FDIC Certificate #: 31280 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Jim Thorpe National Bank (#7599) Federal Reserve ID: 364971 Date Established: January 01, 1913 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 6658 FDIC's unique #: 44114 Numeric code: 42 Regulator: FDIC 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: December 06, 1965 Last Structure Change Effective Date: December 31, 2008 Last Structure Change Process Date: January 30, 2009 Last Data Update: January 30, 2009 Data Source Date: April 05, 2012
Location
Address: 301 West Catawissa Street, Nesquehoning, PA 18240 County: Carbon 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 Metropolitan Statistical Area (MSA): Allentown-Bethlehem-Easton, PA (#240) Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900) CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
Financial Summary
Total assets: $32.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$33,654Total assets
$962Cash and due from depository institutions
$796Interest-bearing balances
$10,063Securities
$0Federal funds sold & reverse repurchase agreements
$20,591Net loans & leases
$118Loan loss allowance
$0Trading account assets
$607Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$844Life insurance assets
$1,431All other assets
$33,654Total liabilities and capital
$29,807Total liabilities
$23,844Total deposits
$22,891Interest-bearing deposits
$23,844Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,569Other borrowed funds
$0Subordinated debt
$394All other liabilities
$3,847Total equity capital
$3,847Total bank equity capital
$3,847Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$3,847Noncurrent loans and leases
$1,264Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$217Earning assets
$0Long-term assets (5+ years)
$165Average Assets, year-to-date
$31,450Average Assets, quarterly
$26,308Volatile liabilities
$31,872Insider loans
$33,578FHLB advances
$5,017Loans and leases held for sale
$459Unused loan commitments
$5,569Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,264Total unused commitments
$0Restructured Loans and leases
$118Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,769Total interest income
$1,045Total interest expense
$724Net interest income
$0Provision for loan and lease losses
$66Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$681Total noninterest expense
$334Salaries and employee benefits
$81Premises and equipment expense
$266Additional noninterest expense
$109Pre-tax net operating income
$0Securities gains (losses)
$6Applicable income taxes
$103Income before extraordinary items
$0Extraordinary gains - net
$103Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.96%Yield on earning assets
3.52%Cost of funding earning assets
2.44%Net interest margin
0.22%Noninterest income to earning assets
2.29%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.34%Pretax return on assets
2.73%Return on equity (ROE)
2.73%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,203Assets per employee
4.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.57%Loss allowance to noncurrent loans
54.38%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
1.05%Net loans and leases to deposits
86.36%Net loans and leases to core deposits
109.37%Equity capital to assets
11.43%Core capital (leverage) ratio
11.31%Tier 1 risk-based capital ratio
21.51%Total risk-based capital ratio
Memoranda
$22Average assets
$31,872Average earning assets
$3,767Average equity
$29,677Average loans
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