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



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Beacon Federal
GeneralFDIC Certificate #: 35329
Status: Active
Federal Reserve ID: 498184
Date Established: January 30, 1953
WWW: http://www.beaconfederal.com
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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal 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)
Total employees (full-time equivalent)143
Total assets$1,024,749
Cash and due from depository institutions$43,725
Interest-bearing balances$33,555
Securities$151,871
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$775,688
Loan loss allowance $12,678
Trading account assets$0
Bank premises and fixed assets$12,755
Other real estate owned$1,875
Goodwill and other intangibles$790
All other assets$38,045
Life insurance assets$1,024,749
Total liabilities and capital$919,481
Total liabilities$686,148
Total deposits$641,777
Interest-bearing deposits$686,148
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$228,720
Other borrowed funds $0
Subordinated debt $4,613
All other liabilities $105,268
Total equity capital$105,268
Total bank equity capital$105,268
Perpetual preferred stock$0
Common stock$0
Surplus$49,567
Undivided profits $55,701
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $14,148
Earning assets $0
Long-term assets (5+ years) $3,174
Average Assets, year-to-date $961,114
Average Assets, quarterly $0
Volatile liabilities $1,040,670
Insider loans $1,047,693
FHLB advances $784,164
Loans and leases held for sale $1,028,126
Unused loan commitments $10,994
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $105,049
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $101,635
Derivatives$2,125
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $50,382
Total interest expense $18,797
Net interest income $31,585
Provision for loan and lease losses $9,065
Total noninterest income $9,392
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $9,392
Total noninterest expense $21,660
Salaries and employee benefits $12,011
Premises and equipment expense $3,106
Additional noninterest expense $6,543
Pre-tax net operating income $10,252
Securities gains (losses) -$333
Applicable income taxes $3,409
Income before extraordinary items $6,510
Extraordinary gains - net $0
Net income attributable to bank $6,510
Net charge-offs $0
Cash dividends $6,510
Sale, conversion, retirement of capital stock, net $8,645
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.15%
Cost of funding earning assets 1.92%
Net interest margin 3.23%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 2.21%
Net operating income to assets 0.65%
Return on assets (ROA) 0.63%
Pretax return on assets 0.95%
Return on equity (ROE) 6.39%
Retained earnings to average equity (YTD only) 6.39%
Net charge-offs to loans 1.07%
Credit loss provision to net charge-offs 104.86%
Efficiency ratio2.23%
Assets per employee$52,859
Cash dividends to net income (YTD only)7.17%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.61%
Noncurrent assets plus other real estate owned to assets 89.61%
Noncurrent loans to loans 1.56%
Net loans and leases to deposits1.79%
Net loans and leases to core deposits 113.05%
Equity capital to assets 131.37%
Core capital (leverage) ratio 10.27%
Tier 1 risk-based capital ratio 10.42%
Total risk-based capital ratio 13.40%
Memoranda
Average assets$15
Average earning assets$1,040,670
Average equity $101,803
Average loans $978,793
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1 Massachusetts Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
3290911Chelmsford Branch116 Chelmsford Street, Chelmsford, MA 1824September 01, 1995Full Service Brick and Mortar
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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
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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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