The First National Bank of Spring Mills - Overview
General
FDIC Certificate #: 7764 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Jersey Shore State Bank (#14359) Federal Reserve ID: 57518 Date Established: September 01, 1918 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 #: 9705 FDIC's unique #: 5010 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 11, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: Route 45 And Ross Hill Road, Spring Mills, PA 16875 County: Centre 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): State College, PA (#8050) Core Based Statistical Area (CBSA): State College, PA (#44300) CBSA Metro Statistical Area: State College, PA (#44300)
Financial Summary
Total assets: $31.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$31,856Total assets
$1,439Cash and due from depository institutions
$882Interest-bearing balances
$9,044Securities
$0Federal funds sold & reverse repurchase agreements
$20,334Net loans & leases
$180Loan loss allowance
$0Trading account assets
$783Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$256All other assets
$31,856Total liabilities and capital
$27,587Total liabilities
$24,597Total deposits
$21,175Interest-bearing deposits
$24,597Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,778Other borrowed funds
$0Subordinated debt
$212All other liabilities
$4,269Total equity capital
$4,269Total bank equity capital
$4,269Perpetual preferred stock
$0Common stock
$150Surplus
$150Undivided profits
Memoranda
$3,969Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4Earning assets
$0Long-term assets (5+ years)
$105Average Assets, year-to-date
$30,260Average Assets, quarterly
$18,769Volatile liabilities
$31,481Insider loans
$32,171FHLB advances
$1,562Loans and leases held for sale
$216Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,214Total unused commitments
$0Restructured Loans and leases
$18,642Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,505Total interest income
$1,082Total interest expense
$1,423Net interest income
$5Provision for loan and lease losses
$101Total noninterest income
$0Fiduciary activities
$54Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$1,348Total noninterest expense
$563Salaries and employee benefits
$228Premises and equipment expense
$557Additional noninterest expense
$171Pre-tax net operating income
$0Securities gains (losses)
$114Applicable income taxes
$57Income before extraordinary items
$0Extraordinary gains - net
$57Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$10Sale, conversion, retirement of capital stock, net
$185Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.39%Yield on earning assets
3.62%Cost of funding earning assets
4.77%Net interest margin
0.34%Noninterest income to earning assets
4.51%Noninterest expense to earning assets
0.18%Net operating income to assets
0.18%Return on assets (ROA)
0.54%Pretax return on assets
1.27%Return on equity (ROE)
-2.86%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
-50.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,451Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
324.56%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
4500.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
82.67%Net loans and leases to core deposits
88.27%Equity capital to assets
13.40%Core capital (leverage) ratio
13.14%Tier 1 risk-based capital ratio
22.19%Total risk-based capital ratio
Memoranda
$23Average assets
$31,481Average earning assets
$4,481Average equity
$29,860Average loans
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