Geddes Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 30397 Status: Active Federal Reserve ID: 451273 Date Established: January 01, 1948 WWW:http://www.geddesfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 5278 FDIC's unique #: 43231 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: March 30, 1949 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 2208 West Genesee St, Syracuse, NY 13219 County: Onondaga 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 Metropolitan Statistical Area (MSA): Syracuse, NY (#8160) Combined Statistical Area (CSA): Syracuse-Auburn, NY (#532) Core Based Statistical Area (CBSA): Syracuse, NY (#45060) CBSA Metro Statistical Area: Syracuse, NY (#45060)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $474.4 mil Equity capital: $61.2 mil Deposits held in domestic offices: $412.9 mil Return on assets (ROA): 0.88% ($4.2 mil) Quarterly return on assets: 0.77% ($3.6 mil) Return on Equity (ROE): 6.96% ($4.2 mil) Quarterly return on equity: 5.98% ($3.6 mil) Net income: $4.1 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.41% ($6,689.3 mil) Quarterly Pretax return on assets: 1.23% ($5,835.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
37Total employees (full-time equivalent)
$474,417Total assets
$22,887Cash and due from depository institutions
$5,076Interest-bearing balances
$5,480Securities
$2,000Federal funds sold & reverse repurchase agreements
$440,255Net loans & leases
$612Loan loss allowance
$0Trading account assets
$409Bank premises and fixed assets
$315Other real estate owned
$0Goodwill and other intangibles
$474,417Life insurance assets
$3,071All other assets
$413,231Total liabilities and capital
$412,910Total liabilities
$409,050Total deposits
$412,910Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$321Subordinated debt
$61,186All other liabilities
$61,186Total equity capital
$61,186Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$61,186Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,301Income earned, not collected on loans
$0Earning assets
$1,095Long-term assets (5+ years)
$452,811Average Assets, year-to-date
$0Average Assets, quarterly
$468,247Volatile liabilities
$474,016Insider loans
$266,192FHLB advances
$474,351Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$61,120Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$42,600Restructured Loans and leases
$599Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$21,295Total interest income
$8,373Total interest expense
$12,922Net interest income
$95Provision for loan and lease losses
$294Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$294Additional noninterest income
$6,504Total noninterest expense
$2,922Salaries and employee benefits
$927Premises and equipment expense
$2,655Additional noninterest expense
$6,617Pre-tax net operating income
$0Securities gains (losses)
$2,498Applicable income taxes
$4,119Income before extraordinary items
$0Extraordinary gains - net
$4,119Net income attributable to bank
$0Net charge-offs
$4,119Cash dividends
$139Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
1.88%Cost of funding earning assets
2.89%Net interest margin
0.07%Noninterest income to earning assets
1.46%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.41%Pretax return on assets
6.96%Return on equity (ROE)
6.96%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
68.35%Credit loss provision to net charge-offs
48.29%Efficiency ratio
49,213Assets per employee
12.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.14%Loss allowance to noncurrent loans
47.04%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.30%Net loans and leases to deposits
106.62%Net loans and leases to core deposits
121.81%Equity capital to assets
12.90%Core capital (leverage) ratio
12.88%Tier 1 risk-based capital ratio
22.96%Total risk-based capital ratio
Memoranda
$23Average assets
$468,247Average earning assets
$59,155Average equity
$446,457Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
43231
Geddes Federal Savings And Loan Asso
2208 West Genesee St, Syracuse, NY 13219
January 01, 1948
Full Service Brick and Mortar
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