The Drovers & Mechanics Bank in York, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 2001

  • The Drovers & Mechanics Bank in York, Pennsylvania (PA)
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The Drovers & Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 7820
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank, National Association (#7551)
    Federal Reserve ID: 924713
    Date Established: June 12, 1883
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    OTS Docket #: 8959
    FDIC's unique #: 5040
    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: August 25, 2001
    Last Structure Change Process Date: October 22, 2001
    Last Data Update: October 22, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 South George Street, York, PA 17405
    County: York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): York, PA (#9280)
    Combined Statistical Area (CSA): York-Hanover-Gettysburg, PA (#564)
    Core Based Statistical Area (CBSA): York-Hanover, PA (#49620)
    CBSA Metro Statistical Area: York-Hanover, PA (#49620)
  • Financial Summary
  • Total assets: $815.6 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, 2000)

  • Dollar figures in thousands
  • 237Total employees (full-time equivalent)
  • $793,224Total assets
  • $20,239Cash and due from depository institutions
  • $4,897Interest-bearing balances
  • $230,340Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $507,026Net loans & leases
  • $5,371Loan loss allowance
  • $0Trading account assets
  • $14,372Bank premises and fixed assets
  • $104Other real estate owned
  • $444Goodwill and other intangibles
  • $0Life insurance assets
  • $20,699All other assets
  • $793,224Total liabilities and capital
  • $732,522Total liabilities
  • $568,780Total deposits
  • $511,017Interest-bearing deposits
  • $568,780Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $38,263Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $117,808Other borrowed funds
  • $0Subordinated debt
  • $7,671All other liabilities
  • $60,702Total equity capital
  • $60,702Total bank equity capital
  • $60,702Perpetual preferred stock
  • $0Common stock
  • $3,547Surplus
  • $12,956Undivided profits
  • Memoranda
  • $44,199Noncurrent loans and leases
  • $121,572Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,333Earning assets
  • $0Long-term assets (5+ years)
  • $2,540Average Assets, year-to-date
  • $742,263Average Assets, quarterly
  • $267,165Volatile liabilities
  • $751,835Insider loans
  • $772,807FHLB advances
  • $88,702Loans and leases held for sale
  • $46,977Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $937Total risk weighted assets
  • $121,572Total unused commitments
  • $0Restructured Loans and leases
  • $5,371Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $56,843Total interest income
  • $32,633Total interest expense
  • $24,210Net interest income
  • $6,379Provision for loan and lease losses
  • $5,851Total noninterest income
  • $1,553Fiduciary activities
  • $2,079Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,219Additional noninterest income
  • $18,613Total noninterest expense
  • $10,011Salaries and employee benefits
  • $3,369Premises and equipment expense
  • $5,233Additional noninterest expense
  • $5,069Pre-tax net operating income
  • -$193Securities gains (losses)
  • $85Applicable income taxes
  • $4,791Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,791Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,916Sale, conversion, retirement of capital stock, net
  • $3,271Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.13%Yield on earning assets
  • 4.67%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 8.35%Return on equity (ROE)
  • 2.65%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 129.76%Credit loss provision to net charge-offs
  • 2.33%Efficiency ratio
  • 61,362Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.27%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 230.22%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 89.14%Net loans and leases to core deposits
  • 95.07%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 7.87%Tier 1 risk-based capital ratio
  • 10.55%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $751,835Average earning assets
  • $57,357Average equity
  • $699,413Average loans

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