Massena Savings and Loan in Massena, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Massena Savings and Loan in Massena, New York (NY)
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Massena Savings and Loan - Overview

  • General
  • FDIC Certificate #: 30429
    Status: Active
    Federal Reserve ID: 454975
    Date Established: January 01, 1924
    WWW: http://www.massenasavingsloan.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 5323
    FDIC's unique #: 43263
    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: October 14, 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: 255 Main Street, Massena, NY 13662
    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
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $137.1 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $114.4 mil
    Return on assets (ROA): 0.67% ($0.9 mil)
    Quarterly return on assets: 0.28% ($0.4 mil)
    Return on Equity (ROE): 6.47% ($1.0 mil)
    Quarterly return on equity: 2.66% ($0.4 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.01% ($1,385.2 mil)
    Quarterly Pretax return on assets: 0.37% ($507.4 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
  • 20Total employees (full-time equivalent)
  • $137,145Total assets
  • $10,835Cash and due from depository institutions
  • $10,055Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,240Net loans & leases
  • $800Loan loss allowance
  • $0Trading account assets
  • $2,944Bank premises and fixed assets
  • $363Other real estate owned
  • $0Goodwill and other intangibles
  • $137,145Life insurance assets
  • $3,763All other assets
  • $122,490Total liabilities and capital
  • $114,357Total liabilities
  • $112,558Total deposits
  • $114,357Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $133Subordinated debt
  • $14,655All other liabilities
  • $14,655Total equity capital
  • $14,655Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $14,655Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,500Income earned, not collected on loans
  • $0Earning assets
  • $553Long-term assets (5+ years)
  • $129,295Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $136,624Volatile liabilities
  • $136,234Insider loans
  • $84,569FHLB advances
  • $137,145Loans and leases held for sale
  • $2,056Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,655Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,146Restructured Loans and leases
  • $1,654Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,349Total interest income
  • $2,593Total interest expense
  • $4,756Net interest income
  • $477Provision for loan and lease losses
  • $273Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $3,173Total noninterest expense
  • $1,796Salaries and employee benefits
  • $584Premises and equipment expense
  • $793Additional noninterest expense
  • $1,379Pre-tax net operating income
  • $0Securities gains (losses)
  • $457Applicable income taxes
  • $922Income before extraordinary items
  • $0Extraordinary gains - net
  • $922Net income attributable to bank
  • $0Net charge-offs
  • $922Cash dividends
  • $489Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 6.47%Return on equity (ROE)
  • 6.47%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 97.55%Credit loss provision to net charge-offs
  • 3.80%Efficiency ratio
  • 63,094Assets per employee
  • 6.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.67%Loss allowance to noncurrent loans
  • 53.33%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 104.27%Net loans and leases to core deposits
  • 111.26%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 10.69%Tier 1 risk-based capital ratio
  • 17.33%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $136,624Average earning assets
  • $14,248Average equity
  • $129,065Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043263Massena Savings And Loan255 Main Street, Massena, NY 13662January 01, 1924Full Service Brick and Mortar
    1495984Waddington Branch155 Lincoln Avenue, Waddington, NY 13694June 30, 2007Full Service Brick and Mortar

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