FDIC Certificate #: 31225 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Steuben Trust Company (#12936) Federal Reserve ID: 962779 Date Established: January 01, 1921 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6571 FDIC's unique #: 44059 Numeric code: 36 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 05, 1961 Last Structure Change Effective Date: Febuary 20, 2009 Last Structure Change Process Date: March 09, 2009 Last Data Update: March 09, 2009 Data Source Date: April 05, 2012
Location
Address: 1 Main St, Canisteo, NY 14823 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: $6.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
2Total employees (full-time equivalent)
$6,890Total assets
$2,266Cash and due from depository institutions
$1,802Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$4,504Net loans & leases
$37Loan loss allowance
$0Trading account assets
$35Bank premises and fixed assets
$28Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$57All other assets
$6,890Total liabilities and capital
$6,334Total liabilities
$6,288Total deposits
$6,288Interest-bearing deposits
$6,288Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$46All other liabilities
$556Total equity capital
$556Total bank equity capital
$556Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$556Noncurrent loans and leases
$381Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$264Earning assets
$0Long-term assets (5+ years)
$48Average Assets, year-to-date
$6,306Average Assets, quarterly
$0Volatile liabilities
$6,660Insider loans
$6,852FHLB advances
$1,798Loans and leases held for sale
$94Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$381Total unused commitments
$28Restructured Loans and leases
$37Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$360Total interest income
$220Total interest expense
$140Net interest income
$16Provision for loan and lease losses
$1Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1Additional noninterest income
$145Total noninterest expense
$55Salaries and employee benefits
$18Premises and equipment expense
$72Additional noninterest expense
-$20Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$20Income before extraordinary items
$0Extraordinary gains - net
-$20Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.67%Yield on earning assets
3.46%Cost of funding earning assets
2.20%Net interest margin
0.02%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
-0.30%Net operating income to assets
-0.30%Return on assets (ROA)
-0.30%Pretax return on assets
-3.52%Return on equity (ROE)
-3.52%Retained earnings to average equity (YTD only)
-0.11%Net charge-offs to loans
-320.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
102,837Assets per employee
3.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
14.02%Noncurrent assets plus other real estate owned to assets
4.24%Noncurrent loans to loans
5.81%Net loans and leases to deposits
71.63%Net loans and leases to core deposits
100.31%Equity capital to assets
8.07%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
15.08%Total risk-based capital ratio
Memoranda
$16Average assets
$6,660Average earning assets
$569Average equity
$6,351Average loans
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