Skaneateles Savings Bank in Skaneateles, New York (NY)



Show street view No street view available for this location
Table of contents:
Skaneateles Savings Bank
GeneralFDIC Certificate #: 16041
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BSB Bank & Trust Company (#15957)
Federal Reserve ID: 566814
Date Established: April 16, 1866
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 9 (Interstate: No)
OTS Docket #: 8303
FDIC's unique #: 10269
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: July 01, 1943
Last Structure Change Effective Date: July 01, 1999
Last Structure Change Process Date: August 04, 1999
Last Data Update: August 04, 1999
Data Source Date: April 05, 2012
LocationAddress: 33 East Genesee Street, Skaneateles, NY 13152
County: Onondaga
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): Syracuse, NY (#8160)
Combined Statistical Area (CSA): Syracuse-Auburn, NY (#532)
Core Based Statistical Area (CBSA): Syracuse, NY (#45060)
CBSA Metro Statistical Area: Syracuse, NY (#45060)
Financial SummaryTotal assets: $272.6 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)122
Total assets$276,246
Cash and due from depository institutions$9,337
Interest-bearing balances$539
Securities$20,375
Federal funds sold & reverse repurchase agreements$24,300
Net loans & leases$212,654
Loan loss allowance $2,862
Trading account assets$0
Bank premises and fixed assets$5,763
Other real estate owned$899
Goodwill and other intangibles$386
All other assets$2,532
Life insurance assets$0
Total liabilities and capital$276,246
Total liabilities$257,278
Total deposits$240,225
Interest-bearing deposits$209,979
Deposits held in domestic offices$240,225
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $15,978
Subordinated debt $0
All other liabilities $1,075
Total equity capital$18,968
Total bank equity capital$18,968
Perpetual preferred stock$18,968
Common stock$0
Surplus$1,027
Undivided profits $9,251
Memoranda
Noncurrent loans and leases $8,690
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $4,046
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,333
Average Assets, quarterly $257,868
Volatile liabilities $101,733
Insider loans $265,692
FHLB advances $273,910
Loans and leases held for sale $26,737
Unused loan commitments $957
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $1,505
Total unused commitments $27,211
Restructured Loans and leases $0
Derivatives$184,385
Back to page top, Back to table top

Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $20,054
Total interest expense $9,518
Net interest income $10,536
Provision for loan and lease losses $675
Total noninterest income $2,338
Fiduciary activities $0
Service charges on deposit accounts $1,726
Trading account gains & fees $0
Additional noninterest income $612
Total noninterest expense $9,675
Salaries and employee benefits $4,062
Premises and equipment expense $1,488
Additional noninterest expense $4,125
Pre-tax net operating income $2,524
Securities gains (losses) $0
Applicable income taxes $875
Income before extraordinary items $1,649
Extraordinary gains - net $0
Net income attributable to bank $1,649
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $373
Net operating income $302
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.07%
Cost of funding earning assets 3.83%
Net interest margin 4.24%
Noninterest income to earning assets 0.94%
Noninterest expense to earning assets 3.89%
Net operating income to assets 0.62%
Return on assets (ROA) 0.62%
Pretax return on assets 0.95%
Return on equity (ROE) 9.03%
Retained earnings to average equity (YTD only) 7.38%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 180.97%
Efficiency ratio8.58%
Assets per employee$74,445
Cash dividends to net income (YTD only)2.26%
Condition Ratios (%)
Loss allowance to loans 18.31%
Loss allowance to noncurrent loans 1.33%
Noncurrent assets plus other real estate owned to assets 70.74%
Noncurrent loans to loans 1.79%
Net loans and leases to deposits1.88%
Net loans and leases to core deposits 88.52%
Equity capital to assets 94.51%
Core capital (leverage) ratio 6.87%
Tier 1 risk-based capital ratio 6.81%
Total risk-based capital ratio 10.09%
Memoranda
Average assets$11
Average earning assets$265,692
Average equity $18,256
Average loans $248,422
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Skaneateles Savings Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.