Citizens Bank and Trust Company in Palmerton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 28, 2000

Citizens Bank and Trust Company in Palmerton, Pennsylvania (PA)
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Citizens Bank and Trust Company - Overview

General
FDIC Certificate #: 6049
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens National Bank (#7558)
Federal Reserve ID: 185112
Date Established: December 28, 1928
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 4084
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 28, 2000
Last Structure Change Process Date: June 16, 2000
Last Data Update: June 16, 2000
Data Source Date: April 05, 2012
Location
Address: 372 Delaware Avenue, Palmerton, PA 18071
County: Carbon
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Philadelphia
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Allentown-Bethlehem-Easton, PA (#240)
Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
Financial Summary
Total assets: $131.8 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
50Total employees (full-time equivalent)
$131,988Total assets
$9,614Cash and due from depository institutions
$2,114Interest-bearing balances
$55,665Securities
$6,600Federal funds sold & reverse repurchase agreements
$56,160Net loans & leases
$680Loan loss allowance
$0Trading account assets
$1,500Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,449All other assets
$131,988Total liabilities and capital
$114,985Total liabilities
$110,181Total deposits
$97,263Interest-bearing deposits
$110,181Deposits held in domestic offices
0.00%% insured (estimated)
$2,061Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,218Other borrowed funds
$0Subordinated debt
$1,525All other liabilities
$17,003Total equity capital
$17,003Total bank equity capital
$17,003Perpetual preferred stock
$0Common stock
$277Surplus
$5,822Undivided profits
Memoranda
$10,904Noncurrent loans and leases
$5,118Noncurrent 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)
$209Average Assets, year-to-date
$120,539Average Assets, quarterly
$62,073Volatile liabilities
$130,696Insider loans
$132,138FHLB advances
$10,781Loans and leases held for sale
$494Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,118Total unused commitments
$0Restructured Loans and leases
$680Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$8,049Total interest income
$3,776Total interest expense
$4,273Net interest income
$246Provision for loan and lease losses
$419Total noninterest income
$13Fiduciary activities
$190Service charges on deposit accounts
$0Trading account gains & fees
$216Additional noninterest income
$3,537Total noninterest expense
$1,920Salaries and employee benefits
$479Premises and equipment expense
$1,138Additional noninterest expense
$909Pre-tax net operating income
$24Securities gains (losses)
$42Applicable income taxes
$891Income before extraordinary items
$0Extraordinary gains - net
$891Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$106Sale, conversion, retirement of capital stock, net
$887Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
3.07%Cost of funding earning assets
3.48%Net interest margin
0.34%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
0.66%Net operating income to assets
0.68%Return on assets (ROA)
0.71%Pretax return on assets
4.99%Return on equity (ROE)
0.02%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
232.08%Credit loss provision to net charge-offs
10.90%Efficiency ratio
75,384Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.55%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
229.73%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.52%Net loans and leases to deposits
50.97%Net loans and leases to core deposits
54.69%Equity capital to assets
12.88%Core capital (leverage) ratio
13.94%Tier 1 risk-based capital ratio
28.44%Total risk-based capital ratio
Memoranda
$30Average assets
$130,696Average earning assets
$17,846Average equity
$122,802Average loans

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