First State Bank in Canisteo, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2010

  • First State Bank in Canisteo, New York (NY)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 591
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens & Northern Bank (#7799)
    Federal Reserve ID: 284408
    Date Established: April 28, 1897
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 402
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: September 01, 2010
    Last Structure Change Process Date: September 20, 2010
    Last Data Update: September 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 Main Street, Canisteo, NY 14823
    County: Steuben
    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
    Core Based Statistical Area (CBSA): Corning, NY (#18500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $53.4 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, 2009)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $50,839Total assets
  • $950Cash and due from depository institutions
  • $236Interest-bearing balances
  • $15,724Securities
  • $15,441Federal funds sold & reverse repurchase agreements
  • $13,587Net loans & leases
  • $150Loan loss allowance
  • $0Trading account assets
  • $1,395Bank premises and fixed assets
  • $0Other real estate owned
  • $2,837Goodwill and other intangibles
  • $0Life insurance assets
  • $905All other assets
  • $50,839Total liabilities and capital
  • $43,350Total liabilities
  • $42,116Total deposits
  • $32,736Interest-bearing deposits
  • $42,116Deposits held in domestic offices
  • 99.73%% insured (estimated)
  • $688Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $546All other liabilities
  • $7,489Total equity capital
  • $7,489Total bank equity capital
  • $7,489Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $6,443Undivided profits
  • Memoranda
  • $546Noncurrent loans and leases
  • $2,267Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $75Earning assets
  • $60Long-term assets (5+ years)
  • $130Average Assets, year-to-date
  • $44,988Average Assets, quarterly
  • $16,941Volatile liabilities
  • $50,331Insider loans
  • $50,594FHLB advances
  • $7,564Loans and leases held for sale
  • $141Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,267Total unused commitments
  • $0Restructured Loans and leases
  • $150Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,711Total interest income
  • $598Total interest expense
  • $1,113Net interest income
  • -$27Provision for loan and lease losses
  • $373Total noninterest income
  • $66Fiduciary activities
  • $292Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $1,433Total noninterest expense
  • $522Salaries and employee benefits
  • $245Premises and equipment expense
  • $666Additional noninterest expense
  • $80Pre-tax net operating income
  • -$202Securities gains (losses)
  • -$64Applicable income taxes
  • -$58Income before extraordinary items
  • $0Extraordinary gains - net
  • -$58Net income attributable to bank
  • $0Net charge-offs
  • -$58Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.82%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 2.49%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • -0.12%Return on assets (ROA)
  • -0.24%Pretax return on assets
  • -0.78%Return on equity (ROE)
  • -0.78%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 675.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 93,203Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 200.00%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 32.26%Net loans and leases to core deposits
  • 38.56%Equity capital to assets
  • 14.73%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 23.92%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $50,331Average earning assets
  • $7,424Average equity
  • $44,744Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,815Managed Assets
  • 1Number of Accounts
  • $7,815Personal trust and agency accounts
  • $599Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,431Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5,602Other fiduciary accounts
  • $183Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 65Number of Accounts
  • $0Personal trust and agency accounts
  • $1,176Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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