Beacon Federal in East Syracuse, New York (NY), TN, MA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Beacon Federal in East Syracuse, New York (NY), TN, MA
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Beacon Federal - Overview

  • General
  • FDIC Certificate #: 35329
    Status: Active
    Federal Reserve ID: 498184
    Date Established: January 30, 1953
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: Yes)
    OTS Docket #: 15220
    FDIC's unique #: 78235
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1999
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6611 Manlius Center Road, East Syracuse, NY 13057
    County: Onondaga
    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): Syracuse, NY (#8160)
    Combined Statistical Area (CSA): Syracuse-Auburn, NY (#532)
    Core Based Statistical Area (CBSA): Syracuse, NY (#45060)
    CBSA Metro Statistical Area: Syracuse, NY (#45060)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,024.7 mil
    Equity capital: $105.3 mil
    Deposits held in domestic offices: $686.1 mil
    Return on assets (ROA): 0.63% ($6.5 mil)
    Quarterly return on assets: 0.57% ($5.8 mil)
    Return on Equity (ROE): 6.39% ($6.7 mil)
    Quarterly return on equity: 5.73% ($6.0 mil)
    Net income: $6.5 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 0.95% ($9,735.1 mil)
    Quarterly Pretax return on assets: 0.92% ($9,427.7 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
  • 143Total employees (full-time equivalent)
  • $1,024,749Total assets
  • $43,725Cash and due from depository institutions
  • $33,555Interest-bearing balances
  • $151,871Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $775,688Net loans & leases
  • $12,678Loan loss allowance
  • $0Trading account assets
  • $12,755Bank premises and fixed assets
  • $1,875Other real estate owned
  • $790Goodwill and other intangibles
  • $1,024,749Life insurance assets
  • $38,045All other assets
  • $919,481Total liabilities and capital
  • $686,148Total liabilities
  • $641,777Total deposits
  • $686,148Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $228,720Trading liabilities
  • $0Other borrowed funds
  • $4,613Subordinated debt
  • $105,268All other liabilities
  • $105,268Total equity capital
  • $105,268Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $49,567Surplus
  • $55,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,148Income earned, not collected on loans
  • $0Earning assets
  • $3,174Long-term assets (5+ years)
  • $961,114Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,040,670Volatile liabilities
  • $1,047,693Insider loans
  • $784,164FHLB advances
  • $1,028,126Loans and leases held for sale
  • $10,994Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $105,049Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $101,635Restructured Loans and leases
  • $2,125Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,382Total interest income
  • $18,797Total interest expense
  • $31,585Net interest income
  • $9,065Provision for loan and lease losses
  • $9,392Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,392Additional noninterest income
  • $21,660Total noninterest expense
  • $12,011Salaries and employee benefits
  • $3,106Premises and equipment expense
  • $6,543Additional noninterest expense
  • $10,252Pre-tax net operating income
  • -$333Securities gains (losses)
  • $3,409Applicable income taxes
  • $6,510Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,510Net income attributable to bank
  • $0Net charge-offs
  • $6,510Cash dividends
  • $8,645Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 6.39%Return on equity (ROE)
  • 6.39%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 104.86%Credit loss provision to net charge-offs
  • 2.23%Efficiency ratio
  • 52,859Assets per employee
  • 7.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 89.61%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 1.79%Net loans and leases to deposits
  • 113.05%Net loans and leases to core deposits
  • 131.37%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 13.40%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,040,670Average earning assets
  • $101,803Average equity
  • $978,793Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3290911Chelmsford Branch116 Chelmsford Street, Chelmsford, MA 1824September 01, 1995Full Service Brick and Mortar
  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078235Beacon Federal6611 Manlius Center Road, East Syracuse, NY 13057January 30, 1953Full Service Brick and Mortar
    4290912Marcy Branch9085 Old River Rd., Marcy, NY 13403July 01, 1980Full Service Brick and Mortar
    8113349Rome Branch230 S James St., Rome, NY 13440January 01, 1964Full Service Brick and Mortar
    9518139Court Street Road Branch6311 Court Street Rd, East Syracuse, NY 13057July 01, 2009Full Service Brick and Mortar
  • 2 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1290909Morrison Branch5248 Manchester Highway, Morrison, TN 37357January 01, 1985Full Service Brick and Mortar
    5290913Smyrna Branch105 Threet Industrial Rd., Smyrna, TN 37167May 01, 1996Full Service Brick and Mortar

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