Watertown Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Watertown Savings Bank in Watertown, New York (NY)
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Watertown Savings Bank routing number info

Watertown Savings Bank - Overview

General
FDIC Certificate #: 15990
Status: Active
Federal Reserve ID: 298218
Date Established: January 01, 1894
WWW: http://www.watertownsavingsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: No)
FDIC's unique #: 10221
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 01, 1943
Last Structure Change Effective Date: July 31, 2010
Last Structure Change Process Date: September 29, 2010
Last Data Update: September 29, 2010
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: $453.9 mil
Equity capital: $61.0 mil
Deposits held in domestic offices: $389.7 mil
Return on assets (ROA): 0.87% ($3.9 mil)
Quarterly return on assets: 0.70% ($3.2 mil)
Return on Equity (ROE): 6.59% ($4.0 mil)
Quarterly return on equity: 5.25% ($3.2 mil)
Net income: $3.9 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.26% ($5,719.2 mil)
Quarterly Pretax return on assets: 1.04% ($4,720.6 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
106Total employees (full-time equivalent)
$453,902Total assets
$42,240Cash and due from depository institutions
$30,429Interest-bearing balances
$103,545Securities
$0Federal funds sold & reverse repurchase agreements
$254,250Net loans & leases
$2,580Loan loss allowance
$0Trading account assets
$17,505Bank premises and fixed assets
$470Other real estate owned
$13,302Goodwill and other intangibles
$453,902Life insurance assets
$22,590All other assets
$392,875Total liabilities and capital
$389,675Total liabilities
$284,231Total deposits
$389,675Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,200Subordinated debt
$61,027All other liabilities
$61,027Total equity capital
$61,027Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$8,504Surplus
$52,523Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11,392Income earned, not collected on loans
$186Earning assets
$1,408Long-term assets (5+ years)
$388,224Average Assets, year-to-date
$137,780Average Assets, quarterly
$445,047Volatile liabilities
$453,309Insider loans
$372,961FHLB advances
$434,426Loans and leases held for sale
$12,351Unused loan commitments
$10,976Tier 1 (core) risk-based capital
$47,686Tier 2 risk-based capital
$0Total risk weighted assets
$1,375Total unused commitments
$48,988Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$16,493Total interest income
$2,098Total interest expense
$14,395Net interest income
$735Provision for loan and lease losses
$4,172Total noninterest income
$0Fiduciary activities
$1,612Service charges on deposit accounts
$0Trading account gains & fees
$2,560Additional noninterest income
$12,074Total noninterest expense
$6,517Salaries and employee benefits
$1,216Premises and equipment expense
$4,341Additional noninterest expense
$5,758Pre-tax net operating income
-$132Securities gains (losses)
$1,755Applicable income taxes
$3,871Income before extraordinary items
$0Extraordinary gains - net
$3,871Net income attributable to bank
$0Net charge-offs
$3,871Cash dividends
$137Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.34%Yield on earning assets
0.55%Cost of funding earning assets
3.79%Net interest margin
1.10%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.89%Net operating income to assets
0.87%Return on assets (ROA)
1.26%Pretax return on assets
6.59%Return on equity (ROE)
6.59%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
536.50%Credit loss provision to net charge-offs
47.39%Efficiency ratio
64,087Assets per employee
4.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
22.65%Noncurrent assets plus other real estate owned to assets
2.61%Noncurrent loans to loans
4.44%Net loans and leases to deposits
65.25%Net loans and leases to core deposits
67.50%Equity capital to assets
13.44%Core capital (leverage) ratio
10.98%Tier 1 risk-based capital ratio
12.79%Total risk-based capital ratio
Memoranda
$13Average assets
$445,047Average earning assets
$58,720Average equity
$379,882Average loans

List of branches

10 New York Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10221	Watertown Savings Bank	111 Clinton Street, Watertown, NY 13601	January 01, 1894	Full Service Brick and Mortar
1	236404	State Street Branch	1816 State Street, Watertown, NY 13601	November 04, 1963	Full Service Brick and Mortar
2	236405	Adams Branch	10729 Us Route 11, Adams, NY 13605	November 07, 1966	Full Service Brick and Mortar
3	236406	Watertown Branch	101 Commerce Park Dr, Watertown, NY 13601	December 04, 1989	Full Service Brick and Mortar
5	236408	Clinton Street Branch	140 Clinton Street, Watertown, NY 13601	September 04, 1996	Limited Service Facility
6	236409	Sackets Harbor Branch	100 West Main Street, Sackets Harbor, NY 13685	December 14, 1998	Full Service Brick and Mortar
7	467790	Chaumont Branch	12221 Nys Route 12e, Chaumont, NY 13622	August 01, 2007	Full Service Brick and Mortar
9	214929	Alexandria Bay Branch	4 Market Street, Alexandria Bay, NY 13607	April 06, 1998	Full Service Brick and Mortar
10	453561	Clayton James St Branch	352 James Street, Clayton, NY 13624	September 19, 2005	Full Service Brick and Mortar
11	480762	Wsb Municipal Bank Branch	111 Clinton Street, Watertown, NY 13601	June 30, 2008	Limited Service Administrative

Watertown Savings Bank in Watertown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Watertown Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Watertown Savings Bank in Watertown, New York (NY)Overview, Financial Summary, Detailed Financial Reports, Branches

Watertown Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Watertown Savings Bank in Watertown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches