Canton Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 27937 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The North Country Savings Bank (#16030) Federal Reserve ID: 624077 Date Established: January 01, 1889 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 576 FDIC's unique #: 40771 Numeric code: 38 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 04, 1952 Last Structure Change Effective Date: July 01, 1999 Last Structure Change Process Date: August 04, 1999 Last Data Update: August 04, 1999 Data Source Date: April 05, 2012
Location
Address: 127 Main Street, Canton, NY 13617 County: St. Lawrence 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): Ogdensburg-Massena, NY (#36300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $104.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
27Total employees (full-time equivalent)
$105,227Total assets
$8,889Cash and due from depository institutions
$6,789Interest-bearing balances
$10,040Securities
$2,900Federal funds sold & reverse repurchase agreements
$80,165Net loans & leases
$432Loan loss allowance
$0Trading account assets
$1,643Bank premises and fixed assets
$51Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,539All other assets
$105,227Total liabilities and capital
$89,741Total liabilities
$83,942Total deposits
$83,396Interest-bearing deposits
$83,942Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,681Other borrowed funds
$0Subordinated debt
$118All other liabilities
$15,486Total equity capital
$15,486Total bank equity capital
$15,486Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$15,486Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$341Earning assets
$0Long-term assets (5+ years)
$517Average Assets, year-to-date
$99,894Average Assets, quarterly
$0Volatile liabilities
$102,726Insider loans
$104,385FHLB advances
$15,632Loans and leases held for sale
$296Unused loan commitments
$5,681Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,950Total unused commitments
$0Restructured Loans and leases
$52,833Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,312Total interest income
$4,304Total interest expense
$3,008Net interest income
$131Provision for loan and lease losses
$173Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$173Additional noninterest income
$2,092Total noninterest expense
$1,094Salaries and employee benefits
$420Premises and equipment expense
$578Additional noninterest expense
$958Pre-tax net operating income
$1Securities gains (losses)
$355Applicable income taxes
$604Income before extraordinary items
$0Extraordinary gains - net
$604Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.53%Yield on earning assets
4.43%Cost of funding earning assets
3.10%Net interest margin
0.18%Noninterest income to earning assets
2.15%Noninterest expense to earning assets
0.59%Net operating income to assets
0.59%Return on assets (ROA)
0.93%Pretax return on assets
3.97%Return on equity (ROE)
3.97%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
935.71%Credit loss provision to net charge-offs
77.79%Efficiency ratio
65,765Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.54%Loss allowance to noncurrent loans
126.69%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.42%Net loans and leases to deposits
95.50%Net loans and leases to core deposits
108.34%Equity capital to assets
14.72%Core capital (leverage) ratio
14.73%Tier 1 risk-based capital ratio
29.35%Total risk-based capital ratio
Memoranda
$30Average assets
$102,726Average earning assets
$15,222Average equity
$97,086Average loans
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