Albion Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 29349 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Niagara Bank, National Association (#16004) Federal Reserve ID: 147277 Date Established: January 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3317 FDIC's unique #: 42183 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: March 14, 1935 Last Structure Change Effective Date: March 24, 2000 Last Structure Change Process Date: May 02, 2000 Last Data Update: May 02, 2000 Data Source Date: April 05, 2012
Location
Address: 48 North Main St, Albion, NY 14411 County: Orleans Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Syracuse Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Rochester, NY (#6840) Combined Statistical Area (CSA): Rochester-Batavia-Seneca Falls, NY (#464) Core Based Statistical Area (CBSA): Rochester, NY (#40380) CBSA Metro Statistical Area: Rochester, NY (#40380)
Financial Summary
Total assets: $79.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
26Total employees (full-time equivalent)
$79,269Total assets
$3,878Cash and due from depository institutions
$1,913Interest-bearing balances
$6,966Securities
$1,500Federal funds sold & reverse repurchase agreements
$63,880Net loans & leases
$296Loan loss allowance
$0Trading account assets
$1,857Bank premises and fixed assets
$161Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,027All other assets
$79,269Total liabilities and capital
$73,086Total liabilities
$61,682Total deposits
$57,238Interest-bearing deposits
$61,682Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,111Other borrowed funds
$0Subordinated debt
$293All other liabilities
$6,183Total equity capital
$6,183Total bank equity capital
$6,183Perpetual preferred stock
$0Common stock
$1Surplus
$1,297Undivided profits
Memoranda
$4,885Noncurrent loans and leases
$4,214Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$352Earning assets
$0Long-term assets (5+ years)
$349Average Assets, year-to-date
$74,259Average Assets, quarterly
$0Volatile liabilities
$77,387Insider loans
$78,288FHLB advances
$15,876Loans and leases held for sale
$531Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,214Total unused commitments
$67Restructured Loans and leases
$296Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,381Total interest income
$3,003Total interest expense
$2,378Net interest income
$84Provision for loan and lease losses
$389Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$389Additional noninterest income
$2,138Total noninterest expense
$1,093Salaries and employee benefits
$712Premises and equipment expense
$333Additional noninterest expense
$545Pre-tax net operating income
$0Securities gains (losses)
$139Applicable income taxes
$406Income before extraordinary items
$0Extraordinary gains - net
$406Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.41%Yield on earning assets
4.14%Cost of funding earning assets
3.28%Net interest margin
0.54%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
0.52%Net operating income to assets
0.52%Return on assets (ROA)
0.70%Pretax return on assets
6.82%Return on equity (ROE)
6.82%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
2800.00%Credit loss provision to net charge-offs
209.67%Efficiency ratio
77,268Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.46%Loss allowance to noncurrent loans
84.09%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.55%Net loans and leases to deposits
103.56%Net loans and leases to core deposits
112.23%Equity capital to assets
7.80%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
15.44%Total risk-based capital ratio
Memoranda
$16Average assets
$77,387Average earning assets
$5,957Average equity
$72,587Average loans
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