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company for Gouverneur Savings and Loan Association that provides banking services to individuals and businesses in New York. It generates deposits products, such as savings accounts, NOW accounts, money market deposit accounts, checking accounts, and certificates of deposit. The company?s loan portfolio comprises residential mortgage loans, including home equity and construction loans; commercial mortgage loans; automobile and other consumer loans, such as loans unsecured or secured by savings accounts or other consumer assets; and commercial non-mortgage loans to local businesses for working capital, machinery and equipment purchases, expansion, and other business purposes. As of September 30, 2007, it served primarily the southern St. Lawrence County, and northern Jefferson and Lewis Counties through two full service branch offices in the New York state. The company was founded in 1892 and is headquartered in Gouverneur, New York. Gouverneur Bancorp, Inc. is subsidiary of Cambray Mutual Holding Company.
finance.yahoo.com/q/pr?s=GOVB+Profile
finance.yahoo.com/q/pr?s=GOVB+Profile
Datum Erster Hoch Tief Schluss Stücke Volumen
29.11.13 10,40 10,40§10,00 10,00 $ 1.800 18.125
GrB
29.11.13 10,40 10,40§10,00 10,00 $ 1.800 18.125
GrB
15:55 05.12.13
PR Newswire
GOUVERNEUR, N.Y., Dec. 5, 2013
GOUVERNEUR, N.Y., Dec. 5, 2013 /PRNewswire/ -- Charles C. Van Vleet Jr., President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") holding company for Gouverneur Savings and Loan Association (the "Bank"), announced today results for its fiscal year ended September 30, 2013.
Net income for the fiscal year ended September 30, 2013 decreased 1.23% to $1,921,000, or $0.86 per diluted share, compared to $1,945,000, or $0.87 per diluted share, in fiscal 2012. The return on average assets remained at 1.33% while the return on average equity decreased to 7.48% for the year ended September 30, 2013, from 7.80% for the year ended September 30, 2012. Total assets decreased by $2.4 million, or 1.67%, from $146.5 million at September 30, 2012 to $144.0 million at September 30, 2013. Net loans decreased $3.1 million, or 2.73%, from $113.4 million to $110.3 million over the same period.
Commenting on the results for the year, Mr. Van Vleet said, "We are pleased with our results for the 2013 fiscal year. The Bank continues to be profitable and maintains a loan portfolio with sound credit quality. Margins remain strong as compared to peer averages although, as expected, margins declined over the past year and continue to shrink in the current low interest rate environment. Bank regulatory expenses continue to grow as additional requirements are issued. The Bank will closely monitor and evaluate its financial position and explore alternative options for cost control."
The Bank remains well-capitalized with a core capital ratio of 17.59%, an increase of 0.78% from 2012. Strong asset composition with non-performing assets represented 2.06% of total assets, a decrease from the 2012 figure of 2.45%.
In fiscal 2013, interest income decreased $504,000, or 6.63%, from $7,598,000 to $7,094,000, while interest expense decreased $287,000, or 23.41%, from $1,226,000 to $939,000. Interest spread, the difference between the rate earned on interest-earning assets and the rate paid on interest-bearing liabilities, was 4.47% in fiscal 2013 and 4.54% in fiscal 2012.
Non-interest income increased $181,000, from $954,000 in fiscal year 2012 to $1,135,000 in fiscal 2013. Increases in non-sufficient funds charges and a gain on the sale of securities contributed to the increase.
Non-performing loans decreased in fiscal 2013 and the quality of our loan portfolio remains strong. Net loans decreased $3.1 million in fiscal 2013 as compared to a decrease of $2.9 million in fiscal 2012. We made a $100,000 provision for loan losses in fiscal 2013 and a $315,000 provision in the 2012 fiscal year. Non-performing assets were $2,967,000 at September 30, 2013, compared to $3,592,000 at September 30, 2012. Net charge-offs were $16,000 for the year ended September 30, 2013. The allowance for loan losses was $1,024,000 or 0.93% of total loans outstanding at September 30, 2013 as compared to $943,000 or 0.83% at September 30, 2012.
