FDIC Certificate #: 29688 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mohawk Community Bank (#15954) Federal Reserve ID: 405977 Date Established: April 29, 1936 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3887 FDIC's unique #: 42522 Numeric code: 33 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: April 29, 1936 Last Structure Change Effective Date: November 16, 1998 Last Structure Change Process Date: Febuary 18, 1999 Last Data Update: Febuary 18, 1999 Data Source Date: April 05, 2012
Location
Address: 161 Church Street, Amsterdam, NY 12010 County: Montgomery 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): Albany-Schenectady-Troy, NY (#160) Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104) Core Based Statistical Area (CBSA): Amsterdam, NY (#11220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $167.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
50Total employees (full-time equivalent)
$159,922Total assets
$15,375Cash and due from depository institutions
$11,334Interest-bearing balances
$64,519Securities
$0Federal funds sold & reverse repurchase agreements
$76,111Net loans & leases
$1,127Loan loss allowance
$0Trading account assets
$1,623Bank premises and fixed assets
$31Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,263All other assets
$159,922Total liabilities and capital
$143,862Total liabilities
$140,622Total deposits
$130,911Interest-bearing deposits
$140,622Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,781Other borrowed funds
$0Subordinated debt
$459All other liabilities
$16,060Total equity capital
$16,060Total bank equity capital
$16,060Perpetual preferred stock
$0Common stock
$145Surplus
$8,538Undivided profits
Memoranda
$7,377Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$494Earning assets
$0Long-term assets (5+ years)
$549Average Assets, year-to-date
$151,964Average Assets, quarterly
$0Volatile liabilities
$156,053Insider loans
$159,420FHLB advances
$21,998Loans and leases held for sale
$359Unused loan commitments
$1,812Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,752Total unused commitments
$0Restructured Loans and leases
$69,813Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,871Total interest income
$5,891Total interest expense
$4,980Net interest income
$205Provision for loan and lease losses
$470Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$470Additional noninterest income
$3,622Total noninterest expense
$1,809Salaries and employee benefits
$824Premises and equipment expense
$989Additional noninterest expense
$1,623Pre-tax net operating income
$0Securities gains (losses)
$643Applicable income taxes
$980Income before extraordinary items
$0Extraordinary gains - net
$980Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$145Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.33%Yield on earning assets
3.97%Cost of funding earning assets
3.36%Net interest margin
0.32%Noninterest income to earning assets
2.44%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
1.04%Pretax return on assets
6.44%Return on equity (ROE)
5.48%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
539.47%Credit loss provision to net charge-offs
48.11%Efficiency ratio
66,459Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.80%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
228.14%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.64%Net loans and leases to deposits
54.12%Net loans and leases to core deposits
62.69%Equity capital to assets
10.04%Core capital (leverage) ratio
10.00%Tier 1 risk-based capital ratio
22.89%Total risk-based capital ratio
Memoranda
$24Average assets
$156,053Average earning assets
$15,224Average equity
$148,352Average loans
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