FDIC Certificate #: 16073 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:First Niagara Bank, National Association (#16004) Federal Reserve ID: 242015 Date Established: April 23, 1823 WWW:http://www.troysavingsbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 21 (Interstate: No) OTS Docket #: 11531 FDIC's unique #: 10295 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1943 Last Structure Change Effective Date: January 16, 2004 Last Structure Change Process Date: Febuary 03, 2004 Last Data Update: Febuary 03, 2004 Data Source Date: April 05, 2012
Location
Address: 32 Second Street, Troy, NY 12180 County: Rensselaer 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): Albany-Schenectady-Troy, NY (#160) Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104) Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580) CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
Financial Summary
Total assets: $1,086.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
294Total employees (full-time equivalent)
$1,086,787Total assets
$97,572Cash and due from depository institutions
$57,197Interest-bearing balances
$137,835Securities
$5,800Federal funds sold & reverse repurchase agreements
$738,871Net loans & leases
$14,650Loan loss allowance
$0Trading account assets
$15,547Bank premises and fixed assets
$17,348Other real estate owned
$31,686Goodwill and other intangibles
$0Life insurance assets
$42,128All other assets
$1,086,787Total liabilities and capital
$952,044Total liabilities
$827,087Total deposits
$813,175Interest-bearing deposits
$827,087Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$118,692Other borrowed funds
$0Subordinated debt
$6,265All other liabilities
$134,743Total equity capital
$134,743Total bank equity capital
$134,743Perpetual preferred stock
$0Common stock
$58Surplus
$101,706Undivided profits
Memoranda
$32,979Noncurrent loans and leases
$217,540Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,244Earning assets
$0Long-term assets (5+ years)
$4,118Average Assets, year-to-date
$939,703Average Assets, quarterly
$240,053Volatile liabilities
$1,114,259Insider loans
$1,142,531FHLB advances
$50,663Loans and leases held for sale
$35,312Unused loan commitments
$99,789Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$217,540Total unused commitments
$0Restructured Loans and leases
$9,221Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$55,923Total interest income
$16,221Total interest expense
$39,702Net interest income
$682Provision for loan and lease losses
$6,871Total noninterest income
$709Fiduciary activities
$2,443Service charges on deposit accounts
$0Trading account gains & fees
$3,719Additional noninterest income
$29,892Total noninterest expense
$18,561Salaries and employee benefits
$3,626Premises and equipment expense
$7,705Additional noninterest expense
$15,999Pre-tax net operating income
$1,448Securities gains (losses)
$6,576Applicable income taxes
$10,871Income before extraordinary items
$0Extraordinary gains - net
$10,871Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$632Sale, conversion, retirement of capital stock, net
$9,250Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.78%Yield on earning assets
1.68%Cost of funding earning assets
4.10%Net interest margin
0.71%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
0.89%Net operating income to assets
0.98%Return on assets (ROA)
1.57%Pretax return on assets
8.17%Return on equity (ROE)
1.22%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
107.91%Credit loss provision to net charge-offs
26.39%Efficiency ratio
64,082Assets per employee
3.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.09%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
652.85%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.30%Net loans and leases to deposits
89.33%Net loans and leases to core deposits
93.21%Equity capital to assets
12.40%Core capital (leverage) ratio
9.82%Tier 1 risk-based capital ratio
14.11%Total risk-based capital ratio
Memoranda
$15Average assets
$1,114,259Average earning assets
$133,010Average equity
$967,931Average loans
Total Fiduciary and Related Assets (December 31, 2003)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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