary items
  • -$2,463Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,463Net charge-offs
  • $1,217Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $278,800Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 2.73%Cost of funding earning assets
  • 1.80%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 0.35%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -0.02%Return on equity (ROE)
  • -1.13%Retained earnings to average equity (YTD only)
  • -1.13%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 143.80%Efficiency ratio
  • 77,561Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 168.15%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 54.03%Net loans and leases to core deposits
  • 56.66%Equity capital to assets
  • 14.32%Core capital (leverage) ratio
  • 7.28%Tier 1 risk-based capital ratio
  • 16.95%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $2,318,817Average earning assets
  • $218,102Average equity
  • $1,979,679Average loans

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