Farmers & Merchants Bank in Honesdale, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1996

Farmers & Merchants Bank in Honesdale, Pennsylvania (PA)
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Farmers & Merchants Bank - Overview

General
FDIC Certificate #: 12987
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens National Bank (#7558)
Federal Reserve ID: 526210
Date Established: August 24, 1923
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 10612
FDIC's unique #: 8209
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: March 01, 1996
Last Structure Change Process Date: March 08, 1996
Last Data Update: March 08, 1996
Data Source Date: April 05, 2012
Location
Address: 1001 Main Street, Honesdale, PA 18431
County: Wayne
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
Financial Summary
Total assets: $63.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$63,199Cash and due from depository institutions
$1,781Interest-bearing balances
$1,356Securities
$30,062Federal funds sold & reverse repurchase agreements
$3,395Net loans & leases
$26,100Loan loss allowance
$217Trading account assets
$0Bank premises and fixed assets
$907Other real estate owned
$204Goodwill and other intangibles
$750Life insurance assets
$0All other assets
$0Total liabilities and capital
$63,199Total liabilities
$54,353Total deposits
$53,281Interest-bearing deposits
$49,106Deposits held in domestic offices
53281.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,072Total equity capital
$1,072Total bank equity capital
$8,846Perpetual preferred stock
$0Common stock
$1,440Surplus
$2,400Undivided profits
Memoranda
$5,006Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$155Income earned, not collected on loans
$153Earning assets
$60,913Long-term assets (5+ years)
$11,663Average Assets, year-to-date
$63,951Average Assets, quarterly
$64,377Volatile liabilities
$1,539Insider loans
$1,481FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,851Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,534Total risk weighted assets
$26,640Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,169Total interest expense
$1,958Net interest income
$2,211Provision for loan and lease losses
$12Total noninterest income
$108Fiduciary activities
$0Service charges on deposit accounts
$24Trading account gains & fees
$0Additional noninterest income
$84Total noninterest expense
$1,381Salaries and employee benefits
$678Premises and equipment expense
$175Additional noninterest expense
$528Pre-tax net operating income
$926Securities gains (losses)
$0Applicable income taxes
$274Income before extraordinary items
$652Extraordinary gains - net
$0Net income attributable to bank
$652Net charge-offs
$11Cash dividends
$269Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.75%Cost of funding earning assets
3.17%Net interest margin
3.58%Noninterest income to earning assets
0.17%Noninterest expense to earning assets
2.24%Net operating income to assets
1.02%Return on assets (ROA)
1.02%Pretax return on assets
1.45%Return on equity (ROE)
7.89%Retained earnings to average equity (YTD only)
4.63%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
109.09%Efficiency ratio
59,552Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.26%Loss allowance to loans
0.82%Loss allowance to noncurrent loans
140.00%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.59%Net loans and leases to deposits
48.99%Net loans and leases to core deposits
50.44%Equity capital to assets
14.00%Core capital (leverage) ratio
11.74%Tier 1 risk-based capital ratio
28.28%Total risk-based capital ratio
Memoranda
$29Average assets
$63,951Average earning assets
$8,267Average equity
$61,741Average loans

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