Skaneateles Savings Bank in Skaneateles, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1999

  • Skaneateles Savings Bank in Skaneateles, New York (NY)
  • Show street view No street view available for this location

Skaneateles Savings Bank - Overview

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

Income and Expense (December 31, 1998)

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

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.07%Yield on earning assets
  • 3.83%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 9.03%Return on equity (ROE)
  • 7.38%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 180.97%Credit loss provision to net charge-offs
  • 8.58%Efficiency ratio
  • 74,445Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.31%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 70.74%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 88.52%Net loans and leases to core deposits
  • 94.51%Equity capital to assets
  • 6.87%Core capital (leverage) ratio
  • 6.81%Tier 1 risk-based capital ratio
  • 10.09%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $265,692Average earning assets
  • $18,256Average equity
  • $248,422Average loans

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