FDIC 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
Location
Address: 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 Summary
Total 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
37Total employees (full-time equivalent)
$189,374Total assets
$3,940Cash and due from depository institutions
$341Interest-bearing balances
$47,470Securities
$525Federal funds sold & reverse repurchase agreements
$128,861Net loans & leases
$488Loan loss allowance
$0Trading account assets
$3,244Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,334All other assets
$189,374Total liabilities and capital
$162,869Total liabilities
$121,344Total deposits
$121,344Interest-bearing deposits
$121,344Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40,169Other borrowed funds
$0Subordinated debt
$1,356All other liabilities
$26,505Total equity capital
$26,505Total bank equity capital
$26,505Perpetual preferred stock
$0Common stock
$0Surplus
$10,723Undivided profits
Memoranda
$15,782Noncurrent loans and leases
$13,249Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$704Average Assets, year-to-date
$177,197Average Assets, quarterly
$0Volatile liabilities
$181,767Insider loans
$188,588FHLB advances
$56,317Loans and leases held for sale
$0Unused loan commitments
$39,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,249Total unused commitments
$0Restructured Loans and leases
$488Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$12,641Total interest income
$7,139Total interest expense
$5,502Net interest income
$135Provision for loan and lease losses
$714Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$714Additional noninterest income
$3,276Total noninterest expense
$1,724Salaries and employee benefits
$438Premises and equipment expense
$1,114Additional noninterest expense
$2,805Pre-tax net operating income
$138Securities gains (losses)
$1,207Applicable income taxes
$1,736Income before extraordinary items
$0Extraordinary gains - net
$1,736Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.43%Yield on earning assets
4.20%Cost of funding earning assets
3.23%Net interest margin
0.42%Noninterest income to earning assets
1.93%Noninterest expense to earning assets
0.91%Net operating income to assets
0.96%Return on assets (ROA)
1.62%Pretax return on assets
7.06%Return on equity (ROE)
7.06%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-6750.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
52,703Assets per employee
5.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.38%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
106.19%Net loans and leases to core deposits
122.50%Equity capital to assets
14.00%Core capital (leverage) ratio
14.01%Tier 1 risk-based capital ratio
28.19%Total risk-based capital ratio
Memoranda
$29Average assets
$181,767Average earning assets
$24,590Average equity
$170,138Average loans
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