Hudson River Bank & Trust Company in Hudson, New York (NY)



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Hudson River Bank & Trust Company
GeneralFDIC Certificate #: 15968
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Niagara Bank, National Association (#16004)
Federal Reserve ID: 606309
Date Established: April 04, 1850
WWW: http://www.hudsonriverbank.com
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 48 (Interstate: No)
OTS Docket #: 12063
FDIC's unique #: 10199
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 01, 1943
Last Structure Change Effective Date: January 14, 2005
Last Structure Change Process Date: January 27, 2005
Last Data Update: January 27, 2005
Data Source Date: April 05, 2012
LocationAddress: One Hudson City Centre, Hudson, NY 12534
County: Columbia
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): Hudson, NY (#26460)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $2,496.6 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)631
Total assets$2,496,609
Cash and due from depository institutions$51,471
Interest-bearing balances$117
Securities$599,072
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,674,441
Loan loss allowance $40,463
Trading account assets$0
Bank premises and fixed assets$27,815
Other real estate owned$65
Goodwill and other intangibles$65,604
All other assets$78,141
Life insurance assets$0
Total liabilities and capital$2,496,609
Total liabilities$2,220,466
Total deposits$1,805,090
Interest-bearing deposits$1,575,118
Deposits held in domestic offices$1,805,090
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $19,734
Trading liabilities$0
Other borrowed funds $370,178
Subordinated debt $0
All other liabilities $25,464
Total equity capital$276,143
Total bank equity capital$276,143
Perpetual preferred stock$276,143
Common stock$0
Surplus$202
Undivided profits $117,362
Memoranda
Noncurrent loans and leases $158,579
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $262,636
Income earned, not collected on loans $0
Earning assets $13,453
Long-term assets (5+ years) $0
Average Assets, year-to-date $9,283
Average Assets, quarterly $2,273,630
Volatile liabilities $1,353,898
Insider loans $2,566,101
FHLB advances $2,516,954
Loans and leases held for sale $181,369
Unused loan commitments $3,150
Tier 1 (core) risk-based capital $359,735
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $262,636
Restructured Loans and leases $0
Derivatives$19,061
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $134,798
Total interest expense $39,960
Net interest income $94,838
Provision for loan and lease losses $3,900
Total noninterest income $14,270
Fiduciary activities $367
Service charges on deposit accounts $8,086
Trading account gains & fees $0
Additional noninterest income $5,817
Total noninterest expense $61,433
Salaries and employee benefits $29,608
Premises and equipment expense $8,692
Additional noninterest expense $23,133
Pre-tax net operating income $43,775
Securities gains (losses) $1,599
Applicable income taxes $17,691
Income before extraordinary items $27,683
Extraordinary gains - net $0
Net income attributable to bank $27,683
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3,039
Net operating income $7,507
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 1.71%
Net interest margin 4.06%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 2.63%
Net operating income to assets 1.04%
Return on assets (ROA) 1.08%
Pretax return on assets 1.77%
Return on equity (ROE) 10.41%
Retained earnings to average equity (YTD only) 7.58%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 128.33%
Efficiency ratio15.69%
Assets per employee$55,610
Cash dividends to net income (YTD only)3.96%
Condition Ratios (%)
Loss allowance to loans 27.12%
Loss allowance to noncurrent loans 2.36%
Noncurrent assets plus other real estate owned to assets 300.77%
Noncurrent loans to loans 0.54%
Net loans and leases to deposits0.78%
Net loans and leases to core deposits 92.76%
Equity capital to assets 96.92%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 8.70%
Total risk-based capital ratio 14.22%
Memoranda
Average assets$15
Average earning assets$2,566,101
Average equity $266,017
Average loans $2,338,551
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Total Fiduciary and Related Assets (December 31, 2004)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$59,009
Number of Accounts1
Personal trust and agency accounts$57,983
Employee benefit-defined contribution accounts$5,663
Employee benefit-defined benefit accounts$24,588
Other retirement accounts$5,599
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$22,133
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts173
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,026
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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