The components of non-interest expense are presented in the following table:
For the year ended
September 30,
2013
2012
(In thousands)
Salaries and employee benefits
$ 2,383
$ 2,270
Directors' fees
193
170
Data processing
220
192
Professional fees
291
260
Other operating expense
1,302
1,247
Non interest expense
$ 4,389
$4,139
Salary and employee benefits expense increased from the 2012 level due to annual salary adjustments, health insurance cost increases and increases in supplemental retirement and deferred compensation expenses. The increase in professional fees was due in part to an increase in compliance auditing expense and legal expenses related to the anticipated bank charter conversion.
Deposits increased $4.8 million, or 5.29%, to $95.4 million at September 30, 2013 from $90.6 million at September 30, 2012. Securities sold under agreements to repurchase with the Federal Home Loan Bank of New York ("FHLB), $3.0 million at September 30, 2012, were restructured into a fixed borrowing, eliminating the need for pledged collateral. The Bank currently holds no brokered deposits. Advances from the FHLB decreased $7.0 million from $25.4 million to $18.4 million over the same period as the need for the Company to utilize low-cost FHLB borrowings to fund its loan portfolio decreased as deposits increased.
Shareholders' equity was $25.5 million at September 30, 2013, representing a decrease of 0.30% over the September 30, 2012 balance of $25.6 million. The Company's book value was $11.45 per common share based on 2,229,230 shares issued and outstanding at September 30, 2013 versus $11.46 on 2,234,148 shares issued and outstanding on September 30, 2012. The Company paid cash dividends totaling $0.34 per share to all public holders of our stock, including Cambray Mutual Holding Company, our majority shareholder, during the fiscal year ending September 30, 2013.
The Company, which is headquartered in Gouverneur, New York, is the holding company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
Statements in this news release contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs of management as well as assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. These risks and uncertainties include among others, the impact of changes in market interest rates and general economic conditions, changes in government regulations, changes in accounting principles and the quality or composition of the loan and investment portfolios. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
PR Newswire
GOUVERNEUR, N.Y., Dec. 5, 2013
GOUVERNEUR, N.Y., Dec. 5, 2013 /PRNewswire/ -- Charles C. Van Vleet Jr., President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") holding company for Gouverneur Savings and Loan Association (the "Bank"), announced today results for its fiscal year ended September 30, 2013.
Net income for the fiscal year ended September 30, 2013 decreased 1.23% to $1,921,000, or $0.86 per diluted share, compared to $1,945,000, or $0.87 per diluted share, in fiscal 2012. The return on average assets remained at 1.33% while the return on average equity decreased to 7.48% for the year ended September 30, 2013, from 7.80% for the year ended September 30, 2012. Total assets decreased by $2.4 million, or 1.67%, from $146.5 million at September 30, 2012 to $144.0 million at September 30, 2013. Net loans decreased $3.1 million, or 2.73%, from $113.4 million to $110.3 million over the same period.
Commenting on the results for the year, Mr. Van Vleet said, "We are pleased with our results for the 2013 fiscal year. The Bank continues to be profitable and maintains a loan portfolio with sound credit quality. Margins remain strong as compared to peer averages although, as expected, margins declined over the past year and continue to shrink in the current low interest rate environment. Bank regulatory expenses continue to grow as additional requirements are issued. The Bank will closely monitor and evaluate its financial position and explore alternative options for cost control."
The Bank remains well-capitalized with a core capital ratio of 17.59%, an increase of 0.78% from 2012. Strong asset composition with non-performing assets represented 2.06% of total assets, a decrease from the 2012 figure of 2.45%.
