FDIC Certificate #: 32120 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Niagara Bank, National Association (#16004) Federal Reserve ID: 711605 Date Established: September 24, 1984 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7874 FDIC's unique #: 44954 Numeric code: 33 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: September 24, 1984 Last Structure Change Effective Date: January 17, 2003 Last Structure Change Process Date: Febuary 06, 2003 Last Data Update: Febuary 06, 2003 Data Source Date: April 05, 2012
Location
Address: 470 Exchange Street, Geneva, NY 14456 County: Ontario 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): Rochester, NY (#6840) Combined Statistical Area (CSA): Rochester-Batavia-Seneca Falls, NY (#464) Core Based Statistical Area (CBSA): Rochester, NY (#40380) CBSA Metro Statistical Area: Rochester, NY (#40380)
Financial Summary
Total assets: $380.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
97Total employees (full-time equivalent)
$380,790Total assets
$4,878Cash and due from depository institutions
$0Interest-bearing balances
$153,113Securities
$0Federal funds sold & reverse repurchase agreements
$198,180Net loans & leases
$1,980Loan loss allowance
$0Trading account assets
$3,704Bank premises and fixed assets
$9Other real estate owned
$425Goodwill and other intangibles
$0Life insurance assets
$20,481All other assets
$380,790Total liabilities and capital
$343,982Total liabilities
$263,564Total deposits
$263,564Interest-bearing deposits
$263,564Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$77,904Other borrowed funds
$0Subordinated debt
$2,514All other liabilities
$36,808Total equity capital
$36,808Total bank equity capital
$36,808Perpetual preferred stock
$0Common stock
$36Surplus
$16,173Undivided profits
Memoranda
$20,599Noncurrent loans and leases
$31,311Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$604Earning assets
$0Long-term assets (5+ years)
$1,211Average Assets, year-to-date
$351,293Average Assets, quarterly
$0Volatile liabilities
$372,665Insider loans
$384,799FHLB advances
$133,254Loans and leases held for sale
$962Unused loan commitments
$76,734Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$31,311Total unused commitments
$92Restructured Loans and leases
$1,980Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$22,547Total interest income
$11,771Total interest expense
$10,776Net interest income
$860Provision for loan and lease losses
$2,505Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,505Additional noninterest income
$11,704Total noninterest expense
$7,487Salaries and employee benefits
$1,815Premises and equipment expense
$2,402Additional noninterest expense
$717Pre-tax net operating income
$990Securities gains (losses)
$353Applicable income taxes
$1,354Income before extraordinary items
$0Extraordinary gains - net
$1,354Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$414Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
3.42%Cost of funding earning assets
3.13%Net interest margin
0.73%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
0.15%Net operating income to assets
0.36%Return on assets (ROA)
0.46%Pretax return on assets
3.84%Return on equity (ROE)
3.84%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
207.73%Credit loss provision to net charge-offs
3.81%Efficiency ratio
88,126Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
327.81%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.30%Net loans and leases to deposits
75.19%Net loans and leases to core deposits
95.18%Equity capital to assets
9.67%Core capital (leverage) ratio
9.28%Tier 1 risk-based capital ratio
16.66%Total risk-based capital ratio
Memoranda
$18Average assets
$372,665Average earning assets
$35,243Average equity
$344,044Average loans
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