MSB Bank in Middletown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 30, 1998

  • MSB Bank in Middletown, New York (NY)
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MSB Bank - Overview

  • General
  • FDIC Certificate #: 16005
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank of the Hudson (#31995)
    Federal Reserve ID: 174004
    Date Established: September 06, 1869
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 13292
    FDIC's unique #: 10235
    Numeric code: 43
    Regulator: OTS
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: May 30, 1998
    Last Structure Change Process Date: June 11, 1998
    Last Data Update: June 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 South Street, Middletown, NY 10940
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $753.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 211Total employees (full-time equivalent)
  • $764,971Total assets
  • $16,909Cash and due from depository institutions
  • $2,562Interest-bearing balances
  • $276,877Securities
  • $21,065Federal funds sold & reverse repurchase agreements
  • $391,489Net loans & leases
  • $2,807Loan loss allowance
  • $0Trading account assets
  • $14,043Bank premises and fixed assets
  • $2,442Other real estate owned
  • $29,349Goodwill and other intangibles
  • $0Life insurance assets
  • $12,797All other assets
  • $764,971Total liabilities and capital
  • $691,064Total liabilities
  • $683,426Total deposits
  • $621,600Interest-bearing deposits
  • $683,426Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $55Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $7,583All other liabilities
  • $73,907Total equity capital
  • $73,907Total bank equity capital
  • $73,907Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $41,980Undivided profits
  • Memoranda
  • $31,926Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,486Earning assets
  • $0Long-term assets (5+ years)
  • $2,471Average Assets, year-to-date
  • $691,993Average Assets, quarterly
  • $0Volatile liabilities
  • $796,279Insider loans
  • $769,528FHLB advances
  • $55,611Loans and leases held for sale
  • $385Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $62,449Total unused commitments
  • $0Restructured Loans and leases
  • $375,191Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $52,966Total interest income
  • $28,659Total interest expense
  • $24,307Net interest income
  • $1,565Provision for loan and lease losses
  • $4,359Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,359Additional noninterest income
  • $23,394Total noninterest expense
  • $8,678Salaries and employee benefits
  • $3,389Premises and equipment expense
  • $11,327Additional noninterest expense
  • $3,707Pre-tax net operating income
  • $378Securities gains (losses)
  • $1,617Applicable income taxes
  • $2,468Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,468Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $719Sale, conversion, retirement of capital stock, net
  • $3,560Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.37%Yield on earning assets
  • 3.99%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 3.42%Return on equity (ROE)
  • -1.51%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 217.66%Credit loss provision to net charge-offs
  • 7.33%Efficiency ratio
  • 68,838Assets per employee
  • 3.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 144.25%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 80.52%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 57.28%Net loans and leases to core deposits
  • 62.35%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 6.15%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $796,279Average earning assets
  • $72,234Average equity
  • $718,612Average loans

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