The First National Bank of Hermon in Hermon, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 02, 1995

The First National Bank of Hermon in Hermon, New York (NY)
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The First National Bank of Hermon - Overview

General
FDIC Certificate #: 7098
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens National Bank of Malone (#7154)
Federal Reserve ID: 654104
Date Established: November 01, 1900
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 4724
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 02, 1995
Last Structure Change Process Date: December 27, 1995
Last Data Update: December 27, 1995
Data Source Date: April 05, 2012
Location
Address: Church Street, Hermon, NY 13652
County: St. Lawrence
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Syracuse
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Ogdensburg-Massena, NY (#36300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $7.1 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)
$9Total assets
$6,197Cash and due from depository institutions
$512Interest-bearing balances
$0Securities
$1,797Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$3,655Loan loss allowance
$69Trading account assets
$0Bank premises and fixed assets
$157Other real estate owned
$0Goodwill and other intangibles
$76Life insurance assets
$0All other assets
$0Total liabilities and capital
$6,197Total liabilities
$5,208Total deposits
$5,090Interest-bearing deposits
$3,500Deposits held in domestic offices
5090.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$2Subordinated debt
$0All other liabilities
$16Total equity capital
$16Total bank equity capital
$989Perpetual preferred stock
$0Common stock
$100Surplus
$100Undivided profits
Memoranda
$789Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$102Income earned, not collected on loans
$25Earning assets
$5,452Long-term assets (5+ years)
$2,324Average Assets, year-to-date
$6,444Average Assets, quarterly
$6,487Volatile liabilities
$100Insider loans
$7FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$214Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,084Total risk weighted assets
$3,756Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$518Total interest expense
$127Net interest income
$391Provision for loan and lease losses
$0Total noninterest income
$89Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$18Total noninterest expense
$433Salaries and employee benefits
$217Premises and equipment expense
$43Additional noninterest expense
$173Pre-tax net operating income
$47Securities gains (losses)
$27Applicable income taxes
$2Income before extraordinary items
$72Extraordinary gains - net
$0Net income attributable to bank
$72Net charge-offs
-$6Cash dividends
$10Sale, 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
9.40%Cost of funding earning assets
2.31%Net interest margin
7.10%Noninterest income to earning assets
1.62%Noninterest expense to earning assets
7.86%Net operating income to assets
0.71%Return on assets (ROA)
1.12%Pretax return on assets
1.15%Return on equity (ROE)
7.01%Retained earnings to average equity (YTD only)
6.04%Net charge-offs to loans
-0.18%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,208Assets per employee
0.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.89%Loss allowance to loans
1.85%Loss allowance to noncurrent loans
67.65%Noncurrent assets plus other real estate owned to assets
1.65%Noncurrent loans to loans
2.74%Net loans and leases to deposits
71.81%Net loans and leases to core deposits
71.81%Equity capital to assets
15.96%Core capital (leverage) ratio
16.73%Tier 1 risk-based capital ratio
28.86%Total risk-based capital ratio
Memoranda
$30Average assets
$6,444Average earning assets
$1,027Average equity
$5,509Average loans

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