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


Solvay Bank - Overview

  • General
  • FDIC Certificate #: 13297
    Status: Active
    Federal Reserve ID: 722816
    Bank Holding Company (Regulatory Top Holder): Solvay Bank Corp. (RSSDID: 1143342, Location: Solvay, NY)
    Date Established: March 17, 1917
    WWW: http://www.solvaybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11750
    FDIC's unique #: 8406
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1537 Milton Avenue, Solvay, NY 13209
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $620.4 mil
    Equity capital: $58.9 mil
    Deposits held in domestic offices: $557.7 mil
    Return on assets (ROA): 0.99% ($6.1 mil)
    Quarterly return on assets: 0.86% ($5.3 mil)
    Return on Equity (ROE): 10.61% ($6.3 mil)
    Quarterly return on equity: 9.05% ($5.3 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.37% ($8,500.1 mil)
    Quarterly Pretax return on assets: 1.17% ($7,259.2 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
  • 152Total employees (full-time equivalent)
  • $620,443Total assets
  • $25,475Cash and due from depository institutions
  • $13,181Interest-bearing balances
  • $215,369Securities
  • $130Federal funds sold & reverse repurchase agreements
  • $365,697Net loans & leases
  • $6,320Loan loss allowance
  • $0Trading account assets
  • $5,406Bank premises and fixed assets
  • $466Other real estate owned
  • $35Goodwill and other intangibles
  • $620,443Life insurance assets
  • $7,865All other assets
  • $561,531Total liabilities and capital
  • $557,673Total liabilities
  • $452,727Total deposits
  • $557,673Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,858Subordinated debt
  • $58,912All other liabilities
  • $58,912Total equity capital
  • $58,912Total bank equity capital
  • $0Perpetual preferred stock
  • $17,061Common stock
  • $4,041Surplus
  • $37,810Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,127Income earned, not collected on loans
  • $0Earning assets
  • $2,506Long-term assets (5+ years)
  • $594,377Average Assets, year-to-date
  • $288,482Average Assets, quarterly
  • $604,850Volatile liabilities
  • $619,254Insider loans
  • $311,125FHLB advances
  • $612,549Loans and leases held for sale
  • $71Unused loan commitments
  • $71Tier 1 (core) risk-based capital
  • $57,630Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $64,262Restructured Loans and leases
  • $3,153Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,146Total interest income
  • $4,777Total interest expense
  • $20,369Net interest income
  • $1,600Provision for loan and lease losses
  • $4,327Total noninterest income
  • $722Fiduciary activities
  • $1,116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,489Additional noninterest income
  • $15,179Total noninterest expense
  • $8,772Salaries and employee benefits
  • $2,310Premises and equipment expense
  • $4,097Additional noninterest expense
  • $7,917Pre-tax net operating income
  • $345Securities gains (losses)
  • $2,262Applicable income taxes
  • $6,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,000Net income attributable to bank
  • $0Net charge-offs
  • $6,000Cash dividends
  • $1,562Sale, conversion, retirement of capital stock, net
  • $2,132Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 10.61%Return on equity (ROE)
  • 6.84%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 102.43%Credit loss provision to net charge-offs
  • 6.09%Efficiency ratio
  • 61,395Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.53%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 103.15%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 65.58%Net loans and leases to core deposits
  • 70.64%Equity capital to assets
  • 9.50%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 18.52%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $604,850Average earning assets
  • $56,539Average equity
  • $578,757Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $98,687Managed Assets
  • 1Number of Accounts
  • $94,478Personal trust and agency accounts
  • $11,506Employee benefit-defined contribution accounts
  • $2,697Employee benefit-defined benefit accounts
  • $14,196Other retirement accounts
  • $23,167Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $42,912Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 322Number of Accounts
  • $0Personal trust and agency accounts
  • $22,896Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,209Other retirement accounts
  • $4,167Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $42Fiduciary accounts held in foreign offices

List of branches

  • 8 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08406Solvay Bank1537 Milton Avenue, Solvay, NY 13209March 17, 1917Full Service Brick and Mortar
    1229432Westvale Branch527 Charles Avenue, Solvay, NY 13209August 24, 1981Full Service Brick and Mortar
    2229433Camillus Branch56 Genesee Street, Camillus, NY 13031March 10, 1986Full Service Brick and Mortar
    3229434Syracuse Branch109 South Warren Street, Syracuse, NY 13202November 05, 1990Full Service Brick and Mortar
    5229436Fairmount Branch4131 West Genesee St, Syracuse, NY 13219March 24, 1997Full Service Brick and Mortar
    6357277North Syracuse Branch628 South Main Street, North Syracuse, NY 13212March 25, 2000Full Service Brick and Mortar
    8443175Liverpool Branch7421 Oswego Road, Liverpool, NY 13090June 20, 2005Full Service Brick and Mortar
    9510933Cicero Branch7895 Brewerton Road, Cicero, NY 13039April 19, 2010Full Service Brick and Mortar

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