FDIC Certificate #: 27917 Status: Inactive Closing history: Change in Entity Type Acquiring institution:Firstmerit Bank, National Association (#13675) Federal Reserve ID: 683672 Date Established: January 01, 1887 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 541 FDIC's unique #: 40751 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: May 23, 1936 Last Structure Change Effective Date: Febuary 12, 1999 Last Structure Change Process Date: June 04, 1999 Last Data Update: June 04, 1999 Data Source Date: April 05, 2012
Location
Address: 25 North Mill Street, New Castle, PA 16103 County: Lawrence Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Chicago FDIC Field Office: Wexford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430) Core Based Statistical Area (CBSA): New Castle, PA (#35260) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Name Change
Change in Primary Regulatory Agency
Change in Entity Type
Financial Summary
Total assets: $426.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
90Total employees (full-time equivalent)
$426,899Total assets
$21,974Cash and due from depository institutions
$20,060Interest-bearing balances
$114,060Securities
$55,309Federal funds sold & reverse repurchase agreements
$223,649Net loans & leases
$2,852Loan loss allowance
$0Trading account assets
$4,567Bank premises and fixed assets
$790Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,550All other assets
$426,899Total liabilities and capital
$381,696Total liabilities
$306,929Total deposits
$300,286Interest-bearing deposits
$306,929Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$72,320Other borrowed funds
$0Subordinated debt
$2,447All other liabilities
$45,203Total equity capital
$45,203Total bank equity capital
$45,203Perpetual preferred stock
$0Common stock
$10Surplus
$13,480Undivided profits
Memoranda
$31,713Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,575Earning assets
$0Long-term assets (5+ years)
$1,189Average Assets, year-to-date
$413,078Average Assets, quarterly
$0Volatile liabilities
$399,491Insider loans
$413,499FHLB advances
$128,843Loans and leases held for sale
$1,067Unused loan commitments
$71,466Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,662Total unused commitments
$0Restructured Loans and leases
$197,937Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$28,082Total interest income
$16,700Total interest expense
$11,382Net interest income
$1,719Provision for loan and lease losses
$3,792Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,792Additional noninterest income
$10,527Total noninterest expense
$3,140Salaries and employee benefits
$741Premises and equipment expense
$6,646Additional noninterest expense
$2,928Pre-tax net operating income
$1,316Securities gains (losses)
$1,429Applicable income taxes
$2,815Income before extraordinary items
$0Extraordinary gains - net
$2,815Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,778Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.30%Yield on earning assets
4.34%Cost of funding earning assets
2.96%Net interest margin
0.99%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
0.49%Net operating income to assets
0.70%Return on assets (ROA)
1.06%Pretax return on assets
6.76%Return on equity (ROE)
6.76%Retained earnings to average equity (YTD only)
0.71%Net charge-offs to loans
96.68%Credit loss provision to net charge-offs
2.61%Efficiency ratio
69,375Assets per employee
4.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
181.08%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.70%Net loans and leases to deposits
72.87%Net loans and leases to core deposits
89.31%Equity capital to assets
10.59%Core capital (leverage) ratio
10.27%Tier 1 risk-based capital ratio
22.06%Total risk-based capital ratio
Memoranda
$23Average assets
$399,491Average earning assets
$41,665Average equity
$384,514Average loans
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