Gouverneur Savings and Loan Association in Gouverneur, New York (NY)



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Gouverneur Savings and Loan Association
GeneralFDIC Certificate #: 30976
Status: Active
Federal Reserve ID: 905673
Date Established: January 01, 1892
WWW: http://www.gouverneurbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 6199
FDIC's unique #: 43810
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: July 21, 1958
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 42 Church St, Gouverneur, NY 13642
County: St. Lawrence
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
Core Based Statistical Area (CBSA): Ogdensburg-Massena, NY (#36300)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $148.7 mil
Equity capital: $24.8 mil
Deposits held in domestic offices: $91.7 mil
Return on assets (ROA): 1.26% ($1.9 mil)
Quarterly return on assets: 1.35% ($2.0 mil)
Return on Equity (ROE): 7.85% ($2.0 mil)
Quarterly return on equity: 8.20% ($2.0 mil)
Net income: $1.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.87% ($2,779.8 mil)
Quarterly Pretax return on assets: 2.04% ($3,032.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)34
Total assets$148,652
Cash and due from depository institutions$3,900
Interest-bearing balances$2,220
Securities$18,386
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$115,205
Loan loss allowance $748
Trading account assets$0
Bank premises and fixed assets$2,898
Other real estate owned$542
Goodwill and other intangibles$0
All other assets$7,721
Life insurance assets$148,652
Total liabilities and capital$123,871
Total liabilities$91,745
Total deposits$81,895
Interest-bearing deposits$91,745
Deposits held in domestic offices$90
% insured (estimated)3000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$25,950
Other borrowed funds $0
Subordinated debt $3,176
All other liabilities $24,781
Total equity capital$24,781
Total bank equity capital$24,781
Perpetual preferred stock$0
Common stock$1
Surplus$2,787
Undivided profits $21,993
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,656
Earning assets $0
Long-term assets (5+ years) $592
Average Assets, year-to-date $135,811
Average Assets, quarterly $0
Volatile liabilities $148,592
Insider loans $149,161
FHLB advances $81,776
Loans and leases held for sale $147,326
Unused loan commitments $4,366
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,556
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,237
Derivatives$600
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,107
Total interest expense $1,570
Net interest income $6,537
Provision for loan and lease losses $430
Total noninterest income $782
Fiduciary activities $0
Service charges on deposit accounts $582
Trading account gains & fees $0
Additional noninterest income $200
Total noninterest expense $4,127
Salaries and employee benefits $2,381
Premises and equipment expense $730
Additional noninterest expense $1,016
Pre-tax net operating income $2,762
Securities gains (losses) $23
Applicable income taxes $912
Income before extraordinary items $1,873
Extraordinary gains - net $0
Net income attributable to bank $1,873
Net charge-offs $0
Cash dividends $1,873
Sale, conversion, retirement of capital stock, net $559
Net operating income $595
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.99%
Cost of funding earning assets 1.16%
Net interest margin 4.83%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.05%
Net operating income to assets 1.25%
Return on assets (ROA) 1.26%
Pretax return on assets 1.87%
Return on equity (ROE) 7.85%
Retained earnings to average equity (YTD only) 5.36%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 76.92%
Efficiency ratio5.71%
Assets per employee$56,387
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 31.77%
Loss allowance to noncurrent loans 0.65%
Noncurrent assets plus other real estate owned to assets 45.17%
Noncurrent loans to loans 1.48%
Net loans and leases to deposits1.43%
Net loans and leases to core deposits 125.57%
Equity capital to assets 128.71%
Core capital (leverage) ratio 16.67%
Tier 1 risk-based capital ratio 16.67%
Total risk-based capital ratio 30.03%
Memoranda
Average assets$30
Average earning assets$148,592
Average equity $23,852
Average loans $135,411
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2 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043810Gouverneur Savings And Loan Associat42 Church St, Gouverneur, NY 13642January 01, 1892Full Service Brick and Mortar
1464504Alexandria Bay Branch15 Nys Route 12, Alexandria Bay, NY 13607August 05, 2002Full Service Brick and Mortar
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