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

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