Greene County Bancorp, Inc. (GCBC) Bundle
A Brief History of Greene County Bancorp, Inc. (GCBC)
Company Overview
Greene County Bancorp, Inc. is a bank holding company headquartered in Catskill, New York. The company operates through its primary subsidiary, Greene County Savings Bank.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.28 billion |
| Net Income | $22.4 million |
| Return on Equity | 12.3% |
| Stock Price (as of December 2023) | $37.85 |
Branch Network
- Total Branches: 16
- Geographic Coverage: Greene, Columbia, and Albany Counties in New York
- Primary Service Areas: Hudson, Catskill, and surrounding regions
Regulatory Information
GCBC is regulated by the Federal Deposit Insurance Corporation (FDIC) and the New York State Department of Financial Services.
Stock Information
Traded on: NASDAQ
Ticker Symbol: GCBC
Key Business Segments
- Commercial Banking
- Residential Lending
- Personal Banking
- Online and Mobile Banking Services
A Who Owns Greene County Bancorp, Inc. (GCBC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 332,477 | 7.83% |
| BlackRock Inc. | 246,739 | 5.81% |
| Dimensional Fund Advisors LP | 214,885 | 5.06% |
Insider Ownership
As of the most recent filing, company executives and directors own approximately 3.2% of total shares.
Top Individual Shareholders
- David Holden (President and CEO): 45,672 shares
- Robert Gomeringer (CFO): 22,341 shares
- Thomas Schneider (Chairman): 38,916 shares
Ownership Distribution
The ownership breakdown indicates that approximately 75.3% of shares are held by institutional investors, with the remaining distributed among individual shareholders and retail investors.
Shareholder Composition
| Category | Percentage |
|---|---|
| Institutional Investors | 75.3% |
| Insider Ownership | 3.2% |
| Retail Investors | 21.5% |
Greene County Bancorp, Inc. (GCBC) Mission Statement
Company Overview
Greene County Bancorp, Inc. is a bank holding company headquartered in Catskill, New York, with total assets of $1.69 billion as of December 31, 2023.
Strategic Focus Areas
- Provide comprehensive financial services in Hudson Valley and Capital Region
- Maintain strong community banking presence
- Support local economic development
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Assets | $1.69 billion |
| Net Income | $49.3 million |
| Return on Equity | 13.2% |
| Loan Portfolio | $1.33 billion |
Core Banking Services
- Commercial lending
- Personal banking
- Small business banking
- Digital banking solutions
Operational Reach
Branch Network: 42 branches across New York State
How Greene County Bancorp, Inc. (GCBC) Works
Company Overview
Greene County Bancorp, Inc. is a bank holding company headquartered in Catskill, New York. The company operates through its primary subsidiary, Greene County Bank.
Financial Performance
| Total Assets (as of Q4 2023) | $1.04 billion |
| Net Income (2023) | $14.2 million |
| Return on Equity | 12.45% |
| Tier 1 Capital Ratio | 14.62% |
Banking Services
- Commercial and consumer lending
- Personal and business checking accounts
- Savings accounts
- Online and mobile banking
- Investment services
Geographic Presence
Greene County Bancorp operates 13 branch locations primarily in Greene, Columbia, and Albany counties in New York State.
Stock Information
| Stock Symbol | GCBC |
| Stock Price (as of February 2024) | $36.75 |
| Market Capitalization | $294 million |
Loan Portfolio Breakdown
| Commercial Real Estate Loans | $468 million |
| Residential Real Estate Loans | $312 million |
| Commercial Business Loans | $198 million |
| Consumer Loans | $62 million |
Deposit Composition
| Total Deposits | $908 million |
| Non-Interest Bearing Deposits | $156 million |
| Interest-Bearing Deposits | $752 million |
How Greene County Bancorp, Inc. (GCBC) Makes Money
Net Interest Income
As of Q3 2023, Greene County Bancorp reported net interest income of $20.8 million, representing the primary revenue source from lending activities.
| Loan Category | Total Balance | Interest Yield |
|---|---|---|
| Commercial Real Estate | $486.3 million | 5.42% |
| Residential Real Estate | $312.7 million | 4.89% |
| Consumer Loans | $64.5 million | 6.15% |
Fee-Based Income
In 2023, fee-based income totaled $5.4 million, derived from various banking services.
- Service charges on deposit accounts: $1.9 million
- Mortgage banking revenue: $1.2 million
- ATM and debit card fees: $1.3 million
- Other financial services fees: $1.0 million
Investment Portfolio
Investment securities portfolio value: $162.5 million, generating additional interest income.
| Investment Type | Market Value | Average Yield |
|---|---|---|
| U.S. Government Securities | $87.6 million | 3.75% |
| Municipal Bonds | $45.3 million | 4.22% |
| Corporate Bonds | $29.6 million | 4.65% |
Operational Metrics
Financial performance indicators for 2023:
- Total assets: $1.2 billion
- Total deposits: $1.05 billion
- Net income: $22.6 million
- Return on Average Assets (ROAA): 1.89%
- Net interest margin: 3.75%
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