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



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The First National Bank of Groton routing number info

Table of contents:
The First National Bank of Groton
GeneralFDIC Certificate #: 7085
Status: Active
Federal Reserve ID: 917500
Date Established: May 01, 1865
WWW: http://www.grotonbank.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)
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)42
Total assets$129,256
Cash and due from depository institutions$2,349
Interest-bearing balances$138
Securities$57,308
Federal funds sold & reverse repurchase agreements$2
Net loans & leases$66,410
Loan loss allowance $870
Trading account assets$0
Bank premises and fixed assets$1,489
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,698
Life insurance assets$129,256
Total liabilities and capital$110,828
Total liabilities$109,422
Total deposits$90,098
Interest-bearing deposits$109,422
Deposits held in domestic offices$84
% insured (estimated)250.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,156
All other liabilities $18,428
Total equity capital$18,428
Total bank equity capital$18,428
Perpetual preferred stock$0
Common stock$300
Surplus$300
Undivided profits $17,828
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 $1,040
Earning assets $0
Long-term assets (5+ years) $719
Average Assets, year-to-date $123,858
Average Assets, quarterly $72,418
Volatile liabilities $130,478
Insider loans $130,929
FHLB advances $66,634
Loans and leases held for sale $130,995
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,587
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,090
Derivatives$334
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,970
Total interest expense $974
Net interest income $5,996
Provision for loan and lease losses $900
Total noninterest income $933
Fiduciary activities $0
Service charges on deposit accounts $565
Trading account gains & fees $0
Additional noninterest income $368
Total noninterest expense $4,094
Salaries and employee benefits $2,332
Premises and equipment expense $519
Additional noninterest expense $1,243
Pre-tax net operating income $1,935
Securities gains (losses) $1
Applicable income taxes $500
Income before extraordinary items $1,436
Extraordinary gains - net $0
Net income attributable to bank $1,436
Net charge-offs $0
Cash dividends $1,436
Sale, conversion, retirement of capital stock, net $927
Net operating income $780
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.58%
Cost of funding earning assets 0.78%
Net interest margin 4.80%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 3.28%
Net operating income to assets 1.10%
Return on assets (ROA) 1.10%
Pretax return on assets 1.48%
Return on equity (ROE) 8.02%
Retained earnings to average equity (YTD only) 3.66%
Net charge-offs to loans 1.39%
Credit loss provision to net charge-offs 97.09%
Efficiency ratio3.06%
Assets per employee$59,085
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 54.32%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 83.65%
Noncurrent loans to loans 0.80%
Net loans and leases to deposits1.55%
Net loans and leases to core deposits 60.69%
Equity capital to assets 64.74%
Core capital (leverage) ratio 14.26%
Tier 1 risk-based capital ratio 13.43%
Total risk-based capital ratio 26.39%
Memoranda
Average assets$28
Average earning assets$130,478
Average equity $17,907
Average loans $124,884
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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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