In fiscal 2013, interest income decreased $504,000, or 6.63%, from $7,598,000 to $7,094,000, while interest expense decreased $287,000, or 23.41%, from $1,226,000 to $939,000. Interest spread, the difference between the rate earned on interest-earning assets and the rate paid on interest-bearing liabilities, was 4.47% in fiscal 2013 and 4.54% in fiscal 2012.
Non-interest income increased $181,000, from $954,000 in fiscal year 2012 to $1,135,000 in fiscal 2013. Increases in non-sufficient funds charges and a gain on the sale of securities contributed to the increase.
Non-performing loans decreased in fiscal 2013 and the quality of our loan portfolio remains strong. Net loans decreased $3.1 million in fiscal 2013 as compared to a decrease of $2.9 million in fiscal 2012. We made a $100,000 provision for loan losses in fiscal 2013 and a $315,000 provision in the 2012 fiscal year. Non-performing assets were $2,967,000 at September 30, 2013, compared to $3,592,000 at September 30, 2012. Net charge-offs were $16,000 for the year ended September 30, 2013. The allowance for loan losses was $1,024,000 or 0.93% of total loans outstanding at September 30, 2013 as compared to $943,000 or 0.83% at September 30, 2012.
The components of non-interest expense are presented in the following table:
For the year ended
September 30,
2013
2012
(In thousands)
Salaries and employee benefits
$ 2,383
$ 2,270
Directors' fees
193
170
Data processing
220
192
Professional fees
291
260
Other operating expense
1,302
1,247
Non interest expense
$ 4,389
$4,139
Salary and employee benefits expense increased from the 2012 level due to annual salary adjustments, health insurance cost increases and increases in supplemental retirement and deferred compensation expenses. The increase in professional fees was due in part to an increase in compliance auditing expense and legal expenses related to the anticipated bank charter conversion.
Deposits increased $4.8 million, or 5.29%, to $95.4 million at September 30, 2013 from $90.6 million at September 30, 2012. Securities sold under agreements to repurchase with the Federal Home Loan Bank of New York ("FHLB), $3.0 million at September 30, 2012, were restructured into a fixed borrowing, eliminating the need for pledged collateral. The Bank currently holds no brokered deposits. Advances from the FHLB decreased $7.0 million from $25.4 million to $18.4 million over the same period as the need for the Company to utilize low-cost FHLB borrowings to fund its loan portfolio decreased as deposits increased.
Shareholders' equity was $25.5 million at September 30, 2013, representing a decrease of 0.30% over the September 30, 2012 balance of $25.6 million. The Company's book value was $11.45 per common share based on 2,229,230 shares issued and outstanding at September 30, 2013 versus $11.46 on 2,234,148 shares issued and outstanding on September 30, 2012. The Company paid cash dividends totaling $0.34 per share to all public holders of our stock, including Cambray Mutual Holding Company, our majority shareholder, during the fiscal year ending September 30, 2013.
The Company, which is headquartered in Gouverneur, New York, is the holding company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
Statements in this news release contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs of management as well as assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. These risks and uncertainties include among others, the impact of changes in market interest rates and general economic conditions, changes in government regulations, changes in accounting principles and the quality or composition of the loan and investment portfolios. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
Regulatory Approval To Complete Charter Conversion
14:45 10.12.13
PR Newswire
GOUVERNEUR, N.Y., Dec. 10, 2013
GOUVERNEUR, N.Y., Dec. 10, 2013 /PRNewswire/ -- Gouverneur Bancorp, Inc. (OTCQB Market: GOVB) the holding company for Gouverneur Savings and Loan Association (the "Bank"), today announced that the Bank has received all regulatory approvals necessary for its proposed conversion from a federally chartered stock savings and loan association to a New York State chartered stock savings and loan association. The charter conversion is expected to occur on December 31, 2013.
