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

This bank is inactive as of Febuary 15, 2008

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

  • General
  • FDIC Certificate #: 35185
    Status: Inactive
    Closing history: Change in Supervisory Agency
    Acquiring institution: First Niagara Bank, National Association (#16004)
    Federal Reserve ID: 2854140
    Date Established: November 09, 1999
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 18105
    FDIC's unique #: 75658
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 09, 1999
    Last Structure Change Effective Date: Febuary 15, 2008
    Last Structure Change Process Date: Febuary 27, 2008
    Last Data Update: Febuary 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2421 Main Street, Buffalo, NY 14214
    County: Erie
    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)
  • History of Changes
  • Merger - Without Assistance
    Change in OTS Docket Number
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $818.8 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, 2007)

  • Dollar figures in thousands
  • 207Total employees (full-time equivalent)
  • $818,759Total assets
  • $19,265Cash and due from depository institutions
  • $5,983Interest-bearing balances
  • $196,489Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $545,921Net loans & leases
  • $3,051Loan loss allowance
  • $0Trading account assets
  • $26,403Bank premises and fixed assets
  • $97Other real estate owned
  • $195Goodwill and other intangibles
  • $13,502Life insurance assets
  • $30,389All other assets
  • $818,759Total liabilities and capital
  • $771,482Total liabilities
  • $650,172Total deposits
  • $596,234Interest-bearing deposits
  • $650,172Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $78,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $40,186Other borrowed funds
  • $0Subordinated debt
  • $3,124All other liabilities
  • $47,277Total equity capital
  • $47,277Total bank equity capital
  • $47,277Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $52,201Undivided profits
  • Memoranda
  • $-4,925Noncurrent loans and leases
  • $98,443Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,312Earning assets
  • $0Long-term assets (5+ years)
  • $3,425Average Assets, year-to-date
  • $748,393Average Assets, quarterly
  • $399,790Volatile liabilities
  • $817,383Insider loans
  • $821,612FHLB advances
  • $198,661Loans and leases held for sale
  • $1,649Unused loan commitments
  • $40,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,533Total risk weighted assets
  • $98,443Total unused commitments
  • $0Restructured Loans and leases
  • $3,051Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $44,281Total interest income
  • $29,100Total interest expense
  • $15,181Net interest income
  • $526Provision for loan and lease losses
  • $3,454Total noninterest income
  • $0Fiduciary activities
  • $870Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,584Additional noninterest income
  • $21,743Total noninterest expense
  • $13,385Salaries and employee benefits
  • $2,888Premises and equipment expense
  • $5,470Additional noninterest expense
  • -$3,634Pre-tax net operating income
  • -$131Securities gains (losses)
  • -$1,653Applicable income taxes
  • -$2,112Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,112Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,256Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 3.87%Cost of funding earning assets
  • 2.02%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • -0.25%Net operating income to assets
  • -0.26%Return on assets (ROA)
  • -0.46%Pretax return on assets
  • -4.40%Return on equity (ROE)
  • -4.40%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 41.88%Credit loss provision to net charge-offs
  • -2.47%Efficiency ratio
  • 116,678Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.56%Loss allowance to noncurrent loans
  • 232.55%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 83.97%Net loans and leases to core deposits
  • 103.06%Equity capital to assets
  • 5.77%Core capital (leverage) ratio
  • 5.79%Tier 1 risk-based capital ratio
  • 9.38%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $817,383Average earning assets
  • $48,038Average equity
  • $751,609Average loans

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