FDIC Certificate #: 58065 Status: Inactive Closing history: Corrections Acquiring institution:Evans Bank, National Association (#6947) Federal Reserve ID: 3380066 Date Established: Febuary 26, 2007 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 438760 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 26, 2007 Last Structure Change Effective Date: July 24, 2009 Last Structure Change Process Date: July 27, 2009 Last Data Update: July 27, 2009 Data Source Date: April 05, 2012
Location
Address: 8411 Main Street, Williamsville, NY 14221 County: Erie 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): Buffalo-Niagara Falls, NY (#1280) Combined Statistical Area (CSA): Buffalo-Niagara-Cattaraugus, NY (#160) Core Based Statistical Area (CBSA): Buffalo-Niagara Falls, NY (#15380) CBSA Metro Statistical Area: Buffalo-Niagara Falls, NY (#15380)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $55.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
16Total employees (full-time equivalent)
$60,405Total assets
$1,516Cash and due from depository institutions
$0Interest-bearing balances
$2,679Securities
$8,375Federal funds sold & reverse repurchase agreements
$44,197Net loans & leases
$479Loan loss allowance
$0Trading account assets
$3,244Bank premises and fixed assets
$0Other real estate owned
$45Goodwill and other intangibles
$0Life insurance assets
$349All other assets
$60,405Total liabilities and capital
$59,205Total liabilities
$58,439Total deposits
$56,298Interest-bearing deposits
$58,439Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$766All other liabilities
$1,200Total equity capital
$1,200Total bank equity capital
$1,200Perpetual preferred stock
$0Common stock
$5,000Surplus
$4,360Undivided profits
Memoranda
$-8,160Noncurrent loans and leases
$7,485Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$814Earning assets
$0Long-term assets (5+ years)
$168Average Assets, year-to-date
$55,251Average Assets, quarterly
$26,973Volatile liabilities
$54,333Insider loans
$57,110FHLB advances
$16,168Loans and leases held for sale
$413Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,485Total unused commitments
$0Restructured Loans and leases
$479Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,362Total interest income
$1,785Total interest expense
$577Net interest income
$427Provision for loan and lease losses
$49Total noninterest income
$0Fiduciary activities
$25Service charges on deposit accounts
$0Trading account gains & fees
$24Additional noninterest income
$4,092Total noninterest expense
$1,714Salaries and employee benefits
$413Premises and equipment expense
$1,965Additional noninterest expense
-$3,893Pre-tax net operating income
-$57Securities gains (losses)
$1,224Applicable income taxes
-$5,174Income before extraordinary items
$0Extraordinary gains - net
-$5,174Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
3.77%Cost of funding earning assets
1.22%Net interest margin
0.10%Noninterest income to earning assets
8.64%Noninterest expense to earning assets
-9.42%Net operating income to assets
-9.52%Return on assets (ROA)
-7.27%Pretax return on assets
-110.54%Return on equity (ROE)
-110.54%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
431.31%Credit loss provision to net charge-offs
-35.01%Efficiency ratio
653,674Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
58.85%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
1.82%Net loans and leases to deposits
75.63%Net loans and leases to core deposits
104.56%Equity capital to assets
1.99%Core capital (leverage) ratio
2.04%Tier 1 risk-based capital ratio
2.63%Total risk-based capital ratio
Memoranda
$4Average assets
$54,333Average earning assets
$4,681Average equity
$47,335Average loans
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