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


Bank of Cattaraugus - Overview

  • General
  • FDIC Certificate #: 9406
    Status: Active
    Federal Reserve ID: 92902
    Date Established: March 30, 1882
    WWW: http://www.bankofcattaraugus.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6043
    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: All Other Specialization < 1 Billion
    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: 24 Main Street, Cattaraugus, NY 14719
    County: Cattaraugus
    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
    Combined Statistical Area (CSA): Buffalo-Niagara-Cattaraugus, NY (#160)
    Core Based Statistical Area (CBSA): Olean, NY (#36460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $14.0 mil
    Equity capital: $1.4 mil
    Deposits held in domestic offices: $12.7 mil
    Return on assets (ROA): -1.38% (-$0.2 mil)
    Quarterly return on assets: -5.89% (-$0.8 mil)
    Return on Equity (ROE): -18.33% (-$0.2 mil)
    Quarterly return on equity: -71.62% (-$0.7 mil)
    Net income: -$0.2 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.43% (-$200.8 mil)
    Quarterly Pretax return on assets: -6.18% (-$867.9 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
  • 8Total employees (full-time equivalent)
  • $14,043Total assets
  • $1,487Cash and due from depository institutions
  • $796Interest-bearing balances
  • $3,832Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,533Net loans & leases
  • $110Loan loss allowance
  • $0Trading account assets
  • $342Bank premises and fixed assets
  • $131Other real estate owned
  • $0Goodwill and other intangibles
  • $14,043Life insurance assets
  • $718All other assets
  • $12,678Total liabilities and capital
  • $12,668Total liabilities
  • $7,875Total deposits
  • $12,668Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10Subordinated debt
  • $1,365All other liabilities
  • $1,365Total equity capital
  • $1,365Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $200Surplus
  • $1,065Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $129Income earned, not collected on loans
  • $0Earning assets
  • $82Long-term assets (5+ years)
  • $12,161Average Assets, year-to-date
  • $9,853Average Assets, quarterly
  • $15,593Volatile liabilities
  • $15,139Insider loans
  • $8,268FHLB advances
  • $15,248Loans and leases held for sale
  • $326Unused loan commitments
  • $326Tier 1 (core) risk-based capital
  • $1,306Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $478Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $754Total interest income
  • $25Total interest expense
  • $729Net interest income
  • $4Provision for loan and lease losses
  • $99Total noninterest income
  • $0Fiduciary activities
  • $77Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $1,047Total noninterest expense
  • $496Salaries and employee benefits
  • $185Premises and equipment expense
  • $366Additional noninterest expense
  • -$223Pre-tax net operating income
  • $0Securities gains (losses)
  • -$8Applicable income taxes
  • -$215Income before extraordinary items
  • $0Extraordinary gains - net
  • -$215Net income attributable to bank
  • $0Net charge-offs
  • -$215Cash dividends
  • -$6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 0.19%Cost of funding earning assets
  • 5.47%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 7.86%Noninterest expense to earning assets
  • -1.38%Net operating income to assets
  • -1.38%Return on assets (ROA)
  • -1.43%Pretax return on assets
  • -18.33%Return on equity (ROE)
  • -18.33%Retained earnings to average equity (YTD only)
  • -0.08%Net charge-offs to loans
  • -66.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 126,449Assets per employee
  • 1.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 85.27%Noncurrent assets plus other real estate owned to assets
  • 1.85%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 59.46%Net loans and leases to core deposits
  • 59.46%Equity capital to assets
  • 9.72%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 15.80%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $15,593Average earning assets
  • $1,173Average equity
  • $13,318Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06043Bank Of Cattaraugus24 Main Street, Cattaraugus, NY 14719March 30, 1882Full Service Brick and Mortar

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