Premier National Bank in Poughkeepsie, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 10, 2001

  • Premier National Bank in Poughkeepsie, New York (NY)
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Premier National Bank - Overview

  • General
  • FDIC Certificate #: 6964
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Manufacturers and Traders Trust Company (#588)
    Federal Reserve ID: 886802
    Date Established: August 01, 1863
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 35 (Interstate: No)
    OTS Docket #: 12508
    FDIC's unique #: 4669
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 10, 2001
    Last Structure Change Process Date: March 28, 2001
    Last Data Update: March 28, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 289-291 Main Mall, Poughkeepsie, NY 12601
    County: Dutchess
    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
    Metropolitan Statistical Area (MSA): Dutchess County, NY (#2281)
    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 Summary
  • Total assets: $1,552.2 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
  • 460Total employees (full-time equivalent)
  • $1,552,235Total assets
  • $49,642Cash and due from depository institutions
  • $447Interest-bearing balances
  • $459,422Securities
  • $20,000Federal funds sold & reverse repurchase agreements
  • $972,008Net loans & leases
  • $21,589Loan loss allowance
  • $0Trading account assets
  • $20,956Bank premises and fixed assets
  • $363Other real estate owned
  • $3,589Goodwill and other intangibles
  • $0Life insurance assets
  • $26,255All other assets
  • $1,552,235Total liabilities and capital
  • $1,414,181Total liabilities
  • $1,345,336Total deposits
  • $1,083,659Interest-bearing deposits
  • $1,345,336Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $45,000Other borrowed funds
  • $0Subordinated debt
  • $8,845All other liabilities
  • $138,054Total equity capital
  • $138,054Total bank equity capital
  • $138,054Perpetual preferred stock
  • $5,750Common stock
  • $1,737Surplus
  • $49,534Undivided profits
  • Memoranda
  • $81,033Noncurrent loans and leases
  • $123,031Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,153Earning assets
  • $26Long-term assets (5+ years)
  • $6,398Average Assets, year-to-date
  • $1,451,877Average Assets, quarterly
  • $298,669Volatile liabilities
  • $1,565,556Insider loans
  • $1,559,410FHLB advances
  • $233,791Loans and leases held for sale
  • $9,933Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $123,031Total unused commitments
  • $21Restructured Loans and leases
  • $14,294Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $114,453Total interest income
  • $54,206Total interest expense
  • $60,247Net interest income
  • $750Provision for loan and lease losses
  • $10,405Total noninterest income
  • $1,289Fiduciary activities
  • $5,490Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,626Additional noninterest income
  • $40,883Total noninterest expense
  • $21,720Salaries and employee benefits
  • $7,048Premises and equipment expense
  • $12,115Additional noninterest expense
  • $29,019Pre-tax net operating income
  • -$1Securities gains (losses)
  • $8,743Applicable income taxes
  • $20,275Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,275Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $947Sale, conversion, retirement of capital stock, net
  • $16,244Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.80%Yield on earning assets
  • 3.70%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 15.49%Return on equity (ROE)
  • 3.08%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 79.20%Credit loss provision to net charge-offs
  • 31.44%Efficiency ratio
  • 55,813Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.12%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 301.82%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 72.25%Net loans and leases to core deposits
  • 84.78%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 11.95%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,565,556Average earning assets
  • $130,866Average equity
  • $1,466,856Average loans

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