FDIC Certificate #: 7511 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:GRAYSTONE TOWER BANK (#58166) Federal Reserve ID: 275116 Date Established: June 04, 1864 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 17 (Interstate: No) OTS Docket #: 10613 FDIC's unique #: 4873 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2009 Last Structure Change Process Date: April 07, 2009 Last Data Update: April 07, 2009 Data Source Date: April 05, 2012
Location
Address: Center Square, Greencastle, PA 17225 County: Franklin 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 Core Based Statistical Area (CBSA): Chambersburg, PA (#16540) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $540.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2008)
Dollar figures in thousands
175Total employees (full-time equivalent)
$540,050Total assets
$11,559Cash and due from depository institutions
$802Interest-bearing balances
$57,969Securities
$0Federal funds sold & reverse repurchase agreements
$418,697Net loans & leases
$4,597Loan loss allowance
$0Trading account assets
$13,222Bank premises and fixed assets
$331Other real estate owned
$18,142Goodwill and other intangibles
$11,209Life insurance assets
$20,130All other assets
$540,050Total liabilities and capital
$477,264Total liabilities
$421,368Total deposits
$377,251Interest-bearing deposits
$421,368Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$50,854Other borrowed funds
$0Subordinated debt
$5,042All other liabilities
$62,786Total equity capital
$62,786Total bank equity capital
$62,786Perpetual preferred stock
$0Common stock
$1,100Surplus
$33,054Undivided profits
Memoranda
$28,632Noncurrent loans and leases
$61,570Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,675Earning assets
$0Long-term assets (5+ years)
$1,861Average Assets, year-to-date
$477,468Average Assets, quarterly
$150,917Volatile liabilities
$536,415Insider loans
$536,639FHLB advances
$32,629Loans and leases held for sale
$1,204Unused loan commitments
$50,582Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$61,570Total unused commitments
$0Restructured Loans and leases
$4,597Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$30,524Total interest income
$9,877Total interest expense
$20,647Net interest income
$1,375Provision for loan and lease losses
$4,386Total noninterest income
$519Fiduciary activities
$1,897Service charges on deposit accounts
$0Trading account gains & fees
$1,970Additional noninterest income
$17,066Total noninterest expense
$8,501Salaries and employee benefits
$2,454Premises and equipment expense
$6,111Additional noninterest expense
$6,592Pre-tax net operating income
$12Securities gains (losses)
$1,650Applicable income taxes
$4,954Income before extraordinary items
$0Extraordinary gains - net
$4,954Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$632Sale, conversion, retirement of capital stock, net
$3,942Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.47%Yield on earning assets
2.09%Cost of funding earning assets
4.38%Net interest margin
0.93%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.23%Pretax return on assets
7.87%Return on equity (ROE)
1.61%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
217.56%Credit loss provision to net charge-offs
12.61%Efficiency ratio
66,740Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.57%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
98.33%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
1.10%Net loans and leases to deposits
99.37%Net loans and leases to core deposits
107.71%Equity capital to assets
11.63%Core capital (leverage) ratio
8.63%Tier 1 risk-based capital ratio
11.65%Total risk-based capital ratio
Memoranda
$13Average assets
$536,415Average earning assets
$62,916Average equity
$471,603Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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