FDIC Certificate #: 7274 Status: Active Federal Reserve ID: 858818 Date Established: April 24, 1913 WWW:http://www.watertownsavingsbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 4780 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Directly owned by another bank (CERT):#7274 Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 01, 2011 Last Structure Change Process Date: September 08, 2011 Last Data Update: September 08, 2011 Data Source Date: April 05, 2012
Location
Address: 111 Clinton Street, Watertown, NY 13601 County: Jefferson 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): Watertown-Fort Drum, NY (#48060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $36.7 mil Equity capital: $4.2 mil Deposits held in domestic offices: $29.1 mil Return on assets (ROA): 1.49% ($0.6 mil) Quarterly return on assets: 0.68% ($0.3 mil) Return on Equity (ROE): 12.73% ($0.5 mil) Quarterly return on equity: 5.71% ($0.2 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.16% ($793.1 mil) Quarterly Pretax return on assets: 0.92% ($337.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
0Total employees (full-time equivalent)
$36,716Total assets
$9,266Cash and due from depository institutions
$6,488Interest-bearing balances
$27,282Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$36,716Life insurance assets
$168All other assets
$32,472Total liabilities and capital
$29,075Total liabilities
$25,928Total deposits
$29,075Interest-bearing deposits
$35Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,397Subordinated debt
$4,244All other liabilities
$4,244Total equity capital
$4,244Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$4,244Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$134Long-term assets (5+ years)
$33,770Average Assets, year-to-date
$10,224Average Assets, quarterly
$33,388Volatile liabilities
$35,165Insider loans
$7,969FHLB advances
$34,341Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,148Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$501Total interest income
$134Total interest expense
$367Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$74Total noninterest expense
$0Salaries and employee benefits
$2Premises and equipment expense
$72Additional noninterest expense
$293Pre-tax net operating income
$427Securities gains (losses)
$223Applicable income taxes
$497Income before extraordinary items
$0Extraordinary gains - net
$497Net income attributable to bank
$0Net charge-offs
$497Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.65%Yield on earning assets
0.44%Cost of funding earning assets
1.21%Net interest margin
0.00%Noninterest income to earning assets
0.24%Noninterest expense to earning assets
0.61%Net operating income to assets
1.49%Return on assets (ROA)
2.16%Pretax return on assets
12.73%Return on equity (ROE)
12.73%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
20,163Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
11.56%Core capital (leverage) ratio
12.08%Tier 1 risk-based capital ratio
52.05%Total risk-based capital ratio
Memoranda
$52Average assets
$33,388Average earning assets
$3,905Average equity
$30,345Average loans
List of branches
1 New York Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
4780
Wsb Municipal Bank
111 Clinton Street, Watertown, NY 13601
April 24, 1913
Full Service Brick and Mortar
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