FDIC Certificate #: 7656 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Orrstown Bank (#713) Federal Reserve ID: 60219 Date Established: May 08, 1893 WWW:http://www.fnbnewport.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 12133 FDIC's unique #: 4958 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: June 16, 2007 Last Structure Change Process Date: June 29, 2007 Last Data Update: June 29, 2007 Data Source Date: April 05, 2012
Location
Address: Center Square, Newport, PA 17074 County: Perry 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): Harrisburg-Lebanon-Carlisle, PA (#3240) Combined Statistical Area (CSA): Harrisburg-Carlisle-Lebanon, PA (#276) Core Based Statistical Area (CBSA): Harrisburg-Carlisle, PA (#25420) CBSA Metro Statistical Area: Harrisburg-Carlisle, PA (#25420)
Financial Summary
Total assets: $141.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
42Total employees (full-time equivalent)
$139,415Total assets
$3,520Cash and due from depository institutions
$24Interest-bearing balances
$24,275Securities
$1,649Federal funds sold & reverse repurchase agreements
$82,250Net loans & leases
$763Loan loss allowance
$0Trading account assets
$2,628Bank premises and fixed assets
$0Other real estate owned
$19,714Goodwill and other intangibles
$2,789Life insurance assets
$5,379All other assets
$139,415Total liabilities and capital
$104,862Total liabilities
$103,377Total deposits
$92,893Interest-bearing deposits
$103,377Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,485All other liabilities
$34,553Total equity capital
$34,553Total bank equity capital
$34,553Perpetual preferred stock
$0Common stock
$400Surplus
$33,501Undivided profits
Memoranda
$652Noncurrent loans and leases
$8,386Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$539Earning assets
$0Long-term assets (5+ years)
$568Average Assets, year-to-date
$108,198Average Assets, quarterly
$57,028Volatile liabilities
$132,933Insider loans
$140,094FHLB advances
$11,479Loans and leases held for sale
$2,412Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,386Total unused commitments
$0Restructured Loans and leases
$763Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$4,713Total interest income
$1,679Total interest expense
$3,034Net interest income
$0Provision for loan and lease losses
$769Total noninterest income
$0Fiduciary activities
$367Service charges on deposit accounts
$0Trading account gains & fees
$402Additional noninterest income
$2,292Total noninterest expense
$1,271Salaries and employee benefits
$346Premises and equipment expense
$675Additional noninterest expense
$1,511Pre-tax net operating income
$9Securities gains (losses)
$370Applicable income taxes
$1,150Income before extraordinary items
$0Extraordinary gains - net
$1,150Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$43Sale, conversion, retirement of capital stock, net
$590Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.26%Yield on earning assets
1.52%Cost of funding earning assets
2.74%Net interest margin
0.69%Noninterest income to earning assets
2.07%Noninterest expense to earning assets
0.86%Net operating income to assets
0.87%Return on assets (ROA)
1.14%Pretax return on assets
4.42%Return on equity (ROE)
2.15%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,349Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.30%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
141.56%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.65%Net loans and leases to deposits
79.56%Net loans and leases to core deposits
89.50%Equity capital to assets
24.78%Core capital (leverage) ratio
12.38%Tier 1 risk-based capital ratio
19.00%Total risk-based capital ratio
Memoranda
$20Average assets
$132,933Average earning assets
$26,029Average equity
$110,756Average loans
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