Glenville Bank Holding Company Inc (CE) (GLNV) News

First National Bank of Scotia

Date of Data: 2013-12-31

# of Branches: 10, ranked #1051
Total Assets: $413,971,000, ranked #1619
Total Deposits: $372,143,000, ranked #1513
Total Equity Capital: $32,540,000, ranked #2103
Total Domestic Office Deposits: $372,143,000, ranked #1512
Net Income: $2,363,000, ranked #2297
Quarterly Net Income: $672,000, ranked #2073
Return on Assets: 1%, ranked #876
Quarterly Return on Assets: 1%, ranked #894
Return on Equity: 8%, ranked #2775
Quarterly Return on Equity: 9%, ranked #2249

O/S count: 184,638

Equity: $32.540MM

BV: $176.24

MV as of 5/29/2014: $85..or 48% of BV

LTM EPS: $12.23

P/E: 6.38

Average P/E for all banks in NY State: 16.27

GLNV @ 16.27 P/E would be = $198.99...and I see no reason it shouldn't be selling at the average P/E ...not to mention the average P/B for all banks in NY is 133.54%.

http://www.usbanklocations.com/first-national-bank-of-scotia-glenville-branch-financial-info.html

*Banks don't come any more solid than this...premium producing value found imo..and it's On Sale..even better!!

Marker:
Glenville Bank Holdi (GLNV)
$85.0 0.0 (0.00%)
Volume: 0

First National Bank of Scotia

FDIC Certificate #: 11501
Status: Active
Federal Reserve ID: 472616
Bank Holding Company (Regulatory Top Holder): Glenville Bank Holding Company, Inc. (RSSDID: 3471889, Location: Scotia, NY)
Date Established: January 01, 1923
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 10 (Domestic: 10, Interstate: No)
FDIC's unique #: 7349
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: Consumer Lending Specialization
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: April 05, 2012

Read more: http://www.bankencyclopedia.com/First-National-Bank-of-Scotia-11501-Scotia-New-York.html#ixzz2ti8ViBuc

First National Bank of Scotia
Headquartered in Scotia, NY

http://banktracker.investigativereportingworkshop.org/banks/new-york/scotia/first-national-bank-of-scotia/

*It's difficult to get financial info on this bank. I show a TBV of $143.78 and a MV today of $83.75.

** I do not own shares of GNLV at this time.