FDIC Certificate #: 9406 Status: Active Federal Reserve ID: 92902 Date Established: March 30, 1882 WWW:http://www.bankofcattaraugus.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6043 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 24 Main Street, Cattaraugus, NY 14719 County: Cattaraugus 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 Combined Statistical Area (CSA): Buffalo-Niagara-Cattaraugus, NY (#160) Core Based Statistical Area (CBSA): Olean, NY (#36460) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $14.0 mil Equity capital: $1.4 mil Deposits held in domestic offices: $12.7 mil Return on assets (ROA): -1.38% (-$0.2 mil) Quarterly return on assets: -5.89% (-$0.8 mil) Return on Equity (ROE): -18.33% (-$0.2 mil) Quarterly return on equity: -71.62% (-$0.7 mil) Net income: -$0.2 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -1.43% (-$200.8 mil) Quarterly Pretax return on assets: -6.18% (-$867.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
8Total employees (full-time equivalent)
$14,043Total assets
$1,487Cash and due from depository institutions
$796Interest-bearing balances
$3,832Securities
$0Federal funds sold & reverse repurchase agreements
$7,533Net loans & leases
$110Loan loss allowance
$0Trading account assets
$342Bank premises and fixed assets
$131Other real estate owned
$0Goodwill and other intangibles
$14,043Life insurance assets
$718All other assets
$12,678Total liabilities and capital
$12,668Total liabilities
$7,875Total deposits
$12,668Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$10Subordinated debt
$1,365All other liabilities
$1,365Total equity capital
$1,365Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$200Surplus
$1,065Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$129Income earned, not collected on loans
$0Earning assets
$82Long-term assets (5+ years)
$12,161Average Assets, year-to-date
$9,853Average Assets, quarterly
$15,593Volatile liabilities
$15,139Insider loans
$8,268FHLB advances
$15,248Loans and leases held for sale
$326Unused loan commitments
$326Tier 1 (core) risk-based capital
$1,306Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$478Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$754Total interest income
$25Total interest expense
$729Net interest income
$4Provision for loan and lease losses
$99Total noninterest income
$0Fiduciary activities
$77Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$1,047Total noninterest expense
$496Salaries and employee benefits
$185Premises and equipment expense
$366Additional noninterest expense
-$223Pre-tax net operating income
$0Securities gains (losses)
-$8Applicable income taxes
-$215Income before extraordinary items
$0Extraordinary gains - net
-$215Net income attributable to bank
$0Net charge-offs
-$215Cash dividends
-$6Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.66%Yield on earning assets
0.19%Cost of funding earning assets
5.47%Net interest margin
0.74%Noninterest income to earning assets
7.86%Noninterest expense to earning assets
-1.38%Net operating income to assets
-1.38%Return on assets (ROA)
-1.43%Pretax return on assets
-18.33%Return on equity (ROE)
-18.33%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
-66.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
126,449Assets per employee
1.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
85.27%Noncurrent assets plus other real estate owned to assets
1.85%Noncurrent loans to loans
1.69%Net loans and leases to deposits
59.46%Net loans and leases to core deposits
59.46%Equity capital to assets
9.72%Core capital (leverage) ratio
8.57%Tier 1 risk-based capital ratio
15.80%Total risk-based capital ratio
Memoranda
$17Average assets
$15,593Average earning assets
$1,173Average equity
$13,318Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6043
Bank Of Cattaraugus
24 Main Street, Cattaraugus, NY 14719
March 30, 1882
Full Service Brick and Mortar
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