FDIC Certificate #: 30322 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hudson River Bank & Trust Company (#15968) Federal Reserve ID: 44479 Date Established: January 01, 1834 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5161 FDIC's unique #: 43156 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: September 03, 1999 Last Structure Change Process Date: September 21, 1999 Last Data Update: September 21, 1999 Data Source Date: April 05, 2012
Location
Address: 251-263 State St, Schenectady, NY 12305 County: Schenectady 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): Albany-Schenectady-Troy, NY (#160) Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104) Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580) CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
Financial Summary
Total assets: $180.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
55Total employees (full-time equivalent)
$178,301Total assets
$2,411Cash and due from depository institutions
$723Interest-bearing balances
$27,917Securities
$2,100Federal funds sold & reverse repurchase agreements
$140,250Net loans & leases
$953Loan loss allowance
$0Trading account assets
$2,191Bank premises and fixed assets
$271Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,161All other assets
$178,301Total liabilities and capital
$157,799Total liabilities
$152,137Total deposits
$148,693Interest-bearing deposits
$152,137Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,318Other borrowed funds
$0Subordinated debt
$1,344All other liabilities
$20,502Total equity capital
$20,502Total bank equity capital
$20,502Perpetual preferred stock
$0Common stock
$15Surplus
$7,428Undivided profits
Memoranda
$13,059Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$860Earning assets
$0Long-term assets (5+ years)
$774Average Assets, year-to-date
$170,990Average Assets, quarterly
$0Volatile liabilities
$176,531Insider loans
$177,315FHLB advances
$18,468Loans and leases held for sale
$125Unused loan commitments
$700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,107Total unused commitments
$0Restructured Loans and leases
$94,718Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$12,655Total interest income
$7,056Total interest expense
$5,599Net interest income
$120Provision for loan and lease losses
$598Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$598Additional noninterest income
$3,967Total noninterest expense
$2,434Salaries and employee benefits
$804Premises and equipment expense
$729Additional noninterest expense
$2,110Pre-tax net operating income
$0Securities gains (losses)
$861Applicable income taxes
$1,249Income before extraordinary items
$0Extraordinary gains - net
$1,249Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$55Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.46%Yield on earning assets
4.16%Cost of funding earning assets
3.30%Net interest margin
0.35%Noninterest income to earning assets
2.34%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.20%Pretax return on assets
6.35%Return on equity (ROE)
6.35%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-218.18%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,015Assets per employee
3.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
110.81%Noncurrent assets plus other real estate owned to assets
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