WSB Municipal Bank in Watertown, New York (NY)
| WSB Municipal Bank | |
|---|---|
| General | FDIC Certificate #: 7274 Status: Active Federal Reserve ID: 858818 Date Established: April 24, 1913 WWW: http://www.watertownsavingsbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 4780 Numeric code: 21 Regulator: FDIC 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 Directly owned by another bank (CERT): #7274 Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 01, 2011 Last Structure Change Process Date: September 08, 2011 Last Data Update: September 08, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 111 Clinton Street, Watertown, NY 13601 County: Jefferson 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): Watertown-Fort Drum, NY (#48060) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $36.7 mil Equity capital: $4.2 mil Deposits held in domestic offices: $29.1 mil Return on assets (ROA): 1.49% ($0.6 mil) Quarterly return on assets: 0.68% ($0.3 mil) Return on Equity (ROE): 12.73% ($0.5 mil) Quarterly return on equity: 5.71% ($0.2 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.16% ($793.1 mil) Quarterly Pretax return on assets: 0.92% ($337.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $36,716 |
| Cash and due from depository institutions | $9,266 |
| Interest-bearing balances | $6,488 |
| Securities | $27,282 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $0 |
| Loan loss allowance | $0 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $168 |
| Life insurance assets | $36,716 |
| Total liabilities and capital | $32,472 |
| Total liabilities | $29,075 |
| Total deposits | $25,928 |
| Interest-bearing deposits | $29,075 |
| Deposits held in domestic offices | $35 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,397 |
| All other liabilities | $4,244 |
| Total equity capital | $4,244 |
| Total bank equity capital | $4,244 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $4,244 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $134 |
| Average Assets, year-to-date | $33,770 |
| Average Assets, quarterly | $10,224 |
| Volatile liabilities | $33,388 |
| Insider loans | $35,165 |
| FHLB advances | $7,969 |
| Loans and leases held for sale | $34,341 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,148 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $501 |
| Total interest expense | $134 |
| Net interest income | $367 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $0 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $0 |
| Total noninterest expense | $74 |
| Salaries and employee benefits | $0 |
| Premises and equipment expense | $2 |
| Additional noninterest expense | $72 |
| Pre-tax net operating income | $293 |
| Securities gains (losses) | $427 |
| Applicable income taxes | $223 |
| Income before extraordinary items | $497 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $497 |
| Net charge-offs | $0 |
| Cash dividends | $497 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 1.65% |
| Cost of funding earning assets | 0.44% |
| Net interest margin | 1.21% |
| Noninterest income to earning assets | 0.00% |
| Noninterest expense to earning assets | 0.24% |
| Net operating income to assets | 0.61% |
| Return on assets (ROA) | 1.49% |
| Pretax return on assets | 2.16% |
| Return on equity (ROE) | 12.73% |
| Retained earnings to average equity (YTD only) | 12.73% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $20,163 |
| Cash dividends to net income (YTD only) | 0.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.00% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 0.00% |
| Equity capital to assets | 0.00% |
| Core capital (leverage) ratio | 11.56% |
| Tier 1 risk-based capital ratio | 12.08% |
| Total risk-based capital ratio | 52.05% |
| Memoranda | |
| Average assets | $52 |
| Average earning assets | $33,388 |
| Average equity | $3,905 |
| Average loans | $30,345 |
| 1 New York Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4780 | Wsb Municipal Bank | 111 Clinton Street, Watertown, NY 13601 | April 24, 1913 | Full Service Brick and Mortar |  |
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