Jamestown Savings Bank in Lakewood, New York (NY)



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Table of contents:
Jamestown Savings Bank
GeneralFDIC Certificate #: 34088
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northwest Savings Bank (#28178)
Federal Reserve ID: 2362168
Date Established: November 09, 1995
WWW: http://www.jamestownsavingsbank.com
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 10 (Interstate: No)
FDIC's unique #: 56226
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: November 09, 1995
Last Structure Change Effective Date: May 20, 2005
Last Structure Change Process Date: June 06, 2005
Last Data Update: June 06, 2005
Data Source Date: April 05, 2012
LocationAddress: 311 East Fairmount Avenue, Lakewood, NY 14750
County: Chautauqua
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): Jamestown, NY (#3610)
Core Based Statistical Area (CBSA): Jamestown-Dunkirk-Fredonia, NY (#27460)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $421.9 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)96
Total assets$419,150
Cash and due from depository institutions$22,018
Interest-bearing balances$19,549
Securities$137,257
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$247,761
Loan loss allowance $2,382
Trading account assets$0
Bank premises and fixed assets$9,359
Other real estate owned$177
Goodwill and other intangibles$0
All other assets$2,578
Life insurance assets$0
Total liabilities and capital$419,150
Total liabilities$395,701
Total deposits$394,725
Interest-bearing deposits$369,511
Deposits held in domestic offices$394,725
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $290
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $686
Total equity capital$23,449
Total bank equity capital$23,449
Perpetual preferred stock$23,449
Common stock$0
Surplus$3,809
Undivided profits $14,683
Memoranda
Noncurrent loans and leases $4,957
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $49,244
Income earned, not collected on loans $0
Earning assets $835
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,013
Average Assets, quarterly $404,567
Volatile liabilities $235,155
Insider loans $391,049
FHLB advances $413,869
Loans and leases held for sale $40,860
Unused loan commitments $959
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $49,244
Restructured Loans and leases $0
Derivatives$2,382
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $19,245
Total interest expense $8,021
Net interest income $11,224
Provision for loan and lease losses $575
Total noninterest income $1,344
Fiduciary activities $0
Service charges on deposit accounts $873
Trading account gains & fees $0
Additional noninterest income $471
Total noninterest expense $7,404
Salaries and employee benefits $3,954
Premises and equipment expense $1,260
Additional noninterest expense $2,190
Pre-tax net operating income $4,589
Securities gains (losses) $250
Applicable income taxes $1,514
Income before extraordinary items $3,325
Extraordinary gains - net $0
Net income attributable to bank $3,325
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $45
Net operating income $0
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 2.13%
Net interest margin 2.98%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 1.97%
Net operating income to assets 0.81%
Return on assets (ROA) 0.85%
Pretax return on assets 1.24%
Return on equity (ROE) 15.42%
Retained earnings to average equity (YTD only) 15.42%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 1277.78%
Efficiency ratio114.76%
Assets per employee$58,912
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 285.27%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.33%
Net loans and leases to core deposits 62.77%
Equity capital to assets 69.96%
Core capital (leverage) ratio 5.59%
Tier 1 risk-based capital ratio 5.71%
Total risk-based capital ratio 9.29%
Memoranda
Average assets$10
Average earning assets$391,049
Average equity $21,560
Average loans $376,711
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