Glens Falls National Bank

Glens Falls National Bank is headquartered in Glens Falls and is the 33^rd largest bank in the state of New York. It is also the 395^th largest bank in the nation. It was established in 1851 and as of March of 2012, it had grown to 484 employees at 29 locations. Glens Falls National Bank has a 5-star health rating.

Data for Q1 2012

Institution Statistics Glens Falls National Bank and Trust Company FDIC Certificate # 7074 BankRate Report View Year Established 1851 Employees 484 Primary Regulator OCC Assets and Liabilities Assets $1.73 billion Loans $923.96 million Deposits $1.50 billion Equity Capital $157.33 million Loan Loss Allowance $12.31 million Unbacked Noncurrent Loans $3.41 million Real Estate Owned $510,000 Historic Data - March 2011 Assets $1.70 billion Equity Capital $151.29 million Loan Loss Allowance $12.07 million Unbacked Noncurrent Loans $2.13 million Profit Margin - Quarterly Net Interest Margin 3.08% Return on Assets 1.09% Return on Equity 11.83% Interest Income $15.12 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 March 31, 2012 Glens Falls National Bank had $3.92 million in non-current loans and owned real-estate with $169.64 million in equity and loan loss allowances on hand to cover it. This gives Glens Falls National Bank a Texas Ratio of 2.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Glens Falls National Bank held steady from 1.31% as of March 31, 2011 to 2.31% as of March 31, 2012, resulting in a negative change of 77.02%. This indicates that the balance sheet and financial strength for Glens Falls National Bank has held steady in recent periods. Deposit Growth In the past year, Glens Falls National Bank has increased its total deposits by $135.43 million, resulting in 9.93% 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 Glens Falls National Bank has shown is excellent. Capitalization 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. Glens Falls National Bank has $1.73 billion in assets with $169.64 million in equity, resulting in a capitalization level of 9.83%, which is average.

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