Glens Falls National Bank and Trust Company in Glens Falls, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Glens Falls National Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 7074
    Status: Active
    Federal Reserve ID: 866000
    Bank Holding Company (Regulatory Top Holder): Arrow Financial Corporation (RSSDID: 1048812, Location: Glens Falls, NY)
    Date Established: January 01, 1851
    WWW: http://www.gfnational.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 29 (Domestic: 29, Interstate: No)
    OTS Docket #: 10436
    FDIC's unique #: 4715
    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: All Other Specialization > 1 Billion
    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: 250 Glen Street, Glens Falls, NY 12801
    County: Warren
    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): Glens Falls, NY (#2975)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Glens Falls, NY (#24020)
    CBSA Metro Statistical Area: Glens Falls, NY (#24020)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,674.3 mil
    Equity capital: $155.5 mil
    Deposits held in domestic offices: $1,391.0 mil
    Return on assets (ROA): 1.14% ($19.1 mil)
    Quarterly return on assets: 1.10% ($18.4 mil)
    Return on Equity (ROE): 12.41% ($19.4 mil)
    Quarterly return on equity: 11.69% ($18.2 mil)
    Net income: $19.0 mil
    Quarterly Net income: $4.6 mil
    Pretax return on assets: 1.64% ($27,458.9 mil)
    Quarterly Pretax return on assets: 1.55% ($25,952.0 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
  • 482Total employees (full-time equivalent)
  • $1,674,323Total assets
  • $34,395Cash and due from depository institutions
  • $10,513Interest-bearing balances
  • $639,732Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $916,842Net loans & leases
  • $12,264Loan loss allowance
  • $0Trading account assets
  • $18,840Bank premises and fixed assets
  • $460Other real estate owned
  • $25,113Goodwill and other intangibles
  • $1,674,323Life insurance assets
  • $38,941All other assets
  • $1,518,755Total liabilities and capital
  • $1,391,019Total liabilities
  • $1,182,919Total deposits
  • $1,391,019Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 35686.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $72,000Trading liabilities
  • $0Other borrowed funds
  • $20,050Subordinated debt
  • $155,568All other liabilities
  • $155,504Total equity capital
  • $155,504Total bank equity capital
  • $0Perpetual preferred stock
  • $2,937Common stock
  • $25,304Surplus
  • $127,263Undivided profits
  • Memoranda
  • $64Noncurrent loans and leases
  • $472Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,048Income earned, not collected on loans
  • $0Earning assets
  • $5,302Long-term assets (5+ years)
  • $1,567,087Average Assets, year-to-date
  • $664,031Average Assets, quarterly
  • $1,662,010Volatile liabilities
  • $1,671,702Insider loans
  • $976,817FHLB advances
  • $1,654,666Loans and leases held for sale
  • $14,759Unused loan commitments
  • $8,373Tier 1 (core) risk-based capital
  • $142,998Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,386Total unused commitments
  • $170,403Restructured Loans and leases
  • $27,572Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $65,093Total interest income
  • $15,541Total interest expense
  • $49,552Net interest income
  • $720Provision for loan and lease losses
  • $22,755Total noninterest income
  • $4,978Fiduciary activities
  • $3,497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,280Additional noninterest income
  • $47,167Total noninterest expense
  • $28,129Salaries and employee benefits
  • $6,655Premises and equipment expense
  • $12,383Additional noninterest expense
  • $24,420Pre-tax net operating income
  • $2,779Securities gains (losses)
  • $8,196Applicable income taxes
  • $19,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $19,003Net income attributable to bank
  • $0Net charge-offs
  • $19,003Cash dividends
  • $478Sale, conversion, retirement of capital stock, net
  • $12,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.18%Net interest margin
  • 1.46%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 12.41%Return on equity (ROE)
  • 4.41%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 150.63%Credit loss provision to net charge-offs
  • 52.59%Efficiency ratio
  • 64,615Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.46%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 302.96%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 65.91%Net loans and leases to core deposits
  • 67.34%Equity capital to assets
  • 9.29%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 14.64%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,662,010Average earning assets
  • $153,182Average equity
  • $1,559,443Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $819,696Managed Assets
  • 1Number of Accounts
  • $766,370Personal trust and agency accounts
  • $114,384Employee benefit-defined contribution accounts
  • $182,825Employee benefit-defined benefit accounts
  • $45,029Other retirement accounts
  • $150,778Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $273,354Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1503Number of Accounts
  • $0Personal trust and agency accounts
  • $125,394Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $53,326Other retirement accounts
  • $3,906Corporate trust and agency accounts
  • $43,942Other fiduciary accounts
  • $5,478Fiduciary accounts held in foreign offices

