Jefferson National Bank in Watertown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 26, 1993

  • Jefferson National Bank in Watertown, New York (NY)
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Jefferson National Bank - Overview

  • General
  • FDIC Certificate #: 7135
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Fleet Bank (#6938)
    Federal Reserve ID: 427205
    Date Established: January 01, 1929
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    OTS Docket #: 9192
    FDIC's unique #: 4737
    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: Febuary 26, 1993
    Last Structure Change Process Date: Febuary 26, 1993
    Last Data Update: Febuary 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1125 Arsenal Street, Watertown, NY 13601
    County: Jefferson
    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): Watertown-Fort Drum, NY (#48060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $256.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $203Total assets
  • $256,014Cash and due from depository institutions
  • $15,253Interest-bearing balances
  • $0Securities
  • $36,398Federal funds sold & reverse repurchase agreements
  • $12,850Net loans & leases
  • $171,551Loan loss allowance
  • $9,899Trading account assets
  • $0Bank premises and fixed assets
  • $4,716Other real estate owned
  • $3,283Goodwill and other intangibles
  • $11,834Life insurance assets
  • $129All other assets
  • $0Total liabilities and capital
  • $256,014Total liabilities
  • $252,028Total deposits
  • $248,652Interest-bearing deposits
  • $220,167Deposits held in domestic offices
  • 248652.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $862Subordinated debt
  • $0All other liabilities
  • $2,514Total equity capital
  • $2,514Total bank equity capital
  • $3,986Perpetual preferred stock
  • $0Common stock
  • $2,725Surplus
  • $11,745Undivided profits
  • Memoranda
  • $-10,484Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,090Income earned, not collected on loans
  • $1,321Earning assets
  • $220,799Long-term assets (5+ years)
  • $32,174Average Assets, year-to-date
  • $265,828Average Assets, quarterly
  • $256,188Volatile liabilities
  • $29,979Insider loans
  • $25FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,016Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,857Total risk weighted assets
  • $184,142Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,434Total interest expense
  • $11,700Net interest income
  • $8,734Provision for loan and lease losses
  • $15,597Total noninterest income
  • $3,839Fiduciary activities
  • $0Service charges on deposit accounts
  • $837Trading account gains & fees
  • $1,019Additional noninterest income
  • $1,983Total noninterest expense
  • $12,342Salaries and employee benefits
  • $4,737Premises and equipment expense
  • $1,222Additional noninterest expense
  • $6,383Pre-tax net operating income
  • -$15,366Securities gains (losses)
  • $243Applicable income taxes
  • -$1,964Income before extraordinary items
  • -$13,159Extraordinary gains - net
  • $0Net income attributable to bank
  • -$13,159Net charge-offs
  • $9,798Cash dividends
  • $617Sale, conversion, retirement of capital stock, net
  • $705Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.76%Cost of funding earning assets
  • 5.02%Net interest margin
  • 3.74%Noninterest income to earning assets
  • 1.65%Noninterest expense to earning assets
  • 5.29%Net operating income to assets
  • -5.03%Return on assets (ROA)
  • -4.95%Pretax return on assets
  • -5.69%Return on equity (ROE)
  • -95.69%Retained earnings to average equity (YTD only)
  • -100.17%Net charge-offs to loans
  • 5.11%Credit loss provision to net charge-offs
  • 159.19%Efficiency ratio
  • 97,423Assets per employee
  • 1.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -4.69%Loss allowance to loans
  • 5.46%Loss allowance to noncurrent loans
  • 37.94%Noncurrent assets plus other real estate owned to assets
  • 11.47%Noncurrent loans to loans
  • 14.38%Net loans and leases to deposits
  • 68.99%Net loans and leases to core deposits
  • 78.18%Equity capital to assets
  • 1.56%Core capital (leverage) ratio
  • 1.53%Tier 1 risk-based capital ratio
  • 2.09%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $265,828Average earning assets
  • $13,752Average equity
  • $233,284Average loans

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