FDIC Certificate #: 7761 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CNB Bank (#13876) Federal Reserve ID: 53314 Date Established: March 01, 1904 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) OTS Docket #: 12717 FDIC's unique #: 5008 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: August 18, 1999 Last Structure Change Process Date: September 09, 1999 Last Data Update: September 09, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Spangler, PA 15775 County: Cambria Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Wexford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Johnstown, PA (#3680) Core Based Statistical Area (CBSA): Johnstown, PA (#27780) CBSA Metro Statistical Area: Johnstown, PA (#27780)
Financial Summary
Total assets: $32.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$32,093Total assets
$712Cash and due from depository institutions
$0Interest-bearing balances
$5,872Securities
$2,280Federal funds sold & reverse repurchase agreements
$22,538Net loans & leases
$214Loan loss allowance
$0Trading account assets
$413Bank premises and fixed assets
$23Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$255All other assets
$32,093Total liabilities and capital
$27,500Total liabilities
$27,268Total deposits
$24,905Interest-bearing deposits
$27,268Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$232All other liabilities
$4,593Total equity capital
$4,593Total bank equity capital
$4,593Perpetual preferred stock
$0Common stock
$50Surplus
$300Undivided profits
Memoranda
$4,243Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$141Earning assets
$0Long-term assets (5+ years)
$73Average Assets, year-to-date
$30,690Average Assets, quarterly
$17,624Volatile liabilities
$31,725Insider loans
$32,303FHLB advances
$3,606Loans and leases held for sale
$493Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$709Total unused commitments
$0Restructured Loans and leases
$15,476Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,275Total interest income
$1,152Total interest expense
$1,123Net interest income
$32Provision for loan and lease losses
$62Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$704Total noninterest expense
$230Salaries and employee benefits
$109Premises and equipment expense
$365Additional noninterest expense
$449Pre-tax net operating income
$0Securities gains (losses)
$153Applicable income taxes
$296Income before extraordinary items
$0Extraordinary gains - net
$296Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$108Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.49%Yield on earning assets
3.79%Cost of funding earning assets
3.70%Net interest margin
0.20%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.42%Pretax return on assets
6.57%Return on equity (ROE)
4.17%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
106.67%Credit loss provision to net charge-offs
16.03%Efficiency ratio
59,409Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.49%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
151.77%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.62%Net loans and leases to deposits
82.65%Net loans and leases to core deposits
95.25%Equity capital to assets
14.31%Core capital (leverage) ratio
14.00%Tier 1 risk-based capital ratio
29.30%Total risk-based capital ratio
Memoranda
$31Average assets
$31,725Average earning assets
$4,508Average equity
$30,359Average loans
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