FDIC Certificate #: 7017 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Alliance Bank, National Association (#7237) Federal Reserve ID: 50005 Date Established: May 13, 1869 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 8 (Interstate: No) OTS Docket #: 13792 FDIC's unique #: 4693 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 16, 1999 Last Structure Change Process Date: May 14, 1999 Last Data Update: May 14, 1999 Data Source Date: April 05, 2012
Location
Address: 65 Main Street, Cortland, NY 13045 County: Cortland 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): Ithaca-Cortland, NY (#296) Core Based Statistical Area (CBSA): Cortland, NY (#18660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $237.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
124Total employees (full-time equivalent)
$231,431Total assets
$9,648Cash and due from depository institutions
$42Interest-bearing balances
$87,128Securities
$4,800Federal funds sold & reverse repurchase agreements
$121,889Net loans & leases
$1,335Loan loss allowance
$0Trading account assets
$3,171Bank premises and fixed assets
$255Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,540All other assets
$231,431Total liabilities and capital
$208,185Total liabilities
$205,882Total deposits
$173,460Interest-bearing deposits
$205,882Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,303All other liabilities
$23,246Total equity capital
$23,246Total bank equity capital
$23,246Perpetual preferred stock
$0Common stock
$3,360Surplus
$3,360Undivided profits
Memoranda
$16,526Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$109Earning assets
$0Long-term assets (5+ years)
$638Average Assets, year-to-date
$213,859Average Assets, quarterly
$79,968Volatile liabilities
$227,446Insider loans
$229,922FHLB advances
$12,632Loans and leases held for sale
$4,833Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,226Total unused commitments
$0Restructured Loans and leases
$128,328Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$15,782Total interest income
$6,390Total interest expense
$9,392Net interest income
$225Provision for loan and lease losses
$1,809Total noninterest income
$435Fiduciary activities
$823Service charges on deposit accounts
$0Trading account gains & fees
$551Additional noninterest income
$7,809Total noninterest expense
$4,249Salaries and employee benefits
$1,327Premises and equipment expense
$2,233Additional noninterest expense
$3,167Pre-tax net operating income
$35Securities gains (losses)
$437Applicable income taxes
$2,765Income before extraordinary items
$0Extraordinary gains - net
$2,765Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$130Sale, conversion, retirement of capital stock, net
$4,538Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.54%Yield on earning assets
3.05%Cost of funding earning assets
4.49%Net interest margin
0.86%Noninterest income to earning assets
3.73%Noninterest expense to earning assets
1.20%Net operating income to assets
1.22%Return on assets (ROA)
1.41%Pretax return on assets
11.06%Return on equity (ROE)
-7.09%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
173.08%Credit loss provision to net charge-offs
26.09%Efficiency ratio
69,717Assets per employee
1.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
164.12%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
1224.77%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.09%Net loans and leases to deposits
59.20%Net loans and leases to core deposits
63.07%Equity capital to assets
10.04%Core capital (leverage) ratio
9.47%Tier 1 risk-based capital ratio
17.04%Total risk-based capital ratio
Memoranda
$18Average assets
$227,446Average earning assets
$24,995Average equity
$209,389Average loans
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