Hudson Valley Bank, National Association in Stamford, Connecticut (CT), NY
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Hudson Valley Bank, National Association in Stamford, Connecticut (CT), NY
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Hudson Valley Bank, National Association - Overview

  • General
  • FDIC Certificate #: 20693
    Status: Active
    Federal Reserve ID: 436711
    Bank Holding Company (Regulatory Top Holder): Hudson Valley Holding Corp. (RSSDID: 1048803, Location: Yonkers, NY)
    Date Established: May 13, 1972
    WWW: http://www.hudsonvalleybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 36 (Domestic: 35, Interstate: Yes)
    OTS Docket #: 10115
    FDIC's unique #: 14289
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Commercial Lending Specialization
    Date of Deposit Insurance: May 13, 1972
    Last Structure Change Effective Date: March 12, 2012
    Last Structure Change Process Date: March 13, 2012
    Last Data Update: March 13, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1055 Summer Street, Stamford, CT 6905
    County: Fairfield
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Stamford-Norwalk, CT (#8040)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $2,794.2 mil
    Equity capital: $266.5 mil
    Deposits held in domestic offices: $2,433.4 mil
    Return on assets (ROA): -0.09% (-$2.5 mil)
    Quarterly return on assets: -3.23% (-$90.2 mil)
    Return on Equity (ROE): -0.96% (-$2.6 mil)
    Quarterly return on equity: -33.13% (-$88.5 mil)
    Net income: -$2.6 mil
    Quarterly Net income: -$23.0 mil
    Pretax return on assets: -0.29% (-$8,103.1 mil)
    Quarterly Pretax return on assets: -5.44% (-$152,002.4 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
  • 449Total employees (full-time equivalent)
  • $2,794,162Total assets
  • $75,436Cash and due from depository institutions
  • $32,906Interest-bearing balances
  • $519,775Securities
  • $16,425Federal funds sold & reverse repurchase agreements
  • $2,015,218Net loans & leases
  • $30,685Loan loss allowance
  • $0Trading account assets
  • $25,503Bank premises and fixed assets
  • $1,174Other real estate owned
  • $25,493Goodwill and other intangibles
  • $2,794,162Life insurance assets
  • $115,138All other assets
  • $2,527,481Total liabilities and capital
  • $2,433,415Total liabilities
  • $1,514,953Total deposits
  • $2,433,415Interest-bearing deposits
  • $47Deposits held in domestic offices
  • 53057.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,466Trading liabilities
  • $0Other borrowed funds
  • $24,543Subordinated debt
  • $266,681All other liabilities
  • $266,526Total equity capital
  • $266,526Total bank equity capital
  • $0Perpetual preferred stock
  • $1,676Common stock
  • $91,897Surplus
  • $172,953Undivided profits
  • Memoranda
  • $155Noncurrent loans and leases
  • $473,814Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57,740Income earned, not collected on loans
  • $0Earning assets
  • $11,860Long-term assets (5+ years)
  • $2,584,324Average Assets, year-to-date
  • $737,431Average Assets, quarterly
  • $2,769,429Volatile liabilities
  • $2,856,607Insider loans
  • $2,202,629FHLB advances
  • $2,835,964Loans and leases held for sale
  • $37,563Unused loan commitments
  • $29,745Tier 1 (core) risk-based capital
  • $238,843Tier 2 risk-based capital
  • $6,512Total risk weighted assets
  • $1,306Total unused commitments
  • $201,156Restructured Loans and leases
  • $44,424Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $128,531Total interest income
  • $10,758Total interest expense
  • $117,773Net interest income
  • $64,154Provision for loan and lease losses
  • $18,634Total noninterest income
  • $2,622Fiduciary activities
  • $2,976Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13,036Additional noninterest income
  • $79,946Total noninterest expense
  • $42,143Salaries and employee benefits
  • $13,099Premises and equipment expense
  • $24,704Additional noninterest expense
  • -$7,693Pre-tax net operating income
  • -$346Securities gains (losses)
  • -$5,414Applicable income taxes
  • -$2,625Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,625Net income attributable to bank
  • $0Net charge-offs
  • -$2,625Cash dividends
  • $72,418Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • -0.09%Net operating income to assets
  • -0.09%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -0.96%Return on equity (ROE)
  • -0.96%Retained earnings to average equity (YTD only)
  • 3.78%Net charge-offs to loans
  • 88.59%Credit loss provision to net charge-offs
  • 0.78%Efficiency ratio
  • 58,020Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 53.14%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 2.82%Net loans and leases to deposits
  • 82.81%Net loans and leases to core deposits
