The North Country Savings Bank in Canton, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

The North Country Savings Bank - Overview

  • General
  • FDIC Certificate #: 16030
    Status: Active
    Federal Reserve ID: 166111
    Date Established: May 09, 1909
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13295
    FDIC's unique #: 10259
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    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: 127 Main Street, Canton, NY 13617
    County: St. Lawrence
    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): Ogdensburg-Massena, NY (#36300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $232.4 mil
    Equity capital: $30.0 mil
    Deposits held in domestic offices: $187.1 mil
    Return on assets (ROA): 0.37% ($0.9 mil)
    Quarterly return on assets: 0.31% ($0.7 mil)
    Return on Equity (ROE): 2.88% ($0.9 mil)
    Quarterly return on equity: 2.36% ($0.7 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.59% ($1,371.2 mil)
    Quarterly Pretax return on assets: 0.53% ($1,231.7 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
  • 81Total employees (full-time equivalent)
  • $232,402Total assets
  • $15,909Cash and due from depository institutions
  • $2,780Interest-bearing balances
  • $5,467Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $193,678Net loans & leases
  • $1,002Loan loss allowance
  • $0Trading account assets
  • $6,289Bank premises and fixed assets
  • $554Other real estate owned
  • $0Goodwill and other intangibles
  • $232,402Life insurance assets
  • $10,505All other assets
  • $202,451Total liabilities and capital
  • $187,106Total liabilities
  • $173,422Total deposits
  • $187,106Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,865Trading liabilities
  • $0Other borrowed funds
  • $480Subordinated debt
  • $29,951All other liabilities
  • $29,951Total equity capital
  • $29,951Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $3,128Surplus
  • $26,823Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,925Income earned, not collected on loans
  • $0Earning assets
  • $911Long-term assets (5+ years)
  • $201,925Average Assets, year-to-date
  • $46,223Average Assets, quarterly
  • $236,672Volatile liabilities
  • $234,643Insider loans
  • $133,307FHLB advances
  • $234,838Loans and leases held for sale
  • $6,227Unused loan commitments
  • $6,227Tier 1 (core) risk-based capital
  • $32,928Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,993Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,466Total interest income
  • $2,507Total interest expense
  • $8,959Net interest income
  • $198Provision for loan and lease losses
  • $1,796Total noninterest income
  • $0Fiduciary activities
  • $951Service charges on deposit accounts
  • $0Trading account gains & fees
  • $845Additional noninterest income
  • $9,164Total noninterest expense
  • $4,482Salaries and employee benefits
  • $1,410Premises and equipment expense
  • $3,272Additional noninterest expense
  • $1,393Pre-tax net operating income
  • -$1Securities gains (losses)
  • $505Applicable income taxes
  • $887Income before extraordinary items
  • $0Extraordinary gains - net
  • $887Net income attributable to bank
  • $0Net charge-offs
  • $887Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 2.88%Return on equity (ROE)
  • 2.88%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 104.21%Credit loss provision to net charge-offs
  • 8.37%Efficiency ratio
  • 85,207Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.51%Loss allowance to noncurrent loans
  • 52.05%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 103.51%Net loans and leases to core deposits
  • 104.61%Equity capital to assets
  • 12.89%Core capital (leverage) ratio
  • 14.02%Tier 1 risk-based capital ratio
  • 24.70%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $236,672Average earning assets
  • $30,844Average equity
  • $204,810Average loans

List of branches

  • 5 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010259The North Country Savings Bank127 Main Street, Canton, NY 13617May 09, 1909Full Service Brick and Mortar
    1236849Massena Branch22-24 Phillips Street, Massena, NY 13662June 24, 1968Full Service Brick and Mortar
    2236850Potsdam Branch31 Main Street, Potsdam, NY 13676October 02, 1972Full Service Brick and Mortar
    340771Greene And Caroline Streets BranchGreene And Caroline Streets, Ogdensburg, NY 13669January 01, 1889Full Service Brick and Mortar
    4430190Slu Student Center Branch1 Millennium Way, Canton, NY 13617March 26, 2004Limited Service Mobile

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