Seneca Falls Savings Bank in Seneca Falls, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Seneca Falls Savings Bank in Seneca Falls, New York (NY)
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Seneca Falls Savings Bank - Overview

  • General
  • FDIC Certificate #: 16040
    Status: Active
    Federal Reserve ID: 442011
    Date Established: May 21, 1870
    WWW: http://www.senecafallssavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 18024
    FDIC's unique #: 10268
    Numeric code: 33
    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: July 01, 1943
    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: 19 Cayuga Street, Seneca Falls, NY 13148
    County: Seneca
    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): Rochester-Batavia-Seneca Falls, NY (#464)
    Core Based Statistical Area (CBSA): Seneca Falls, NY (#42900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $243.5 mil
    Equity capital: $22.7 mil
    Deposits held in domestic offices: $190.4 mil
    Return on assets (ROA): 0.59% ($1.4 mil)
    Quarterly return on assets: 0.67% ($1.6 mil)
    Return on Equity (ROE): 7.10% ($1.6 mil)
    Quarterly return on equity: 7.02% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.91% ($2,215.7 mil)
    Quarterly Pretax return on assets: 1.02% ($2,483.5 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
  • 79Total employees (full-time equivalent)
  • $243,485Total assets
  • $6,024Cash and due from depository institutions
  • $3,220Interest-bearing balances
  • $27,231Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $188,166Net loans & leases
  • $1,286Loan loss allowance
  • $1,215Trading account assets
  • $11,596Bank premises and fixed assets
  • $145Other real estate owned
  • $337Goodwill and other intangibles
  • $243,485Life insurance assets
  • $8,771All other assets
  • $220,736Total liabilities and capital
  • $190,443Total liabilities
  • $174,274Total deposits
  • $190,443Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,692Trading liabilities
  • $0Other borrowed funds
  • $601Subordinated debt
  • $22,749All other liabilities
  • $22,749Total equity capital
  • $22,749Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $9,140Surplus
  • $13,608Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,101Income earned, not collected on loans
  • $0Earning assets
  • $851Long-term assets (5+ years)
  • $219,832Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $241,964Volatile liabilities
  • $243,909Insider loans
  • $157,548FHLB advances
  • $245,741Loans and leases held for sale
  • $3,815Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,543Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,047Restructured Loans and leases
  • $241Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,388Total interest income
  • $2,998Total interest expense
  • $8,390Net interest income
  • $611Provision for loan and lease losses
  • $2,251Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $10Trading account gains & fees
  • $2,241Additional noninterest income
  • $7,832Total noninterest expense
  • $3,824Salaries and employee benefits
  • $1,725Premises and equipment expense
  • $2,283Additional noninterest expense
  • $2,198Pre-tax net operating income
  • $0Securities gains (losses)
  • $775Applicable income taxes
  • $1,423Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,423Net income attributable to bank
  • $0Net charge-offs
  • $1,423Cash dividends
  • $279Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 7.10%Return on equity (ROE)
  • 7.10%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 219.00%Credit loss provision to net charge-offs
  • 10.07%Efficiency ratio
  • 73,555Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 116.80%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 98.80%Net loans and leases to core deposits
  • 102.23%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 14.94%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $241,964Average earning assets
  • $20,053Average equity
  • $215,849Average loans

List of branches

  • 8 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    010268Seneca Falls Savings Bank19 Cayuga Street, Seneca Falls, NY 13148May 21, 1870Full Service Brick and Mortar
    1359135Auburn Branch297 Grant Avenue, Auburn, NY 13021March 10, 2000Full Service Brick and Mortar
    2430596Waterloo Branch59 Washington Street, Waterloo, NY 13165July 14, 2002Full Service Brick and Mortar
    3430597Geneva Branch342 Hamilton Street, Geneva, NY 14456January 20, 2004Full Service Brick and Mortar
    4491825Osborne Branch10 Osborne Street, Auburn, NY 13021January 31, 2008Full Service Brick and Mortar
    5495125Union Springs Branch152 Cayuga Street, Union Springs, NY 13160May 15, 2009Full Service Brick and Mortar
    6512618Phelps Branch89 Main Street, Phelps, NY 14532September 15, 2009Full Service Brick and Mortar
    7522027Bank Of Waterloo Branch1865 North Road, Waterloo, NY 13165July 01, 2010Full Service Brick and Mortar

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