First Niagara Commercial Bank in Lockport, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 09, 2010

  • First Niagara Commercial Bank in Lockport, New York (NY)
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First Niagara Commercial Bank - Overview

  • General
  • FDIC Certificate #: 35591
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Niagara Bank, National Association (#16004)
    Federal Reserve ID: 2905163
    Date Established: August 03, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 291917
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 03, 2000
    Last Structure Change Effective Date: April 09, 2010
    Last Structure Change Process Date: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 East Avenue, Lockport, NY 14095
    County: Niagara
    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): Buffalo-Niagara Falls, NY (#1280)
    Combined Statistical Area (CSA): Buffalo-Niagara-Cattaraugus, NY (#160)
    Core Based Statistical Area (CBSA): Buffalo-Niagara Falls, NY (#15380)
    CBSA Metro Statistical Area: Buffalo-Niagara Falls, NY (#15380)
  • Financial Summary
  • Total assets: $1,257.3 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, 2009)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $1,030,969Total assets
  • $734Cash and due from depository institutions
  • $0Interest-bearing balances
  • $94,727Securities
  • $907,472Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $22,963Goodwill and other intangibles
  • $0Life insurance assets
  • $5,073All other assets
  • $1,030,969Total liabilities and capital
  • $950,372Total liabilities
  • $932,041Total deposits
  • $898,166Interest-bearing deposits
  • $932,041Deposits held in domestic offices
  • 14.10%% insured (estimated)
  • $15,423Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,908All other liabilities
  • $80,597Total equity capital
  • $80,597Total bank equity capital
  • $80,597Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $66,434Undivided profits
  • Memoranda
  • $11,163Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $806Average Assets, year-to-date
  • $1,002,199Average Assets, quarterly
  • $63Volatile liabilities
  • $912,304Insider loans
  • $1,045,865FHLB advances
  • $30,128Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $15,070Total interest income
  • $6,072Total interest expense
  • $8,998Net interest income
  • $0Provision for loan and lease losses
  • $48Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,933Total noninterest expense
  • $640Salaries and employee benefits
  • $29Premises and equipment expense
  • $3,264Additional noninterest expense
  • $5,113Pre-tax net operating income
  • $0Securities gains (losses)
  • $846Applicable income taxes
  • $4,267Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,267Net income attributable to bank
  • $0Net charge-offs
  • $4,267Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.71%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 1.02%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 5.77%Return on equity (ROE)
  • 5.77%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,289Assets per employee
  • 114.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 5.25%Tier 1 risk-based capital ratio
  • 27.63%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $912,304Average earning assets
  • $73,948Average equity
  • $882,546Average loans

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