The Watsontown National Bank in Watsontown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1993

The Watsontown National Bank in Watsontown, Pennsylvania (PA)
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The Watsontown National Bank - Overview

General
FDIC Certificate #: 7794
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SunBank (#441)
Federal Reserve ID: 912411
Date Established: March 17, 1872
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 #: 9756
FDIC's unique #: 5026
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: December 01, 1993
Last Structure Change Process Date: December 27, 1993
Last Data Update: December 27, 1993
Data Source Date: April 05, 2012
Location
Address: 300 Main Street, Watsontown, PA 17777
County: Northumberland
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
Combined Statistical Area (CSA): Sunbury-Lewisburg-Selinsgrove, PA (#526)
Core Based Statistical Area (CBSA): Sunbury, PA (#44980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $40.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$38,515Cash and due from depository institutions
$1,040Interest-bearing balances
$5Securities
$11,849Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$25,056Loan loss allowance
$228Trading account assets
$0Bank premises and fixed assets
$218Other real estate owned
$0Goodwill and other intangibles
$352Life insurance assets
$0All other assets
$0Total liabilities and capital
$38,515Total liabilities
$33,844Total deposits
$31,226Interest-bearing deposits
$28,983Deposits held in domestic offices
31226.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$446Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$172Total equity capital
$172Total bank equity capital
$4,671Perpetual preferred stock
$0Common stock
$300Surplus
$700Undivided profits
Memoranda
$3,671Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$363Income earned, not collected on loans
$125Earning assets
$36,910Long-term assets (5+ years)
$8,180Average Assets, year-to-date
$35,811Average Assets, quarterly
$37,493Volatile liabilities
$4,557Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,642Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,671Total risk weighted assets
$23,238Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,028Total interest expense
$1,411Net interest income
$1,617Provision for loan and lease losses
$54Total noninterest income
$133Fiduciary activities
$0Service charges on deposit accounts
$91Trading account gains & fees
$0Additional noninterest income
$42Total noninterest expense
$986Salaries and employee benefits
$495Premises and equipment expense
$107Additional noninterest expense
$384Pre-tax net operating income
$710Securities gains (losses)
$3Applicable income taxes
$183Income before extraordinary items
$530Extraordinary gains - net
$0Net income attributable to bank
$530Net charge-offs
$17Cash dividends
$361Sale, 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
8.81%Cost of funding earning assets
4.11%Net interest margin
4.71%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.87%Net operating income to assets
1.47%Return on assets (ROA)
1.48%Pretax return on assets
1.99%Return on equity (ROE)
11.53%Retained earnings to average equity (YTD only)
3.68%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
317.65%Efficiency ratio
56,343Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.11%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
62.81%Noncurrent assets plus other real estate owned to assets
0.94%Noncurrent loans to loans
1.44%Net loans and leases to deposits
80.24%Net loans and leases to core deposits
86.06%Equity capital to assets
12.13%Core capital (leverage) ratio
12.66%Tier 1 risk-based capital ratio
20.10%Total risk-based capital ratio
Memoranda
$21Average assets
$35,811Average earning assets
$4,598Average equity
$34,367Average loans

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