First National Bank at Gallitzin in Gallitzin, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1994

First National Bank at Gallitzin in Gallitzin, Pennsylvania (PA)
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First National Bank at Gallitzin - Overview

General
FDIC Certificate #: 14465
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mainline National Bank (#16171)
Federal Reserve ID: 270410
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 9037
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: June 15, 1934
Last Structure Change Effective Date: July 01, 1994
Last Structure Change Process Date: July 11, 1994
Last Data Update: July 11, 1994
Data Source Date: April 05, 2012
Location
Address: 701 Main Street, Gallitzin, PA 16641
County: Cambria
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
Metropolitan Statistical Area (MSA): Johnstown, PA (#3680)
Core Based Statistical Area (CBSA): Johnstown, PA (#27780)
CBSA Metro Statistical Area: Johnstown, PA (#27780)
Financial Summary
Total assets: $15.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$15,435Cash and due from depository institutions
$881Interest-bearing balances
$297Securities
$4,898Federal funds sold & reverse repurchase agreements
$2,266Net loans & leases
$6,718Loan loss allowance
$91Trading account assets
$0Bank premises and fixed assets
$323Other real estate owned
$189Goodwill and other intangibles
$160Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,435Total liabilities
$13,950Total deposits
$13,871Interest-bearing deposits
$11,601Deposits held in domestic offices
13871.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$79Total equity capital
$79Total bank equity capital
$1,485Perpetual preferred stock
$0Common stock
$138Surplus
$330Undivided profits
Memoranda
$1,017Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$103Income earned, not collected on loans
$46Earning assets
$14,179Long-term assets (5+ years)
$4,318Average Assets, year-to-date
$14,744Average Assets, quarterly
$15,251Volatile liabilities
$901Insider loans
$41FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,485Total risk weighted assets
$6,503Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$996Total interest expense
$343Net interest income
$653Provision for loan and lease losses
$17Total noninterest income
$46Fiduciary activities
$0Service charges on deposit accounts
$29Trading account gains & fees
$0Additional noninterest income
$17Total noninterest expense
$553Salaries and employee benefits
$261Premises and equipment expense
$69Additional noninterest expense
$223Pre-tax net operating income
$129Securities gains (losses)
$0Applicable income taxes
$36Income before extraordinary items
$93Extraordinary gains - net
$13Net income attributable to bank
$106Net charge-offs
$12Cash dividends
$22Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.35%Cost of funding earning assets
2.53%Net interest margin
4.82%Noninterest income to earning assets
0.34%Noninterest expense to earning assets
4.08%Net operating income to assets
0.63%Return on assets (ROA)
0.72%Pretax return on assets
0.96%Return on equity (ROE)
7.33%Retained earnings to average equity (YTD only)
5.81%Net charge-offs to loans
0.20%Credit loss provision to net charge-offs
141.67%Efficiency ratio
79,113Assets per employee
1.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.75%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
88.35%Noncurrent assets plus other real estate owned to assets
1.89%Noncurrent loans to loans
1.51%Net loans and leases to deposits
48.43%Net loans and leases to core deposits
51.80%Equity capital to assets
9.62%Core capital (leverage) ratio
10.35%Tier 1 risk-based capital ratio
22.83%Total risk-based capital ratio
Memoranda
$24Average assets
$14,744Average earning assets
$1,447Average equity
$13,558Average loans

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