FDIC Certificate #: 17766 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Centra Bank, Inc. (#35364) Federal Reserve ID: 212120 Date Established: January 01, 1925 WWW:http://www.smithfieldstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 11720 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: June 04, 1957 Last Structure Change Effective Date: January 29, 2007 Last Structure Change Process Date: Febuary 16, 2007 Last Data Update: Febuary 16, 2007 Data Source Date: April 05, 2012
Location
Address: 69 Main Street, Smithfield, PA 15478 County: Fayette Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Atlanta FDIC Field Office: Wexford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Pittsburgh, PA (#6280) Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430) Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300) CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
Financial Summary
Total assets: $249.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
50Total employees (full-time equivalent)
$249,092Total assets
$5,381Cash and due from depository institutions
$108Interest-bearing balances
$78,501Securities
$37,908Federal funds sold & reverse repurchase agreements
$107,857Net loans & leases
$2,756Loan loss allowance
$0Trading account assets
$1,408Bank premises and fixed assets
$10Other real estate owned
$16,271Goodwill and other intangibles
$0Life insurance assets
$1,756All other assets
$249,092Total liabilities and capital
$219,792Total liabilities
$217,554Total deposits
$189,370Interest-bearing deposits
$217,554Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,238All other liabilities
$29,300Total equity capital
$29,300Total bank equity capital
$29,300Perpetual preferred stock
$0Common stock
$180Surplus
$27,819Undivided profits
Memoranda
$1,301Noncurrent loans and leases
$6,315Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$296Earning assets
$0Long-term assets (5+ years)
$1,517Average Assets, year-to-date
$224,374Average Assets, quarterly
$83,324Volatile liabilities
$236,812Insider loans
$241,849FHLB advances
$40,410Loans and leases held for sale
$210Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,315Total unused commitments
$0Restructured Loans and leases
$1,669Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,899Total interest income
$2,711Total interest expense
$4,188Net interest income
$5Provision for loan and lease losses
$419Total noninterest income
$0Fiduciary activities
$233Service charges on deposit accounts
$0Trading account gains & fees
$186Additional noninterest income
$3,046Total noninterest expense
$1,327Salaries and employee benefits
$290Premises and equipment expense
$1,429Additional noninterest expense
$1,556Pre-tax net operating income
$0Securities gains (losses)
$633Applicable income taxes
$923Income before extraordinary items
$0Extraordinary gains - net
$923Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$80Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.13%Yield on earning assets
1.23%Cost of funding earning assets
1.90%Net interest margin
0.19%Noninterest income to earning assets
1.38%Noninterest expense to earning assets
0.39%Net operating income to assets
0.39%Return on assets (ROA)
0.66%Pretax return on assets
4.40%Return on equity (ROE)
4.40%Retained earnings to average equity (YTD only)
-0.11%Net charge-offs to loans
-6.25%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,117Assets per employee
4.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
931.08%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.27%Net loans and leases to deposits
49.58%Net loans and leases to core deposits
60.89%Equity capital to assets
11.76%Core capital (leverage) ratio
5.67%Tier 1 risk-based capital ratio
9.55%Total risk-based capital ratio
Memoranda
$11Average assets
$236,812Average earning assets
$20,969Average equity
$220,247Average loans
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