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

This bank is inactive as of July 10, 1993

  • The First National Bank of Pike County in Milford, Pennsylvania (PA)
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The First National Bank of Pike County - Overview

  • General
  • FDIC Certificate #: 7615
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Meridian Bank (#11870)
    Federal Reserve ID: 220116
    Date Established: July 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: 6 (Interstate: No)
    FDIC's unique #: 4936
    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: July 10, 1993
    Last Structure Change Process Date: August 26, 1993
    Last Data Update: August 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 224 Broad Street, Milford, PA 18337
    County: Pike
    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): Newburgh, NY-PA (#5660)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $157.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $57Total assets
  • $155,419Cash and due from depository institutions
  • $4,150Interest-bearing balances
  • $0Securities
  • $79,791Federal funds sold & reverse repurchase agreements
  • $2,625Net loans & leases
  • $64,713Loan loss allowance
  • $1,200Trading account assets
  • $0Bank premises and fixed assets
  • $948Other real estate owned
  • $1,098Goodwill and other intangibles
  • $2,094Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $155,419Total liabilities
  • $144,159Total deposits
  • $142,440Interest-bearing deposits
  • $127,169Deposits held in domestic offices
  • 142440.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5Subordinated debt
  • $0All other liabilities
  • $1,714Total equity capital
  • $1,714Total bank equity capital
  • $11,260Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $550Undivided profits
  • Memoranda
  • $10,660Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,161Income earned, not collected on loans
  • $479Earning assets
  • $147,129Long-term assets (5+ years)
  • $42,806Average Assets, year-to-date
  • $151,237Average Assets, quarterly
  • $156,276Volatile liabilities
  • $5,621Insider loans
  • $272FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,275Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,260Total risk weighted assets
  • $63,717Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,170Total interest expense
  • $6,071Net interest income
  • $6,099Provision for loan and lease losses
  • $390Total noninterest income
  • $385Fiduciary activities
  • $0Service charges on deposit accounts
  • $224Trading account gains & fees
  • $0Additional noninterest income
  • $161Total noninterest expense
  • $3,414Salaries and employee benefits
  • $1,602Premises and equipment expense
  • $364Additional noninterest expense
  • $1,448Pre-tax net operating income
  • $2,680Securities gains (losses)
  • -$1Applicable income taxes
  • $600Income before extraordinary items
  • $2,079Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,079Net charge-offs
  • $190Cash dividends
  • $3,890Sale, 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
  • 8.48%Cost of funding earning assets
  • 4.23%Net interest margin
  • 4.25%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 2.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 1.77%Return on equity (ROE)
  • 15.82%Retained earnings to average equity (YTD only)
  • -13.78%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 205.26%Efficiency ratio
  • 52,653Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 187.11%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 37.96%Noncurrent assets plus other real estate owned to assets
  • 2.74%Noncurrent loans to loans
  • 4.80%Net loans and leases to deposits
  • 45.43%Net loans and leases to core deposits
  • 47.30%Equity capital to assets
  • 7.24%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 17.67%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $151,237Average earning assets
  • $13,138Average equity
  • $143,457Average loans

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