Vitals
  • Total Assets
    2.2B 4.9 %
  • Total Deposits
    1.7B 2.1 %
  • Total Net Loans
    1.4B 10.1 %
  • Net Income
    22.6M 3.7 %
  • Book Value
    202.6M 6.7 %
  • Book Value x2
    405.1M 6.7 %
  • Book Value x3
    607.7M 6.7 %
ROAA

1.076

ROAE

11.451

Efficiency Ratio

58.678

Net Interest Margin

3.168

Balance Sheet Highlights
Financial Highlights Glens Falls National Bank And Trust Company All Insured Commercial Banks in New York
Balance Sheet $(000)
Total Assets 2,158,385 1,637,033
Total Net Loans 1,387,420 1,047,955
Total Deposits 1,746,371 1,296,950
Total Equity 202,612 187,165
Profitability
Net Income 22,586 13,254
Return on Average Assets 1.076 .773
Return on Average Equity 11.451 7.506
Net Interest Margin 3.168 3.19
Efficiency Ratio 58.678 65.064
Noninterest Income/Revenue 28.943 18.239
Balance Sheet Ratios
Loan-to-Deposit 79.446 73.986
Securities/Assets .288 .167
Total Equity/Total Assets .094 .114
Tangible Equity/Tangible Assets .083 .109
Capital Adequacy
Tier 1 Common Capital 191,628 154,500
Tier 1 Capital 191,679 155,066
Tier 2 Capital 13,894 9,750
Total Capital 205,573 168,084
Total Risk Weighted Assets 1,374,518 1,138,832
Leverage Ratio 9.06 10.188
Common Equity Tier 1 Capital Ratio 13.94 16.458
Tier 1 Capital Ratio 13.95 16.551
Total Capital Ratio 14.96 17.647

Timeline for Glens Falls National Bank And Trust Company

Glens Falls National Insurance Agencies, Llc

Glens Falls National Insurance Agencies, Llc became a new subsidiary organization for Glens Falls National Bank And Trust Company.

View Profile Aug 01 2011

Upstate Agency, Llc

Upstate Agency, Llc became a new subsidiary organization for Glens Falls National Bank And Trust Company.

View Profile Feb 01 2011

U.S. Benefits, Inc.

Acquisition: Glens Falls National Bank And Trust Company acquired a new subsidiary, U.S. Benefits, Inc. , 13 years

View Profile Sep 01 2010

Loomis & Lapann, Inc.

Loomis & Lapann, Inc. became a new subsidiary organization for Glens Falls National Bank And Trust Company.

View Profile Apr 01 2010

U.S. Benefits, Inc.

U.S. Benefits, Inc. became a new subsidiary organization for Glens Falls National Bank And Trust Company.

View Profile Jul 01 2008

Want to see more?

Complete timeline for Glens Falls National Bank And Trust Company is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
U.S. Benefits, Inc. Seller Pooling of Interests Discontinued 9/1/2010
The Cambridge Valley National Bank Seller 7,960 Discontinued 11/1/1973
The National Bank Of Schuylerville Seller 7,196 Discontinued 7/1/1973
Chester Schroon Horicon Bank Seller Discontinued 1/2/1968
Relationships Role Relationship Start Relationship End
Arrow Financial Corporation Parent 9/1/1983
Arrow Properties, Inc. Subsidary 6/30/2007
North Country Investment Advisers, Inc. Subsidary 6/30/2007
Nc Financial Services, Inc. Subsidary 10/11/2001
Capital Financial Group, Inc. Subsidary 6/30/2007
Glens Falls National Community Develoment Corporation Subsidary 6/30/2007
Upstate Agency, Llc Subsidary 2/1/2011
Glens Falls National Insurance Agencies, Llc Subsidary 8/1/2011
Loomis & Lapann, Inc. Subsidary 4/1/2010 10/30/2015
U.S. Benefits, Inc. Subsidary 7/1/2008 8/31/2010
Arrow Properties, Inc. Subsidary 1/5/1998 6/29/2007
North Country Investment Advisers, Inc. Subsidary 3/1/2001 6/29/2007
Capital Financial Group, Inc. Subsidary 11/29/2004 6/29/2007
Glens Falls National Community Develoment Corporation Subsidary 9/2/2005 6/29/2007
Arrow Properties, Inc. Subsidary 9/23/1997 1/4/1998
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