Charles C. Van Vleet, Jr., President and Chief Executive Officer of the Gouverneur Bancorp, Inc. and the Bank, commented, "The conversion of our charter to a New York State chartered savings and loan association is consistent with and promotes our community banking focus. Our regulatory expenses will also be lower going forward, which is good for the bank, our customers and our shareholders. Finally, from our customers' perspective, the charter conversion should have no material impact as the terms and conditions of our loans and deposit accounts will not be affected by the charter change."
As a result of the charter conversion, the New York State Department of Financial Services and the Federal Deposit Insurance Corporation will be the Bank's primary regulators. The Federal Reserve Board will continue to be the primary banking regulator for Cambray Mutual Holding Company and Gouverneur Bancorp, Inc., both of which will remain savings and loan holding companies.
Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association. Gouverneur Savings and Loan Association is a state chartered savings and loan association that operates two full-service branches in New York.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
14:45 10.12.13
PR Newswire
GOUVERNEUR, N.Y., Dec. 10, 2013
GOUVERNEUR, N.Y., Dec. 10, 2013 /PRNewswire/ -- Gouverneur Bancorp, Inc. (OTCQB Market: GOVB) the holding company for Gouverneur Savings and Loan Association (the "Bank"), today announced that the Bank has received all regulatory approvals necessary for its proposed conversion from a federally chartered stock savings and loan association to a New York State chartered stock savings and loan association. The charter conversion is expected to occur on December 31, 2013.
Charles C. Van Vleet, Jr., President and Chief Executive Officer of the Gouverneur Bancorp, Inc. and the Bank, commented, "The conversion of our charter to a New York State chartered savings and loan association is consistent with and promotes our community banking focus. Our regulatory expenses will also be lower going forward, which is good for the bank, our customers and our shareholders. Finally, from our customers' perspective, the charter conversion should have no material impact as the terms and conditions of our loans and deposit accounts will not be affected by the charter change."
As a result of the charter conversion, the New York State Department of Financial Services and the Federal Deposit Insurance Corporation will be the Bank's primary regulators. The Federal Reserve Board will continue to be the primary banking regulator for Cambray Mutual Holding Company and Gouverneur Bancorp, Inc., both of which will remain savings and loan holding companies.
Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association. Gouverneur Savings and Loan Association is a state chartered savings and loan association that operates two full-service branches in New York.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
Dividend
18:20 24.01.14
PR Newswire
GOUVERNEUR, N.Y., Jan. 24, 2014
GOUVERNEUR, N.Y., Jan. 24, 2014 /PRNewswire/ -- Charles C. Van Vleet, President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTCQB: GOVB) ("Bancorp" or the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the "Bank"), announced today that the Company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on March 15, 2014. This dividend will be paid on March 31, 2014.
Mr. Van Vleet commented, "A key reason for Gouverneur Bancorp's success has been its ability to pay a competitive dividend. It is with great pleasure that I announce our 28th consecutive semi-annual dividend paid by the Company. Cambray Mutual Holding Company, the parent company of Gouverneur Bancorp and majority shareholder of Bancorp stock, has received member and regulatory approval to waive its right to dividends, which increases the strength of the Bank."
Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area of St. Lawrence County and the Alexandria Bay area located in Jefferson County.
Note: This press release may contain certain statements, which are not historical facts or which concern the Bank's future operations or economic performance and which are considered forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Bank cautions that all forward-looking statements involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors, such as changing economic and competitive conditions and other risks and uncertainties. In addition, statements in this news release regarding historical stock price performance are not indicative of or guarantees of future price performance.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
18:20 24.01.14
PR Newswire
GOUVERNEUR, N.Y., Jan. 24, 2014
GOUVERNEUR, N.Y., Jan. 24, 2014 /PRNewswire/ -- Charles C. Van Vleet, President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTCQB: GOVB) ("Bancorp" or the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the "Bank"), announced today that the Company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on March 15, 2014. This dividend will be paid on March 31, 2014.
