FDIC Certificate #: 581 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bath National Bank (#6962) Federal Reserve ID: 62709 Date Established: September 23, 1901 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 397 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 01, 2002 Last Structure Change Process Date: May 14, 2002 Last Data Update: May 14, 2002 Data Source Date: April 05, 2012
Location
Address: 18 North Main Street, Avoca, NY 14809 County: Steuben 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 Core Based Statistical Area (CBSA): Corning, NY (#18500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $18.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2001)
Dollar figures in thousands
11Total employees (full-time equivalent)
$17,933Total assets
$1,311Cash and due from depository institutions
$100Interest-bearing balances
$3,741Securities
$1,700Federal funds sold & reverse repurchase agreements
$10,879Net loans & leases
$89Loan loss allowance
$0Trading account assets
$160Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$142All other assets
$17,933Total liabilities and capital
$16,517Total liabilities
$16,397Total deposits
$13,840Interest-bearing deposits
$16,397Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$120All other liabilities
$1,416Total equity capital
$1,416Total bank equity capital
$1,416Perpetual preferred stock
$0Common stock
$100Surplus
$100Undivided profits
Memoranda
$1,216Noncurrent loans and leases
$467Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$68Earning assets
$0Long-term assets (5+ years)
$44Average Assets, year-to-date
$16,420Average Assets, quarterly
$8,249Volatile liabilities
$17,916Insider loans
$18,173FHLB advances
$2,481Loans and leases held for sale
$346Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$467Total unused commitments
$0Restructured Loans and leases
$89Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,198Total interest income
$552Total interest expense
$646Net interest income
$18Provision for loan and lease losses
$108Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$821Total noninterest expense
$386Salaries and employee benefits
$113Premises and equipment expense
$322Additional noninterest expense
-$85Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$85Income before extraordinary items
$0Extraordinary gains - net
-$85Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$5Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.25%Yield on earning assets
3.34%Cost of funding earning assets
3.91%Net interest margin
0.65%Noninterest income to earning assets
4.97%Noninterest expense to earning assets
-0.47%Net operating income to assets
-0.47%Return on assets (ROA)
-0.47%Pretax return on assets
-5.64%Return on equity (ROE)
-5.98%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
-3.72%Efficiency ratio
108,886Assets per employee
1.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.88%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
130.88%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.62%Net loans and leases to deposits
66.35%Net loans and leases to core deposits
78.18%Equity capital to assets
7.90%Core capital (leverage) ratio
7.65%Tier 1 risk-based capital ratio
15.46%Total risk-based capital ratio
Memoranda
$16Average assets
$17,916Average earning assets
$1,506Average equity
$16,527Average loans
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