C&G Savings Bank in Altoona, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • C&G Savings Bank in Altoona, Pennsylvania (PA)
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C&G Savings Bank - Overview

  • General
  • FDIC Certificate #: 30119
    Status: Active
    Federal Reserve ID: 805876
    Date Established: January 01, 1939
    WWW: http://www.cgsbonline.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 4779
    FDIC's unique #: 42953
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: November 26, 1940
    Last Structure Change Effective Date: July 10, 2008
    Last Structure Change Process Date: July 10, 2008
    Last Data Update: July 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1201 12th Street, Altoona, PA 16601
    County: Blair
    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): Altoona, PA (#280)
    Core Based Statistical Area (CBSA): Altoona, PA (#11020)
    CBSA Metro Statistical Area: Altoona, PA (#11020)
  • Financial Summary
  • Total assets: $134.6 mil
    Equity capital: $17.9 mil
    Deposits held in domestic offices: $103.6 mil
    Return on assets (ROA): 0.41% ($0.6 mil)
    Quarterly return on assets: 0.39% ($0.5 mil)
    Return on Equity (ROE): 3.07% ($0.6 mil)
    Quarterly return on equity: 2.91% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.62% ($834.5 mil)
    Quarterly Pretax return on assets: 0.59% ($794.1 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
  • 40Total employees (full-time equivalent)
  • $134,599Total assets
  • $16,369Cash and due from depository institutions
  • $14,282Interest-bearing balances
  • $19,384Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $94,560Net loans & leases
  • $621Loan loss allowance
  • $0Trading account assets
  • $1,900Bank premises and fixed assets
  • $444Other real estate owned
  • $0Goodwill and other intangibles
  • $134,599Life insurance assets
  • $1,942All other assets
  • $116,706Total liabilities and capital
  • $103,619Total liabilities
  • $89,150Total deposits
  • $103,619Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,594Trading liabilities
  • $0Other borrowed funds
  • $493Subordinated debt
  • $17,893All other liabilities
  • $17,893Total equity capital
  • $17,893Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $17,893Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $680Income earned, not collected on loans
  • $0Earning assets
  • $456Long-term assets (5+ years)
  • $128,226Average Assets, year-to-date
  • $91,697Average Assets, quarterly
  • $131,948Volatile liabilities
  • $134,567Insider loans
  • $67,767FHLB advances
  • $134,246Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,425Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,852Restructured Loans and leases
  • $172Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,809Total interest income
  • $1,638Total interest expense
  • $4,171Net interest income
  • $105Provision for loan and lease losses
  • $537Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $180Additional noninterest income
  • $3,780Total noninterest expense
  • $2,148Salaries and employee benefits
  • $539Premises and equipment expense
  • $1,093Additional noninterest expense
  • $823Pre-tax net operating income
  • $0Securities gains (losses)
  • $280Applicable income taxes
  • $543Income before extraordinary items
  • $0Extraordinary gains - net
  • $543Net income attributable to bank
  • $0Net charge-offs
  • $543Cash dividends
  • $167Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 3.07%Return on equity (ROE)
  • 3.07%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 62.87%Credit loss provision to net charge-offs
  • 5.56%Efficiency ratio
  • 80,289Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.65%Loss allowance to noncurrent loans
  • 91.32%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 91.26%Net loans and leases to core deposits
  • 91.71%Equity capital to assets
  • 13.29%Core capital (leverage) ratio
  • 12.98%Tier 1 risk-based capital ratio
  • 25.71%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $131,948Average earning assets
  • $17,672Average equity
  • $125,945Average loans

List of branches

  • 6 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042953C&G Savings Bank1201 12th Street, Altoona, PA 16601January 01, 1939Full Service Brick and Mortar
    1278700408 Allegheny Street Branch408 Allegheny Street, Hollidaysburg, PA 16648January 01, 1939Full Service Brick and Mortar
    10143162Gallitzin Branch117 Chestnut Street, Gallitzin, PA 16641January 01, 1886Full Service Brick and Mortar
    102280033Patton Plaza Branch433 Railroad Ave, Patton, PA 16668January 01, 1886Full Service Brick and Mortar
    104334303Altoona Branch3301 Pleasant Valley Boulevard, Altoona, PA 16602March 27, 2000Full Service Brick and Mortar
    105356710Nanty Glo Branch1306 Shoemaker Street, Nanty Glo, PA 15943January 01, 1924Full Service Brick and Mortar

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