Gloversville Federal Savings and Loan Association in Gloversville, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1999

  • Gloversville Federal Savings and Loan Association in Gloversville, New York (NY)
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Gloversville Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 28214
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank and Trust Company (#7075)
    Federal Reserve ID: 689571
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1150
    FDIC's unique #: 41048
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: October 31, 1934
    Last Structure Change Effective Date: June 01, 1999
    Last Structure Change Process Date: June 18, 1999
    Last Data Update: June 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 52 North Main St, Gloversville, NY 12078
    County: Fulton
    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): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Gloversville, NY (#24100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $66.5 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $68,732Total assets
  • $3,737Cash and due from depository institutions
  • $1,598Interest-bearing balances
  • $12,184Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $50,035Net loans & leases
  • $1,118Loan loss allowance
  • $0Trading account assets
  • $1,204Bank premises and fixed assets
  • $551Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,021All other assets
  • $68,732Total liabilities and capital
  • $61,553Total liabilities
  • $56,377Total deposits
  • $55,983Interest-bearing deposits
  • $56,377Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,939Other borrowed funds
  • $0Subordinated debt
  • $237All other liabilities
  • $7,179Total equity capital
  • $7,179Total bank equity capital
  • $7,179Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $4,025Undivided profits
  • Memoranda
  • $3,153Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,022Earning assets
  • $0Long-term assets (5+ years)
  • $195Average Assets, year-to-date
  • $63,817Average Assets, quarterly
  • $0Volatile liabilities
  • $68,290Insider loans
  • $67,695FHLB advances
  • $10,408Loans and leases held for sale
  • $387Unused loan commitments
  • $4,463Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,467Total unused commitments
  • $0Restructured Loans and leases
  • $38,301Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,020Total interest income
  • $2,549Total interest expense
  • $2,471Net interest income
  • $109Provision for loan and lease losses
  • $222Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $222Additional noninterest income
  • $2,176Total noninterest expense
  • $1,114Salaries and employee benefits
  • $401Premises and equipment expense
  • $661Additional noninterest expense
  • $408Pre-tax net operating income
  • $0Securities gains (losses)
  • $125Applicable income taxes
  • $283Income before extraordinary items
  • $0Extraordinary gains - net
  • $283Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $515Sale, conversion, retirement of capital stock, net
  • $24Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.82%Yield on earning assets
  • 3.97%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • 4.33%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 21.17%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 80,802Assets per employee
  • 2.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.48%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 109.39%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 88.75%Net loans and leases to core deposits
  • 98.29%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 10.44%Tier 1 risk-based capital ratio
  • 18.74%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $68,290Average earning assets
  • $5,976Average equity
  • $64,191Average loans

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