Ulster Savings Bank in Kingston, New York (NY)
| Ulster Savings Bank | |
|---|---|
| General | FDIC Certificate #: 15970 Status: Active Federal Reserve ID: 301800 Date Established: April 13, 1851 WWW: http://www.ulstersavings.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 14 (Domestic: 14, Interstate: No) OTS Docket #: 7954 FDIC's unique #: 10201 Numeric code: 42 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: April 04, 2012 Last Structure Change Process Date: April 04, 2012 Last Data Update: April 04, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 180 Schwenk Drive, Kingston, NY 12401 County: Ulster 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 Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): Kingston, NY (#28740) CBSA Metro Statistical Area: Kingston, NY (#28740) |
| Financial Summary | Total assets: $714.6 mil Equity capital: $85.9 mil Deposits held in domestic offices: $624.5 mil Return on assets (ROA): 0.46% ($3.3 mil) Quarterly return on assets: 0.46% ($3.3 mil) Return on Equity (ROE): 3.93% ($3.4 mil) Quarterly return on equity: 3.89% ($3.3 mil) Net income: $3.3 mil Quarterly Net income: $0.8 mil Pretax return on assets: 0.71% ($5,073.6 mil) Quarterly Pretax return on assets: 0.67% ($4,787.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 307 |
| Total assets | $714,591 |
| Cash and due from depository institutions | $28,958 |
| Interest-bearing balances | $20,906 |
| Securities | $47,912 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $570,660 |
| Loan loss allowance | $6,931 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,245 |
| Other real estate owned | $4,559 |
| Goodwill and other intangibles | $10,945 |
| All other assets | $39,312 |
| Life insurance assets | $714,591 |
| Total liabilities and capital | $628,660 |
| Total liabilities | $624,519 |
| Total deposits | $574,987 |
| Interest-bearing deposits | $624,519 |
| Deposits held in domestic offices | $85 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,141 |
| All other liabilities | $85,931 |
| Total equity capital | $85,931 |
| Total bank equity capital | $85,931 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $8,071 |
| Undivided profits | $77,860 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $5,722 |
| Income earned, not collected on loans | $37,204 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,106 |
| Average Assets, year-to-date | $639,478 |
| Average Assets, quarterly | $189,782 |
| Volatile liabilities | $724,831 |
| Insider loans | $723,229 |
| FHLB advances | $534,602 |
| Loans and leases held for sale | $717,945 |
| Unused loan commitments | $22,546 |
| Tier 1 (core) risk-based capital | $22,546 |
| Tier 2 risk-based capital | $82,912 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $67,972 |
| Derivatives | $1,083 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $32,706 |
| Total interest expense | $5,266 |
| Net interest income | $27,440 |
| Provision for loan and lease losses | $2,541 |
| Total noninterest income | $18,177 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,241 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $15,936 |
| Total noninterest expense | $38,840 |
| Salaries and employee benefits | $22,202 |
| Premises and equipment expense | $4,534 |
| Additional noninterest expense | $12,104 |
| Pre-tax net operating income | $4,236 |
| Securities gains (losses) | $895 |
| Applicable income taxes | $1,803 |
| Income before extraordinary items | $3,328 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,328 |
| Net charge-offs | $0 |
| Cash dividends | $3,328 |
| Sale, conversion, retirement of capital stock, net | $1,168 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.04% |
| Cost of funding earning assets | 0.81% |
| Net interest margin | 4.23% |
| Noninterest income to earning assets | 2.80% |
| Noninterest expense to earning assets | 5.99% |
| Net operating income to assets | 0.38% |
| Return on assets (ROA) | 0.46% |
| Pretax return on assets | 0.71% |
| Return on equity (ROE) | 3.93% |
| Retained earnings to average equity (YTD only) | 3.93% |
| Net charge-offs to loans | 0.20% |
| Credit loss provision to net charge-offs | 217.55% |
| Efficiency ratio | 5.80% |
| Assets per employee | $85,017 |
| Cash dividends to net income (YTD only) | 2.33% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.20% |
| Noncurrent assets plus other real estate owned to assets | 18.63% |
| Noncurrent loans to loans | 5.84% |
| Net loans and leases to deposits | 6.44% |
| Net loans and leases to core deposits | 91.38% |
| Equity capital to assets | 93.02% |
| Core capital (leverage) ratio | 12.03% |
| Tier 1 risk-based capital ratio | 11.55% |
| Total risk-based capital ratio | 15.51% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $724,831 |
| Average equity | $84,697 |
| Average loans | $648,901 |
| 14 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10201 | Ulster Savings Bank | 180 Schwenk Drive, Kingston, NY 12401 | April 13, 1851 | Full Service Brick and Mortar |  |
| 1 | 236271 | New Paltz Branch | 226 Main Street, New Paltz, NY 12561 | March 01, 1971 | Full Service Brick and Mortar |  |
| 2 | 236272 | Poughkeepsie Branch | Burnett Boulevard Extension, Arlington, NY 12603 | January 02, 1973 | Full Service Brick and Mortar | |
| 4 | 236274 | Poughkeepsie Ii Branch | Beechwood Avenue And South Road, Poughkeepsie Township, NY 12601 | October 18, 1975 | Full Service Brick and Mortar | |
| 5 | 236275 | Centre Savings Branch | 180 Schwenk Drive, Kingston, NY 12401 | March 11, 1996 | Full Service Brick and Mortar | |
| 6 | 364259 | Saugerties Branch | 1 Twin Males Plaza, Route 9-W, Saugerties, NY 12477 | September 04, 2001 | Full Service Brick and Mortar | |
| 7 | 430429 | Stone Ridge Branch | 3857 Main Street, Stone Ridge, NY 12484 | October 04, 2003 | Full Service Brick and Mortar | |
| 8 | 443058 | Red Hook Branch | 7296 South Broadway, Red Hook, NY 12571 | April 01, 2005 | Full Service Brick and Mortar | |
| 9 | 443059 | Saugerties Satellite Branch | 318 Main Street, Saugerties, NY 12477 | March 01, 2005 | Full Service Brick and Mortar | |
| 10 | 451938 | Wappingers Falls Branch | 1315 Route 9, Wappingers Falls, NY 12590 | July 25, 2005 | Full Service Brick and Mortar | |
| 11 | 451939 | Phoenicia Branch | 58 Main Street, First Floor, Phoenicia, NY 12464 | September 19, 2005 | Full Service Brick and Mortar | |
| 12 | 468802 | Windham Branch | 5494 Main Street, Windham, NY 12496 | October 01, 2007 | Full Service Brick and Mortar | |
| 13 | 476106 | Gardiner Branch | 2201 Route 44/55, Gardiner, NY 12525 | January 02, 2008 | Full Service Brick and Mortar | |
| 14 | 479135 | Woodstock Branch | 62 Mill Hill Road, Woodstock, NY 12498 | May 12, 2008 | Full Service Brick and Mortar | |
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