The First National Bank of Nicholson in city_name, state_name

The First National Bank of Nicholson in Nicholson, Pennsylvania (PA)
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The First National Bank of Nicholson - Overview

General
FDIC Certificate #: 7662
Status: Inactive
Closing history: Corrections
Acquiring institution: Community Bank & Trust Company (#14530)
Federal Reserve ID: 1009514
Date Established: September 18, 1905
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Interstate: No)
OTS Docket #: 10068
FDIC's unique #: 4964
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: January 21, 1993
Last Structure Change Process Date: Febuary 23, 1993
Last Data Update: Febuary 23, 1993
Data Source Date: April 05, 2012
Location
Address: 57 Main, Nicholson, PA 18446
County: Wyoming
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Philadelphia
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $127.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$72Total assets
$127,472Cash and due from depository institutions
$6,212Interest-bearing balances
$0Securities
$31,939Federal funds sold & reverse repurchase agreements
$13,150Net loans & leases
$73,703Loan loss allowance
$1,091Trading account assets
$0Bank premises and fixed assets
$1,129Other real estate owned
$134Goodwill and other intangibles
$1,205Life insurance assets
$0All other assets
$0Total liabilities and capital
$127,472Total liabilities
$119,598Total deposits
$119,161Interest-bearing deposits
$107,936Deposits held in domestic offices
119161.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$437Total equity capital
$437Total bank equity capital
$7,874Perpetual preferred stock
$0Common stock
$500Surplus
$1,024Undivided profits
Memoranda
$6,350Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,041Income earned, not collected on loans
$458Earning assets
$118,792Long-term assets (5+ years)
$48,085Average Assets, year-to-date
$118,174Average Assets, quarterly
$124,957Volatile liabilities
$9,682Insider loans
$647FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,139Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,874Total risk weighted assets
$68,512Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$9,874Total interest expense
$5,236Net interest income
$4,638Provision for loan and lease losses
$470Total noninterest income
$474Fiduciary activities
$0Service charges on deposit accounts
$363Trading account gains & fees
$0Additional noninterest income
$111Total noninterest expense
$3,648Salaries and employee benefits
$1,470Premises and equipment expense
$642Additional noninterest expense
$1,536Pre-tax net operating income
$994Securities gains (losses)
$61Applicable income taxes
$274Income before extraordinary items
$781Extraordinary gains - net
$0Net income attributable to bank
$781Net charge-offs
$155Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.88%Cost of funding earning assets
4.71%Net interest margin
4.17%Noninterest income to earning assets
0.43%Noninterest expense to earning assets
3.28%Net operating income to assets
0.62%Return on assets (ROA)
0.66%Pretax return on assets
0.89%Return on equity (ROE)
10.23%Retained earnings to average equity (YTD only)
6.30%Net charge-offs to loans
0.21%Credit loss provision to net charge-offs
303.23%Efficiency ratio
71,362Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.41%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
53.45%Noncurrent assets plus other real estate owned to assets
1.71%Noncurrent loans to loans
2.73%Net loans and leases to deposits
61.85%Net loans and leases to core deposits
67.32%Equity capital to assets
6.18%Core capital (leverage) ratio
6.25%Tier 1 risk-based capital ratio
11.49%Total risk-based capital ratio
Memoranda
$13Average assets
$118,174Average earning assets
$7,633Average equity
$111,185Average loans

The First National Bank of Nicholson in Nicholson, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Nicholson - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

The First National Bank of Nicholson in Nicholson, Pennsylvania (PA)Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Nicholson - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

The First National Bank of Nicholson in Nicholson, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches