Wallkill Valley Federal Savings and Loan Association in Wallkill, New York (NY)

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Wallkill Valley Federal Savings and Loan Association
GeneralFDIC Certificate #: 28870
Status: Active
Federal Reserve ID: 7072
Date Established: January 01, 1913
WWW: http://www.wallkill.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 2528
FDIC's unique #: 41704
Numeric code: 38
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: September 18, 1935
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: 23 Wallkill Avenue, Wallkill, NY 12589
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)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $134.4 mil
Equity capital: $25.2 mil
Deposits held in domestic offices: $100.2 mil
Return on assets (ROA): 0.36% ($0.5 mil)
Quarterly return on assets: -0.19% (-$0.3 mil)
Return on Equity (ROE): 1.89% ($0.5 mil)
Quarterly return on equity: -1.02% (-$0.3 mil)
Net income: $0.5 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.51% ($685.3 mil)
Quarterly Pretax return on assets: -0.39% (-$524.1 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)19
Total assets$134,378
Cash and due from depository institutions$2,760
Interest-bearing balances$923
Federal funds sold & reverse repurchase agreements$380
Net loans & leases$108,195
Loan loss allowance $1,118
Trading account assets$0
Bank premises and fixed assets$3,456
Other real estate owned$3,265
Goodwill and other intangibles$533
All other assets$5,851
Life insurance assets$134,378
Total liabilities and capital$109,227
Total liabilities$100,238
Total deposits$97,940
Interest-bearing deposits$100,238
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,000
Other borrowed funds $0
Subordinated debt $2,989
All other liabilities $25,151
Total equity capital$25,151
Total bank equity capital$25,151
Perpetual preferred stock$0
Common stock$0
Undivided profits $25,151
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 $3,610
Earning assets $0
Long-term assets (5+ years) $523
Average Assets, year-to-date $119,436
Average Assets, quarterly $0
Volatile liabilities $130,348
Insider loans $134,223
FHLB advances $85,180
Loans and leases held for sale $133,959
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,732
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,361
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,302
Total interest expense $1,254
Net interest income $5,048
Provision for loan and lease losses $855
Total noninterest income $167
Fiduciary activities $0
Service charges on deposit accounts $67
Trading account gains & fees $0
Additional noninterest income $100
Total noninterest expense $3,664
Salaries and employee benefits $1,917
Premises and equipment expense $556
Additional noninterest expense $1,191
Pre-tax net operating income $696
Securities gains (losses) -$27
Applicable income taxes $197
Income before extraordinary items $472
Extraordinary gains - net $0
Net income attributable to bank $472
Net charge-offs $0
Cash dividends $472
Sale, conversion, retirement of capital stock, net $1,271
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.36%
Cost of funding earning assets 1.07%
Net interest margin 4.29%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 3.12%
Net operating income to assets 0.38%
Return on assets (ROA) 0.36%
Pretax return on assets 0.51%
Return on equity (ROE) 1.89%
Retained earnings to average equity (YTD only) 1.89%
Net charge-offs to loans 1.20%
Credit loss provision to net charge-offs 67.27%
Efficiency ratio1.22%
Assets per employee$68,437
Cash dividends to net income (YTD only)7.07%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 30.97%
Noncurrent loans to loans 5.12%
Net loans and leases to deposits3.30%
Net loans and leases to core deposits 107.94%
Equity capital to assets 112.69%
Core capital (leverage) ratio 18.72%
Tier 1 risk-based capital ratio 18.46%
Total risk-based capital ratio 29.03%
Average assets$30
Average earning assets$130,348
Average equity $24,983
Average loans $117,600
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2 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041704Wallkill Valley Federal Savings And23 Wallkill Avenue, Wallkill, NY 12589January 01, 1913Full Service Brick and Mortar
1522123Milton Branch1880 Route 9w, Milton, NY 12547Febuary 28, 2011Full Service Brick and Mortar
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