Ballston Spa National Bank in Ballston Spa, New York (NY)
| Ballston Spa National Bank | |
|---|---|
| General | FDIC Certificate #: 6959 Status: Active Federal Reserve ID: 505 Bank Holding Company (Regulatory Top Holder): Ballston Spa Bancorp, Inc. (RSSDID: 1048728, Location: Ballston Spa, NY) Date Established: January 01, 1838 WWW: http://www.bsnb.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 9 (Domestic: 9, Interstate: No) OTS Docket #: 13519 FDIC's unique #: 4666 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: 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: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: Febuary 17, 2011 |
| Location | Address: 87 Front Street, Ballston Spa, NY 12020 County: Saratoga 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): Albany-Schenectady-Troy, NY (#160) Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104) Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580) CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $38.8 mil Equity capital: $3.0 mil Deposits held in domestic offices: $31.0 mil Return on assets (ROA): 0.73% ($0.3 mil) Quarterly return on assets: 0.71% ($0.3 mil) Return on Equity (ROE): 1.09.2025% ($0.0 mil) Quarterly return on equity: 1.08.1991% ($0.0 mil) Net income: $0.2 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.02.2011% ($396.2 mil) Quarterly Pretax return on assets: 1.01.2011% ($392.3 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 109 |
| Total assets | $385,348 |
| Cash and due from depository institutions | $52,045 |
| Interest-bearing balances | $50,497 |
| Securities | $85,816 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $229,949 |
| Loan loss allowance | $4,595 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,158 |
| Other real estate owned | $736 |
| Goodwill and other intangibles | $1,713 |
| All other assets | $10,931 |
| Life insurance assets | $0 |
| Total liabilities and capital | $385,348 |
| Total liabilities | $356,258 |
| Total deposits | $307,810 |
| Interest-bearing deposits | $265,063 |
| Deposits held in domestic offices | $307,810 |
| % insured (estimated) | 76.18% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $45,500 |
| Subordinated debt | $0 |
| All other liabilities | $2,948 |
| Total equity capital | $29,090 |
| Total bank equity capital | $29,090 |
| Perpetual preferred stock | $29,036 |
| Common stock | $0 |
| Surplus | $6,480 |
| Undivided profits | $10,653 |
| Memoranda | |
| Noncurrent loans and leases | $11,903 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $26,860 |
| Income earned, not collected on loans | $54 |
| Earning assets | $6,185 |
| Long-term assets (5+ years) | $354 |
| Average Assets, year-to-date | $1,258 |
| Average Assets, quarterly | $366,262 |
| Volatile liabilities | $175,360 |
| Insider loans | $372,366 |
| FHLB advances | $386,881 |
| Loans and leases held for sale | $27,197 |
| Unused loan commitments | $2,531 |
| Tier 1 (core) risk-based capital | $45,500 |
| Tier 2 risk-based capital | $383 |
| Total risk weighted assets | $195 |
| Total unused commitments | $26,860 |
| Restructured Loans and leases | $0 |
| Derivatives | $2,733 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $16,766 |
| Total interest expense | $3,913 |
| Net interest income | $12,853 |
| Provision for loan and lease losses | $655 |
| Total noninterest income | $2,392 |
| Fiduciary activities | $613 |
| Service charges on deposit accounts | $594 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,185 |
| Total noninterest expense | $11,003 |
| Salaries and employee benefits | $6,561 |
| Premises and equipment expense | $1,063 |
| Additional noninterest expense | $3,379 |
| Pre-tax net operating income | $3,587 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,073 |
| Income before extraordinary items | $2,514 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,514 |
| Net charge-offs | $0 |
| Cash dividends | $2,514 |
| Sale, conversion, retirement of capital stock, net | $408 |
| Net operating income | $1,053 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.72% |
| Cost of funding earning assets | 1.10% |
| Net interest margin | 3.62% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 3.10% |
| Net operating income to assets | 0.68% |
| Return on assets (ROA) | 0.68% |
| Pretax return on assets | 0.96% |
| Return on equity (ROE) | 8.68% |
| Retained earnings to average equity (YTD only) | 5.04% |
| Net charge-offs to loans | 0.17% |
| Credit loss provision to net charge-offs | 160.54% |
| Efficiency ratio | 10.40% |
| Assets per employee | $72,089 |
| Cash dividends to net income (YTD only) | 3.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.89% |
| Loss allowance to noncurrent loans | 1.96% |
| Noncurrent assets plus other real estate owned to assets | 74.29% |
| Noncurrent loans to loans | 1.80% |
| Net loans and leases to deposits | 2.64% |
| Net loans and leases to core deposits | 74.70% |
| Equity capital to assets | 81.95% |
| Core capital (leverage) ratio | 7.54% |
| Tier 1 risk-based capital ratio | 7.44% |
| Total risk-based capital ratio | 13.53% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $372,366 |
| Average equity | $28,971 |
| Average loans | $355,070 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $79,103 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $75,323 |
| Employee benefit-defined contribution accounts | $27,060 |
| Employee benefit-defined benefit accounts | $350 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $13,297 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $34,616 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 244 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $13,297 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $3,780 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $3,353 |
| Fiduciary accounts held in foreign offices | $131 |
| 9 New York Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4666 | Ballston Spa National Bank | 87 Front Street, Ballston Spa, NY 12020 | January 01, 1838 | Full Service Brick and Mortar |  |
| 1 | 213191 | Burnt Hills Branch | 770 Saratoga Road, Burnt Hills, NY 12027 | Febuary 14, 1959 | Full Service Brick and Mortar |  |
| 2 | 213192 | Milton Crest Branch | 344 Rowland Street, Milton, NY 12020 | December 04, 1971 | Full Service Brick and Mortar | |
| 3 | 213193 | Galway Branch | 5091 Sacandaga Road, Galway, NY 12074 | April 27, 1974 | Full Service Brick and Mortar | |
| 4 | 213194 | Malta Branch | 124 Dunning Street, Malta, NY 12020 | August 17, 1974 | Full Service Brick and Mortar | |
| 5 | 213195 | Greenfield Center Branch | 3060 Route 9n, Greenfield Center, NY 12833 | November 16, 1991 | Full Service Brick and Mortar | |
| 6 | 213196 | Stillwater Branch | 159 River Road, Stillwater, NY 12170 | October 02, 1993 | Full Service Brick and Mortar | |
| 7 | 182476 | Clifton Park Branch | 256 Ushers Road, Clifton Park, NY 12065 | May 28, 1987 | Full Service Brick and Mortar | |
| 10 | 213199 | Wilton Office | Route 9, Wilton, NY 12866 | January 10, 2000 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.