The First National Bank of Dryden in Dryden, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The First National Bank of Dryden in Dryden, New York (NY)
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The First National Bank of Dryden routing number info

The First National Bank of Dryden - Overview

  • General
  • FDIC Certificate #: 7031
    Status: Active
    Federal Reserve ID: 241009
    Date Established: January 01, 1902
    WWW: http://www.drydenbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14173
    FDIC's unique #: 4700
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7 West Main Street, Dryden, NY 13053
    County: Tompkins
    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): Ithaca-Cortland, NY (#296)
    Core Based Statistical Area (CBSA): Ithaca, NY (#27060)
    CBSA Metro Statistical Area: Ithaca, NY (#27060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $106.0 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $89.1 mil
    Return on assets (ROA): 1.11% ($1.2 mil)
    Quarterly return on assets: 0.37% ($0.4 mil)
    Return on Equity (ROE): 8.90% ($1.2 mil)
    Quarterly return on equity: 2.93% ($0.4 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.35% ($1,431.0 mil)
    Quarterly Pretax return on assets: 0.70% ($742.0 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
  • 32Total employees (full-time equivalent)
  • $106,000Total assets
  • $9,484Cash and due from depository institutions
  • $5,854Interest-bearing balances
  • $53,736Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $37,581Net loans & leases
  • $866Loan loss allowance
  • $0Trading account assets
  • $1,298Bank premises and fixed assets
  • $146Other real estate owned
  • $0Goodwill and other intangibles
  • $106,000Life insurance assets
  • $2,755All other assets
  • $91,892Total liabilities and capital
  • $89,134Total liabilities
  • $69,804Total deposits
  • $89,134Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $758Subordinated debt
  • $14,108All other liabilities
  • $14,108Total equity capital
  • $14,108Total bank equity capital
  • $0Perpetual preferred stock
  • $756Common stock
  • $4,017Surplus
  • $9,335Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $263Income earned, not collected on loans
  • $0Earning assets
  • $340Long-term assets (5+ years)
  • $98,171Average Assets, year-to-date
  • $57,874Average Assets, quarterly
  • $109,579Volatile liabilities
  • $111,730Insider loans
  • $40,513FHLB advances
  • $109,431Loans and leases held for sale
  • $1,691Unused loan commitments
  • $1,691Tier 1 (core) risk-based capital
  • $12,930Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,094Restructured Loans and leases
  • $725Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,437Total interest income
  • $300Total interest expense
  • $4,137Net interest income
  • $260Provision for loan and lease losses
  • $388Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $221Additional noninterest income
  • $2,878Total noninterest expense
  • $1,801Salaries and employee benefits
  • $509Premises and equipment expense
  • $568Additional noninterest expense
  • $1,387Pre-tax net operating income
  • $93Securities gains (losses)
  • $264Applicable income taxes
  • $1,216Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,216Net income attributable to bank
  • $0Net charge-offs
  • $1,216Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $743Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 8.90%Return on equity (ROE)
  • 3.46%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 764.71%Credit loss provision to net charge-offs
  • 48.44%Efficiency ratio
  • 63,602Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.10%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 329.28%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 42.16%Net loans and leases to core deposits
  • 43.02%Equity capital to assets
  • 13.31%Core capital (leverage) ratio
  • 11.82%Tier 1 risk-based capital ratio
  • 31.92%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $109,579Average earning assets
  • $13,666Average equity
  • $101,109Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    04700The First National Bank Of Dryden7 West Main Street, Dryden, NY 13053January 01, 1902Full Service Brick and Mortar
    1429601Cortland Branch853 Route 13, Cortland, NY 13045June 14, 2004Full Service Brick and Mortar

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