Skaneateles Savings Bank in Skaneateles, New York (NY)

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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
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
Undivided profits $9,251
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
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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
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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%
Average assets$11
Average earning assets$265,692
Average equity $18,256
Average loans $248,422
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