Bank of Avoca in Avoca, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2002

  • Bank of Avoca in Avoca, New York (NY)
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Bank of Avoca - Overview

  • General
  • FDIC Certificate #: 581
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bath National Bank (#6962)
    Federal Reserve ID: 62709
    Date Established: September 23, 1901
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 397
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 2002
    Last Structure Change Process Date: May 14, 2002
    Last Data Update: May 14, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 North Main Street, Avoca, NY 14809
    County: Steuben
    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): Corning, NY (#18500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $18.1 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, 2001)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $17,933Total assets
  • $1,311Cash and due from depository institutions
  • $100Interest-bearing balances
  • $3,741Securities
  • $1,700Federal funds sold & reverse repurchase agreements
  • $10,879Net loans & leases
  • $89Loan loss allowance
  • $0Trading account assets
  • $160Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $142All other assets
  • $17,933Total liabilities and capital
  • $16,517Total liabilities
  • $16,397Total deposits
  • $13,840Interest-bearing deposits
  • $16,397Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $120All other liabilities
  • $1,416Total equity capital
  • $1,416Total bank equity capital
  • $1,416Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $100Undivided profits
  • Memoranda
  • $1,216Noncurrent loans and leases
  • $467Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $68Earning assets
  • $0Long-term assets (5+ years)
  • $44Average Assets, year-to-date
  • $16,420Average Assets, quarterly
  • $8,249Volatile liabilities
  • $17,916Insider loans
  • $18,173FHLB advances
  • $2,481Loans and leases held for sale
  • $346Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $467Total unused commitments
  • $0Restructured Loans and leases
  • $89Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $1,198Total interest income
  • $552Total interest expense
  • $646Net interest income
  • $18Provision for loan and lease losses
  • $108Total noninterest income
  • $0Fiduciary activities
  • $72Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $821Total noninterest expense
  • $386Salaries and employee benefits
  • $113Premises and equipment expense
  • $322Additional noninterest expense
  • -$85Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$85Income before extraordinary items
  • $0Extraordinary gains - net
  • -$85Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $5Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.25%Yield on earning assets
  • 3.34%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 4.97%Noninterest expense to earning assets
  • -0.47%Net operating income to assets
  • -0.47%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -5.64%Return on equity (ROE)
  • -5.98%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • -3.72%Efficiency ratio
  • 108,886Assets per employee
  • 1.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.88%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 130.88%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 66.35%Net loans and leases to core deposits
  • 78.18%Equity capital to assets
  • 7.90%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 15.46%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $17,916Average earning assets
  • $1,506Average equity
  • $16,527Average loans

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