GS&L Municipal Bank
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Data as of · sourced from FFIEC call reports. How we update
GS&L Municipal Bank is an FDIC-insured commercial bank headquartered in Gouverneur, NY, established in 2022 (FDIC certificate 59312), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $31.6M, down 15.9% from Q2 2025, the 102nd largest of 105 banks headquartered in New York.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59312
- Headquarters
- Gouverneur, NY
- Established
- 2022
- Total assets, Q2 2026
- $31.6M
- Assets vs Q2 2025
- -15.9%
- Capital ratio
- Not reported
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 021315169
- Holding company
- GOUVERNEUR SAVINGS AND LOAN ASSOCIATION
- Asset rank in state
- 102nd of 105 in New York
GS&L Municipal Bank, based in Gouverneur, New York, reported $32 million in assets at June 30, 2026, down 15.9% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 1.4%). It also lost 30.1% of its deposits over the year, lower than about 9 in 10 banks its size (median 2.5%).
Net income for the quarter slipped 21% from a year earlier, to $151,000.
As of June 30, 2026, GS&L Municipal Bank reported a CET1 capital ratio of 92.80%, a return on assets of 1.78% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
GS&L Municipal Bank ranks as the 102nd largest of the 105 banks based in New York, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 14.6% to $31.6M, deposits fell 25.6%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in NY; its Alexandria Bay office books 58% of its branch deposits. Judged on its Q2 2026 call report, GS&L Municipal Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 42 Church St, Gouverneur, NY 13642
- County
- St. Lawrence
- Metro Area
- Massena-Ogdensburg, NY
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 16, 2022
- Domestic offices
- 4 FDIC institution directory, current count
- Domestic deposits
- $16.0M
- Allowance for credit losses
- $0
- Net charge-offs (YTD)
- $0
- Average total assets
- $33.9M
- Average total loans
- $0
- Average interest-bearing deposits
- $17.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 16, 2022
- FDIC Cert
- 59312
- Fed RSSD
- 5784921
- SEC CIK
- 1978811 → filed by GOUVERNEUR BANCORP, INC.
- Parent Holding Company
- GOUVERNEUR SAVINGS AND LOAN ASSOCIATION (RSSD 905673)
- Ultimate Parent
- GOUVERNEUR BANCORP, INC. (RSSD 2801014)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Jefferies Stephen Michael | CEO | President & CEO |
| Campanaro James Donald | CFO | Chief Financial Officer |
| Hall Sadie May | COO | VP, COO & Compliance Officer |
Profitability
Q2 annualizedAsset Quality
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, GS&L Municipal Bank's total assets ranged from $31.1M (Q2 2024) to $39.2M (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$31.6M total assets against $37.6M; $16.7M total liabilities against $23.4M.
$0 net loans and leases against $0; $16.0M total deposits against $22.9M.
$15.9M securities against $22.3M; $2.6M cash and balances due against $2.1M.
$252K total interest income against $311K; $32K total interest expense against $42K.
$220K net interest income against $269K.
$0 total noninterest income against $0; $38K total noninterest expense against $36K.
No provision recorded in the last 12 quarters.
$151K net income against $190K.
1.78% return on assets against 1.96%; 5.05% net interest margin against 4.65%.
92.80% CET1 capital ratio against 83.08%; 44.48% tier 1 leverage ratio against 37.15%.
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21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.74% (Q4 2024) to 2.12% (Q3 2025) and its net interest margin ran from 3.62% (Q4 2024) to 5.05% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 92.80% | 1.78% | — | 0.00% | 5.05% |
| Q1 2026 | 81.11% | 1.88% | — | 0.00% | 4.89% |
| Q4 2025 | 82.95% | 1.98% | — | 0.00% | 4.86% |
| Q3 2025 | 93.86% | 2.12% | — | 0.00% | 4.71% |
| Q2 2025 | 83.08% | 1.96% | — | 0.00% | 4.65% |
| Q1 2025 | 83.78% | 1.99% | — | 0.00% | 4.52% |
| Q4 2024 | 98.89% | 1.74% | — | 0.00% | 3.62% |
| Q3 2024 | 97.48% | 1.96% | — | 0.00% | 3.76% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Alexandria Bay Branch | Alexandria Bay , NY | 13607 | $9.3M |
| Cape Vincent Branch | Cape Vincent , NY | 13618 | $3.7M |
| Chaumont Branch | Chaumont , NY | 13622 | $3.0M |
| GS&L Municipal Bank (main office) | Gouverneur , NY | 13642 | $71K |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in NY, rank 172 of 176 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about GS&L Municipal Bank
What are GS&L Municipal Bank's total assets?
As of the Q2 2026 filing, GS&L Municipal Bank reported total assets of $31.6 million in its FFIEC call report.
Where is GS&L Municipal Bank headquartered?
It is headquartered in Gouverneur, NY, United States.
When was GS&L Municipal Bank founded?
It was established in 2022, per the FDIC institution directory.
Is GS&L Municipal Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59312). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates GS&L Municipal Bank?
GS&L Municipal Bank's primary federal regulator is the FDIC.
What is GS&L Municipal Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 92.80% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does GS&L Municipal Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is GS&L Municipal Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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