The Mont Alto State Bank in Mont Alto, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1995

The Mont Alto State Bank in Mont Alto, Pennsylvania (PA)
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The Mont Alto State Bank - Overview

General
FDIC Certificate #: 9904
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers and Merchants Trust Company of Chambersburg (#8405)
Federal Reserve ID: 799416
Date Established: January 01, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6334
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 01, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: Park Street, Mont Alto, PA 17237
County: Franklin
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
Core Based Statistical Area (CBSA): Chambersburg, PA (#16540)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $26.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$16Total assets
$26,096Cash and due from depository institutions
$444Interest-bearing balances
$5Securities
$5,575Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$19,648Loan loss allowance
$287Trading account assets
$0Bank premises and fixed assets
$211Other real estate owned
$0Goodwill and other intangibles
$218Life insurance assets
$0All other assets
$0Total liabilities and capital
$26,096Total liabilities
$22,804Total deposits
$21,292Interest-bearing deposits
$18,477Deposits held in domestic offices
21292.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$1,400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$112Total equity capital
$112Total bank equity capital
$3,292Perpetual preferred stock
$0Common stock
$480Surplus
$780Undivided profits
Memoranda
$2,032Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$331Income earned, not collected on loans
$105Earning assets
$25,228Long-term assets (5+ years)
$482Average Assets, year-to-date
$25,886Average Assets, quarterly
$25,937Volatile liabilities
$2,100Insider loans
$480FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$898Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,292Total risk weighted assets
$16,787Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,995Total interest expense
$628Net interest income
$1,367Provision for loan and lease losses
$23Total noninterest income
$69Fiduciary activities
$0Service charges on deposit accounts
$57Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$838Salaries and employee benefits
$475Premises and equipment expense
$89Additional noninterest expense
$274Pre-tax net operating income
$575Securities gains (losses)
$0Applicable income taxes
$128Income before extraordinary items
$447Extraordinary gains - net
$0Net income attributable to bank
$447Net charge-offs
$33Cash dividends
$152Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.07%Cost of funding earning assets
2.54%Net interest margin
5.53%Noninterest income to earning assets
0.28%Noninterest expense to earning assets
3.39%Net operating income to assets
1.73%Return on assets (ROA)
1.73%Pretax return on assets
2.22%Return on equity (ROE)
14.26%Retained earnings to average equity (YTD only)
9.41%Net charge-offs to loans
0.17%Credit loss provision to net charge-offs
69.70%Efficiency ratio
58,357Assets per employee
1.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
86.71%Noncurrent assets plus other real estate owned to assets
1.27%Noncurrent loans to loans
1.66%Net loans and leases to deposits
92.28%Net loans and leases to core deposits
95.42%Equity capital to assets
12.61%Core capital (leverage) ratio
12.67%Tier 1 risk-based capital ratio
19.61%Total risk-based capital ratio
Memoranda
$21Average assets
$25,886Average earning assets
$3,135Average equity
$24,713Average loans

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