Banking Services
Insurance Agency Services
Glenville Bank HoldingCompany, Inc. (GBHC) is afinancial holding companywhose principal activity isthe ownership of its twowholly-owned subsidiaries,1st National Bank of Scotia(the Bank) and ScautubAgency, LLC (the Agency).The consolidated statementsof condition include accountsof the GBHC, the Bank, andthe Agency, after eliminationof intercompanytransactions.
We understand howimportant good service is todelivering customersatisfaction and are pleasedto have been serving thelocal community since the1920's. 1st National Bank ofScotia and Scautub Agency,LLC offer a wide range ofbanking and insuranceservices to meet all yourfinancial needs. A friendlyofficer or customer servicespecialist will be happy toanswer your questions ordiscuss your needs.
Branch Locations/HoursAll Drive-up windows available 8:30-closing.
Main Office - 370-7200201 Mohawk Avenue, Scotia, NY 12302Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Clifton Park-Halfmoon Office - 370-72901693 Route 9, Clifton Park, NY 12065Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Colonie Office - 370-72501705 Central Avenue, Albany, NY 12205Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Erie Boulevard Office - 370-7265120 Erie Boulevard, Schenectady, NY 12305Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00
Glenville Office - 370-7260240 Saratoga Road, Scotia, NY 12302Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Global Research Office - 370-72171 Research Circle, 2A7 Commons,Niskayuna, NY 12309Mon-Fri .............................8:00-1:00 /1:30-4:00
Guilderland Office - 370-72558 New Karner Road, Guilderland, NY 12084Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Niskayuna Office - 370-72451476 Balltown Road, Schenectady, NY 12309Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Rotterdam Office - 370-72852695 Hamburg Street, Schenectady, NY 12303Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Saratoga Office - 370-7270 or 587-16113013 Route 50, Saratoga Springs, NY 12866Mon-Thurs ..........................................9:00-5:00Fri .......................................................9:00-6:00Sat .......................................................9:00-1:00
Schenectady County Community College78 Washington Avenue, Schenectady, NY 12305
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Deposit Services• Checking Accounts• Corporate Remote Deposit• Savings Accounts• Club Accounts• Certificates of Deposit• Money Market Deposit Accounts• Individual Retirement Accounts• Health Savings Accounts• VISA/MasterCard Merchant Accounts• Online Banking/Online Bill Pay• Corporate Cash Management• Electronic Statements
Loan Services• New and Used Automobile Loans• Boat/RV Loans• VISA/MasterCard Credit Cards• Mortgage Loans• Real Estate Equity Loans• Home Equity Lines of Credit• Commercial Loans• Commercial Lines of Credit
Other Services• Brokerage Services (all brokerage servicesprovided by Raymond James Financial Services)
• Wire Transfers• Safe Deposit Boxes• Moblie Banking• Authorized Overdraft Program
September 30, 2018
MEMBER FDIC
• Personal Lines• Commercial Lines• Public Entities• Life Insurance/Disability• Long Term Care• Fixed Annuities
Insurance and annuity products: Are not deposits. Are notinsured by the FDIC or any other federal government agency.Are not guaranteed by any bank or its affiliates. May godown in value
Visit us online www.scautub.comScautub Office - 346-3427108 North Ballston Avenue, Scotia, NY 12302
Visit us online www.firstscotia.com
40072 Stat of Cond.qxp:22387 10/16/18 11:51 AM Page 1
(dollars in thousands)Sept 30th
2018 2017 Glenville Bank Holding Company, Inc.DirectorsL. H. Buhrmaster .........................................Chairman of the Board
John H. Buhrmaster ...................President & Chief Executive Officer
Laura M. Dieterich .............Sr. Vice President& Corporate Secretary
David D. Montana.....................................................Lead Director
..............................................................President, Fortune Air, Inc.
..................................................Director, Fenimore Asset Management
David L. Schweizer ................................Chairman Audit Commitee
..................................................Treasurer, Funston Wholesale Corp.
.......................................................... Licensed Real Estate Salesperson
Bruce W. McConnelee ..................................Retired - Hydro Mobile
................................................................................Community Liason
Scott D. Stevens ............................President, Dimension Fabricators
Calvin P. Welch ..................................................Honorary Director
Scautub Agency, LLCDirectorsJohn H. Buhrmaster .....................................Chairman of the Board
Robert J. Dieterich .....Chief Executive Officer& Corporate Secretary
Steven H. Heider .......................Owner, Northway Residential Services
David D. Montana.....................................President, Fortune Air, Inc.
