The Bank of Greene County in Catskill, New York (NY)

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The Bank of Greene County
GeneralFDIC Certificate #: 21591
Status: Active
Federal Reserve ID: 214106
Date Established: May 18, 1974
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 13 (Domestic: 13, Interstate: No)
OTS Docket #: 18028
FDIC's unique #: 14936
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Mortgage Lending Specialization
Date of Deposit Insurance: May 18, 1974
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 425 Main Street, Catskill, NY 12414
County: Greene
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
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $559.6 mil
Equity capital: $49.0 mil
Deposits held in domestic offices: $495.6 mil
Return on assets (ROA): 1.05% ($5.9 mil)
Quarterly return on assets: 1.12% ($6.3 mil)
Return on Equity (ROE): 12.47% ($6.1 mil)
Quarterly return on equity: 12.95% ($6.3 mil)
Net income: $5.8 mil
Quarterly Net income: $1.6 mil
Pretax return on assets: 1.57% ($8,785.0 mil)
Quarterly Pretax return on assets: 1.65% ($9,232.6 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)
Total employees (full-time equivalent)118
Total assets$559,554
Cash and due from depository institutions$18,846
Interest-bearing balances$10,831
Federal funds sold & reverse repurchase agreements$1,042
Net loans & leases$311,784
Loan loss allowance $5,441
Trading account assets$0
Bank premises and fixed assets$15,044
Other real estate owned$361
Goodwill and other intangibles$0
All other assets$6,493
Life insurance assets$559,554
Total liabilities and capital$510,543
Total liabilities$495,592
Total deposits$479,358
Interest-bearing deposits$495,592
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $2,951
All other liabilities $49,011
Total equity capital$49,011
Total bank equity capital$49,011
Perpetual preferred stock$0
Common stock$1
Undivided profits $45,342
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $7,217
Earning assets $0
Long-term assets (5+ years) $2,714
Average Assets, year-to-date $529,641
Average Assets, quarterly $0
Volatile liabilities $550,907
Insider loans $558,134
FHLB advances $296,914
Loans and leases held for sale $557,488
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $48,384
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,422
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,725
Total interest expense $4,087
Net interest income $20,638
Provision for loan and lease losses $1,688
Total noninterest income $4,460
Fiduciary activities $0
Service charges on deposit accounts $2,411
Trading account gains & fees $0
Additional noninterest income $2,049
Total noninterest expense $14,784
Salaries and employee benefits $7,826
Premises and equipment expense $1,880
Additional noninterest expense $5,078
Pre-tax net operating income $8,626
Securities gains (losses) $30
Applicable income taxes $2,855
Income before extraordinary items $5,801
Extraordinary gains - net $0
Net income attributable to bank $5,801
Net charge-offs $0
Cash dividends $5,801
Sale, conversion, retirement of capital stock, net $399
Net operating income $1,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 0.79%
Net interest margin 3.97%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 2.84%
Net operating income to assets 1.05%
Return on assets (ROA) 1.05%
Pretax return on assets 1.57%
Return on equity (ROE) 12.47%
Retained earnings to average equity (YTD only) 9.24%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 423.06%
Efficiency ratio25.85%
Assets per employee$58,905
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 25.86%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 75.39%
Noncurrent loans to loans 1.35%
Net loans and leases to deposits2.28%
Net loans and leases to core deposits 62.91%
Equity capital to assets 63.54%
Core capital (leverage) ratio 8.76%
Tier 1 risk-based capital ratio 8.68%
Total risk-based capital ratio 16.30%
Average assets$18
Average earning assets$550,907
Average equity $46,526
Average loans $520,401
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13 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014936The Bank Of Greene County425 Main Street, Catskill, NY 12414May 18, 1974Full Service Brick and Mortar
1253087Coxsackie Branch2 Technology Drive, West Coxsackie, NY 12192September 28, 1974Full Service Brick and Mortar
2253088Cairo Branch230 Matt Simons Road, Cairo, NY 12413November 12, 1988Full Service Brick and Mortar
3253089Greenville Branch4 Garland Lane, Greenville, NY 12083November 22, 1997Full Service Brick and Mortar
4356699Tannersville Branch6176 Main Street, Tannersville, NY 12485June 10, 2000Full Service Brick and Mortar
5359531Westerlo Branch593 Ny Route 143, Westerlo, NY 12193Febuary 24, 2001Full Service Brick and Mortar
64460057th Street Hudson Branch21 North 7th Street, Hudson, NY 12534November 14, 2005Full Service Brick and Mortar
7461002Catskill Branch100 Catskill Commons, Catskill, NY 12414Febuary 01, 2007Full Service Retail
8490051Ravena-Coeymans Branch2494 U.S. Route 9w, Ravena, NY 12143January 12, 2009Full Service Brick and Mortar
9491851Ghent Branch2631 Route 66, Ghent, NY 12075January 12, 2008Full Service Brick and Mortar
10496012Adminstrative Branch302 Main Street, Catskill, NY 12414October 01, 1999Limited Service Administrative
11496013Greenport Branch106 Fairview Avenue, Hudson, NY 12534March 05, 2007Full Service Retail
12513654Germantown Branch4266 State Route 9g, Germantown, NY 12526October 25, 2010Full Service Brick and Mortar
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