Please wait while we load the requested 10-Q report or click the link below:
The Bank is categorized as well capitalized at June 30, 2014 with a Tier 1 leverage ratio of 9.10% and a total risk-based capital ratio of 16.82%. The Company’s average equity ratio as a percent of average assets was 11.89% at June 30, 2014 compared to 13.34% at June 30, 2013.
Deposit accounts were $671.2 million at June 30, 2014, an increase of $77.5 million from June 30, 2013. The increase in total deposits from June 30, 2013, represents an increase of $14.9 million in retail deposits and an increase of $62.6 million in municipal deposits over the past twelve months. The increase in municipal deposits is related to a continuing trend of local towns, villages, cities and school districts seeking a locally-based financial institution partner. The increase in deposits was invested in securities and loans receivable.
Net loans receivable totaled $344.0 million at June 30, 2014 compared to $324.7 million at June 30, 2013. The increase in net loan balances over the past twelve months reflect the Company’s continued loan origination efforts partially offset by loan sales activity. The Company has originated and sold $9.5 million in fixed rate residential loans, which
The following information was filed by Oneida Financial Corp. (ONFC) on Thursday, July 31, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Oneida Financial Corp.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Oneida Financial Corp..