Seneca Falls Savings Bank in Seneca Falls, New York (NY)

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Seneca Falls Savings Bank
GeneralFDIC Certificate #: 16040
Status: Active
Federal Reserve ID: 442011
Date Established: May 21, 1870
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 18024
FDIC's unique #: 10268
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: July 01, 1943
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
LocationAddress: 19 Cayuga Street, Seneca Falls, NY 13148
County: Seneca
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
Combined Statistical Area (CSA): Rochester-Batavia-Seneca Falls, NY (#464)
Core Based Statistical Area (CBSA): Seneca Falls, NY (#42900)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $243.5 mil
Equity capital: $22.7 mil
Deposits held in domestic offices: $190.4 mil
Return on assets (ROA): 0.59% ($1.4 mil)
Quarterly return on assets: 0.67% ($1.6 mil)
Return on Equity (ROE): 7.10% ($1.6 mil)
Quarterly return on equity: 7.02% ($1.6 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.91% ($2,215.7 mil)
Quarterly Pretax return on assets: 1.02% ($2,483.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)79
Total assets$243,485
Cash and due from depository institutions$6,024
Interest-bearing balances$3,220
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$188,166
Loan loss allowance $1,286
Trading account assets$1,215
Bank premises and fixed assets$11,596
Other real estate owned$145
Goodwill and other intangibles$337
All other assets$8,771
Life insurance assets$243,485
Total liabilities and capital$220,736
Total liabilities$190,443
Total deposits$174,274
Interest-bearing deposits$190,443
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$29,692
Other borrowed funds $0
Subordinated debt $601
All other liabilities $22,749
Total equity capital$22,749
Total bank equity capital$22,749
Perpetual preferred stock$0
Common stock$1
Undivided profits $13,608
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,101
Earning assets $0
Long-term assets (5+ years) $851
Average Assets, year-to-date $219,832
Average Assets, quarterly $0
Volatile liabilities $241,964
Insider loans $243,909
FHLB advances $157,548
Loans and leases held for sale $245,741
Unused loan commitments $3,815
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,543
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,047
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,388
Total interest expense $2,998
Net interest income $8,390
Provision for loan and lease losses $611
Total noninterest income $2,251
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $10
Additional noninterest income $2,241
Total noninterest expense $7,832
Salaries and employee benefits $3,824
Premises and equipment expense $1,725
Additional noninterest expense $2,283
Pre-tax net operating income $2,198
Securities gains (losses) $0
Applicable income taxes $775
Income before extraordinary items $1,423
Extraordinary gains - net $0
Net income attributable to bank $1,423
Net charge-offs $0
Cash dividends $1,423
Sale, conversion, retirement of capital stock, net $279
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.28%
Cost of funding earning assets 1.39%
Net interest margin 3.89%
Noninterest income to earning assets 1.04%
Noninterest expense to earning assets 3.63%
Net operating income to assets 0.59%
Return on assets (ROA) 0.59%
Pretax return on assets 0.91%
Return on equity (ROE) 7.10%
Retained earnings to average equity (YTD only) 7.10%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 219.00%
Efficiency ratio10.07%
Assets per employee$73,555
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.68%
Noncurrent assets plus other real estate owned to assets 116.80%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.58%
Net loans and leases to core deposits 98.80%
Equity capital to assets 102.23%
Core capital (leverage) ratio 9.34%
Tier 1 risk-based capital ratio 10.18%
Total risk-based capital ratio 14.94%
Average assets$16
Average earning assets$241,964
Average equity $20,053
Average loans $215,849
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8 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010268Seneca Falls Savings Bank19 Cayuga Street, Seneca Falls, NY 13148May 21, 1870Full Service Brick and Mortar
1359135Auburn Branch297 Grant Avenue, Auburn, NY 13021March 10, 2000Full Service Brick and Mortar
2430596Waterloo Branch59 Washington Street, Waterloo, NY 13165July 14, 2002Full Service Brick and Mortar
3430597Geneva Branch342 Hamilton Street, Geneva, NY 14456January 20, 2004Full Service Brick and Mortar
4491825Osborne Branch10 Osborne Street, Auburn, NY 13021January 31, 2008Full Service Brick and Mortar
5495125Union Springs Branch152 Cayuga Street, Union Springs, NY 13160May 15, 2009Full Service Brick and Mortar
6512618Phelps Branch89 Main Street, Phelps, NY 14532September 15, 2009Full Service Brick and Mortar
7522027Bank Of Waterloo Branch1865 North Road, Waterloo, NY 13165July 01, 2010Full Service Brick and Mortar
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