Bank of Hanover and Trust Company in Hanover, Pennsylvania (PA)



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Bank of Hanover and Trust Company
GeneralFDIC Certificate #: 12986
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BLC Bank N. A. (#7768)
Federal Reserve ID: 438715
Date Established: April 15, 1835
WWW: http://www.bankofhanover.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 18 (Interstate: No)
OTS Docket #: 9785
FDIC's unique #: 8208
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 25, 2007
Last Structure Change Process Date: June 06, 2007
Last Data Update: June 06, 2007
Data Source Date: April 05, 2012
LocationAddress: 25 Carlisle Street, Hanover, PA 17331
County: York
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): York, PA (#9280)
Combined Statistical Area (CSA): York-Hanover-Gettysburg, PA (#564)
Core Based Statistical Area (CBSA): York-Hanover, PA (#49620)
CBSA Metro Statistical Area: York-Hanover, PA (#49620)
Financial SummaryTotal assets: $831.3 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)153
Total assets$816,701
Cash and due from depository institutions$21,783
Interest-bearing balances$1,013
Securities$206,315
Federal funds sold & reverse repurchase agreements$21,375
Net loans & leases$547,142
Loan loss allowance $5,394
Trading account assets$0
Bank premises and fixed assets$7,469
Other real estate owned$0
Goodwill and other intangibles$733
All other assets$11,884
Life insurance assets$1,450
Total liabilities and capital$816,701
Total liabilities$747,459
Total deposits$701,752
Interest-bearing deposits$633,877
Deposits held in domestic offices$701,752
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $4,471
Trading liabilities$0
Other borrowed funds $30,338
Subordinated debt $0
All other liabilities $10,898
Total equity capital$69,242
Total bank equity capital$69,242
Perpetual preferred stock$69,242
Common stock$0
Surplus$999
Undivided profits $19,033
Memoranda
Noncurrent loans and leases $49,210
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $149,172
Income earned, not collected on loans $0
Earning assets $790
Long-term assets (5+ years) $0
Average Assets, year-to-date $4,984
Average Assets, quarterly $775,845
Volatile liabilities $306,087
Insider loans $788,975
FHLB advances $815,842
Loans and leases held for sale $88,990
Unused loan commitments $3,051
Tier 1 (core) risk-based capital $30,000
Tier 2 risk-based capital $5,000
Total risk weighted assets $1,148
Total unused commitments $149,172
Restructured Loans and leases $0
Derivatives$5,556
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $46,886
Total interest expense $20,587
Net interest income $26,299
Provision for loan and lease losses $1,700
Total noninterest income $4,718
Fiduciary activities $0
Service charges on deposit accounts $2,577
Trading account gains & fees $0
Additional noninterest income $2,141
Total noninterest expense $21,552
Salaries and employee benefits $6,548
Premises and equipment expense $2,709
Additional noninterest expense $12,295
Pre-tax net operating income $7,765
Securities gains (losses) $150
Applicable income taxes $1,083
Income before extraordinary items $6,832
Extraordinary gains - net $0
Net income attributable to bank $6,832
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $873
Net operating income $0
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.26%
Cost of funding earning assets 2.75%
Net interest margin 3.51%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 2.88%
Net operating income to assets 0.85%
Return on assets (ROA) 0.87%
Pretax return on assets 1.00%
Return on equity (ROE) 10.49%
Retained earnings to average equity (YTD only) 10.49%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 194.73%
Efficiency ratio10.84%
Assets per employee$69,484
Cash dividends to net income (YTD only)5.34%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.98%
Noncurrent assets plus other real estate owned to assets 682.78%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.14%
Net loans and leases to core deposits 77.97%
Equity capital to assets 87.88%
Core capital (leverage) ratio 8.48%
Tier 1 risk-based capital ratio 8.50%
Total risk-based capital ratio 11.96%
Memoranda
Average assets$13
Average earning assets$788,975
Average equity $65,104
Average loans $749,440
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$192,953
Number of Accounts1
Personal trust and agency accounts$150,133
Employee benefit-defined contribution accounts$86,451
Employee benefit-defined benefit accounts$8,212
Other retirement accounts$15,808
Corporate trust and agency accounts$16,525
Investment management agency accounts$22,790
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$347
Number of Accounts848
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$42,820
Corporate trust and agency accounts$18,842
Other fiduciary accounts$11,268
Fiduciary accounts held in foreign offices$3,919
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