Ulster Savings Bank in Kingston, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Ulster Savings Bank - Overview

  • 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)

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
  • 307Total employees (full-time equivalent)
  • $714,591Total assets
  • $28,958Cash and due from depository institutions
  • $20,906Interest-bearing balances
  • $47,912Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $570,660Net loans & leases
  • $6,931Loan loss allowance
  • $0Trading account assets
  • $12,245Bank premises and fixed assets
  • $4,559Other real estate owned
  • $10,945Goodwill and other intangibles
  • $714,591Life insurance assets
  • $39,312All other assets
  • $628,660Total liabilities and capital
  • $624,519Total liabilities
  • $574,987Total deposits
  • $624,519Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,141Subordinated debt
  • $85,931All other liabilities
  • $85,931Total equity capital
  • $85,931Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,071Surplus
  • $77,860Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,722Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,204Income earned, not collected on loans
  • $0Earning assets
  • $2,106Long-term assets (5+ years)
  • $639,478Average Assets, year-to-date
  • $189,782Average Assets, quarterly
  • $724,831Volatile liabilities
  • $723,229Insider loans
  • $534,602FHLB advances
  • $717,945Loans and leases held for sale
  • $22,546Unused loan commitments
  • $22,546Tier 1 (core) risk-based capital
  • $82,912Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $67,972Restructured Loans and leases
  • $1,083Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,706Total interest income
  • $5,266Total interest expense
  • $27,440Net interest income
  • $2,541Provision for loan and lease losses
  • $18,177Total noninterest income
  • $0Fiduciary activities
  • $2,241Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,936Additional noninterest income
  • $38,840Total noninterest expense
  • $22,202Salaries and employee benefits
  • $4,534Premises and equipment expense
  • $12,104Additional noninterest expense
  • $4,236Pre-tax net operating income
  • $895Securities gains (losses)
  • $1,803Applicable income taxes
  • $3,328Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,328Net income attributable to bank
  • $0Net charge-offs
  • $3,328Cash dividends
  • $1,168Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.23%Net interest margin
  • 2.80%Noninterest income to earning assets
  • 5.99%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 3.93%Return on equity (ROE)
  • 3.93%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 217.55%Credit loss provision to net charge-offs
  • 5.80%Efficiency ratio
  • 85,017Assets per employee
  • 2.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 18.63%Noncurrent assets plus other real estate owned to assets
  • 5.84%Noncurrent loans to loans
  • 6.44%Net loans and leases to deposits
  • 91.38%Net loans and leases to core deposits
  • 93.02%Equity capital to assets
  • 12.03%Core capital (leverage) ratio
  • 11.55%Tier 1 risk-based capital ratio
  • 15.51%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $724,831Average earning assets
  • $84,697Average equity
  • $648,901Average loans

List of branches

  • 14 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010201Ulster Savings Bank180 Schwenk Drive, Kingston, NY 12401April 13, 1851Full Service Brick and Mortar
    1236271New Paltz Branch226 Main Street, New Paltz, NY 12561March 01, 1971Full Service Brick and Mortar
    2236272Poughkeepsie BranchBurnett Boulevard Extension, Arlington, NY 12603January 02, 1973Full Service Brick and Mortar
    4236274Poughkeepsie Ii BranchBeechwood Avenue And South Road, Poughkeepsie Township, NY 12601October 18, 1975Full Service Brick and Mortar
    5236275Centre Savings Branch180 Schwenk Drive, Kingston, NY 12401March 11, 1996Full Service Brick and Mortar
    6364259Saugerties Branch1 Twin Males Plaza, Route 9-W, Saugerties, NY 12477September 04, 2001Full Service Brick and Mortar
    7430429Stone Ridge Branch3857 Main Street, Stone Ridge, NY 12484October 04, 2003Full Service Brick and Mortar
    8443058Red Hook Branch7296 South Broadway, Red Hook, NY 12571April 01, 2005Full Service Brick and Mortar
    9443059Saugerties Satellite Branch318 Main Street, Saugerties, NY 12477March 01, 2005Full Service Brick and Mortar
    10451938Wappingers Falls Branch1315 Route 9, Wappingers Falls, NY 12590July 25, 2005Full Service Brick and Mortar
    11451939Phoenicia Branch58 Main Street, First Floor, Phoenicia, NY 12464September 19, 2005Full Service Brick and Mortar
    12468802Windham Branch5494 Main Street, Windham, NY 12496October 01, 2007Full Service Brick and Mortar
    13476106Gardiner Branch2201 Route 44/55, Gardiner, NY 12525January 02, 2008Full Service Brick and Mortar
    14479135Woodstock Branch62 Mill Hill Road, Woodstock, NY 12498May 12, 2008Full Service Brick and Mortar

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