FDIC Certificate #: 15983 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Berkshire Bank (#23621) Federal Reserve ID: 641515 Date Established: June 30, 1851 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17970 FDIC's unique #: 10214 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: April 01, 2011 Last Structure Change Process Date: April 14, 2011 Last Data Update: April 14, 2011 Data Source Date: April 05, 2012
Location
Address: 100 West Dominick Street, Rome, NY 13440 County: Oneida 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): Utica-Rome, NY (#8680) Core Based Statistical Area (CBSA): Utica-Rome, NY (#46540) CBSA Metro Statistical Area: Utica-Rome, NY (#46540)
Financial Summary
Total assets: $319.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
94Total employees (full-time equivalent)
$327,612Total assets
$6,690Cash and due from depository institutions
$974Interest-bearing balances
$14,128Securities
$12,124Federal funds sold & reverse repurchase agreements
$266,857Net loans & leases
$2,490Loan loss allowance
$0Trading account assets
$5,814Bank premises and fixed assets
$0Other real estate owned
$270Goodwill and other intangibles
$9,812Life insurance assets
$21,729All other assets
$327,612Total liabilities and capital
$271,139Total liabilities
$227,061Total deposits
$192,559Interest-bearing deposits
$227,061Deposits held in domestic offices
83.39%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$35,661Other borrowed funds
$0Subordinated debt
$8,417All other liabilities
$56,473Total equity capital
$56,473Total bank equity capital
$56,402Perpetual preferred stock
$0Common stock
$0Surplus
$31,009Undivided profits
Memoranda
$25,393Noncurrent loans and leases
$31,202Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$71Income earned, not collected on loans
$3,038Earning assets
$0Long-term assets (5+ years)
$1,100Average Assets, year-to-date
$294,083Average Assets, quarterly
$0Volatile liabilities
$329,472Insider loans
$329,656FHLB advances
$54,351Loans and leases held for sale
$417Unused loan commitments
$35,661Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$31,202Total unused commitments
$0Restructured Loans and leases
$2,490Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$16,617Total interest income
$3,165Total interest expense
$13,452Net interest income
$1,796Provision for loan and lease losses
$3,216Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,216Additional noninterest income
$10,413Total noninterest expense
$6,343Salaries and employee benefits
$1,930Premises and equipment expense
$2,140Additional noninterest expense
$4,459Pre-tax net operating income
$37Securities gains (losses)
$1,102Applicable income taxes
$3,394Income before extraordinary items
$0Extraordinary gains - net
$3,394Net income attributable to bank
$0Net charge-offs
$3,394Cash dividends
$1,439Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
1.07%Cost of funding earning assets
4.54%Net interest margin
1.08%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
1.02%Net operating income to assets
1.03%Return on assets (ROA)
1.36%Pretax return on assets
6.19%Return on equity (ROE)
6.19%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
124.81%Credit loss provision to net charge-offs
4.35%Efficiency ratio
62,473Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
81.96%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
1.13%Net loans and leases to deposits
117.53%Net loans and leases to core deposits
128.07%Equity capital to assets
17.22%Core capital (leverage) ratio
17.57%Tier 1 risk-based capital ratio
24.36%Total risk-based capital ratio
Memoranda
$25Average assets
$329,472Average earning assets
$54,806Average equity
$296,560Average loans
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