FDIC Certificate #: 12291 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Penn Security Bank and Trust Company (#463) Federal Reserve ID: 180416 Date Established: January 01, 1909 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12098 FDIC's unique #: 7813 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 01, 2009 Last Structure Change Process Date: May 19, 2009 Last Data Update: May 19, 2009 Data Source Date: April 05, 2012
Location
Address: 216 South Main Street, Old Forge, PA 18518 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: $214.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
60Total employees (full-time equivalent)
$223,262Total assets
$4,275Cash and due from depository institutions
$253Interest-bearing balances
$39,347Securities
$0Federal funds sold & reverse repurchase agreements
$168,361Net loans & leases
$1,428Loan loss allowance
$0Trading account assets
$1,701Bank premises and fixed assets
$210Other real estate owned
$150Goodwill and other intangibles
$6,166Life insurance assets
$9,218All other assets
$223,262Total liabilities and capital
$189,783Total liabilities
$180,457Total deposits
$153,044Interest-bearing deposits
$180,457Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,500Other borrowed funds
$0Subordinated debt
$1,826All other liabilities
$33,479Total equity capital
$33,479Total bank equity capital
$33,479Perpetual preferred stock
$0Common stock
$1,397Surplus
$4,603Undivided profits
Memoranda
$27,479Noncurrent loans and leases
$12,952Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,886Earning assets
$0Long-term assets (5+ years)
$593Average Assets, year-to-date
$207,961Average Assets, quarterly
$82,969Volatile liabilities
$218,957Insider loans
$220,551FHLB advances
$31,609Loans and leases held for sale
$2,450Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,952Total unused commitments
$0Restructured Loans and leases
$1,428Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$11,996Total interest income
$4,408Total interest expense
$7,588Net interest income
$300Provision for loan and lease losses
$780Total noninterest income
$0Fiduciary activities
$376Service charges on deposit accounts
$0Trading account gains & fees
$404Additional noninterest income
$5,003Total noninterest expense
$2,824Salaries and employee benefits
$544Premises and equipment expense
$1,635Additional noninterest expense
$3,065Pre-tax net operating income
$20Securities gains (losses)
$565Applicable income taxes
$2,520Income before extraordinary items
$0Extraordinary gains - net
$2,520Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$740Sale, conversion, retirement of capital stock, net
$1,565Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.17%Cost of funding earning assets
3.74%Net interest margin
0.38%Noninterest income to earning assets
2.46%Noninterest expense to earning assets
1.14%Net operating income to assets
1.15%Return on assets (ROA)
1.41%Pretax return on assets
7.47%Return on equity (ROE)
2.83%Retained earnings to average equity (YTD only)
0.46%Net charge-offs to loans
40.54%Credit loss provision to net charge-offs
4.55%Efficiency ratio
59,190Assets per employee
3.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.10%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
49.48%Noncurrent assets plus other real estate owned to assets
1.39%Noncurrent loans to loans
1.70%Net loans and leases to deposits
93.30%Net loans and leases to core deposits
113.11%Equity capital to assets
15.00%Core capital (leverage) ratio
15.43%Tier 1 risk-based capital ratio
20.32%Total risk-based capital ratio
Memoranda
$21Average assets
$218,957Average earning assets
$33,723Average equity
$203,042Average loans
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