Partners Trust Bank in Utica, New York (NY)



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Partners Trust Bank
GeneralFDIC Certificate #: 16045
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Manufacturers and Traders Trust Company (#588)
Federal Reserve ID: 76117
Date Established: April 26, 1839
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 17934
FDIC's unique #: 10273
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: July 01, 1943
Last Structure Change Effective Date: November 30, 2007
Last Structure Change Process Date: December 13, 2007
Last Data Update: December 13, 2007
Data Source Date: April 05, 2012
LocationAddress: 233 Genesee Street, Utica, NY 13501
County: Oneida
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): Utica-Rome, NY (#8680)
Core Based Statistical Area (CBSA): Utica-Rome, NY (#46540)
CBSA Metro Statistical Area: Utica-Rome, NY (#46540)
Financial SummaryTotal assets: $3,625.5 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)742
Total assets$3,747,877
Cash and due from depository institutions$57,503
Interest-bearing balances$1,610
Securities$956,070
Federal funds sold & reverse repurchase agreements$15,850
Net loans & leases$2,282,574
Loan loss allowance $34,824
Trading account assets$0
Bank premises and fixed assets$23,659
Other real estate owned$31
Goodwill and other intangibles$253,973
All other assets$158,217
Life insurance assets$73,879
Total liabilities and capital$3,747,877
Total liabilities$3,246,880
Total deposits$2,298,901
Interest-bearing deposits$2,037,726
Deposits held in domestic offices$2,298,901
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $27,180
Trading liabilities$0
Other borrowed funds $895,348
Subordinated debt $0
All other liabilities $25,451
Total equity capital$500,997
Total bank equity capital$500,997
Perpetual preferred stock$500,997
Common stock$0
Surplus$0
Undivided profits $423,838
Memoranda
Noncurrent loans and leases $77,159
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $273,602
Income earned, not collected on loans $0
Earning assets $4,048
Long-term assets (5+ years) $0
Average Assets, year-to-date $15,014
Average Assets, quarterly $3,256,104
Volatile liabilities $0
Insider loans $3,792,920
FHLB advances $3,760,846
Loans and leases held for sale $1,706,847
Unused loan commitments $14,016
Tier 1 (core) risk-based capital $894,185
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $273,602
Restructured Loans and leases $31
Derivatives$27,851
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $181,842
Total interest expense $94,742
Net interest income $87,100
Provision for loan and lease losses -$4,951
Total noninterest income $25,372
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $25,372
Total noninterest expense $71,722
Salaries and employee benefits $35,240
Premises and equipment expense $8,157
Additional noninterest expense $28,325
Pre-tax net operating income $45,701
Securities gains (losses) -$1,626
Applicable income taxes $14,098
Income before extraordinary items $29,977
Extraordinary gains - net $0
Net income attributable to bank $29,977
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$3,647
Net operating income $50,006
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.53%
Cost of funding earning assets 2.88%
Net interest margin 2.65%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 2.18%
Net operating income to assets 0.82%
Return on assets (ROA) 0.79%
Pretax return on assets 1.16%
Return on equity (ROE) 5.79%
Retained earnings to average equity (YTD only) -3.87%
Net charge-offs to loans -0.16%
Credit loss provision to net charge-offs 135.76%
Efficiency ratio0.00%
Assets per employee$57,066
Cash dividends to net income (YTD only)5.05%
Condition Ratios (%)
Loss allowance to loans 166.81%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 860.28%
Noncurrent loans to loans 0.11%
Net loans and leases to deposits0.17%
Net loans and leases to core deposits 99.29%
Equity capital to assets 150.71%
Core capital (leverage) ratio 13.37%
Tier 1 risk-based capital ratio 7.31%
Total risk-based capital ratio 11.54%
Memoranda
Average assets$13
Average earning assets$3,792,920
Average equity $518,098
Average loans $3,288,852
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Total Fiduciary and Related Assets (December 31, 2006)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$274,836
Number of Accounts1
Personal trust and agency accounts$262,087
Employee benefit-defined contribution accounts$102,746
Employee benefit-defined benefit accounts$5,430
Other retirement accounts$45,465
Corporate trust and agency accounts$7,578
Investment management agency accounts$0
Other fiduciary accounts$100,868
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts295
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$12,749
Corporate trust and agency accounts$0
Other fiduciary accounts$9,479
Fiduciary accounts held in foreign offices$1,823
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