Walden Savings Bank in Montgomery, New York (NY)
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| Walden Savings Bank | |
|---|---|
| General | FDIC Certificate #: 15987 Status: Active Federal Reserve ID: 341310 Date Established: April 01, 1872 WWW: http://www.waldensavingsbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 18043 FDIC's unique #: 10218 Numeric code: 34 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: Commercial Lending Specialization Date of Deposit Insurance: July 01, 1943 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 |
| Location | Address: 15 Scotts Corners Drive, Montgomery, NY 12549 County: Orange Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Newburgh, NY-PA (#5660) 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) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $410.7 mil Equity capital: $36.2 mil Deposits held in domestic offices: $368.1 mil Return on assets (ROA): 0.66% ($2.7 mil) Quarterly return on assets: 0.54% ($2.2 mil) Return on Equity (ROE): 7.76% ($2.8 mil) Quarterly return on equity: 6.19% ($2.2 mil) Net income: $2.7 mil Quarterly Net income: $0.6 mil Pretax return on assets: 0.82% ($3,367.4 mil) Quarterly Pretax return on assets: 0.80% ($3,285.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 136 |
| Total assets | $410,662 |
| Cash and due from depository institutions | $23,042 |
| Interest-bearing balances | $13,955 |
| Securities | $45,666 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $312,023 |
| Loan loss allowance | $3,012 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,297 |
| Other real estate owned | $3,190 |
| Goodwill and other intangibles | $606 |
| All other assets | $10,838 |
| Life insurance assets | $410,662 |
| Total liabilities and capital | $374,509 |
| Total liabilities | $368,087 |
| Total deposits | $350,114 |
| Interest-bearing deposits | $368,087 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,966 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,456 |
| All other liabilities | $36,153 |
| Total equity capital | $36,153 |
| Total bank equity capital | $36,153 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $36,153 |
| Memoranda | |
| 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 | $9,617 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,372 |
| Average Assets, year-to-date | $371,644 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $406,966 |
| Insider loans | $411,715 |
| FHLB advances | $285,993 |
| Loans and leases held for sale | $409,843 |
| Unused loan commitments | $5,315 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $35,334 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $42,039 |
| Derivatives | $2,484 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $18,404 |
| Total interest expense | $2,265 |
| Net interest income | $16,139 |
| Provision for loan and lease losses | $2,231 |
| Total noninterest income | $4,507 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,408 |
| Trading account gains & fees | -$10 |
| Additional noninterest income | $3,109 |
| Total noninterest expense | $15,069 |
| Salaries and employee benefits | $8,946 |
| Premises and equipment expense | $2,158 |
| Additional noninterest expense | $3,965 |
| Pre-tax net operating income | $3,346 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $657 |
| Income before extraordinary items | $2,689 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,689 |
| Net charge-offs | $0 |
| Cash dividends | $2,689 |
| Sale, conversion, retirement of capital stock, net | $2,240 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.97% |
| Cost of funding earning assets | 0.61% |
| Net interest margin | 4.36% |
| Noninterest income to earning assets | 1.22% |
| Noninterest expense to earning assets | 4.07% |
| Net operating income to assets | 0.66% |
| Return on assets (ROA) | 0.66% |
| Pretax return on assets | 0.82% |
| Return on equity (ROE) | 7.76% |
| Retained earnings to average equity (YTD only) | 7.76% |
| Net charge-offs to loans | 0.71% |
| Credit loss provision to net charge-offs | 99.60% |
| Efficiency ratio | 2.49% |
| Assets per employee | $72,988 |
| Cash dividends to net income (YTD only) | 3.02% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.96% |
| Noncurrent assets plus other real estate owned to assets | 31.32% |
| Noncurrent loans to loans | 2.81% |
| Net loans and leases to deposits | 3.05% |
| Net loans and leases to core deposits | 84.77% |
| Equity capital to assets | 86.09% |
| Core capital (leverage) ratio | 8.80% |
| Tier 1 risk-based capital ratio | 8.62% |
| Total risk-based capital ratio | 12.35% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $406,966 |
| Average equity | $34,635 |
| Average loans | $370,038 |
| 11 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10218 | Walden Savings Bank | 15 Scotts Corners Drive, Montgomery, NY 12549 | April 01, 1872 | Full Service Brick and Mortar |  |
| 1 | 236391 | Washingtonville Branch | 127 East Main Street, Washingtonville, NY 10992 | April 30, 1973 | Full Service Brick and Mortar |  |
| 2 | 236392 | Montgomery Branch | 99 Clinton Street, Montgomery, NY 12549 | December 15, 1975 | Full Service Brick and Mortar | |
| 3 | 236393 | Cornwall Branch | 321 Hudson Street, Cornwall On The Hudson, NY 12520 | June 17, 1976 | Full Service Brick and Mortar | |
| 4 | 236394 | Pine Bush Branch | 50 Boniface Drive, Pine Bush, NY 12566 | March 10, 1990 | Full Service Brick and Mortar | |
| 6 | 236396 | Gardiner Branch | 2356 State Route 44/55, Gardiner, NY 12525 | Febuary 02, 1998 | Full Service Brick and Mortar | |
| 7 | 236397 | New Windsor Branch | 213 Quassaick Avenue, New Windsor, NY 12553 | July 15, 1999 | Full Service Brick and Mortar | |
| 9 | 419618 | Walden Branch | 2 Bank Street, Walden, NY 12586 | December 05, 2002 | Full Service Brick and Mortar | |
| 10 | 474335 | Circleville Branch | 2108 Route 302, Circleville, NY 10919 | May 30, 2007 | Full Service Brick and Mortar | |
| 11 | 477858 | Middlehope Branch | 5239 Route 9w North, Newburgh, NY 12550 | August 27, 2007 | Full Service Brick and Mortar | |
| 12 | 521527 | Florida Branch | 95 N Main St, Florida, NY 10921 | June 30, 2011 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.