Oneida Savings

Oneida Savings was established on April 1, 1866.  The bank is a community bank engaged primarily in the business of accepting deposits from customers and using those deposits, together with funds generated from operations and borrowing proceeds, to make one- to four-family residential and commercial real estate loans, commercial business loans, consumer loans and to invest in mortgage backed and other investment securities.  The bank also sells insurance and other commercial services and products through its insurance agency subsidiary.  The bank operates twelve full-service banking offices in Madison, Oneida and Onondaga counties.  The Oneida Savings Bank has been FDIC insured since July 1, 1943.  The Oneida Savings Bank is chartered as a FDIC Savings Bank.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

As of December 2008, the bank had total assets of $540,150,000 and total deposits of $425,798,000.  Net income for all of 2008 was a loss of -$1,600,000.  The bank has approximately 314 total full-time equivalent employees.  

Oneida Savings most recent performance ratios.
As of December 31, 2008:

Yield on earning assets 5.99% 
Cost of funding earning assets 2.48% 
Net interest margin 3.51%
Return on equity (ROE) -2.88%
Return on assets (ROA) -0.30%
Total employees (full-time equivalent) 314
Noncurrent loans to loans 0.17%
Equity capital to assets 9.81% 
Core capital (leverage) ratio 6.64% 
Tier 1 risk-based capital ratio 9.49% 
Total risk-based capital ratio 10.21%

Oneida Savings bank products and services:

The company offers various deposit accounts, including savings, interest-bearing demand accounts, non interest-bearing checking accounts, money market accounts, and certificates of deposit.  It also offers individual retirement accounts and other qualified plan accounts.  The banks loan portfolio comprises one-to-four family residential mortgage loans; home equity loans; commercial business loans; commercial real estate loans; and consumer loans, such as automobile loans, mobile home loans, secured personal loans, passbook loans, unsecured home improvement loans, and recreational vehicle loans.  The bank also provides trust and investment services, including money management and custodial services; and contribution and benefit plans, actuarial services, investment management, estate planning, and human resource management services.  In addition, the company offers personal and commercial property insurance, life insurance, pension plan services, mutual funds, and annuity sales.

Oneida Financial Corp. (Nasdaq: ONFC), is the parent company of Oneida Savings Bank.  Oneida Financial Corp. wholly owned subsidiaries include; Oneida Savings Bank, a New York State chartered FDIC insured stock savings bank, State Bank of Chittenango, a state chartered limited-purpose commercial bank, Bailey, Haskell & LaLonde Agency, an insurance and financial services company and Benefit Consulting Group, an employee benefits consulting and retirement plan administration firm.

Oneida Savings branch bank locations:

Main Office:
182 Main Street
Oneida, NY 13421
(315) 363-2000

Convenience Office:
585 Main Street
Oneida, NY 13421
(315) 363-3335

Cazenovia Office:
48 Albany Street
Cazenovia, NY 13035
(315) 655-3402

Hamilton Office:
35 Broad Street
Hamilton, NY 13346
(315) 824-2800

Camden Office:
41 Harden Blvd.
Camden, NY 13316
(315) 245-4200

Canastota Office:
104 S. Peterboro Street
Canastota, NY 13032
(315) 697-7450

Chittenango Office:
519 Genesee St.
Chittenango, NY 13037
(315) 687-3921

Bridgeport Office:
Corner of Route 298 and Route 31
Bridgeport, NY 13030
(315) 633-8256

Griffiss Park Office:
160 Brooks Road
Rome, NY 13441
(315) 339-2000

Vernon Office:
5238 W. Seneca Street
Vernon, NY 13476
(315) 829-2405

Westmoreland Office:
4675 State Route 233
Westmoreland, NY 13490
(315) 853-1226

South Utica Office:
2711 Genesee Street
Utica, NY 13501
(315) 733-6960

Oneida Savings web address: www.oneidabank.com

Tags: bank, bank assets, bank income, certificate of deposit, checking accounts, FDIC, money market accounts, New York bank, Oneida Savings, performance ratios, savings

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