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

This bank is inactive as of January 03, 1995

The Owego National Bank in Owego, New York (NY)
Show street view No street view available for this location

The Owego National Bank - Overview

General
FDIC Certificate #: 7243
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemung Canal Trust Company (#597)
Federal Reserve ID: 730615
Date Established: June 01, 1883
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 4771
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: January 03, 1995
Last Structure Change Process Date: January 04, 1995
Last Data Update: January 04, 1995
Data Source Date: April 05, 2012
Location
Address: 203 Main Street, Owego, NY 13827
County: Tioga
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): Binghamton, NY (#960)
Core Based Statistical Area (CBSA): Binghamton, NY (#13780)
CBSA Metro Statistical Area: Binghamton, NY (#13780)
Financial Summary
Total assets: $39.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$39,882Cash and due from depository institutions
$2,895Interest-bearing balances
$0Securities
$27,638Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$7,943Loan loss allowance
$100Trading account assets
$0Bank premises and fixed assets
$193Other real estate owned
$140Goodwill and other intangibles
$1,073Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,882Total liabilities
$36,630Total deposits
$36,534Interest-bearing deposits
$30,743Deposits held in domestic offices
36534.00%% insured (estimated)
$63Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$96Total equity capital
$96Total bank equity capital
$3,252Perpetual preferred stock
$0Common stock
$150Surplus
$181Undivided profits
Memoranda
$2,921Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$377Income earned, not collected on loans
$31Earning assets
$35,581Long-term assets (5+ years)
$383Average Assets, year-to-date
$38,966Average Assets, quarterly
$39,002Volatile liabilities
$3,638Insider loans
$10FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,442Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,328Total risk weighted assets
$8,736Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,438Total interest expense
$881Net interest income
$1,557Provision for loan and lease losses
$0Total noninterest income
$238Fiduciary activities
$0Service charges on deposit accounts
$81Trading account gains & fees
$0Additional noninterest income
$157Total noninterest expense
$1,488Salaries and employee benefits
$841Premises and equipment expense
$269Additional noninterest expense
$378Pre-tax net operating income
$307Securities gains (losses)
-$705Applicable income taxes
-$196Income before extraordinary items
-$202Extraordinary gains - net
$0Net income attributable to bank
-$202Net charge-offs
$0Cash dividends
$75Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.73%Cost of funding earning assets
2.43%Net interest margin
4.30%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
4.11%Net operating income to assets
0.64%Return on assets (ROA)
-0.52%Pretax return on assets
-1.02%Return on equity (ROE)
-5.76%Retained earnings to average equity (YTD only)
-7.90%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,897Assets per employee
1.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
-37.13%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
26.53%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
4.69%Net loans and leases to deposits
21.74%Net loans and leases to core deposits
24.15%Equity capital to assets
8.15%Core capital (leverage) ratio
8.58%Tier 1 risk-based capital ratio
38.10%Total risk-based capital ratio
Memoranda
$39Average assets
$38,966Average earning assets
$3,506Average equity
$36,208Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Owego National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.