FDIC Certificate #: 7228 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Mahopac National Bank (#7153) Federal Reserve ID: 703310 Date Established: January 01, 1924 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Interstate: No) OTS Docket #: 13269 FDIC's unique #: 4763 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 09, 2008 Last Structure Change Process Date: June 17, 2008 Last Data Update: June 17, 2008 Data Source Date: April 05, 2012
Location
Address: 49 Beekman Avenue, Sleepy Hollow, NY 10591 County: Westchester Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): New York, NY (#5600) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
Financial Summary
Total assets: $243.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
50Total employees (full-time equivalent)
$241,088Total assets
$5,292Cash and due from depository institutions
$80Interest-bearing balances
$54,567Securities
$18,579Federal funds sold & reverse repurchase agreements
$154,972Net loans & leases
$1,213Loan loss allowance
$0Trading account assets
$1,176Bank premises and fixed assets
$0Other real estate owned
$1Goodwill and other intangibles
$3,431Life insurance assets
$6,501All other assets
$241,088Total liabilities and capital
$221,905Total liabilities
$219,965Total deposits
$192,270Interest-bearing deposits
$219,965Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,940All other liabilities
$19,183Total equity capital
$19,183Total bank equity capital
$19,183Perpetual preferred stock
$0Common stock
$8Surplus
$10,482Undivided profits
Memoranda
$8,693Noncurrent loans and leases
$14,355Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$640Earning assets
$0Long-term assets (5+ years)
$997Average Assets, year-to-date
$228,198Average Assets, quarterly
$66,828Volatile liabilities
$249,673Insider loans
$243,015FHLB advances
$34,462Loans and leases held for sale
$419Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,355Total unused commitments
$0Restructured Loans and leases
$1,213Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$12,887Total interest income
$7,051Total interest expense
$5,836Net interest income
$437Provision for loan and lease losses
$1,146Total noninterest income
$0Fiduciary activities
$680Service charges on deposit accounts
$0Trading account gains & fees
$466Additional noninterest income
$7,921Total noninterest expense
$3,954Salaries and employee benefits
$1,094Premises and equipment expense
$2,873Additional noninterest expense
-$1,376Pre-tax net operating income
-$3Securities gains (losses)
-$440Applicable income taxes
-$939Income before extraordinary items
$0Extraordinary gains - net
-$939Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$568Sale, conversion, retirement of capital stock, net
$529Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
2.98%Cost of funding earning assets
2.46%Net interest margin
0.48%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
-0.38%Net operating income to assets
-0.38%Return on assets (ROA)
-0.55%Pretax return on assets
-4.72%Return on equity (ROE)
-7.37%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
76.94%Credit loss provision to net charge-offs
-1.65%Efficiency ratio
113,449Assets per employee
4.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
-56.34%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
189.53%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.41%Net loans and leases to deposits
70.45%Net loans and leases to core deposits
83.54%Equity capital to assets
7.96%Core capital (leverage) ratio
7.91%Tier 1 risk-based capital ratio
12.36%Total risk-based capital ratio
Memoranda
$13Average assets
$249,673Average earning assets
$19,912Average equity
$236,816Average loans
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