FDIC Certificate #: 31188 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wayne Bank (#698) Federal Reserve ID: 827971 Date Established: January 01, 1902 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 6508 FDIC's unique #: 44022 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: Febuary 20, 1961 Last Structure Change Effective Date: June 01, 2011 Last Structure Change Process Date: June 09, 2011 Last Data Update: June 09, 2011 Data Source Date: April 05, 2012
Location
Address: 216 Adams Ave, Scranton, PA 18503 County: Lackawanna 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): Scranton--Wilkes-Barre--Hazleton, PA (#7560) Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540) CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
Financial Summary
Total assets: $164.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
40Total employees (full-time equivalent)
$162,593Total assets
$2,122Cash and due from depository institutions
$344Interest-bearing balances
$14,581Securities
$16,072Federal funds sold & reverse repurchase agreements
$120,273Net loans & leases
$1,532Loan loss allowance
$0Trading account assets
$2,714Bank premises and fixed assets
$782Other real estate owned
$45Goodwill and other intangibles
$3,160Life insurance assets
$6,004All other assets
$162,593Total liabilities and capital
$144,872Total liabilities
$136,482Total deposits
$129,480Interest-bearing deposits
$136,482Deposits held in domestic offices
90.54%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$1,390All other liabilities
$17,721Total equity capital
$17,721Total bank equity capital
$17,721Perpetual preferred stock
$0Common stock
$0Surplus
$6,659Undivided profits
Memoranda
$11,062Noncurrent loans and leases
$3,608Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,264Earning assets
$0Long-term assets (5+ years)
$580Average Assets, year-to-date
$151,270Average Assets, quarterly
$48,916Volatile liabilities
$159,080Insider loans
$162,888FHLB advances
$18,322Loans and leases held for sale
$977Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,608Total unused commitments
$0Restructured Loans and leases
$1,532Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$7,807Total interest income
$2,523Total interest expense
$5,284Net interest income
$384Provision for loan and lease losses
$503Total noninterest income
$0Fiduciary activities
$107Service charges on deposit accounts
$0Trading account gains & fees
$396Additional noninterest income
$4,213Total noninterest expense
$2,450Salaries and employee benefits
$455Premises and equipment expense
$1,308Additional noninterest expense
$1,190Pre-tax net operating income
-$55Securities gains (losses)
$211Applicable income taxes
$924Income before extraordinary items
$0Extraordinary gains - net
$924Net income attributable to bank
$0Net charge-offs
$924Cash dividends
$336Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.33%Yield on earning assets
1.72%Cost of funding earning assets
3.61%Net interest margin
0.34%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
0.61%Net operating income to assets
0.58%Return on assets (ROA)
0.71%Pretax return on assets
5.33%Return on equity (ROE)
5.33%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
114.29%Credit loss provision to net charge-offs
4.68%Efficiency ratio
72,697Assets per employee
4.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
121.20%Noncurrent assets plus other real estate owned to assets
1.26%Noncurrent loans to loans
1.04%Net loans and leases to deposits
88.12%Net loans and leases to core deposits
101.79%Equity capital to assets
10.90%Core capital (leverage) ratio
10.69%Tier 1 risk-based capital ratio
13.59%Total risk-based capital ratio
Memoranda
$15Average assets
$159,080Average earning assets
$17,346Average equity
$146,368Average loans
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