The North Country Savings Bank in Canton, New York (NY)
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| The North Country Savings Bank | |
|---|---|
| General | FDIC Certificate #: 16030 Status: Active Federal Reserve ID: 166111 Date Established: May 09, 1909 WWW: http://www.northcountrysavings.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 81 |
| Total assets | $232,402 |
| Cash and due from depository institutions | $15,909 |
| Interest-bearing balances | $2,780 |
| Securities | $5,467 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $193,678 |
| Loan loss allowance | $1,002 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,289 |
| Other real estate owned | $554 |
| Goodwill and other intangibles | $0 |
| All other assets | $10,505 |
| Life insurance assets | $232,402 |
| Total liabilities and capital | $202,451 |
| Total liabilities | $187,106 |
| Total deposits | $173,422 |
| Interest-bearing deposits | $187,106 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $14,865 |
| Other borrowed funds | $0 |
| Subordinated debt | $480 |
| All other liabilities | $29,951 |
| Total equity capital | $29,951 |
| Total bank equity capital | $29,951 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $3,128 |
| Undivided profits | $26,823 |
| 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 | $1,925 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $911 |
| Average Assets, year-to-date | $201,925 |
| Average Assets, quarterly | $46,223 |
| Volatile liabilities | $236,672 |
| Insider loans | $234,643 |
| FHLB advances | $133,307 |
| Loans and leases held for sale | $234,838 |
| Unused loan commitments | $6,227 |
| Tier 1 (core) risk-based capital | $6,227 |
| Tier 2 risk-based capital | $32,928 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $13,993 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,466 |
| Total interest expense | $2,507 |
| Net interest income | $8,959 |
| Provision for loan and lease losses | $198 |
| Total noninterest income | $1,796 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $951 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $845 |
| Total noninterest expense | $9,164 |
| Salaries and employee benefits | $4,482 |
| Premises and equipment expense | $1,410 |
| Additional noninterest expense | $3,272 |
| Pre-tax net operating income | $1,393 |
| Securities gains (losses) | -$1 |
| Applicable income taxes | $505 |
| Income before extraordinary items | $887 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $887 |
| Net charge-offs | $0 |
| Cash dividends | $887 |
| Sale, conversion, retirement of capital stock, net | $190 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.60% |
| Cost of funding earning assets | 1.22% |
| Net interest margin | 4.37% |
| Noninterest income to earning assets | 0.88% |
| Noninterest expense to earning assets | 4.47% |
| Net operating income to assets | 0.38% |
| Return on assets (ROA) | 0.37% |
| Pretax return on assets | 0.59% |
| Return on equity (ROE) | 2.88% |
| Retained earnings to average equity (YTD only) | 2.88% |
| Net charge-offs to loans | 0.10% |
| Credit loss provision to net charge-offs | 104.21% |
| Efficiency ratio | 8.37% |
| Assets per employee | $85,207 |
| Cash dividends to net income (YTD only) | 2.87% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.51% |
| Noncurrent assets plus other real estate owned to assets | 52.05% |
| Noncurrent loans to loans | 1.07% |
| Net loans and leases to deposits | 0.99% |
| Net loans and leases to core deposits | 103.51% |
| Equity capital to assets | 104.61% |
| Core capital (leverage) ratio | 12.89% |
| Tier 1 risk-based capital ratio | 14.02% |
| Total risk-based capital ratio | 24.70% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $236,672 |
| Average equity | $30,844 |
| Average loans | $204,810 |
| 5 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10259 | The North Country Savings Bank | 127 Main Street, Canton, NY 13617 | May 09, 1909 | Full Service Brick and Mortar |  |
| 1 | 236849 | Massena Branch | 22-24 Phillips Street, Massena, NY 13662 | June 24, 1968 | Full Service Brick and Mortar |  |
| 2 | 236850 | Potsdam Branch | 31 Main Street, Potsdam, NY 13676 | October 02, 1972 | Full Service Brick and Mortar | |
| 3 | 40771 | Greene And Caroline Streets Branch | Greene And Caroline Streets, Ogdensburg, NY 13669 | January 01, 1889 | Full Service Brick and Mortar | |
| 4 | 430190 | Slu Student Center Branch | 1 Millennium Way, Canton, NY 13617 | March 26, 2004 | Limited Service Mobile | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.