Ontario National Bank in Clifton Springs, New York (NY)



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Ontario National Bank
GeneralFDIC Certificate #: 7005
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Bank, National Association (#6989)
Federal Reserve ID: 174406
Date Established: January 01, 1907
WWW: http://www.onb-link.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 12337
FDIC's unique #: 4688
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 01, 2006
Last Structure Change Process Date: December 08, 2006
Last Data Update: December 08, 2006
Data Source Date: April 05, 2012
LocationAddress: 26 East Main Street, Clifton Springs, NY 14432
County: Ontario
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): Rochester, NY (#6840)
Combined Statistical Area (CSA): Rochester-Batavia-Seneca Falls, NY (#464)
Core Based Statistical Area (CBSA): Rochester, NY (#40380)
CBSA Metro Statistical Area: Rochester, NY (#40380)
Financial SummaryTotal assets: $93.2 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)42
Total assets$93,733
Cash and due from depository institutions$5,678
Interest-bearing balances$0
Securities$15,660
Federal funds sold & reverse repurchase agreements$3,038
Net loans & leases$66,662
Loan loss allowance $676
Trading account assets$0
Bank premises and fixed assets$1,046
Other real estate owned$0
Goodwill and other intangibles$63
All other assets$1,586
Life insurance assets$0
Total liabilities and capital$93,733
Total liabilities$84,627
Total deposits$78,340
Interest-bearing deposits$64,847
Deposits held in domestic offices$78,340
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $6,000
Subordinated debt $0
All other liabilities $287
Total equity capital$9,106
Total bank equity capital$9,106
Perpetual preferred stock$9,106
Common stock$0
Surplus$375
Undivided profits $128
Memoranda
Noncurrent loans and leases $8,603
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $10,337
Income earned, not collected on loans $0
Earning assets $709
Long-term assets (5+ years) $0
Average Assets, year-to-date $366
Average Assets, quarterly $85,360
Volatile liabilities $37,658
Insider loans $97,482
FHLB advances $95,827
Loans and leases held for sale $9,338
Unused loan commitments $1,487
Tier 1 (core) risk-based capital $6,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $10,337
Restructured Loans and leases $0
Derivatives$825
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $5,521
Total interest expense $1,467
Net interest income $4,054
Provision for loan and lease losses $144
Total noninterest income $844
Fiduciary activities $0
Service charges on deposit accounts $386
Trading account gains & fees $0
Additional noninterest income $458
Total noninterest expense $3,596
Salaries and employee benefits $1,700
Premises and equipment expense $818
Additional noninterest expense $1,078
Pre-tax net operating income $1,158
Securities gains (losses) $6
Applicable income taxes $397
Income before extraordinary items $767
Extraordinary gains - net $0
Net income attributable to bank $767
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $145
Net operating income $274
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.07%
Cost of funding earning assets 1.61%
Net interest margin 4.46%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 3.95%
Net operating income to assets 0.78%
Return on assets (ROA) 0.79%
Pretax return on assets 1.19%
Return on equity (ROE) 8.75%
Retained earnings to average equity (YTD only) 5.62%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 99.31%
Efficiency ratio8.98%
Assets per employee$73,418
Cash dividends to net income (YTD only)2.23%
Condition Ratios (%)
Loss allowance to loans 35.72%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 95.35%
Noncurrent loans to loans 0.76%
Net loans and leases to deposits1.05%
Net loans and leases to core deposits 85.09%
Equity capital to assets 92.58%
Core capital (leverage) ratio 9.71%
Tier 1 risk-based capital ratio 9.50%
Total risk-based capital ratio 13.75%
Memoranda
Average assets$15
Average earning assets$97,482
Average equity $8,770
Average loans $90,962
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