..................................................Director, Fenimore Asset Management
1st National Bank of ScotiaOfficersL. H. Buhrmaster .........................................Chairman of the BoardJohn H. Buhrmaster ...................President & Chief Executive OfficerDiane Smith Faubion .................................Executive Vice PresidentRobert J. Dieterich......................................Executive Vice President......................................................................& Chief Financial OfficerAndrew T. Trainor.....................Sr. Vice President & Sr. Loan OfficerLaura M. Dieterich .............Sr. Vice President & Corporate SecretaryKelly A. Gibbons.........................Sr. Vice President of Retail BankingJames J. Smith ..........................................Chief Information OfficerJoan K. O’Brien ..................................................................AuditorKenneth W. Swain III ................................................Vice PresidentGregory N. Phillips ...................................................Vice PresidentJessica R. Petraccione ................................................Vice PresidentKevin R. Buhrmaster .................................................Vice PresidentChristopher R. Hebbard...............Vice President & Sr. Credit OfficerTeresa A. Freeman.....................................................Vice PresidentRebecca D. Dashnaw.................................................Vice PresidentJoyce A. Poulin .........................................................Vice PresidentJohn G. Dykeman...............................Vice President & ComptrollerAmy E. Belli ..............................................................Vice PresidentDaniel A. Centi .........................................................Vice PresidentO. Neil Thomas ........................................................Vice PresidentNancy R. Harrigan ....................................................Vice PresidentDavid Teta...................................................Assistant Vice PresidentDebra A. Lindsay.........................................Assistant Vice PresidentLouis J. Giammatteo....................................Assistant Vice PresidentCheryl F. Hiller............................................Assistant Vice PresidentKaren E. Ballester ........................................Assistant Vice PresidentLisa A. Case.................................................Assistant Vice PresidentTracey J. Kearns ..............................Training & Performance OfficerCynthia A. Siatkowski .......................................Compliance OfficerPremnarine Jaddu ...................................Branch Operations OfficerEric W. Bode ...........................................Branch Operations OfficerThomas H. Sheehan ................................Branch Operations OfficerTrisha L. Santiago....................................Branch Operations OfficerBetsy Simek-Smith......................................Indirect Lending Officer
Scautub Agency, LLCOfficersRobert J. Dieterich..........................................Chief Executive OfficerEdmund J. Catalano.........................................................PresidentMark D. Massaroni ...................................................Vice PresidentGertrude A. Chojecki................................................Vice President
MMEEMMBBEERR FFEEDDEERRAALL RREESSEERRVVEE SSYYSSTTEEMMDDEEPPOOSSIITTSS IINNSSUURREEDD BBYY TTHHEE
FFEEDDEERRAALL DDEEPPOOSSIITT IINNSSUURRAANNCCEE CCOORRPPOORRAATTIIOONN
Cash and due from depository institutions:Non-interest-bearing balances, currency and coin................Interest-bearing balances .....................................................Total cash and due from depository institutions
Securities:Held-to-maturity securities ..................................................Available-for-sale securities ..................................................Equity securities with readily determinable fair values .........Total securities .....................................................................
Loans receivable, net:Loans and leases, net of unearned income ...........................Less: allowance for loan losses .............................................Total loans, net of unearned income and allowance .............
Premises and equipment, net of depreciation.............................Leased property, net of depreciation...........................................Other real estate owned .............................................................Investments in associated companies .........................................Intangible assets:
Goodwill..............................................................................Other intangible assets, net of amortization .........................Total intangible assets ..........................................................
Other assets ...............................................................................TOTAL ASSETS ...................................................................
Deposits:Non-interest bearing ............................................................Interest bearing....................................................................Total deposits.......................................................................
Borrowings ................................................................................Other liabilities ..........................................................................
TOTAL LIABILITIES ............................................................
Common stock, total par value ..................................................Surplus ......................................................................................Retained earnings ......................................................................Treasury stock............................................................................Accumulated other comprehensive income................................
Total shareholder’s equity capital..........................................
TOTAL LIABILITIES AND EQUITY CAPITAL......................
$ 11,348 $ 15,44029,302 13,41240,650 28,852
2,830 2,84630,431 37,098
180 18233,441 40,126
410,342 404,9924,301 4,201
406,041 400,7915,780 5,3391,949 1,664
- 300730 694
178 178864 957
1,042 1,13513,609 10,695
$503,242 $489,596
$139,400 $127,762315,910 306,245455,310 434,007
3,396 13,7176,869 5,981
465,575 453,705
2,049 2,04921,055 21,05517,571 15,172(495) (188)
(2,513) (2,197)37,667 35,891
$503,242 $489,596
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Consolidated Statements of Condition
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