Elmira Savings Bank in Elmira, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Elmira Savings Bank in Elmira, New York (NY)
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Elmira Savings Bank - Overview

  • General
  • FDIC Certificate #: 16001
    Status: Active
    Federal Reserve ID: 861304
    Date Established: January 01, 1869
    WWW: http://www.elmirasavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 7788
    FDIC's unique #: 10231
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: March 21, 2012
    Last Structure Change Process Date: March 30, 2012
    Last Data Update: March 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 East Water Street, Elmira, NY 14901
    County: Chemung
    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): Elmira, NY (#2335)
    Core Based Statistical Area (CBSA): Elmira, NY (#21300)
    CBSA Metro Statistical Area: Elmira, NY (#21300)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $523.4 mil
    Equity capital: $64.6 mil
    Deposits held in domestic offices: $382.0 mil
    Return on assets (ROA): 0.99% ($5.2 mil)
    Quarterly return on assets: 0.99% ($5.2 mil)
    Return on Equity (ROE): 8.36% ($5.4 mil)
    Quarterly return on equity: 8.00% ($5.2 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.46% ($7,641.6 mil)
    Quarterly Pretax return on assets: 1.59% ($8,322.0 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
  • 110Total employees (full-time equivalent)
  • $523,397Total assets
  • $47,456Cash and due from depository institutions
  • $16Interest-bearing balances
  • $91,157Securities
  • $740Federal funds sold & reverse repurchase agreements
  • $345,564Net loans & leases
  • $3,299Loan loss allowance
  • $0Trading account assets
  • $5,392Bank premises and fixed assets
  • $202Other real estate owned
  • $14,120Goodwill and other intangibles
  • $523,397Life insurance assets
  • $18,766All other assets
  • $458,782Total liabilities and capital
  • $382,041Total liabilities
  • $328,844Total deposits
  • $382,041Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 28000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,019Trading liabilities
  • $0Other borrowed funds
  • $6,722Subordinated debt
  • $64,615All other liabilities
  • $64,563Total equity capital
  • $64,563Total bank equity capital
  • $23,763Perpetual preferred stock
  • $2,293Common stock
  • $38,402Surplus
  • $105Undivided profits
  • Memoranda
  • $52Noncurrent loans and leases
  • $2,842Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,673Income earned, not collected on loans
  • $0Earning assets
  • $1,615Long-term assets (5+ years)
  • $437,477Average Assets, year-to-date
  • $279,584Average Assets, quarterly
  • $507,118Volatile liabilities
  • $520,772Insider loans
  • $292,149FHLB advances
  • $510,527Loans and leases held for sale
  • $10,100Unused loan commitments
  • $10,100Tier 1 (core) risk-based capital
  • $51,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $41,525Restructured Loans and leases
  • $2,472Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,100Total interest income
  • $6,550Total interest expense
  • $15,550Net interest income
  • $668Provision for loan and lease losses
  • $4,292Total noninterest income
  • $0Fiduciary activities
  • $1,085Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,207Additional noninterest income
  • $12,220Total noninterest expense
  • $6,490Salaries and employee benefits
  • $2,008Premises and equipment expense
  • $3,722Additional noninterest expense
  • $6,954Pre-tax net operating income
  • $448Securities gains (losses)
  • $2,373Applicable income taxes
  • $5,029Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,029Net income attributable to bank
  • $0Net charge-offs
  • $5,029Cash dividends
  • $278Sale, conversion, retirement of capital stock, net
  • $3,128Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 8.36%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 240.29%Credit loss provision to net charge-offs
  • 27.42%Efficiency ratio
  • 60,831Assets per employee
  • 4.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.20%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 89.82%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 90.45%Net loans and leases to core deposits
  • 96.02%Equity capital to assets
  • 12.34%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 17.52%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $507,118Average earning assets
  • $60,149Average equity
  • $438,070Average loans

List of branches

  • 11 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010231Elmira Savings Bank333 East Water Street, Elmira, NY 14901January 01, 1869Full Service Brick and Mortar
    1236496Horseheads Branch1102 Grand Central Avenue, Horseheads, NY 14845November 29, 1969Full Service Brick and Mortar
    2236497South Branch1136 Pennsylvania Avenue, Southport, NY 14904December 12, 1970Full Service Brick and Mortar
    3236498Church Street Branch930 West Church Street, Elmira, NY 14905October 01, 1977Full Service Brick and Mortar
    6236499Arnot Mall BranchRoute 17 And Chambers Road, Big Flats, NY 14814December 10, 1980Full Service Brick and Mortar
    8456201Corning Branch19 East Market Street, Corning, NY 14830September 18, 2006Full Service Brick and Mortar
    94752Moravia Branch142 Main Street, Moravia, NY 13118October 05, 1863Full Service Brick and Mortar
    10286910Ithaca Branch301 East State Street, Ithaca, NY 14850June 30, 1996Full Service Brick and Mortar
    11286912Ithaca Branch702 South Meadow Street, Ithaca, NY 14850August 14, 1998Full Service Brick and Mortar
    12461681North Triphammer Road Branch2300 North Triphammer Road, Ithaca, NY 14850June 30, 2006Full Service Brick and Mortar
    13512430Montour Falls Branch401 West Main Street, Montour Falls, NY 14865September 10, 2009Full Service Brick and Mortar

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