FDIC Certificate #: 16041 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BSB Bank & Trust Company (#15957) Federal Reserve ID: 566814 Date Established: April 16, 1866 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 8303 FDIC's unique #: 10269 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: July 01, 1999 Last Structure Change Process Date: August 04, 1999 Last Data Update: August 04, 1999 Data Source Date: April 05, 2012
Location
Address: 33 East Genesee Street, Skaneateles, NY 13152 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)
Financial Summary
Total assets: $272.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
122Total employees (full-time equivalent)
$276,246Total assets
$9,337Cash and due from depository institutions
$539Interest-bearing balances
$20,375Securities
$24,300Federal funds sold & reverse repurchase agreements
$212,654Net loans & leases
$2,862Loan loss allowance
$0Trading account assets
$5,763Bank premises and fixed assets
$899Other real estate owned
$386Goodwill and other intangibles
$0Life insurance assets
$2,532All other assets
$276,246Total liabilities and capital
$257,278Total liabilities
$240,225Total deposits
$209,979Interest-bearing deposits
$240,225Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,978Other borrowed funds
$0Subordinated debt
$1,075All other liabilities
$18,968Total equity capital
$18,968Total bank equity capital
$18,968Perpetual preferred stock
$0Common stock
$1,027Surplus
$9,251Undivided profits
Memoranda
$8,690Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,046Earning assets
$0Long-term assets (5+ years)
$1,333Average Assets, year-to-date
$257,868Average Assets, quarterly
$101,733Volatile liabilities
$265,692Insider loans
$273,910FHLB advances
$26,737Loans and leases held for sale
$957Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,505Total risk weighted assets
$27,211Total unused commitments
$0Restructured Loans and leases
$184,385Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$20,054Total interest income
$9,518Total interest expense
$10,536Net interest income
$675Provision for loan and lease losses
$2,338Total noninterest income
$0Fiduciary activities
$1,726Service charges on deposit accounts
$0Trading account gains & fees
$612Additional noninterest income
$9,675Total noninterest expense
$4,062Salaries and employee benefits
$1,488Premises and equipment expense
$4,125Additional noninterest expense
$2,524Pre-tax net operating income
$0Securities gains (losses)
$875Applicable income taxes
$1,649Income before extraordinary items
$0Extraordinary gains - net
$1,649Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$373Sale, conversion, retirement of capital stock, net
$302Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.07%Yield on earning assets
3.83%Cost of funding earning assets
4.24%Net interest margin
0.94%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.95%Pretax return on assets
9.03%Return on equity (ROE)
7.38%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
180.97%Credit loss provision to net charge-offs
8.58%Efficiency ratio
74,445Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.31%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
70.74%Noncurrent assets plus other real estate owned to assets
1.79%Noncurrent loans to loans
1.88%Net loans and leases to deposits
88.52%Net loans and leases to core deposits
94.51%Equity capital to assets
6.87%Core capital (leverage) ratio
6.81%Tier 1 risk-based capital ratio
10.09%Total risk-based capital ratio
Memoranda
$11Average assets
$265,692Average earning assets
$18,256Average equity
$248,422Average loans
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