Pioneer American Bank, National Association - Overview
General
FDIC Certificate #: 7423 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pennstar Bank, National Association (#7549) Federal Reserve ID: 833217 Date Established: May 01, 1864 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) OTS Docket #: 12305 FDIC's unique #: 4835 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 09, 2000 Last Structure Change Process Date: December 28, 2000 Last Data Update: December 28, 2000 Data Source Date: April 05, 2012
Location
Address: 41 North Main Street, Carbondale, PA 18407 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: $422.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
179Total employees (full-time equivalent)
$418,170Total assets
$15,178Cash and due from depository institutions
$0Interest-bearing balances
$148,746Securities
$0Federal funds sold & reverse repurchase agreements
$241,156Net loans & leases
$3,057Loan loss allowance
$0Trading account assets
$6,267Bank premises and fixed assets
$576Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,247All other assets
$418,170Total liabilities and capital
$387,307Total liabilities
$299,603Total deposits
$254,721Interest-bearing deposits
$299,603Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$84,095Other borrowed funds
$0Subordinated debt
$3,609All other liabilities
$30,863Total equity capital
$30,863Total bank equity capital
$30,863Perpetual preferred stock
$0Common stock
$2,677Surplus
$7,328Undivided profits
Memoranda
$20,858Noncurrent loans and leases
$16,537Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,520Earning assets
$0Long-term assets (5+ years)
$1,271Average Assets, year-to-date
$389,902Average Assets, quarterly
$259,779Volatile liabilities
$419,105Insider loans
$419,705FHLB advances
$45,764Loans and leases held for sale
$4,579Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,537Total unused commitments
$437Restructured Loans and leases
$3,057Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$29,387Total interest income
$14,898Total interest expense
$14,489Net interest income
$370Provision for loan and lease losses
$2,745Total noninterest income
$0Fiduciary activities
$2,257Service charges on deposit accounts
$0Trading account gains & fees
$488Additional noninterest income
$10,912Total noninterest expense
$5,291Salaries and employee benefits
$2,269Premises and equipment expense
$3,352Additional noninterest expense
$5,952Pre-tax net operating income
$88Securities gains (losses)
$1,804Applicable income taxes
$4,236Income before extraordinary items
$0Extraordinary gains - net
$4,236Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$222Sale, conversion, retirement of capital stock, net
$3,932Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.51%Yield on earning assets
3.81%Cost of funding earning assets
3.70%Net interest margin
0.70%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
1.00%Net operating income to assets
1.01%Return on assets (ROA)
1.44%Pretax return on assets
12.99%Return on equity (ROE)
0.93%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
166.67%Credit loss provision to net charge-offs
28.48%Efficiency ratio
63,317Assets per employee
2.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.82%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
121.31%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
1.03%Net loans and leases to deposits
80.49%Net loans and leases to core deposits
93.28%Equity capital to assets
7.38%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
13.91%Total risk-based capital ratio
Memoranda
$15Average assets
$419,105Average earning assets
$32,618Average equity
$391,281Average loans
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