First Federal Savings Bank of Kane in Kane, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 1996

First Federal Savings Bank of Kane in Kane, Pennsylvania (PA)
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First Federal Savings Bank of Kane - Overview

General
FDIC Certificate #: 29859
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northwest Savings Bank (#28178)
Federal Reserve ID: 994079
Date Established: January 01, 1928
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4219
FDIC's unique #: 42693
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: November 26, 1937
Last Structure Change Effective Date: March 30, 1996
Last Structure Change Process Date: April 18, 1996
Last Data Update: April 18, 1996
Data Source Date: April 05, 2012
Location
Address: 56 Fraley Street, Kane, PA 16735
County: Mckean
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): Bradford, PA (#14620)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $47.5 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$22Total assets
$47,542Cash and due from depository institutions
$2,024Interest-bearing balances
$1,563Securities
$10,919Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$32,692Loan loss allowance
$515Trading account assets
$0Bank premises and fixed assets
$549Other real estate owned
$191Goodwill and other intangibles
$1,167Life insurance assets
$0All other assets
$0Total liabilities and capital
$47,542Total liabilities
$42,768Total deposits
$38,133Interest-bearing deposits
$37,716Deposits held in domestic offices
38133.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,459Subordinated debt
$0All other liabilities
$176Total equity capital
$176Total bank equity capital
$4,774Perpetual preferred stock
$0Common stock
$21Surplus
$1,766Undivided profits
Memoranda
$2,987Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$447Income earned, not collected on loans
$232Earning assets
$45,174Long-term assets (5+ years)
$0Average Assets, year-to-date
$48,437Average Assets, quarterly
$48,135Volatile liabilities
$5,723Insider loans
$256FHLB advances
$4,459Loans and leases held for sale
$0Unused loan commitments
$263Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,562Total risk weighted assets
$24,107Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,426Total interest expense
$1,858Net interest income
$1,568Provision for loan and lease losses
$0Total noninterest income
$85Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$85Total noninterest expense
$1,550Salaries and employee benefits
$697Premises and equipment expense
$306Additional noninterest expense
$547Pre-tax net operating income
$103Securities gains (losses)
$0Applicable income taxes
$9Income before extraordinary items
$94Extraordinary gains - net
$0Net income attributable to bank
$94Net charge-offs
-$36Cash dividends
$0Sale, 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
7.42%Cost of funding earning assets
4.02%Net interest margin
3.39%Noninterest income to earning assets
0.18%Noninterest expense to earning assets
3.36%Net operating income to assets
0.19%Return on assets (ROA)
0.19%Pretax return on assets
0.21%Return on equity (ROE)
2.02%Retained earnings to average equity (YTD only)
2.02%Net charge-offs to loans
-0.11%Credit loss provision to net charge-offs
0.00%Efficiency ratio
93,769Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
115.21%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
1.35%Net loans and leases to deposits
85.73%Net loans and leases to core deposits
88.67%Equity capital to assets
10.04%Core capital (leverage) ratio
9.65%Tier 1 risk-based capital ratio
18.92%Total risk-based capital ratio
Memoranda
$20Average assets
$48,437Average earning assets
$4,643Average equity
$46,186Average loans

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