Tioga State Bank in Spencer, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Tioga State Bank - Overview

  • General
  • FDIC Certificate #: 9410
    Status: Active
    Federal Reserve ID: 910118
    Bank Holding Company (Regulatory Top Holder): Tsb Services, Inc. (RSSDID: 1048858, Location: Spencer, NY)
    Date Established: March 24, 1884
    WWW: http://www.tiogabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 11203
    FDIC's unique #: 6045
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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
  • Location
  • Address: 1 Main Street, Spencer, NY 14883
    County: Tioga
    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): Binghamton, NY (#960)
    Core Based Statistical Area (CBSA): Binghamton, NY (#13780)
    CBSA Metro Statistical Area: Binghamton, NY (#13780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $385.3 mil
    Equity capital: $39.0 mil
    Deposits held in domestic offices: $303.8 mil
    Return on assets (ROA): 0.97% ($3.7 mil)
    Quarterly return on assets: 1.00% ($3.9 mil)
    Return on Equity (ROE): 10.27% ($4.0 mil)
    Quarterly return on equity: 10.08% ($3.9 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.40% ($5,394.7 mil)
    Quarterly Pretax return on assets: 1.46% ($5,625.9 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
  • 91Total employees (full-time equivalent)
  • $385,339Total assets
  • $5,347Cash and due from depository institutions
  • $673Interest-bearing balances
  • $120,847Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $239,689Net loans & leases
  • $3,631Loan loss allowance
  • $0Trading account assets
  • $5,431Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $385,339Life insurance assets
  • $14,025All other assets
  • $346,378Total liabilities and capital
  • $303,839Total liabilities
  • $250,178Total deposits
  • $303,839Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 12679.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,067Trading liabilities
  • $0Other borrowed funds
  • $3,793Subordinated debt
  • $38,961All other liabilities
  • $38,961Total equity capital
  • $38,961Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $350Surplus
  • $38,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,269Income earned, not collected on loans
  • $0Earning assets
  • $1,526Long-term assets (5+ years)
  • $361,209Average Assets, year-to-date
  • $185,879Average Assets, quarterly
  • $387,784Volatile liabilities
  • $388,133Insider loans
  • $244,608FHLB advances
  • $385,675Loans and leases held for sale
  • $7,549Unused loan commitments
  • $7,549Tier 1 (core) risk-based capital
  • $37,833Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,372Restructured Loans and leases
  • $735Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,007Total interest income
  • $4,091Total interest expense
  • $13,916Net interest income
  • $290Provision for loan and lease losses
  • $3,082Total noninterest income
  • $0Fiduciary activities
  • $1,089Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,993Additional noninterest income
  • $11,349Total noninterest expense
  • $6,220Salaries and employee benefits
  • $1,519Premises and equipment expense
  • $3,610Additional noninterest expense
  • $5,359Pre-tax net operating income
  • $71Securities gains (losses)
  • $1,658Applicable income taxes
  • $3,772Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,772Net income attributable to bank
  • $0Net charge-offs
  • $3,772Cash dividends
  • -$11Sale, conversion, retirement of capital stock, net
  • $280Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 10.27%Return on equity (ROE)
  • 9.51%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -2636.36%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,767Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.42%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 286.13%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 78.89%Net loans and leases to core deposits
  • 82.35%Equity capital to assets
  • 10.11%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 15.47%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $387,784Average earning assets
  • $36,712Average equity
  • $363,932Average loans

List of branches

  • 11 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06045Tioga State Bank1 Main Street, Spencer, NY 14883March 24, 1884Full Service Brick and Mortar
    1220096Candor Branch73 Main Street, Candor, NY 13743June 30, 1961Full Service Brick and Mortar
    2220097Owego Fifth Avenue Branch923 State Route 17c, Owego, NY 13827September 16, 1968Full Service Brick and Mortar
    3220098Newfield Branch183 Main Street, Newfield, NY 14867December 27, 1973Full Service Brick and Mortar
    4220099Van Etten Branch6 Main Street, Van Etten, NY 14889August 02, 1976Limited Service Facility
    5220100Upper North Avenue Branch1387 State Route 96, Owego, NY 13827November 09, 1987Limited Service Facility
    6220101Waverly Branch436 Cayuta Avenue, Waverly, NY 14892June 20, 1991Full Service Brick and Mortar
    7420230Vestal Branch1250 Vestal Pkwy East P.O. Box 1254, Vestal, NY 13850Febuary 21, 2003Full Service Brick and Mortar
    8430101Endwell Office Branch510 Hooper Road, Endwell, NY 13760June 01, 2004Full Service Brick and Mortar
    9430102Upper Front Street Office Branch1430 Upper Front Street, Binghamton, NY 13901April 20, 2004Full Service Brick and Mortar
    10442210Conklin Avenue Office Branch191 Conklin Ave, Binghamton, NY 13903December 01, 2004Full Service Brick and Mortar

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