FDIC Certificate #: 30609 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Farmers National Bank of Emlenton (#7875) Federal Reserve ID: 599175 Date Established: January 01, 1891 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 5630 FDIC's unique #: 43443 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: April 13, 1953 Last Structure Change Effective Date: August 31, 1998 Last Structure Change Process Date: September 23, 1998 Last Data Update: September 23, 1998 Data Source Date: April 05, 2012
Location
Address: 173 Main Street, Ridgway, PA 15853 County: Elk 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 Core Based Statistical Area (CBSA): St. Marys, PA (#41260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $44.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
13Total employees (full-time equivalent)
$44,515Total assets
$1,934Cash and due from depository institutions
$1,816Interest-bearing balances
$9,507Securities
$0Federal funds sold & reverse repurchase agreements
$32,541Net loans & leases
$256Loan loss allowance
$0Trading account assets
$57Bank premises and fixed assets
$54Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$422All other assets
$44,515Total liabilities and capital
$35,977Total liabilities
$35,850Total deposits
$35,089Interest-bearing deposits
$35,850Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$127All other liabilities
$8,538Total equity capital
$8,538Total bank equity capital
$8,538Perpetual preferred stock
$0Common stock
$10Surplus
$2,830Undivided profits
Memoranda
$5,698Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$736Earning assets
$0Long-term assets (5+ years)
$166Average Assets, year-to-date
$43,864Average Assets, quarterly
$26,923Volatile liabilities
$44,603Insider loans
$44,281FHLB advances
$3,812Loans and leases held for sale
$529Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,102Total unused commitments
$0Restructured Loans and leases
$21,927Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,378Total interest income
$1,679Total interest expense
$1,699Net interest income
$30Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$25Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$1,029Total noninterest expense
$563Salaries and employee benefits
$45Premises and equipment expense
$421Additional noninterest expense
$681Pre-tax net operating income
$0Securities gains (losses)
$305Applicable income taxes
$376Income before extraordinary items
$0Extraordinary gains - net
$376Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.70%Yield on earning assets
3.83%Cost of funding earning assets
3.87%Net interest margin
0.09%Noninterest income to earning assets
2.35%Noninterest expense to earning assets
0.84%Net operating income to assets
0.84%Return on assets (ROA)
1.53%Pretax return on assets
4.51%Return on equity (ROE)
4.51%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
230.77%Credit loss provision to net charge-offs
54.69%Efficiency ratio
59,138Assets per employee
3.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
34.78%Noncurrent assets plus other real estate owned to assets
1.77%Noncurrent loans to loans
2.24%Net loans and leases to deposits
90.77%Net loans and leases to core deposits
101.57%Equity capital to assets
19.18%Core capital (leverage) ratio
19.35%Tier 1 risk-based capital ratio
38.94%Total risk-based capital ratio
Memoranda
$40Average assets
$44,603Average earning assets
$8,339Average equity
$43,864Average loans
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