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


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

  • General
  • FDIC Certificate #: 27181
    Status: Active
    Federal Reserve ID: 1166060
    Date Established: Febuary 12, 1988
    WWW: http://www.riversidebankhv.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 39021
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 12, 1988
    Last Structure Change Effective Date: August 04, 2010
    Last Structure Change Process Date: August 04, 2010
    Last Data Update: August 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 Garden Street, 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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $186.4 mil
    Equity capital: $21.3 mil
    Deposits held in domestic offices: $163.8 mil
    Return on assets (ROA): 0.77% ($1.4 mil)
    Quarterly return on assets: 1.19% ($2.2 mil)
    Return on Equity (ROE): 6.89% ($1.4 mil)
    Quarterly return on equity: 10.45% ($2.2 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.22% ($2,273.5 mil)
    Quarterly Pretax return on assets: 1.96% ($3,652.6 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, 2011)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $186,355Total assets
  • $16,187Cash and due from depository institutions
  • $12,195Interest-bearing balances
  • $10,808Securities
  • $1,714Federal funds sold & reverse repurchase agreements
  • $151,937Net loans & leases
  • $2,625Loan loss allowance
  • $0Trading account assets
  • $1,013Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $186,355Life insurance assets
  • $4,696All other assets
  • $165,037Total liabilities and capital
  • $163,813Total liabilities
  • $115,073Total deposits
  • $163,813Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,224Subordinated debt
  • $21,318All other liabilities
  • $21,318Total equity capital
  • $21,318Total bank equity capital
  • $0Perpetual preferred stock
  • $738Common stock
  • $6,306Surplus
  • $14,274Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,446Income earned, not collected on loans
  • $0Earning assets
  • $595Long-term assets (5+ years)
  • $176,654Average Assets, year-to-date
  • $31,639Average Assets, quarterly
  • $183,058Volatile liabilities
  • $185,274Insider loans
  • $161,811FHLB advances
  • $184,831Loans and leases held for sale
  • $2,614Unused loan commitments
  • $2,614Tier 1 (core) risk-based capital
  • $21,330Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,712Restructured Loans and leases
  • $8,288Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,148Total interest income
  • $1,437Total interest expense
  • $7,711Net interest income
  • $1,050Provision for loan and lease losses
  • $775Total noninterest income
  • $0Fiduciary activities
  • $548Service charges on deposit accounts
  • $0Trading account gains & fees
  • $227Additional noninterest income
  • $5,208Total noninterest expense
  • $3,246Salaries and employee benefits
  • $661Premises and equipment expense
  • $1,301Additional noninterest expense
  • $2,228Pre-tax net operating income
  • $2Securities gains (losses)
  • $815Applicable income taxes
  • $1,415Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,415Net income attributable to bank
  • $0Net charge-offs
  • $1,415Cash dividends
  • $1,016Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 6.89%Return on equity (ROE)
  • 6.89%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 103.35%Credit loss provision to net charge-offs
  • 3.23%Efficiency ratio
  • 61,372Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 107.32%Noncurrent assets plus other real estate owned to assets
  • 1.31%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 92.75%Net loans and leases to core deposits
  • 101.05%Equity capital to assets
  • 11.44%Core capital (leverage) ratio
  • 11.54%Tier 1 risk-based capital ratio
  • 13.18%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $183,058Average earning assets
  • $20,532Average equity
  • $173,698Average loans

List of branches

  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039021Riverside Bank11 Garden Street, Poughkeepsie, NY 12601Febuary 12, 1988Full Service Brick and Mortar
    1261320Poughkeepsie Branch2 Vassar Road, Red Oaks Mill, Poughkeepsie, NY 12603April 10, 1998Full Service Brick and Mortar
    235980052 Route 17k, Ames Plaza BranchAmes Plaza, 52 Route 17k, Suite 201, Newburgh, NY 12550April 19, 2001Full Service Brick and Mortar
    3419752Fishkill Branch1004 Main Street, Fishkill, NY 12524October 01, 2002Full Service Brick and Mortar

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