USNY Bank in Geneva, New York (NY)
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| USNY Bank | |
|---|---|
| General | FDIC Certificate #: 58541 Status: Active Federal Reserve ID: 3620922 Date Established: July 31, 2007 WWW: http://www.usnybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 455787 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: July 31, 2007 Last Structure Change Effective Date: July 31, 2007 Last Structure Change Process Date: August 01, 2007 Last Data Update: August 01, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 389 Hamilton Street, Geneva, NY 14456 County: Ontario 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): Rochester, NY (#6840) Combined Statistical Area (CSA): Rochester-Batavia-Seneca Falls, NY (#464) Core Based Statistical Area (CBSA): Rochester, NY (#40380) CBSA Metro Statistical Area: Rochester, NY (#40380) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office New Institution |
| Financial Summary | Total assets: $109.5 mil Equity capital: $10.7 mil Deposits held in domestic offices: $97.0 mil Return on assets (ROA): 1.36% ($1.5 mil) Quarterly return on assets: 1.22% ($1.3 mil) Return on Equity (ROE): 13.02% ($1.4 mil) Quarterly return on equity: 12.36% ($1.4 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 2.07% ($2,267.5 mil) Quarterly Pretax return on assets: 1.75% ($1,917.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 21 |
| Total assets | $109,542 |
| Cash and due from depository institutions | $10,286 |
| Interest-bearing balances | $7,424 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $96,343 |
| Loan loss allowance | $1,590 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $722 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,191 |
| Life insurance assets | $109,542 |
| Total liabilities and capital | $98,858 |
| Total liabilities | $96,997 |
| Total deposits | $82,758 |
| Interest-bearing deposits | $96,997 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 1500.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $361 |
| All other liabilities | $10,684 |
| Total equity capital | $10,684 |
| Total bank equity capital | $10,684 |
| Perpetual preferred stock | $0 |
| Common stock | $4,000 |
| Surplus | $6,481 |
| Undivided profits | $203 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $340 |
| Income earned, not collected on loans | $405 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $432 |
| Average Assets, year-to-date | $103,767 |
| Average Assets, quarterly | $18,017 |
| Volatile liabilities | $96,001 |
| Insider loans | $106,691 |
| FHLB advances | $90,510 |
| Loans and leases held for sale | $104,660 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,684 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,406 |
| Derivatives | $2,021 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,363 |
| Total interest expense | $924 |
| Net interest income | $4,439 |
| Provision for loan and lease losses | $397 |
| Total noninterest income | $610 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $149 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $461 |
| Total noninterest expense | $2,663 |
| Salaries and employee benefits | $919 |
| Premises and equipment expense | $456 |
| Additional noninterest expense | $1,288 |
| Pre-tax net operating income | $1,989 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $684 |
| Income before extraordinary items | $1,305 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,305 |
| Net charge-offs | $0 |
| Cash dividends | $1,305 |
| Sale, conversion, retirement of capital stock, net | -$3 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.91% |
| Cost of funding earning assets | 1.02% |
| Net interest margin | 4.89% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 2.94% |
| Net operating income to assets | 1.36% |
| Return on assets (ROA) | 1.36% |
| Pretax return on assets | 2.07% |
| Return on equity (ROE) | 13.02% |
| Retained earnings to average equity (YTD only) | 13.02% |
| Net charge-offs to loans | -0.00% |
| Credit loss provision to net charge-offs | -13233.33% |
| Efficiency ratio | 0.00% |
| Assets per employee | $52,743 |
| Cash dividends to net income (YTD only) | 5.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.62% |
| Noncurrent assets plus other real estate owned to assets | 392.59% |
| Noncurrent loans to loans | 0.37% |
| Net loans and leases to deposits | 0.41% |
| Net loans and leases to core deposits | 99.33% |
| Equity capital to assets | 134.56% |
| Core capital (leverage) ratio | 9.75% |
| Tier 1 risk-based capital ratio | 10.21% |
| Total risk-based capital ratio | 11.80% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $96,001 |
| Average equity | $10,027 |
| Average loans | $90,696 |
| 2 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 455787 | Usny Bank | 389 Hamilton Street, Geneva, NY 14456 | July 31, 2007 | Full Service Brick and Mortar |  |
| 1 | 470124 | Cooperstown Branch | 73 Chestnut Street, Cooperstown, NY 13326 | December 19, 2007 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.