Company Performance Metrics
The Bank was organized in 1866 as a New York-chartered mutual savings bank. At
June 30, 1998, the
Bank had total assets of $217.6 million, total deposits of
$189.2 million, and retained earnings of $28.0 million. The Bank is a
community-oriented savings bank that operates from its main office and four
branch locations in Camden,
Cazenovia, Hamilton and Oneida, New York.
Historically, the Bank has emphasized the origination of loans secured by
residential real estate. In recent years, the Bank also has increased its
consumer, commercial real estate and commercial business lending. At June 30,
1998, $88.0 million, or 62.0%, of the Bank's loan portfolio consisted of loans
secured by one-to-four family real estate, $16.8 million, or 11.9%, consisted of
consumer loans, $14.5 million, or 10.2%, consisted of loans secured by
commercial real estate, and $11.6 million, or 8.1%, consisted of commercial
business loans. The Bank also invests in investment securities and
mortgage- backed securities.
