The First National Bank of Groton in Groton, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Groton - Overview

  • General
  • FDIC Certificate #: 7085
    Status: Active
    Federal Reserve ID: 917500
    Date Established: May 01, 1865
    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)
    FDIC's unique #: 4721
    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: 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: 159-163 Main Street, Groton, NY 13073
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $129.3 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $109.4 mil
    Return on assets (ROA): 1.10% ($1.4 mil)
    Quarterly return on assets: 0.52% ($0.7 mil)
    Return on Equity (ROE): 8.02% ($1.4 mil)
    Quarterly return on equity: 3.66% ($0.7 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.48% ($1,913.0 mil)
    Quarterly Pretax return on assets: 0.68% ($878.9 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
  • 42Total employees (full-time equivalent)
  • $129,256Total assets
  • $2,349Cash and due from depository institutions
  • $138Interest-bearing balances
  • $57,308Securities
  • $2Federal funds sold & reverse repurchase agreements
  • $66,410Net loans & leases
  • $870Loan loss allowance
  • $0Trading account assets
  • $1,489Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $129,256Life insurance assets
  • $1,698All other assets
  • $110,828Total liabilities and capital
  • $109,422Total liabilities
  • $90,098Total deposits
  • $109,422Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 250.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,156Subordinated debt
  • $18,428All other liabilities
  • $18,428Total equity capital
  • $18,428Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $300Surplus
  • $17,828Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,040Income earned, not collected on loans
  • $0Earning assets
  • $719Long-term assets (5+ years)
  • $123,858Average Assets, year-to-date
  • $72,418Average Assets, quarterly
  • $130,478Volatile liabilities
  • $130,929Insider loans
  • $66,634FHLB advances
  • $130,995Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,587Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,090Restructured Loans and leases
  • $334Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,970Total interest income
  • $974Total interest expense
  • $5,996Net interest income
  • $900Provision for loan and lease losses
  • $933Total noninterest income
  • $0Fiduciary activities
  • $565Service charges on deposit accounts
  • $0Trading account gains & fees
  • $368Additional noninterest income
  • $4,094Total noninterest expense
  • $2,332Salaries and employee benefits
  • $519Premises and equipment expense
  • $1,243Additional noninterest expense
  • $1,935Pre-tax net operating income
  • $1Securities gains (losses)
  • $500Applicable income taxes
  • $1,436Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,436Net income attributable to bank
  • $0Net charge-offs
  • $1,436Cash dividends
  • $927Sale, conversion, retirement of capital stock, net
  • $780Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 8.02%Return on equity (ROE)
  • 3.66%Retained earnings to average equity (YTD only)
  • 1.39%Net charge-offs to loans
  • 97.09%Credit loss provision to net charge-offs
  • 3.06%Efficiency ratio
  • 59,085Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.32%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 83.65%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 1.55%Net loans and leases to deposits
  • 60.69%Net loans and leases to core deposits
  • 64.74%Equity capital to assets
  • 14.26%Core capital (leverage) ratio
  • 13.43%Tier 1 risk-based capital ratio
  • 26.39%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $130,478Average earning assets
  • $17,907Average equity
  • $124,884Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04721The First National Bank Of Groton159-163 Main Street, Groton, NY 13073May 01, 1865Full Service Brick and Mortar
    2213780Moravia Branch41 South Main Street, Moravia, NY 13118Febuary 08, 1999Full Service Brick and Mortar

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