FDIC Certificate #: 7334 Status: Inactive Closing history: Office Sold Acquiring institution:State Bank of Chittenango (#12940) Federal Reserve ID: 523714 Date Established: January 01, 1839 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 4803 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 02, 2007 Last Structure Change Process Date: October 16, 2007 Last Data Update: October 16, 2007 Data Source Date: April 05, 2012
Location
Address: 5238 West Seneca Street, Vernon, NY 13476 County: Oneida 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): Utica-Rome, NY (#8680) Core Based Statistical Area (CBSA): Utica-Rome, NY (#46540) CBSA Metro Statistical Area: Utica-Rome, NY (#46540)
History of Changes
Absorption - Without Assistance
Office Sold
Financial Summary
Total assets: $62.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
27Total employees (full-time equivalent)
$62,185Total assets
$2,367Cash and due from depository institutions
$53Interest-bearing balances
$19,173Securities
$9,000Federal funds sold & reverse repurchase agreements
$26,921Net loans & leases
$874Loan loss allowance
$0Trading account assets
$2,110Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,689Life insurance assets
$2,614All other assets
$62,185Total liabilities and capital
$55,456Total liabilities
$54,868Total deposits
$41,472Interest-bearing deposits
$54,868Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$588All other liabilities
$6,729Total equity capital
$6,729Total bank equity capital
$6,729Perpetual preferred stock
$0Common stock
$822Surplus
$822Undivided profits
Memoranda
$5,085Noncurrent loans and leases
$4,447Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$186Earning assets
$0Long-term assets (5+ years)
$279Average Assets, year-to-date
$55,147Average Assets, quarterly
$25,533Volatile liabilities
$61,851Insider loans
$63,358FHLB advances
$6,462Loans and leases held for sale
$877Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,447Total unused commitments
$0Restructured Loans and leases
$381Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,310Total interest income
$1,028Total interest expense
$2,282Net interest income
$299Provision for loan and lease losses
$436Total noninterest income
$0Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$207Additional noninterest income
$2,823Total noninterest expense
$1,149Salaries and employee benefits
$554Premises and equipment expense
$1,120Additional noninterest expense
-$404Pre-tax net operating income
$39Securities gains (losses)
-$183Applicable income taxes
-$182Income before extraordinary items
$0Extraordinary gains - net
-$182Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$179Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
1.87%Cost of funding earning assets
4.14%Net interest margin
0.79%Noninterest income to earning assets
5.13%Noninterest expense to earning assets
-0.33%Net operating income to assets
-0.29%Return on assets (ROA)
-0.59%Pretax return on assets
-2.72%Return on equity (ROE)
-2.72%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
167.04%Credit loss provision to net charge-offs
-0.59%Efficiency ratio
103,863Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.14%Loss allowance to noncurrent loans
469.89%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.67%Net loans and leases to deposits
49.07%Net loans and leases to core deposits
55.62%Equity capital to assets
10.82%Core capital (leverage) ratio
10.82%Tier 1 risk-based capital ratio
22.69%Total risk-based capital ratio
Memoranda
$24Average assets
$61,851Average earning assets
$6,688Average equity
$55,065Average loans
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