The First National Bank of Dryden in Dryden, New York (NY)



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The First National Bank of Dryden routing number info

Table of contents:
The First National Bank of Dryden
GeneralFDIC Certificate #: 7031
Status: Active
Federal Reserve ID: 241009
Date Established: January 01, 1902
WWW: http://www.drydenbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 14173
FDIC's unique #: 4700
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Other Specialized Lending < 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
LocationAddress: 7 West Main Street, Dryden, NY 13053
County: Tompkins
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
Combined Statistical Area (CSA): Ithaca-Cortland, NY (#296)
Core Based Statistical Area (CBSA): Ithaca, NY (#27060)
CBSA Metro Statistical Area: Ithaca, NY (#27060)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $106.0 mil
Equity capital: $14.1 mil
Deposits held in domestic offices: $89.1 mil
Return on assets (ROA): 1.11% ($1.2 mil)
Quarterly return on assets: 0.37% ($0.4 mil)
Return on Equity (ROE): 8.90% ($1.2 mil)
Quarterly return on equity: 2.93% ($0.4 mil)
Net income: $1.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.35% ($1,431.0 mil)
Quarterly Pretax return on assets: 0.70% ($742.0 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)
Total employees (full-time equivalent)32
Total assets$106,000
Cash and due from depository institutions$9,484
Interest-bearing balances$5,854
Securities$53,736
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$37,581
Loan loss allowance $866
Trading account assets$0
Bank premises and fixed assets$1,298
Other real estate owned$146
Goodwill and other intangibles$0
All other assets$2,755
Life insurance assets$106,000
Total liabilities and capital$91,892
Total liabilities$89,134
Total deposits$69,804
Interest-bearing deposits$89,134
Deposits held in domestic offices$72
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $758
All other liabilities $14,108
Total equity capital$14,108
Total bank equity capital$14,108
Perpetual preferred stock$0
Common stock$756
Surplus$4,017
Undivided profits $9,335
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $263
Earning assets $0
Long-term assets (5+ years) $340
Average Assets, year-to-date $98,171
Average Assets, quarterly $57,874
Volatile liabilities $109,579
Insider loans $111,730
FHLB advances $40,513
Loans and leases held for sale $109,431
Unused loan commitments $1,691
Tier 1 (core) risk-based capital $1,691
Tier 2 risk-based capital $12,930
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,094
Derivatives$725
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,437
Total interest expense $300
Net interest income $4,137
Provision for loan and lease losses $260
Total noninterest income $388
Fiduciary activities $0
Service charges on deposit accounts $167
Trading account gains & fees $0
Additional noninterest income $221
Total noninterest expense $2,878
Salaries and employee benefits $1,801
Premises and equipment expense $509
Additional noninterest expense $568
Pre-tax net operating income $1,387
Securities gains (losses) $93
Applicable income taxes $264
Income before extraordinary items $1,216
Extraordinary gains - net $0
Net income attributable to bank $1,216
Net charge-offs $0
Cash dividends $1,216
Sale, conversion, retirement of capital stock, net $34
Net operating income $743
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.39%
Cost of funding earning assets 0.30%
Net interest margin 4.09%
Noninterest income to earning assets 0.38%
Noninterest expense to earning assets 2.85%
Net operating income to assets 1.04%
Return on assets (ROA) 1.11%
Pretax return on assets 1.35%
Return on equity (ROE) 8.90%
Retained earnings to average equity (YTD only) 3.46%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 764.71%
Efficiency ratio48.44%
Assets per employee$63,602
Cash dividends to net income (YTD only)3.31%
Condition Ratios (%)
Loss allowance to loans 61.10%
Loss allowance to noncurrent loans 2.25%
Noncurrent assets plus other real estate owned to assets 329.28%
Noncurrent loans to loans 0.39%
Net loans and leases to deposits0.68%
Net loans and leases to core deposits 42.16%
Equity capital to assets 43.02%
Core capital (leverage) ratio 13.31%
Tier 1 risk-based capital ratio 11.82%
Total risk-based capital ratio 31.92%
Memoranda
Average assets$33
Average earning assets$109,579
Average equity $13,666
Average loans $101,109
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2 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04700The First National Bank Of Dryden7 West Main Street, Dryden, NY 13053January 01, 1902Full Service Brick and Mortar
1429601Cortland Branch853 Route 13, Cortland, NY 13045June 14, 2004Full Service Brick and Mortar
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