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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