Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Development
• Employee Well-being
• Sustainable Business Practices

Environmental Achievements

• Record charitable giving of $239,000 to schools, libraries, fire companies, youth sports, arts groups, and food banks.
• Installation of a 230kW solar array on the roof of Bread Alone bakery (a client).

Social Achievements

• Eleven consecutive years of record earnings.
• Continued expansion of customer base in Ulster and Columbia counties, opening four branches in four years.
• Unique management-training program creating company leaders.
• Maintaining a mix of young, middle-aged, and senior employees for a well-balanced succession plan.
• Strong relationships with clients, providing personal service and support.

Governance Achievements

• Maintaining independence through a mutual holding company structure.
• Organic growth with no acquisitions or branch closures.
• Consistently high ratings from KBW Bank Honor Roll, American Banker Top 200 Community Banks, and BauerFinancial, Inc.

Climate Goals & Targets

Environmental Challenges

• Competition from larger banks.
• Finding suitable locations for branch expansion due to planning restrictions.
• Maintaining organic growth in a consolidating industry.

Mitigation Strategies

• Focus on organic growth and community banking values.
• Patient approach to branch expansion, waiting for the right opportunities.
• Investment in technology and personnel to serve corporate clients.
• Cultivating long-term relationships with municipalities and other clients.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• KBW Bank Honor Roll (8 consecutive years)
• American Banker Top 200 Community Banks (10 consecutive years)
• BauerFinancial, Inc. 5-Star Superior Rating (10 consecutive years)