Greene County Bancorp Inc. Reports Operating Results (10-K)

Greene County Bancorp Inc. (GCBC, Financial) filed Annual Report for the period ended 2010-06-30.

Greene County Bancorp Inc. has a market cap of $70.9 million; its shares were traded at around $17.205 with a P/E ratio of 14.58 and P/S ratio of 2.56. The dividend yield of Greene County Bancorp Inc. stocks is 4.07%. Greene County Bancorp Inc. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Greene County Bancorp Inc. the business predictability rank of 4.5-star.

Highlight of Business Operations:

As of December 31, 2009, there were issued and outstanding 4,115,262 shares of the Registrant's common stock of which 1,337,669 were shares of voting stock held by non-affiliates of the Registrant. Computed by reference to the closing price of Common Stock of $15.38 on December 31, 2009, the aggregate value of stock held by non-affiliates was $20,573,349. As of September 17, 2010, there were issued and outstanding 4,123,245 shares of the Registrant's common stock.

Greene County Bancorp, Inc. was organized in December of 1998 at the direction of the Board of Trustees of The Bank of Greene County (formerly Greene County Savings Bank) for the purpose of acting as the holding company of The Bank of Greene County. In 2001, Greene County Bancorp, Inc. converted its charter from a Delaware corporation regulated by the New York Superintendent of Banks and the Board of Governors of the Federal Reserve System to a federal corporation regulated by the Office of Thrift Supervision. At June 30, 2010, Greene County Bancorp, Inc. s assets consisted primarily of its investment in The Bank of Greene County and cash and securities totaling $2.1 million. At June 30, 2010, 1,814,280 shares of Greene County Bancorp, Inc. s common stock, par value $0.10 per share, were held by the public, including executive officers and directors, 186,758 shares were held as Treasury stock and 2,304,632 shares were held by Greene County Bancorp, MHC, Greene County Bancorp, Inc. s mutual holding company. Greene County Bancorp, Inc. s principal business is overseeing and directing the business of The Bank of Greene County and various Greene County Bancorp, Inc. investment securities.

At June 30, 2010, Greene County Bancorp, Inc. had consolidated total assets of $495.3 million, consolidated total deposits of $421.7 million, consolidated borrowings from the Federal Home Loan Bank of New York (FHLB) of $26.1 million and consolidated total equity of $44.5 million.

Greene County Commercial Bank was formed in January 2004 as a New York State-chartered limited purpose commercial bank. Greene County Commercial Bank has the power to receive deposits only to the extent of accepting for deposit the funds of the United States and the State of New York and their respective agents, authorities and instrumentalities, and local governments as defined in Section 10(a)(1) of the New York General Municipal Law. At June 30, 2010, Greene County Commercial Bank had $117.9 million in assets, $84.6 million in total deposits, $19.1 million in borrowings from The Bank of Greene County, and $13.3 million in total equity.

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