5 star ratingAverage User Rating:
5 star rating based on 1 review.

Bank of Greene County

Bank of Greene County Locations
425 Main Street
Catskill, NY 12414
(518) 943-2600
www.thebankofgreenecounty.com

Bank of Greene County is headquartered in Catskill and is the 75th largest bank in the state of New York. It is also the 1,205th largest bank in the nation. It was established in 1974 and as of September of 2011, it had grown to 116 employees at 13 locations. Bank of Greene County has a 4-star health rating.

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Free Apple iPod Touch Checking Account Bonus at The Bank of Greene County in NY - Local Only - 8/16/2010

The Bank of Greene County is offering a free Apple 8GB iPod touch for opening any personal checking account and for performing the following two activities: Sign up for direct deposit Use the ...


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Data for Q3 2011


Institution Statistics


The Bank of Greene County
OTS #18028
FDIC Certificate #21591
BankRate ReportView
Year Established1974
Employees116
Primary RegulatorOCC

Assets and Liabilities

Assets$556.71 million
Loans$307.19 million
Deposits$494.31 million
Equity Capital$47.56 million
Loan Loss Allowance$5.33 million
Unbacked Noncurrent Loans$7.25 million
Real Estate Owned$243,000

Historic Data - September 2010

Assets$528.39 million
Equity Capital$44.11 million
Loan Loss Allowance$4.30 million
Unbacked Noncurrent Loans$4.99 million
Real Estate Owned$200,000

Profit Margin - Quarterly

Net Interest Margin3.96%
Return on Assets1.03%
Return on Equity12.31%
Interest Income$18.53 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Bank of Greene County had $7.5 million in non-current loans and owned real-estate with $52.89 million in equity and loan loss allowances on hand to cover it. This gives Bank of Greene County a Texas Ratio of 14.17% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bank of Greene County held steady from 10.71% as of September 30, 2010 to 14.17% as of September 30, 2011, resulting in a negative change of 32.27%. This indicates that the balance sheet and financial strength for Bank of Greene County has held steady in recent periods.
Deposit Growth5
In the past year, Bank of Greene County has increased its total deposits by $29.9 million, resulting in 6.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Greene County has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Greene County has $556.71 million in assets with $52.89 million in equity, resulting in a capitalization level of 9.50%, which is average.
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The Bank Of Greene County (A Community Bank) Is The Way To Go !
5 stars - Accordguy0325 - Sunday, November 7, 2010 - 9:52 PM

I have had many accounts over the years with numberous banks, nearly all of which were held at large national banks such as B of A and Citizens Bank.

I stumbled upon The Bank of Greene County due to a friend and never thought I would bank there, just hadn't crossed my mind as an option I guess.

Not only did I get a free IPOD during the IPOD promo give-away, The Bank of Greene County gives me 5.00% on my checking and savings account(s) up to a total balance of 1000.00 per account (allowed to have 4). Free checking accounts at many national banks are starting to vanish, but not at Greene County - still completely free.

In addition to a totally free account that earns 5.00% interest, I also earn hundreds of bonus points through the VISA rewards program associated with my debit card  that Greene County participates in. I earn 100 points for each account, and for things like direct deposit, using online banking, bill pay, etc - up to a total of 1000 bonus points per month on top of points for using my debit card.

The only downside is there aren't many branches in my area but all in all, its a very rewarding relationship and I'm glad I came across The Bank of Greene County -

5
 
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