Alden State Bank in Alden, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Alden State Bank - Overview

  • General
  • FDIC Certificate #: 9831
    Status: Active
    Federal Reserve ID: 414102
    Date Established: October 05, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6295
    Numeric code: 13
    Regulator: FED
    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
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 13216 Broadway, Alden, NY 14004
    County: Erie
    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): Buffalo-Niagara Falls, NY (#1280)
    Combined Statistical Area (CSA): Buffalo-Niagara-Cattaraugus, NY (#160)
    Core Based Statistical Area (CBSA): Buffalo-Niagara Falls, NY (#15380)
    CBSA Metro Statistical Area: Buffalo-Niagara Falls, NY (#15380)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $230.0 mil
    Equity capital: $30.3 mil
    Deposits held in domestic offices: $196.8 mil
    Return on assets (ROA): 1.03% ($2.4 mil)
    Quarterly return on assets: 0.85% ($2.0 mil)
    Return on Equity (ROE): 7.80% ($2.3 mil)
    Quarterly return on equity: 6.38% ($1.9 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.57% ($3,610.4 mil)
    Quarterly Pretax return on assets: 1.48% ($3,403.5 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
  • 58Total employees (full-time equivalent)
  • $229,963Total assets
  • $4,489Cash and due from depository institutions
  • $1,222Interest-bearing balances
  • $62,660Securities
  • $414Federal funds sold & reverse repurchase agreements
  • $150,562Net loans & leases
  • $1,552Loan loss allowance
  • $0Trading account assets
  • $1,712Bank premises and fixed assets
  • $1,473Other real estate owned
  • $0Goodwill and other intangibles
  • $229,963Life insurance assets
  • $8,653All other assets
  • $199,675Total liabilities and capital
  • $196,817Total liabilities
  • $166,361Total deposits
  • $196,817Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 2600.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $258Subordinated debt
  • $30,288All other liabilities
  • $30,288Total equity capital
  • $30,288Total bank equity capital
  • $0Perpetual preferred stock
  • $263Common stock
  • $1,000Surplus
  • $29,025Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,374Income earned, not collected on loans
  • $0Earning assets
  • $818Long-term assets (5+ years)
  • $214,858Average Assets, year-to-date
  • $66,396Average Assets, quarterly
  • $224,642Volatile liabilities
  • $227,630Insider loans
  • $138,228FHLB advances
  • $231,072Loans and leases held for sale
  • $6,218Unused loan commitments
  • $4,095Tier 1 (core) risk-based capital
  • $30,288Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,123Total unused commitments
  • $11,685Restructured Loans and leases
  • $956Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,936Total interest income
  • $956Total interest expense
  • $8,980Net interest income
  • $670Provision for loan and lease losses
  • $1,216Total noninterest income
  • $0Fiduciary activities
  • $571Service charges on deposit accounts
  • $0Trading account gains & fees
  • $645Additional noninterest income
  • $6,000Total noninterest expense
  • $3,491Salaries and employee benefits
  • $535Premises and equipment expense
  • $1,974Additional noninterest expense
  • $3,526Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,204Applicable income taxes
  • $2,322Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,322Net income attributable to bank
  • $0Net charge-offs
  • $2,322Cash dividends
  • $906Sale, conversion, retirement of capital stock, net
  • $1,260Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 7.80%Return on equity (ROE)
  • 3.57%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 73.95%Credit loss provision to net charge-offs
  • 4.63%Efficiency ratio
  • 58,847Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.26%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 24.35%Noncurrent assets plus other real estate owned to assets
  • 3.41%Noncurrent loans to loans
  • 4.19%Net loans and leases to deposits
  • 76.50%Net loans and leases to core deposits
  • 80.11%Equity capital to assets
  • 13.17%Core capital (leverage) ratio
  • 13.11%Tier 1 risk-based capital ratio
  • 21.91%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $224,642Average earning assets
  • $29,770Average equity
  • $207,997Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06295Alden State Bank13216 Broadway, Alden, NY 14004October 05, 1916Full Service Brick and Mortar
    1221248Lancaster Branch5802 Broadway, Lancaster, NY 14086March 24, 1995Full Service Brick and Mortar

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 Alden State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents