Goshen Savings Bank in Goshen, New York (NY)



Show street view No street view available for this location
Table of contents:
Goshen Savings Bank
GeneralFDIC Certificate #: 15967
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Berkshire Bank (#27503)
Federal Reserve ID: 726506
Date Established: April 08, 1871
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 14308
FDIC's unique #: 10198
Numeric code: 43
Regulator: OTS
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: July 01, 1943
Last Structure Change Effective Date: March 30, 2001
Last Structure Change Process Date: April 05, 2001
Last Data Update: April 05, 2001
Data Source Date: April 05, 2012
LocationAddress: 1 South Church Street, Goshen, NY 10924
County: Orange
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: New York City
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Newburgh, NY-PA (#5660)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): Poughkeepsie-Newburgh-Middletown, NY (#39100)
CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
Financial SummaryTotal assets: $189.4 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)37
Total assets$189,374
Cash and due from depository institutions$3,940
Interest-bearing balances$341
Securities$47,470
Federal funds sold & reverse repurchase agreements$525
Net loans & leases$128,861
Loan loss allowance $488
Trading account assets$0
Bank premises and fixed assets$3,244
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,334
Life insurance assets$0
Total liabilities and capital$189,374
Total liabilities$162,869
Total deposits$121,344
Interest-bearing deposits$121,344
Deposits held in domestic offices$121,344
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $40,169
Subordinated debt $0
All other liabilities $1,356
Total equity capital$26,505
Total bank equity capital$26,505
Perpetual preferred stock$26,505
Common stock$0
Surplus$0
Undivided profits $10,723
Memoranda
Noncurrent loans and leases $15,782
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $13,249
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $704
Average Assets, quarterly $177,197
Volatile liabilities $0
Insider loans $181,767
FHLB advances $188,588
Loans and leases held for sale $56,317
Unused loan commitments $0
Tier 1 (core) risk-based capital $39,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $13,249
Restructured Loans and leases $0
Derivatives$488
Back to page top, Back to table top

Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $12,641
Total interest expense $7,139
Net interest income $5,502
Provision for loan and lease losses $135
Total noninterest income $714
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $714
Total noninterest expense $3,276
Salaries and employee benefits $1,724
Premises and equipment expense $438
Additional noninterest expense $1,114
Pre-tax net operating income $2,805
Securities gains (losses) $138
Applicable income taxes $1,207
Income before extraordinary items $1,736
Extraordinary gains - net $0
Net income attributable to bank $1,736
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$2
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.43%
Cost of funding earning assets 4.20%
Net interest margin 3.23%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 1.93%
Net operating income to assets 0.91%
Return on assets (ROA) 0.96%
Pretax return on assets 1.62%
Return on equity (ROE) 7.06%
Retained earnings to average equity (YTD only) 7.06%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs -6750.00%
Efficiency ratio0.00%
Assets per employee$52,703
Cash dividends to net income (YTD only)5.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.38%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 106.19%
Equity capital to assets 122.50%
Core capital (leverage) ratio 14.00%
Tier 1 risk-based capital ratio 14.01%
Total risk-based capital ratio 28.19%
Memoranda
Average assets$29
Average earning assets$181,767
Average equity $24,590
Average loans $170,138
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Goshen Savings Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.