Elk County Savings and Loan Association - Overview
General
FDIC Certificate #: 31353 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Farmers National Bank of Emlenton (#7875) Federal Reserve ID: 976075 Date Established: January 01, 1925 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6789 FDIC's unique #: 44187 Numeric code: 36 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 06, 1963 Last Structure Change Effective Date: October 17, 2008 Last Structure Change Process Date: November 05, 2008 Last Data Update: November 05, 2008 Data Source Date: April 05, 2012
Location
Address: 210 Main St, Ridgway, PA 15853 County: Elk Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Wexford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Core Based Statistical Area (CBSA): St. Marys, PA (#41260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $9.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
2Total employees (full-time equivalent)
$10,353Total assets
$981Cash and due from depository institutions
$905Interest-bearing balances
$1,590Securities
$0Federal funds sold & reverse repurchase agreements
$7,668Net loans & leases
$74Loan loss allowance
$0Trading account assets
$13Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$101All other assets
$10,348Total liabilities and capital
$7,966Total liabilities
$7,960Total deposits
$7,960Interest-bearing deposits
$7,960Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$6All other liabilities
$2,382Total equity capital
$2,382Total bank equity capital
$2,382Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,382Noncurrent loans and leases
$38Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$98Earning assets
$0Long-term assets (5+ years)
$47Average Assets, year-to-date
$10,163Average Assets, quarterly
$0Volatile liabilities
$10,324Insider loans
$10,329FHLB advances
$2,040Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38Total unused commitments
$0Restructured Loans and leases
$63Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$618Total interest income
$272Total interest expense
$346Net interest income
-$21Provision for loan and lease losses
-$13Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$13Additional noninterest income
$308Total noninterest expense
$146Salaries and employee benefits
$68Premises and equipment expense
$94Additional noninterest expense
$46Pre-tax net operating income
$0Securities gains (losses)
$19Applicable income taxes
$27Income before extraordinary items
$0Extraordinary gains - net
$27Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.20%Yield on earning assets
2.73%Cost of funding earning assets
3.47%Net interest margin
-0.13%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.45%Pretax return on assets
1.14%Return on equity (ROE)
1.14%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
-2100.00%Credit loss provision to net charge-offs
25.00%Efficiency ratio
92,492Assets per employee
5.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
75.51%Noncurrent assets plus other real estate owned to assets
0.95%Noncurrent loans to loans
1.27%Net loans and leases to deposits
96.33%Net loans and leases to core deposits
129.53%Equity capital to assets
23.01%Core capital (leverage) ratio
23.00%Tier 1 risk-based capital ratio
47.69%Total risk-based capital ratio
Memoranda
$49Average assets
$10,324Average earning assets
$2,361Average equity
$9,975Average loans
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