The First National Bank of Rhinebeck in Rhinebeck, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1994

  • The First National Bank of Rhinebeck in Rhinebeck, New York (NY)
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The First National Bank of Rhinebeck - Overview

  • General
  • FDIC Certificate #: 7276
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier National Bank (#6964)
    Federal Reserve ID: 766418
    Date Established: June 01, 1853
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 11452
    FDIC's unique #: 4781
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 30, 1994
    Last Structure Change Process Date: October 19, 1994
    Last Data Update: October 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Mill Street, Rhinebeck, NY 12572
    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: $318.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $157Total assets
  • $297,140Cash and due from depository institutions
  • $18,804Interest-bearing balances
  • $263Securities
  • $55,965Federal funds sold & reverse repurchase agreements
  • $8,225Net loans & leases
  • $206,013Loan loss allowance
  • $4,151Trading account assets
  • $0Bank premises and fixed assets
  • $3,682Other real estate owned
  • $45Goodwill and other intangibles
  • $4,406Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $297,140Total liabilities
  • $270,796Total deposits
  • $267,908Interest-bearing deposits
  • $210,063Deposits held in domestic offices
  • 267908.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,888Total equity capital
  • $2,888Total bank equity capital
  • $26,344Perpetual preferred stock
  • $6,555Common stock
  • $1,058Surplus
  • $8,723Undivided profits
  • Memoranda
  • $10,008Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,971Income earned, not collected on loans
  • $1,150Earning assets
  • $270,466Long-term assets (5+ years)
  • $38,677Average Assets, year-to-date
  • $280,678Average Assets, quarterly
  • $287,773Volatile liabilities
  • $10,595Insider loans
  • $3,723FHLB advances
  • $0Loans and leases held for sale
  • $1,358Unused loan commitments
  • $21,436Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,979Total risk weighted assets
  • $207,494Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,968Total interest expense
  • $6,336Net interest income
  • $13,632Provision for loan and lease losses
  • $1,894Total noninterest income
  • $2,612Fiduciary activities
  • $269Service charges on deposit accounts
  • $1,322Trading account gains & fees
  • $0Additional noninterest income
  • $1,021Total noninterest expense
  • $9,694Salaries and employee benefits
  • $4,662Premises and equipment expense
  • $1,795Additional noninterest expense
  • $3,237Pre-tax net operating income
  • $4,656Securities gains (losses)
  • $0Applicable income taxes
  • $1,721Income before extraordinary items
  • $2,935Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,935Net charge-offs
  • $871Cash dividends
  • $2,393Sale, conversion, retirement of capital stock, net
  • $122Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 2.46%Net interest margin
  • 5.30%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 3.77%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 1.66%Return on equity (ROE)
  • 11.29%Retained earnings to average equity (YTD only)
  • 2.09%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 217.45%Efficiency ratio
  • 59,677Assets per employee
  • 1.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.53%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 210.60%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 76.90%Net loans and leases to core deposits
  • 80.06%Equity capital to assets
  • 8.87%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $280,678Average earning assets
  • $25,991Average equity
  • $257,136Average loans

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