Steuben Trust Company in Hornell, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Steuben Trust Company - Overview

  • General
  • FDIC Certificate #: 12936
    Status: Active
    Federal Reserve ID: 929802
    Bank Holding Company (Regulatory Top Holder): Steuben Trust Corporation (RSSDID: 1486665, Location: Hornell, NY)
    Date Established: August 30, 1902
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 11757
    FDIC's unique #: 8184
    Numeric code: 21
    Regulator: FDIC
    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: Febuary 20, 2009
    Last Structure Change Process Date: March 09, 2009
    Last Data Update: March 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: One Steuben Square, Hornell, NY 14843
    County: Steuben
    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
    Core Based Statistical Area (CBSA): Corning, NY (#18500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $390.7 mil
    Equity capital: $40.7 mil
    Deposits held in domestic offices: $314.4 mil
    Return on assets (ROA): 1.15% ($4.5 mil)
    Quarterly return on assets: 1.22% ($4.8 mil)
    Return on Equity (ROE): 11.36% ($4.7 mil)
    Quarterly return on equity: 11.65% ($4.8 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.59% ($6,212.0 mil)
    Quarterly Pretax return on assets: 1.62% ($6,329.2 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
  • 118Total employees (full-time equivalent)
  • $390,694Total assets
  • $17,120Cash and due from depository institutions
  • $404Interest-bearing balances
  • $133,659Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $218,782Net loans & leases
  • $2,815Loan loss allowance
  • $0Trading account assets
  • $6,561Bank premises and fixed assets
  • $1,109Other real estate owned
  • $164Goodwill and other intangibles
  • $390,693Life insurance assets
  • $13,299All other assets
  • $349,719Total liabilities and capital
  • $314,441Total liabilities
  • $242,071Total deposits
  • $314,441Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,250Trading liabilities
  • $0Other borrowed funds
  • $6,028Subordinated debt
  • $40,974All other liabilities
  • $40,660Total equity capital
  • $40,660Total bank equity capital
  • $0Perpetual preferred stock
  • $1,600Common stock
  • $11,752Surplus
  • $27,308Undivided profits
  • Memoranda
  • $314Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,275Income earned, not collected on loans
  • $0Earning assets
  • $1,498Long-term assets (5+ years)
  • $352,845Average Assets, year-to-date
  • $182,584Average Assets, quarterly
  • $373,983Volatile liabilities
  • $387,192Insider loans
  • $231,641FHLB advances
  • $381,368Loans and leases held for sale
  • $8,265Unused loan commitments
  • $6,840Tier 1 (core) risk-based capital
  • $38,699Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,425Total unused commitments
  • $36,394Restructured Loans and leases
  • $2,290Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,039Total interest income
  • $1,702Total interest expense
  • $14,337Net interest income
  • $583Provision for loan and lease losses
  • $4,270Total noninterest income
  • $854Fiduciary activities
  • $1,795Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,621Additional noninterest income
  • $12,382Total noninterest expense
  • $7,585Salaries and employee benefits
  • $1,747Premises and equipment expense
  • $3,050Additional noninterest expense
  • $5,642Pre-tax net operating income
  • $334Securities gains (losses)
  • $1,636Applicable income taxes
  • $4,340Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,312Net income attributable to bank
  • $28Net charge-offs
  • $4,340Cash dividends
  • $218Sale, conversion, retirement of capital stock, net
  • $1,699Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 11.36%Return on equity (ROE)
  • 6.88%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 267.43%Credit loss provision to net charge-offs
  • 28.56%Efficiency ratio
  • 66,507Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.40%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 123.74%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 69.58%Net loans and leases to core deposits
  • 81.10%Equity capital to assets
  • 10.41%Core capital (leverage) ratio
  • 10.15%Tier 1 risk-based capital ratio
  • 16.71%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $373,983Average earning assets
  • $37,965Average equity
  • $338,171Average 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
  • $118,289Managed Assets
  • 1Number of Accounts
  • $91,657Personal trust and agency accounts
  • $45,569Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $16,737Corporate trust and agency accounts
  • $419Investment management agency accounts
  • $28,932Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 444Number of Accounts
  • $0Personal trust and agency accounts
  • $16,737Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $26,632Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,812Fiduciary accounts held in foreign offices

List of branches

  • 13 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08184Steuben Trust CompanyOne Steuben Square, Hornell, NY 14843August 30, 1902Full Service Brick and Mortar
    2228572Arkport Branch29 Main Street, Arkport, NY 14807May 19, 1969Full Service Brick and Mortar
    3228573Alfred Branch928 State Highway Route 244, Alfred, NY 14802July 05, 1988Full Service Brick and Mortar
    4218338Canaseraga Branch37 Main Street, Canaseraga, NY 14822June 15, 1957Full Service Brick and Mortar
    5228574Wellsville Branch475 North Highland Avenue, Wellsville, NY 14895Febuary 28, 1994Full Service Brick and Mortar
    8215266Andover Branch38 South Main Street, Andover, NY 14806Febuary 01, 1956Full Service Brick and Mortar
    9215268Whitesville Branch484 Main Street, Whitesville, NY 14897April 01, 1959Full Service Brick and Mortar
    10215267Bolivar Branch319 Main Street, Bolivar, NY 14715June 18, 1962Full Service Brick and Mortar
    11398Belmont Branch11 Schuyler Street, Belmont, NY 14813January 01, 1888Full Service Brick and Mortar
    12365658Bath Plaza Branch201 Bath Plaza, Bath, NY 14810December 16, 2002Full Service Brick and Mortar
    13455807Geneseo Branch11 Megan Drive, Geneseo, NY 14454September 11, 2006Full Service Brick and Mortar
    14467727Henrietta Branch20 Wildbriar Road, Rochester, NY 14623July 16, 2007Full Service Brick and Mortar
    1544059Canisteo Branch1 Main St, Canisteo, NY 14823January 01, 1921Full Service Brick and Mortar

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