  • 85.63%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,769,429Average earning assets
  • $274,856Average equity
  • $2,578,485Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $292,731Managed Assets
  • 1Number of Accounts
  • $291,970Personal trust and agency accounts
  • $257,951Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,537Other retirement accounts
  • $4,524Corporate trust and agency accounts
  • $3,567Investment management agency accounts
  • $21,391Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 614Number of Accounts
  • $0Personal trust and agency accounts
  • $803Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $761Other retirement accounts
  • $761Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014289Hudson Valley Bank, National Association1055 Summer Street, Stamford, CT 6905May 13, 1972Full Service Brick and Mortar
    29481892Westport Branch420 Post Road West, Westport, CT 6880September 29, 2008Full Service Brick and Mortar
    31493775Greenwich Branch500 West Putnam Avenue, Greenwich, CT 6830October 29, 2008Full Service Brick and Mortar
    32493776Fairfield Branch2000 Post Road, Fairfield, CT 6824December 08, 2008Full Service Brick and Mortar
    39510948Milford Branch54 Broad Street, Milford, CT 6460July 22, 2009Full Service Brick and Mortar
    40510949Stratford Branch2505 Main Street, Stratford, CT 6615October 06, 2009Full Service Brick and Mortar
  • 30 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1251552Rockledge Branch512 South Broadway, Yonkers, NY 10705July 13, 1974Full Service Brick and Mortar
    3251554Lake Avenue Branch150 Lake Avenue, Yonkers, NY 10703June 09, 1977Full Service Brick and Mortar
    4251555Mclean Avenue Branch865 Mclean Avenue, Yonkers, NY 10704December 28, 1981Full Service Brick and Mortar
    5251556Elmsford Branch37 East Main Street, Elmsford, NY 10523October 17, 1983Full Service Brick and Mortar
    6251557Mt. Kisco Branch664 Main Street, Mount Kisco, NY 10549August 04, 1985Full Service Brick and Mortar
    7251558White Plains Branch328 Central Avenue, White Plains, NY 10606October 20, 1987Full Service Brick and Mortar
    8251559Pleasantville Office Branch501 Marble Avenue, Pleasantville, NY 10570October 17, 1988Full Service Brick and Mortar
    9251560Peekskill Branch1835 East Main Street, Peekskill, NY 10566December 19, 1990Full Service Brick and Mortar
    10229542Getty Square Branch61 South Broadway, Yonkers, NY 10701December 12, 1929Full Service Brick and Mortar
    11251561Mount Vernon Branch403 East Sanford Boulevard, Mount Vernon, NY 10550Febuary 16, 1993Full Service Brick and Mortar
    13251563Port Chester Branch500 Westchester Avenue, Port Chester, NY 10573May 01, 1995Full Service Brick and Mortar
    14251564New Rochelle Branch5 Huguenot Street, New Rochelle, NY 10801March 30, 1998Full Service Brick and Mortar
    15251565East Tremont Avenue Branch3130 East Tremont Avenue, Bronx, NY 10461May 03, 1999Full Service Brick and Mortar
    16363401Allerton Branch975 Allerton Avenue, Bronx, NY 10469March 04, 2002Full Service Brick and Mortar
    1736364942nd Street Branch60 E. 42nd Street, New York, NY 10165May 03, 2002Full Service Brick and Mortar
    18419812Scarsdale Road Branch21 Scarsdale Road, Yonkers, NY 10707July 18, 2002Full Service Brick and Mortar
    19430191Woolworth Branch233 Broadway - Suit 2205, New York, NY 10279April 26, 2004Full Service Retail
    20430192Church Street Branch40 Church Street, White Plains, NY 10601September 22, 2003Full Service Brick and Mortar
    21448833Park Avenue Branch350 Park Avenue, New York, NY 10022December 20, 2005Full Service Brick and Mortar
    23466897New City Branch254 South Main Street, New City, NY 10956Febuary 21, 2007Full Service Retail
    24480033Mamaroneck Branch875 Mamaroneck Ave, Mamaroneck, NY 10543January 03, 2008Full Service Brick and Mortar
    2548003434th Street Branch112 West 34th Street, New York, NY 10120April 14, 2008Full Service Retail
    26480035Knollwood Branch399 Knollwood Road, White Plains, NY 10603January 01, 2008Full Service Retail
    28480632Grassy Sprain Branch35 East Grassy Sprain Road, Yonkers, NY 10710May 13, 1972Full Service Brick and Mortar
    30493774Court Street - Brooklyn Branch16 Court Street, Brooklyn, NY 11241July 07, 2008Full Service Brick and Mortar
    33501290Eastchester Office111 Brook Street, Scarsdale, NY 10583July 02, 2009Full Service Brick and Mortar
    3416583New York National Bank Branch369 East 149th Street, Bronx, NY 10455Febuary 22, 1982Full Service Brick and Mortar
    36183662East Harlem Branch2256 Second Avenue, New York City, NY 10029January 02, 1931Full Service Brick and Mortar
    41521879Hutch Metro Branch1250 Waters Place, Bronx, NY 10461September 21, 2010Full Service Brick and Mortar
    42528180Suffern Branch4 Executive Boulevard, Suite 103, Suffern, NY 10901January 23, 2012Full Service Brick and Mortar

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