The First National Bank of Northern New York - Overview
General
FDIC Certificate #: 7224 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:NBT Bank, National Association (#7230) Federal Reserve ID: 701213 Date Established: October 16, 1916 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 13816 FDIC's unique #: 4762 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2001 Last Structure Change Process Date: June 18, 2001 Last Data Update: June 18, 2001 Data Source Date: April 05, 2012
Location
Address: Main And Bank Streets, Norfolk, NY 13667 County: St. Lawrence 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 Core Based Statistical Area (CBSA): Ogdensburg-Massena, NY (#36300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $123.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
58Total employees (full-time equivalent)
$114,239Total assets
$5,892Cash and due from depository institutions
$9Interest-bearing balances
$25,784Securities
$1,901Federal funds sold & reverse repurchase agreements
$71,817Net loans & leases
$516Loan loss allowance
$0Trading account assets
$4,476Bank premises and fixed assets
$223Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,146All other assets
$114,239Total liabilities and capital
$104,290Total liabilities
$102,825Total deposits
$89,012Interest-bearing deposits
$102,825Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,465All other liabilities
$9,949Total equity capital
$9,949Total bank equity capital
$9,949Perpetual preferred stock
$0Common stock
$933Surplus
$2,467Undivided profits
Memoranda
$6,549Noncurrent loans and leases
$6,507Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$527Earning assets
$0Long-term assets (5+ years)
$261Average Assets, year-to-date
$99,511Average Assets, quarterly
$27,438Volatile liabilities
$111,073Insider loans
$113,370FHLB advances
$19,883Loans and leases held for sale
$1,949Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,507Total unused commitments
$0Restructured Loans and leases
$516Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,635Total interest income
$4,217Total interest expense
$3,418Net interest income
$0Provision for loan and lease losses
$753Total noninterest income
$0Fiduciary activities
$359Service charges on deposit accounts
$0Trading account gains & fees
$394Additional noninterest income
$3,080Total noninterest expense
$1,802Salaries and employee benefits
$413Premises and equipment expense
$865Additional noninterest expense
$1,091Pre-tax net operating income
$0Securities gains (losses)
$169Applicable income taxes
$922Income before extraordinary items
$0Extraordinary gains - net
$922Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$87Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.90%Yield on earning assets
4.36%Cost of funding earning assets
3.54%Net interest margin
0.78%Noninterest income to earning assets
3.19%Noninterest expense to earning assets
0.83%Net operating income to assets
0.83%Return on assets (ROA)
0.98%Pretax return on assets
10.09%Return on equity (ROE)
9.14%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
136.38%Efficiency ratio
73,843Assets per employee
1.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.44%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
97.91%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.73%Net loans and leases to deposits
69.84%Net loans and leases to core deposits
86.59%Equity capital to assets
8.71%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
14.30%Total risk-based capital ratio
Memoranda
$15Average assets
$111,073Average earning assets
$9,135Average equity
$96,673Average loans
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