Mr. Van Vleet commented, "A key reason for Gouverneur Bancorp's success has been its ability to pay a competitive dividend. It is with great pleasure that I announce our 28th consecutive semi-annual dividend paid by the Company. Cambray Mutual Holding Company, the parent company of Gouverneur Bancorp and majority shareholder of Bancorp stock, has received member and regulatory approval to waive its right to dividends, which increases the strength of the Bank."
Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area of St. Lawrence County and the Alexandria Bay area located in Jefferson County.
Note: This press release may contain certain statements, which are not historical facts or which concern the Bank's future operations or economic performance and which are considered forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Bank cautions that all forward-looking statements involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors, such as changing economic and competitive conditions and other risks and uncertainties. In addition, statements in this news release regarding historical stock price performance are not indicative of or guarantees of future price performance.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
Quarter Results
15:30 31.01.14
PR Newswire
GOUVERNEUR, N.Y., Jan. 31, 2014
GOUVERNEUR, N.Y., Jan. 31, 2014 /PRNewswire/ -- Gouverneur Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") holding company for Gouverneur Savings and Loan Association (the "Bank"), today announced the results for the first quarter of fiscal year 2014 ended December 31, 2013.
For the three months ended December 31, 2013 the Company reported net income of $416,000, or $0.19 per diluted share, representing a decrease of $84,000, or 16.80%, below last year's net income of $500,000, or $0.22 per diluted share. The annualized return on average assets decreased from 1.36% to 1.16% and the return on average equity decreased from 7.68% to 6.40% for the three months ended December 31, 2013 and 2012, respectively.
Total assets increased by $1.33 million, or 0.92% from $144.00 million at September 30, 2013 to $145.34 million at December 31, 2013. Net loans increased $1.81 million, or 1.64%, to $112.08 million over the same period.
Commenting on the quarter's results, Mr. Charles C. Van Vleet, the Company's President and Chief Executive Officer, said, "The Bank continues to perform well as we have been able to maintain margins higher than our peers. The Federal Reserve indicates that short term rates are expected to remain low throughout 2014. Bank margins will continue to compress as interest rates remain low and the loan portfolio shifts to lower yields."
Net interest income decreased by $93,000, or 5.93%, from $1,568,000 for the quarter ended December 31, 2012 to $1,475,000 for the quarter ended December 31, 2013. Interest income decreased $156,000, or 8.48%, while interest expense decreased $63,000, or 23.25% over the same period. Non-interest income decreased $101,000, or 28.37% to $255,000 for the quarter ended December 31, 2013 compared to $356,000 for the quarter ended December 31, 2012. A 100% decrease in the net gain on the sale of securities was the primary factor in the fiscal 2014 quarter net decrease.
Non-interest expense decreased $23,000 from the first quarter of fiscal 2013 to the first quarter of fiscal 2014. Earnings expense on the deferred director's plan and other operating expenses increased $30,000 and $18,000 respectively, while salaries and employee benefits increased $22,000 and expenses associated with owned real estate decreased $101,000 for the period.
Non-performing loans were $3,535,000 at December 31, 2013 compared to $2,746,000 at September 30, 2013. There was a $15,000 loan loss provision and net charge-offs were $1,200 for the quarter ended December 31, 2013. The allowance for loan losses was $1,038,000 or 0.93% of total gross loans outstanding at December 31, 2013 as compared to $1,024,000 or 0.93% at September 30, 2013. Foreclosed real estate was $221,000 at September 30, 2013 and December 31, 2013.
Deposits decreased $4.69 million or 4.92%, to $90.7 million at December 31, 2013 from $95.4 million at September 30, 2013. Advances from the Federal Home Loan Bank of New York ("FHLB") increased 27.17%, from $18.4 million at September 30, 2013 to $23.4 million at December 31, 2013.
Shareholders' equity was $25.9 million at December 31, 2013, an increase of 1.57% over the September 30, 2013 balance of $25.5 million. The book value of Gouverneur Bancorp, Inc. was $11.63 per common share based on 2,229,330 shares outstanding at December 31, 2013.
