Goshen Savings Bank in Goshen, New York (NY)

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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
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
Undivided profits $10,723
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
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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
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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%
Average assets$29
Average earning assets$181,767
Average equity $24,590
Average loans $170,138
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