Tioga State Bank in Spencer, New York (NY)
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| Tioga State Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 91 |
| Total assets | $385,339 |
| Cash and due from depository institutions | $5,347 |
| Interest-bearing balances | $673 |
| Securities | $120,847 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $239,689 |
| Loan loss allowance | $3,631 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,431 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $14,025 |
| Life insurance assets | $385,339 |
| Total liabilities and capital | $346,378 |
| Total liabilities | $303,839 |
| Total deposits | $250,178 |
| Interest-bearing deposits | $303,839 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 12679.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $26,067 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,793 |
| All other liabilities | $38,961 |
| Total equity capital | $38,961 |
| Total bank equity capital | $38,961 |
| Perpetual preferred stock | $0 |
| Common stock | $400 |
| Surplus | $350 |
| Undivided profits | $38,211 |
| 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 | $1,269 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,526 |
| Average Assets, year-to-date | $361,209 |
| Average Assets, quarterly | $185,879 |
| Volatile liabilities | $387,784 |
| Insider loans | $388,133 |
| FHLB advances | $244,608 |
| Loans and leases held for sale | $385,675 |
| Unused loan commitments | $7,549 |
| Tier 1 (core) risk-based capital | $7,549 |
| Tier 2 risk-based capital | $37,833 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $37,372 |
| Derivatives | $735 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $18,007 |
| Total interest expense | $4,091 |
| Net interest income | $13,916 |
| Provision for loan and lease losses | $290 |
| Total noninterest income | $3,082 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,089 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,993 |
| Total noninterest expense | $11,349 |
| Salaries and employee benefits | $6,220 |
| Premises and equipment expense | $1,519 |
| Additional noninterest expense | $3,610 |
| Pre-tax net operating income | $5,359 |
| Securities gains (losses) | $71 |
| Applicable income taxes | $1,658 |
| Income before extraordinary items | $3,772 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,772 |
| Net charge-offs | $0 |
| Cash dividends | $3,772 |
| Sale, conversion, retirement of capital stock, net | -$11 |
| Net operating income | $280 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.95% |
| Cost of funding earning assets | 1.12% |
| Net interest margin | 3.82% |
| Noninterest income to earning assets | 0.85% |
| Noninterest expense to earning assets | 3.12% |
| Net operating income to assets | 0.96% |
| Return on assets (ROA) | 0.97% |
| Pretax return on assets | 1.40% |
| Return on equity (ROE) | 10.27% |
| Retained earnings to average equity (YTD only) | 9.51% |
| Net charge-offs to loans | -0.00% |
| Credit loss provision to net charge-offs | -2636.36% |
| Efficiency ratio | 0.00% |
| Assets per employee | $66,767 |
| Cash dividends to net income (YTD only) | 4.23% |
| Condition Ratios (%) | |
| Loss allowance to loans | 7.42% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 286.13% |
| Noncurrent loans to loans | 0.33% |
| Net loans and leases to deposits | 0.52% |
| Net loans and leases to core deposits | 78.89% |
| Equity capital to assets | 82.35% |
| Core capital (leverage) ratio | 10.11% |
| Tier 1 risk-based capital ratio | 9.81% |
| Total risk-based capital ratio | 15.47% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $387,784 |
| Average equity | $36,712 |
| Average loans | $363,932 |
| 11 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6045 | Tioga State Bank | 1 Main Street, Spencer, NY 14883 | March 24, 1884 | Full Service Brick and Mortar |  |
| 1 | 220096 | Candor Branch | 73 Main Street, Candor, NY 13743 | June 30, 1961 | Full Service Brick and Mortar |  |
| 2 | 220097 | Owego Fifth Avenue Branch | 923 State Route 17c, Owego, NY 13827 | September 16, 1968 | Full Service Brick and Mortar | |
| 3 | 220098 | Newfield Branch | 183 Main Street, Newfield, NY 14867 | December 27, 1973 | Full Service Brick and Mortar | |
| 4 | 220099 | Van Etten Branch | 6 Main Street, Van Etten, NY 14889 | August 02, 1976 | Limited Service Facility | |
| 5 | 220100 | Upper North Avenue Branch | 1387 State Route 96, Owego, NY 13827 | November 09, 1987 | Limited Service Facility | |
| 6 | 220101 | Waverly Branch | 436 Cayuta Avenue, Waverly, NY 14892 | June 20, 1991 | Full Service Brick and Mortar | |
| 7 | 420230 | Vestal Branch | 1250 Vestal Pkwy East P.O. Box 1254, Vestal, NY 13850 | Febuary 21, 2003 | Full Service Brick and Mortar | |
| 8 | 430101 | Endwell Office Branch | 510 Hooper Road, Endwell, NY 13760 | June 01, 2004 | Full Service Brick and Mortar | |
| 9 | 430102 | Upper Front Street Office Branch | 1430 Upper Front Street, Binghamton, NY 13901 | April 20, 2004 | Full Service Brick and Mortar | |
| 10 | 442210 | Conklin Avenue Office Branch | 191 Conklin Ave, Binghamton, NY 13903 | December 01, 2004 | Full Service Brick and Mortar | |
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