The Company, which is headquartered in Gouverneur, New York, is the holding company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
Statements in this news release contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs of management as well as assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. These risks and uncertainties include among others, the impact of changes in market interest rates and general economic conditions, changes in government regulations, changes in accounting principles and the quality or composition of the loan and investment portfolios. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
15:30 31.01.14
PR Newswire
GOUVERNEUR, N.Y., Jan. 31, 2014
GOUVERNEUR, N.Y., Jan. 31, 2014 /PRNewswire/ -- Gouverneur Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") holding company for Gouverneur Savings and Loan Association (the "Bank"), today announced the results for the first quarter of fiscal year 2014 ended December 31, 2013.
For the three months ended December 31, 2013 the Company reported net income of $416,000, or $0.19 per diluted share, representing a decrease of $84,000, or 16.80%, below last year's net income of $500,000, or $0.22 per diluted share. The annualized return on average assets decreased from 1.36% to 1.16% and the return on average equity decreased from 7.68% to 6.40% for the three months ended December 31, 2013 and 2012, respectively.
Total assets increased by $1.33 million, or 0.92% from $144.00 million at September 30, 2013 to $145.34 million at December 31, 2013. Net loans increased $1.81 million, or 1.64%, to $112.08 million over the same period.
Commenting on the quarter's results, Mr. Charles C. Van Vleet, the Company's President and Chief Executive Officer, said, "The Bank continues to perform well as we have been able to maintain margins higher than our peers. The Federal Reserve indicates that short term rates are expected to remain low throughout 2014. Bank margins will continue to compress as interest rates remain low and the loan portfolio shifts to lower yields."
Net interest income decreased by $93,000, or 5.93%, from $1,568,000 for the quarter ended December 31, 2012 to $1,475,000 for the quarter ended December 31, 2013. Interest income decreased $156,000, or 8.48%, while interest expense decreased $63,000, or 23.25% over the same period. Non-interest income decreased $101,000, or 28.37% to $255,000 for the quarter ended December 31, 2013 compared to $356,000 for the quarter ended December 31, 2012. A 100% decrease in the net gain on the sale of securities was the primary factor in the fiscal 2014 quarter net decrease.
Non-interest expense decreased $23,000 from the first quarter of fiscal 2013 to the first quarter of fiscal 2014. Earnings expense on the deferred director's plan and other operating expenses increased $30,000 and $18,000 respectively, while salaries and employee benefits increased $22,000 and expenses associated with owned real estate decreased $101,000 for the period.
Non-performing loans were $3,535,000 at December 31, 2013 compared to $2,746,000 at September 30, 2013. There was a $15,000 loan loss provision and net charge-offs were $1,200 for the quarter ended December 31, 2013. The allowance for loan losses was $1,038,000 or 0.93% of total gross loans outstanding at December 31, 2013 as compared to $1,024,000 or 0.93% at September 30, 2013. Foreclosed real estate was $221,000 at September 30, 2013 and December 31, 2013.
Deposits decreased $4.69 million or 4.92%, to $90.7 million at December 31, 2013 from $95.4 million at September 30, 2013. Advances from the Federal Home Loan Bank of New York ("FHLB") increased 27.17%, from $18.4 million at September 30, 2013 to $23.4 million at December 31, 2013.
Shareholders' equity was $25.9 million at December 31, 2013, an increase of 1.57% over the September 30, 2013 balance of $25.5 million. The book value of Gouverneur Bancorp, Inc. was $11.63 per common share based on 2,229,330 shares outstanding at December 31, 2013.
The Company, which is headquartered in Gouverneur, New York, is the holding company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
Statements in this news release contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs of management as well as assumptions made using information currently available to management. Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. These risks and uncertainties include among others, the impact of changes in market interest rates and general economic conditions, changes in government regulations, changes in accounting principles and the quality or composition of the loan and investment portfolios. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.
SOURCE Gouverneur Bancorp, Inc.
