The Everett Bank in Everett, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 1995

The Everett Bank in Everett, Pennsylvania (PA)
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The Everett Bank - Overview

General
FDIC Certificate #: 16867
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mid-State Bank and Trust Company (#9896)
Federal Reserve ID: 549219
Date Established: January 03, 1950
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 10963
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 03, 1950
Last Structure Change Effective Date: October 10, 1995
Last Structure Change Process Date: Febuary 07, 1996
Last Data Update: Febuary 07, 1996
Data Source Date: April 05, 2012
Location
Address: 115 East Main Street, Everett, PA 15537
County: Bedford
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
Financial Summary
Total assets: $74.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$69,721Cash and due from depository institutions
$4,068Interest-bearing balances
$1,091Securities
$18,227Federal funds sold & reverse repurchase agreements
$5,900Net loans & leases
$38,707Loan loss allowance
$184Trading account assets
$0Bank premises and fixed assets
$2,022Other real estate owned
$0Goodwill and other intangibles
$797Life insurance assets
$0All other assets
$0Total liabilities and capital
$69,721Total liabilities
$62,411Total deposits
$61,935Interest-bearing deposits
$53,783Deposits held in domestic offices
61935.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$476Total equity capital
$476Total bank equity capital
$7,310Perpetual preferred stock
$0Common stock
$50Surplus
$1,250Undivided profits
Memoranda
$6,010Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$214Income earned, not collected on loans
$189Earning assets
$63,925Long-term assets (5+ years)
$11,966Average Assets, year-to-date
$71,719Average Assets, quarterly
$70,823Volatile liabilities
$3,288Insider loans
$743FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$678Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,545Total risk weighted assets
$38,300Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,088Total interest expense
$2,008Net interest income
$3,080Provision for loan and lease losses
$0Total noninterest income
$146Fiduciary activities
$0Service charges on deposit accounts
$90Trading account gains & fees
$0Additional noninterest income
$56Total noninterest expense
$2,145Salaries and employee benefits
$1,128Premises and equipment expense
$305Additional noninterest expense
$712Pre-tax net operating income
$1,081Securities gains (losses)
$0Applicable income taxes
$280Income before extraordinary items
$801Extraordinary gains - net
$0Net income attributable to bank
$801Net charge-offs
$0Cash dividends
$216Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.72%Cost of funding earning assets
3.05%Net interest margin
4.67%Noninterest income to earning assets
0.22%Noninterest expense to earning assets
3.25%Net operating income to assets
1.12%Return on assets (ROA)
1.12%Pretax return on assets
1.51%Return on equity (ROE)
10.86%Retained earnings to average equity (YTD only)
7.93%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,491Assets per employee
1.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.97%Loss allowance to loans
0.47%Loss allowance to noncurrent loans
85.98%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.55%Net loans and leases to deposits
62.50%Net loans and leases to core deposits
66.00%Equity capital to assets
10.48%Core capital (leverage) ratio
10.72%Tier 1 risk-based capital ratio
19.70%Total risk-based capital ratio
Memoranda
$20Average assets
$71,719Average earning assets
$7,376Average equity
$65,905Average loans

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