Patriot Federal Bank in Canajoharie, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Patriot Federal Bank in Canajoharie, New York (NY)
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Patriot Federal Bank - Overview

  • General
  • FDIC Certificate #: 58077
    Status: Active
    Federal Reserve ID: 3393842
    Date Established: December 02, 2005
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 17992
    FDIC's unique #: 438898
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 02, 2005
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Erie Boulevard, Canajoharie, NY 13317
    County: Montgomery
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Albany-Schenectady-Troy, NY (#160)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Amsterdam, NY (#11220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $97.3 mil
    Equity capital: $9.1 mil
    Deposits held in domestic offices: $82.5 mil
    Return on assets (ROA): 0.85% ($0.8 mil)
    Quarterly return on assets: 0.91% ($0.9 mil)
    Return on Equity (ROE): 9.17% ($0.8 mil)
    Quarterly return on equity: 9.62% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.19% ($1,158.3 mil)
    Quarterly Pretax return on assets: 0.98% ($953.9 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, 2011)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $97,333Total assets
  • $1,407Cash and due from depository institutions
  • $75Interest-bearing balances
  • $30,996Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $60,612Net loans & leases
  • $885Loan loss allowance
  • $0Trading account assets
  • $1,704Bank premises and fixed assets
  • $471Other real estate owned
  • $193Goodwill and other intangibles
  • $97,333Life insurance assets
  • $1,950All other assets
  • $88,283Total liabilities and capital
  • $82,482Total liabilities
  • $77,218Total deposits
  • $82,482Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,631Trading liabilities
  • $0Other borrowed funds
  • $1,170Subordinated debt
  • $9,050All other liabilities
  • $9,050Total equity capital
  • $9,050Total bank equity capital
  • $0Perpetual preferred stock
  • $958Common stock
  • $8,853Surplus
  • $-761Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,064Income earned, not collected on loans
  • $0Earning assets
  • $423Long-term assets (5+ years)
  • $91,683Average Assets, year-to-date
  • $68,417Average Assets, quarterly
  • $92,312Volatile liabilities
  • $95,876Insider loans
  • $53,787FHLB advances
  • $97,733Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,626Restructured Loans and leases
  • $608Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,495Total interest income
  • $1,060Total interest expense
  • $3,435Net interest income
  • $220Provision for loan and lease losses
  • $205Total noninterest income
  • $0Fiduciary activities
  • $185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $2,486Total noninterest expense
  • $1,386Salaries and employee benefits
  • $238Premises and equipment expense
  • $862Additional noninterest expense
  • $934Pre-tax net operating income
  • $163Securities gains (losses)
  • $314Applicable income taxes
  • $783Income before extraordinary items
  • $0Extraordinary gains - net
  • $783Net income attributable to bank
  • $0Net charge-offs
  • $783Cash dividends
  • $288Sale, conversion, retirement of capital stock, net
  • $215Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 9.17%Return on equity (ROE)
  • 6.65%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 76.39%Credit loss provision to net charge-offs
  • 4.01%Efficiency ratio
  • 67,967Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.46%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 83.18%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 73.49%Net loans and leases to core deposits
  • 82.05%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 15.65%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $92,312Average earning assets
  • $8,536Average equity
  • $86,829Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0438898Patriot Federal Bank211 Erie Boulevard, Canajoharie, NY 13317December 02, 2005Full Service Brick and Mortar
    2495251210 Comrie Avenue Branch210 Comrie Ave., Johnstown, NY 12095April 09, 2007Full Service Brick and Mortar

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