Quelle: PR Newswire
Datum Erster Hoch Tief Schluss Stücke Volumen
31.01.14 9,50 9,50§9,45 9,45 $ 3.600 34.041
GrB
31.01.14 9,50 9,50§9,45 9,45 $ 3.600 34.041
GrB
Datum Erster Hoch Tief Schluss Stücke Volumen
31.01.14 9,50 9,50§9,45 9,45 $ 3.600 34.041
24.01.14 9,55 9,55§9,55 9,55 $ 100 955
23.01.14 9,50 9,50§9,50 9,50 $ 160 1.520
17.01.14 9,50 9,50§9,48 9,48 $ 1.356 12.876
16.01.14 9,50 9,50§9,50 9,50 $ 595 4.750
15.01.14 9,50 9,50§9,50 9,50 $ 1.100 10.450
14.01.14 9,55 9,55§9,55 9,55 $ 100 955
13.01.14 9,50 9,50§9,41 9,42 $ 3.400 32.016
09.01.14 9,35 9,35§9,35 9,35 $ 978 9.135
08.01.14 9,40 9,40§9,35 9,35 $ 1.100 10.325
06.01.14 9,35 9,35§9,35 9,35 $ 600 5.610
03.01.14 9,85 9,85§9,35 9,35 $ 2.000 19.010
GrB
31.01.14 9,50 9,50§9,45 9,45 $ 3.600 34.041
24.01.14 9,55 9,55§9,55 9,55 $ 100 955
23.01.14 9,50 9,50§9,50 9,50 $ 160 1.520
17.01.14 9,50 9,50§9,48 9,48 $ 1.356 12.876
16.01.14 9,50 9,50§9,50 9,50 $ 595 4.750
15.01.14 9,50 9,50§9,50 9,50 $ 1.100 10.450
14.01.14 9,55 9,55§9,55 9,55 $ 100 955
13.01.14 9,50 9,50§9,41 9,42 $ 3.400 32.016
09.01.14 9,35 9,35§9,35 9,35 $ 978 9.135
08.01.14 9,40 9,40§9,35 9,35 $ 1.100 10.325
06.01.14 9,35 9,35§9,35 9,35 $ 600 5.610
03.01.14 9,85 9,85§9,35 9,35 $ 2.000 19.010
GrB
Datum Erster Hoch Tief Schluss Stücke Volumen
06.02.14 9,50 9,50§9,48 9,50 $ 1.279 12.146
03.02.14 9,50 9,50§9,50 9,50 $ 201 1.900
börsen GOUVERNEUR buran
06.02.14 9,50 9,50§9,48 9,50 $ 1.279 12.146
03.02.14 9,50 9,50§9,50 9,50 $ 201 1.900
börsen GOUVERNEUR buran
buran: nur ein börsenboard geführt von www.bundesbank.de 21:18 #1
achte er einfach auf die links
Mit freundlichen Grüssen Mario Meierhof 39517 Lüderitz Gartenstrasse 6
mariomeierhof@web.de
Tel.:039361/96548 Atelier Meierhof 039361/51273 Kuhle
gez MARIO alias buran http://www.ariva.de/…/nur-ein-boersenboard-gefuehrt-von-www…
Deutsche Bundesbank - Startseite
Die Deutsche Bundesbank ist die Zentralbank der Bundesrepublik Deutschland. Zentrales Geschäftsfeld ist die Geldpolitik des Eurosystems.
BUNDESBANK.DE
https://www.facebook.com/mario.meierhof
achte er einfach auf die links
Mit freundlichen Grüssen Mario Meierhof 39517 Lüderitz Gartenstrasse 6
mariomeierhof@web.de
Tel.:039361/96548 Atelier Meierhof 039361/51273 Kuhle
gez MARIO alias buran http://www.ariva.de/…/nur-ein-boersenboard-gefuehrt-von-www…
Deutsche Bundesbank - Startseite
Die Deutsche Bundesbank ist die Zentralbank der Bundesrepublik Deutschland. Zentrales Geschäftsfeld ist die Geldpolitik des Eurosystems.