List of branches

  • 29 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04715Glens Falls National Bank And Trust250 Glen Street, Glens Falls, NY 12801January 01, 1851Full Service Brick and Mortar
    1213747Washington County Drive-In Branch343 Broadway, Fort Edward, NY 12828October 01, 1963Full Service Brick and Mortar
    2213748Fort Edward Branch159 Broadway, Fort Edward, NY 12828November 01, 1950Full Service Brick and Mortar
    3213749Queensbury Branch696 Upper Glen Street, Queensbury, NY 12804August 13, 1956Full Service Brick and Mortar
    4213750South Glens Falls BranchRoute 9, South Glens Falls, NY 12803August 11, 1966Full Service Brick and Mortar
    5213751Lake George Branch2252 State Route 9, Lake George, NY 12845December 29, 1966Full Service Brick and Mortar
    6213752Chester-Schroon-horicon Branch6353 State Route 9, Chestertown, NY 12817January 02, 1968Full Service Brick and Mortar
    7213753Schroon Lake BranchRoute 9, Schroon Lake, NY 12870June 01, 1962Full Service Brick and Mortar
    94788Schuylerville Branch73 Broad Street, Schuylerville, NY 12871January 01, 1865Full Service Brick and Mortar
    114675Cambridge Branch25 West Main Street, Cambridge, NY 12816January 01, 1865Full Service Brick and Mortar
    12213756Fort Ann Post Branch110 George Street, Fort Ann, NY 12827November 17, 1973Full Service Brick and Mortar
    13213757Broad Street Plaza Branch4 Broad Street Plaza, Glens Falls, NY 12801December 28, 1987Full Service Brick and Mortar
    14213758Kingsbury Branch3019 State Route 4, Hudson Falls, NY 12839Febuary 06, 1989Full Service Brick and Mortar
    154720Greenwich Branch132 Main Street, Greenwich, NY 12834January 01, 1881Full Service Brick and Mortar
    16213759Granville Branch8646 State Route 22, Granville, NY 12832September 30, 1996Full Service Brick and Mortar
    17213143Plattsburgh Branch25 Margaret Street, Plattsburgh, NY 12901April 18, 1953Full Service Brick and Mortar
    18213144Cornelia Street Branch308 Cornelia Street, Plattsburgh, NY 12901December 15, 1958Full Service Brick and Mortar
    19213145Port Henry Branch4307 Main Street, Port Henry, NY 12974April 26, 1954Full Service Brick and Mortar
    20213149Ticonderoga Branch123 Montcalm Street, Ticonderoga, NY 12883April 19, 1954Full Service Brick and Mortar
    21213152Warrensburg Branch3853 Main Street, Warrensburg, NY 12885May 22, 1967Full Service Brick and Mortar
    22213153Luzerne Branch15 Main Street, Lake Luzerne, NY 12846April 14, 1958Full Service Brick and Mortar
    23213760Bay Road Branch402 Bay Road, Queensbury, NY 12804June 30, 1999Full Service Brick and Mortar
    24357645Ticonderoga Drive-In BranchWicker Street, Ticonderoga, NY 12883August 14, 2000Full Service Brick and Mortar
    25419300Aviation Road Branch339 Aviation Road, Queensbury, NY 12804June 09, 2003Full Service Brick and Mortar
    26215119Argyle Branch93 Main Street, Argyle, NY 12809Febuary 13, 1961Full Service Brick and Mortar
    27215126Salem Branch194 Main Street, Salem, NY 12865December 01, 1960Full Service Brick and Mortar
    28463165U.S. Avenue BranchCorner U.S. Avenue & New York Road, Plattsburgh, NY 12903Febuary 09, 2007Full Service Brick and Mortar
    29495987Greenwich Drive - In Office Branch1153 State Route 29, Greenwich, NY 12834October 05, 2009Full Service Brick and Mortar
    30510101Route 9 Office In Queensbury1002 State Route 9, Queensbury, NY 12804May 24, 2010Full Service Brick and Mortar

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