The Armstrong County Trust Company in Kittanning, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

The Armstrong County Trust Company in Kittanning, Pennsylvania (PA)
Show street view No street view available for this location

The Armstrong County Trust Company - Overview

General
FDIC Certificate #: 12988
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Promistar Bank (#14501)
Federal Reserve ID: 975621
Date Established: Febuary 02, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8210
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 14, 1996
Last Structure Change Process Date: June 27, 1996
Last Data Update: June 27, 1996
Data Source Date: April 05, 2012
Location
Address: 227 Market Street, Kittanning, PA 16201
County: Armstrong
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
Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300)
CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
Financial Summary
Total assets: $48.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$51,546Cash and due from depository institutions
$1,431Interest-bearing balances
$123Securities
$38,285Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$10,905Loan loss allowance
$150Trading account assets
$0Bank premises and fixed assets
$313Other real estate owned
$0Goodwill and other intangibles
$612Life insurance assets
$0All other assets
$0Total liabilities and capital
$51,546Total liabilities
$43,176Total deposits
$38,665Interest-bearing deposits
$33,702Deposits held in domestic offices
38665.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,000Subordinated debt
$0All other liabilities
$511Total equity capital
$511Total bank equity capital
$8,370Perpetual preferred stock
$0Common stock
$400Surplus
$850Undivided profits
Memoranda
$7,120Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$131Income earned, not collected on loans
$53Earning assets
$49,313Long-term assets (5+ years)
$41,790Average Assets, year-to-date
$46,969Average Assets, quarterly
$51,129Volatile liabilities
$8,421Insider loans
$531FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$186Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,898Total risk weighted assets
$15,615Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,302Total interest expense
$1,484Net interest income
$1,818Provision for loan and lease losses
$38Total noninterest income
$63Fiduciary activities
$0Service charges on deposit accounts
$31Trading account gains & fees
$0Additional noninterest income
$32Total noninterest expense
$1,170Salaries and employee benefits
$474Premises and equipment expense
$159Additional noninterest expense
$537Pre-tax net operating income
$673Securities gains (losses)
$164Applicable income taxes
$190Income before extraordinary items
$647Extraordinary gains - net
$0Net income attributable to bank
$647Net charge-offs
$36Cash dividends
$486Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.39%Cost of funding earning assets
3.32%Net interest margin
4.07%Noninterest income to earning assets
0.14%Noninterest expense to earning assets
2.62%Net operating income to assets
1.11%Return on assets (ROA)
1.38%Pretax return on assets
1.78%Return on equity (ROE)
8.22%Retained earnings to average equity (YTD only)
2.05%Net charge-offs to loans
0.36%Credit loss provision to net charge-offs
105.56%Efficiency ratio
62,201Assets per employee
3.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.12%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
114.50%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
1.18%Net loans and leases to deposits
28.20%Net loans and leases to core deposits
31.84%Equity capital to assets
16.24%Core capital (leverage) ratio
15.74%Tier 1 risk-based capital ratio
50.58%Total risk-based capital ratio
Memoranda
$52Average assets
$46,969Average earning assets
$7,867Average equity
$44,707Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Armstrong County Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.