BUNDESBANK.DE
https://www.facebook.com/mario.meierhof
Als Goodwill bezeichnet man den Differenzwert zwischen Ertrags- und Substanzwert nach der objektiven Unternehmensbewertung. http://www.ariva.de/extras/lexikon.m?begriff=Goodwill
Geschäftswert, Fassonwert, Organisationswert oder Firmenwert
http://www.ariva.de/extras/lexikon.m?begriff=Goodwill
http://www.ariva.de/extras/lexikon.m?begriff=Goodwill
:::::::::::: 12,75 $ +6,25% +0,75 $
In Euro: 11,027 € | Nasdaq OTC Other, 16.01.15 ,GrB
In Euro: 11,027 € | Nasdaq OTC Other, 16.01.15 ,GrB
ROUNDUP/Aktien New York: Eskalation im Jemen sorgt für Verluste
15:38 26.03.15 http://www.ariva.de/news/...tion-im-Jemen-sorgt-fuer-Verluste-5321861
15:38 26.03.15 http://www.ariva.de/news/...tion-im-Jemen-sorgt-fuer-Verluste-5321861
:::::::::: 13,50 $ +1,12% +0,15 $
In Euro: 12,180 € | 12.07.16 Nasdaq OTC Other ,GrB
In Euro: 12,180 € | 12.07.16 Nasdaq OTC Other ,GrB
Dividend
Donnerstag, 11.08.2016 14:05 von PR Newswire
PR Newswire
GOUVERNEUR, N.Y., Aug. 11, 2016
GOUVERNEUR, N.Y., Aug. 11, 2016 /PRNewswire/ -- Charles C. Van Vleet, President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTC Pink: GOVB) ("Bancorp" or the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the "Bank"), announced today that the Company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on September 15, 2016. This dividend will be paid on September 30, 2016. http://www.ariva.de/news/...nc-announces-semi-annual-dividend-5844474
Donnerstag, 11.08.2016 14:05 von PR Newswire
PR Newswire
GOUVERNEUR, N.Y., Aug. 11, 2016
GOUVERNEUR, N.Y., Aug. 11, 2016 /PRNewswire/ -- Charles C. Van Vleet, President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTC Pink: GOVB) ("Bancorp" or the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the "Bank"), announced today that the Company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on September 15, 2016. This dividend will be paid on September 30, 2016. http://www.ariva.de/news/...nc-announces-semi-annual-dividend-5844474
pleasure that I announce our 34th consecutive semi-annual dividend paid by the Company. A key reason for Gouverneur Bancorp's success has been its ability to pay more than 17 years of competitive dividends. Cambray Mutual Holding Company, the parent company of Gouverneur Bancorp and majority shareholder of Bancorp stock, has received its third member and regulatory approval to waive its right to dividends, which increases the strength of the Bank."
Founded in 1892, the Bank is a New York State chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/...al-dividend-300312036.html
SOURCE Gouverneur Bancorp, Inc. http://www.ariva.de/news/...nc-announces-semi-annual-dividend-5844474
Founded in 1892, the Bank is a New York State chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/...al-dividend-300312036.html
SOURCE Gouverneur Bancorp, Inc. http://www.ariva.de/news/...nc-announces-semi-annual-dividend-5844474
::::::::: 13,71 $ +1,33% +0,18 $
In Euro: 12,269 € | 15.09.16 Nasdaq OTC Other ,GrB
In Euro: 12,269 € | 15.09.16 Nasdaq OTC Other ,GrB
We are your friends, family, and neighbors. We know you and want to provide you with all of your financial needs as quickly as possible in two convenient locations. That is why all of the decisions are made right here by people that understand what it is like to live, work, and play in the North Country. We are not just another financial institution we are part of your Community. www.gouverneurbank.com/
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