Citizens Savings Bank FSB in Ithaca, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1994

  • Citizens Savings Bank FSB in Ithaca, New York (NY)
  • Show street view No street view available for this location

Citizens Savings Bank FSB - Overview

  • General
  • FDIC Certificate #: 31753
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Manufacturers and Traders Trust Company (#588)
    Federal Reserve ID: 431501
    Date Established: December 30, 1980
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7424
    FDIC's unique #: 44587
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 30, 1980
    Last Structure Change Effective Date: December 01, 1994
    Last Structure Change Process Date: Febuary 02, 1995
    Last Data Update: January 27, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 118 North Tioga Street, Ithaca, NY 14850
    County: Tompkins
    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): Ithaca-Cortland, NY (#296)
    Core Based Statistical Area (CBSA): Ithaca, NY (#27060)
    CBSA Metro Statistical Area: Ithaca, NY (#27060)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $467.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $194Total assets
  • $456,222Cash and due from depository institutions
  • $6,731Interest-bearing balances
  • $4,107Securities
  • $74,007Federal funds sold & reverse repurchase agreements
  • $4,400Net loans & leases
  • $344,736Loan loss allowance
  • $3,588Trading account assets
  • $0Bank premises and fixed assets
  • $3,201Other real estate owned
  • $2,965Goodwill and other intangibles
  • $18,875Life insurance assets
  • $1,307All other assets
  • $0Total liabilities and capital
  • $456,222Total liabilities
  • $432,076Total deposits
  • $340,293Interest-bearing deposits
  • $340,293Deposits held in domestic offices
  • 340293.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $77,812Subordinated debt
  • $0All other liabilities
  • $13,971Total equity capital
  • $13,971Total bank equity capital
  • $24,146Perpetual preferred stock
  • $0Common stock
  • $2,309Surplus
  • $18,029Undivided profits
  • Memoranda
  • $3,808Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,548Income earned, not collected on loans
  • $3,118Earning assets
  • $427,250Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $459,031Average Assets, quarterly
  • $456,488Volatile liabilities
  • $112,815Insider loans
  • $3,239FHLB advances
  • $77,812Loans and leases held for sale
  • $0Unused loan commitments
  • $32,947Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,566Total risk weighted assets
  • $257,265Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,786Total interest expense
  • $15,973Net interest income
  • $13,813Provision for loan and lease losses
  • $275Total noninterest income
  • $917Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $917Total noninterest expense
  • $15,563Salaries and employee benefits
  • $6,088Premises and equipment expense
  • $2,873Additional noninterest expense
  • $6,602Pre-tax net operating income
  • -$1,108Securities gains (losses)
  • $2,773Applicable income taxes
  • -$77Income before extraordinary items
  • $1,742Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,742Net charge-offs
  • $2,903Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.06%Cost of funding earning assets
  • 3.78%Net interest margin
  • 3.27%Noninterest income to earning assets
  • 0.22%Noninterest expense to earning assets
  • 3.69%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 0.36%Return on equity (ROE)
  • 7.63%Retained earnings to average equity (YTD only)
  • 7.63%Net charge-offs to loans
  • 0.78%Credit loss provision to net charge-offs
  • 9.47%Efficiency ratio
  • 105,655Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 64.67%Noncurrent assets plus other real estate owned to assets
  • 1.87%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 101.31%Net loans and leases to core deposits
  • 112.92%Equity capital to assets
  • 5.29%Core capital (leverage) ratio
  • 5.27%Tier 1 risk-based capital ratio
  • 9.16%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $459,031Average earning assets
  • $22,843Average equity
  • $422,038Average loans

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