1st Summit Bank in Johnstown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

1st Summit Bank - Overview

  • General
  • FDIC Certificate #: 8426
    Status: Active
    Federal Reserve ID: 526519
    Bank Holding Company (Regulatory Top Holder): 1st Summit Bancorp Of Johnstown, Inc. (RSSDID: 1830240, Location: Johnstown, PA)
    Date Established: January 01, 1924
    WWW: http://www.1stsummit.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 10595
    FDIC's unique #: 5363
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 Donald Lane, Johnstown, PA 15904
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $730.5 mil
    Equity capital: $57.2 mil
    Deposits held in domestic offices: $653.3 mil
    Return on assets (ROA): 1.09% ($8.0 mil)
    Quarterly return on assets: 1.06% ($7.7 mil)
    Return on Equity (ROE): 14.49% ($8.3 mil)
    Quarterly return on equity: 13.57% ($7.7 mil)
    Net income: $7.7 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.46% ($10,664.7 mil)
    Quarterly Pretax return on assets: 1.40% ($10,226.5 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 156Total employees (full-time equivalent)
  • $730,461Total assets
  • $18,130Cash and due from depository institutions
  • $8,221Interest-bearing balances
  • $316,552Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $368,258Net loans & leases
  • $4,931Loan loss allowance
  • $0Trading account assets
  • $7,029Bank premises and fixed assets
  • $195Other real estate owned
  • $339Goodwill and other intangibles
  • $730,461Life insurance assets
  • $19,958All other assets
  • $673,221Total liabilities and capital
  • $653,258Total liabilities
  • $610,507Total deposits
  • $653,258Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,000Trading liabilities
  • $2,000Other borrowed funds
  • $3,963Subordinated debt
  • $57,240All other liabilities
  • $57,240Total equity capital
  • $57,240Total bank equity capital
  • $0Perpetual preferred stock
  • $771Common stock
  • $9,363Surplus
  • $47,106Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,004Income earned, not collected on loans
  • $14Earning assets
  • $2,645Long-term assets (5+ years)
  • $693,031Average Assets, year-to-date
  • $548,147Average Assets, quarterly
  • $703,116Volatile liabilities
  • $730,608Insider loans
  • $413,309FHLB advances
  • $729,974Loans and leases held for sale
  • $7,086Unused loan commitments
  • $4,093Tier 1 (core) risk-based capital
  • $54,132Tier 2 risk-based capital
  • $20Total risk weighted assets
  • $2,973Total unused commitments
  • $68,965Restructured Loans and leases
  • $19,114Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,998Total interest income
  • $9,925Total interest expense
  • $22,073Net interest income
  • $823Provision for loan and lease losses
  • $3,842Total noninterest income
  • $337Fiduciary activities
  • $1,845Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,660Additional noninterest income
  • $14,200Total noninterest expense
  • $7,733Salaries and employee benefits
  • $2,187Premises and equipment expense
  • $4,280Additional noninterest expense
  • $10,892Pre-tax net operating income
  • -$660Securities gains (losses)
  • $2,568Applicable income taxes
  • $7,664Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,664Net income attributable to bank
  • $0Net charge-offs
  • $7,664Cash dividends
  • $415Sale, conversion, retirement of capital stock, net
  • $1,749Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 14.49%Return on equity (ROE)
  • 11.18%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 198.31%Credit loss provision to net charge-offs
  • 28.23%Efficiency ratio
  • 54,795Assets per employee
  • 4.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.82%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 246.06%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 56.37%Net loans and leases to core deposits
  • 59.11%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 13.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $703,116Average earning assets
  • $52,891Average equity
  • $667,253Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $99,402Managed Assets
  • 1Number of Accounts
  • $94,364Personal trust and agency accounts
  • $11,442Employee benefit-defined contribution accounts
  • $15,528Employee benefit-defined benefit accounts
  • $14,198Other retirement accounts
  • $13,439Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $35,712Other fiduciary accounts
  • $4,045Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 274Number of Accounts
  • $0Personal trust and agency accounts
  • $12,770Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,038Other retirement accounts
  • $0Corporate trust and agency accounts
  • $4,163Other fiduciary accounts
  • $778Fiduciary accounts held in foreign offices

List of branches

  • 14 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    053631st Summit Bank125 Donald Lane, Johnstown, PA 15904January 01, 1924Full Service Brick and Mortar
    1218435Beaverdale Branch401 Cedar Street, Sidman, PA 15955September 22, 1965Full Service Brick and Mortar
    2218436Sidman Branch367 Locust Street, Sidman, PA 15955January 01, 1924Full Service Brick and Mortar
    3218437Salix Branch1148 Forest Hills Drive, Salix, PA 15952August 28, 1980Full Service Brick and Mortar
    4218438Downtown Branch600 Main Street, Johnstown, PA 15901December 06, 1982Full Service Brick and Mortar
    5218439Portage Branch924 Main Street, Portage, PA 15946April 02, 1986Full Service Brick and Mortar
    6218440Westmont Branch1560 Menoher Boulevard, Johnstown, PA 15905October 03, 1988Full Service Brick and Mortar
    7218441Cresson Branch7538 Admiral Peary Highway, Cresson, PA 16630March 04, 1994Full Service Brick and Mortar
    8218442Park Hill Branch454 Park Hill Drive, Johnstown, PA 15909October 09, 1997Full Service Brick and Mortar
    9218443Indiana Branch1825 Oakland Avenue, Indiana, PA 15701May 07, 1999Full Service Brick and Mortar
    10218444Somerset Branch404 North Center Avenue, Somerset, PA 15501July 28, 1999Full Service Brick and Mortar
    11440109Walmart - U.S. Route 302200 Greengate Center Boulevard, Greensburg, PA 15601April 18, 2005Full Service Brick and Mortar
    12441771Johnstown Walmart Branch200 Town Centre Drive, Johnstown, PA 15904October 27, 2004Full Service Brick and Mortar
    13441772Altoona Walmart Branch2600 Plank Road Commons, Altoona, PA 16602November 15, 2004Full Service Brick and Mortar

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