FDIC Certificate #: 14530 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Pennsylvania (#7888) Federal Reserve ID: 151818 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 15 (Interstate: No) OTS Docket #: 10061 FDIC's unique #: 9080 Numeric code: 13 Regulator: FED 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 25, 1934 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: January 04, 2011 Last Data Update: January 04, 2011 Data Source Date: April 05, 2012
Location
Address: 125 North State Street, Clarks Summit, PA 18411 County: Lackawanna 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): Scranton--Wilkes-Barre--Hazleton, PA (#7560) Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540) CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
Financial Summary
Total assets: $619.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
176Total employees (full-time equivalent)
$619,394Total assets
$24,522Cash and due from depository institutions
$19,290Interest-bearing balances
$114,309Securities
$13,519Federal funds sold & reverse repurchase agreements
$432,713Net loans & leases
$12,558Loan loss allowance
$0Trading account assets
$11,029Bank premises and fixed assets
$3,779Other real estate owned
$1,016Goodwill and other intangibles
$0Life insurance assets
$18,507All other assets
$619,394Total liabilities and capital
$572,000Total liabilities
$561,796Total deposits
$502,252Interest-bearing deposits
$561,796Deposits held in domestic offices
75.91%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8,000Subordinated debt
$2,204All other liabilities
$47,394Total equity capital
$47,394Total bank equity capital
$47,394Perpetual preferred stock
$0Common stock
$988Surplus
$2,601Undivided profits
Memoranda
$43,805Noncurrent loans and leases
$99,911Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,121Earning assets
$0Long-term assets (5+ years)
$2,002Average Assets, year-to-date
$579,831Average Assets, quarterly
$179,917Volatile liabilities
$638,310Insider loans
$633,027FHLB advances
$68,463Loans and leases held for sale
$9,869Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$99,911Total unused commitments
$617Restructured Loans and leases
$13,945Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$28,245Total interest income
$9,565Total interest expense
$18,680Net interest income
$1,900Provision for loan and lease losses
$4,236Total noninterest income
$249Fiduciary activities
$1,857Service charges on deposit accounts
$0Trading account gains & fees
$2,130Additional noninterest income
$20,716Total noninterest expense
$8,600Salaries and employee benefits
$2,343Premises and equipment expense
$9,773Additional noninterest expense
$300Pre-tax net operating income
$361Securities gains (losses)
-$1,963Applicable income taxes
$2,624Income before extraordinary items
$0Extraordinary gains - net
$2,624Net income attributable to bank
$0Net charge-offs
$2,624Cash dividends
$6,804Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.61%Cost of funding earning assets
3.14%Net interest margin
0.71%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.35%Net operating income to assets
0.41%Return on assets (ROA)
0.10%Pretax return on assets
5.62%Return on equity (ROE)
5.62%Retained earnings to average equity (YTD only)
1.48%Net charge-offs to loans
27.92%Credit loss provision to net charge-offs
0.32%Efficiency ratio
90,400Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
73.35%Noncurrent assets plus other real estate owned to assets
3.37%Noncurrent loans to loans
3.85%Net loans and leases to deposits
77.02%Net loans and leases to core deposits
87.71%Equity capital to assets
7.65%Core capital (leverage) ratio
7.26%Tier 1 risk-based capital ratio
9.86%Total risk-based capital ratio
Memoranda
$13Average assets
$638,310Average earning assets
$46,720Average equity
$594,151Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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