CNB Bank in Clearfield, Pennsylvania (PA)



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CNB Bank
GeneralFDIC Certificate #: 13876
Status: Active
Federal Reserve ID: 399517
Bank Holding Company (Regulatory Top Holder): Cnb Financial Corporation (RSSDID: 1118340, Location: Clearfield, PA)
Date Established: January 27, 1934
WWW: http://www.bankcnb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 27 (Domestic: 27, Interstate: No)
OTS Docket #: 11178
FDIC's unique #: 8676
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: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 09, 1934
Last Structure Change Effective Date: August 05, 2009
Last Structure Change Process Date: August 05, 2009
Last Data Update: August 05, 2009
Data Source Date: April 05, 2012
LocationAddress: One South Second Street, Clearfield, PA 16830
County: Clearfield
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
Core Based Statistical Area (CBSA): DuBois, PA (#20180)
CBSA Micro Statistical Area: Yes
History of ChangesName Change
Financial SummaryTotal assets: $1,579.5 mil
Equity capital: $126.2 mil
Deposits held in domestic offices: $1,354.4 mil
Return on assets (ROA): 0.99% ($15.6 mil)
Quarterly return on assets: 0.94% ($14.9 mil)
Return on Equity (ROE): 12.66% ($16.0 mil)
Quarterly return on equity: 11.62% ($14.6 mil)
Net income: $14.8 mil
Quarterly Net income: $3.7 mil
Pretax return on assets: 1.34% ($21,165.8 mil)
Quarterly Pretax return on assets: 1.25% ($19,744.3 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)281
Total assets$1,579,541
Cash and due from depository institutions$37,429
Interest-bearing balances$13,356
Securities$632,125
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$831,084
Loan loss allowance $11,715
Trading account assets$1,150
Bank premises and fixed assets$22,677
Other real estate owned$505
Goodwill and other intangibles$11,727
All other assets$42,844
Life insurance assets$1,579,541
Total liabilities and capital$1,445,920
Total liabilities$1,354,358
Total deposits$1,201,155
Interest-bearing deposits$1,354,358
Deposits held in domestic offices$66
% insured (estimated)10000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$64,456
Other borrowed funds $0
Subordinated debt $17,106
All other liabilities $133,621
Total equity capital$126,242
Total bank equity capital$126,242
Perpetual preferred stock$0
Common stock$2,300
Surplus$45,772
Undivided profits $78,170
Memoranda
Noncurrent loans and leases $7,379
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,594
Income earned, not collected on loans $16,890
Earning assets $0
Long-term assets (5+ years) $6,516
Average Assets, year-to-date $1,477,715
Average Assets, quarterly $659,630
Volatile liabilities $1,485,396
Insider loans $1,550,476
FHLB advances $913,762
Loans and leases held for sale $1,542,110
Unused loan commitments $25,672
Tier 1 (core) risk-based capital $14,138
Tier 2 risk-based capital $110,232
Total risk weighted assets $3,874
Total unused commitments $7,660
Restructured Loans and leases $233,243
Derivatives$12,272
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $62,816
Total interest expense $16,710
Net interest income $46,106
Provision for loan and lease losses $4,300
Total noninterest income $9,493
Fiduciary activities $1,182
Service charges on deposit accounts $4,234
Trading account gains & fees -$19
Additional noninterest income $4,096
Total noninterest expense $31,542
Salaries and employee benefits $16,772
Premises and equipment expense $4,406
Additional noninterest expense $10,364
Pre-tax net operating income $19,757
Securities gains (losses) $204
Applicable income taxes $5,199
Income before extraordinary items $14,762
Extraordinary gains - net $0
Net income attributable to bank $14,762
Net charge-offs $0
Cash dividends $14,762
Sale, conversion, retirement of capital stock, net $2,414
Net operating income $7,600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.53%
Cost of funding earning assets 1.21%
Net interest margin 3.33%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 2.28%
Net operating income to assets 0.98%
Return on assets (ROA) 0.99%
Pretax return on assets 1.34%
Return on equity (ROE) 12.66%
Retained earnings to average equity (YTD only) 6.14%
Net charge-offs to loans 0.30%
Credit loss provision to net charge-offs 178.13%
Efficiency ratio9.97%
Assets per employee$56,731
Cash dividends to net income (YTD only)5.62%
Condition Ratios (%)
Loss allowance to loans 51.48%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 69.36%
Noncurrent loans to loans 1.10%
Net loans and leases to deposits2.00%
Net loans and leases to core deposits 61.36%
Equity capital to assets 64.33%
Core capital (leverage) ratio 7.99%
Tier 1 risk-based capital ratio 7.15%
Total risk-based capital ratio 12.06%
Memoranda
Average assets$13
Average earning assets$1,485,396
Average equity $116,588
Average loans $1,385,194
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Total Fiduciary and Related Assets (December 31, 2011)
(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$195,928
Number of Accounts1
Personal trust and agency accounts$160,346
Employee benefit-defined contribution accounts$71,690
Employee benefit-defined benefit accounts$9,029
Other retirement accounts$3,206
Corporate trust and agency accounts$17,024
Investment management agency accounts$0
Other fiduciary accounts$29,122
Fiduciary accounts held in foreign offices$30,275
Non-managed Assets$0
Number of Accounts528
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$15,658
Employee benefit-defined benefit accounts$788
Other retirement accounts$35,582
Corporate trust and agency accounts$2,492
Other fiduciary accounts$8,463
Fiduciary accounts held in foreign offices$567
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27 Pennsylvania Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08676Cnb BankOne South Second Street, Clearfield, PA 16830January 27, 1934Full Service Brick and Mortar
1230562Old Town Road Branch1231 Old Town Rd, Clearfield, PA 16830October 01, 1986Full Service Brick and Mortar
2230563Karthaus Branch3602 Main Street, Karthaus, PA 16845August 26, 1957Full Service Brick and Mortar
3230564Madera Branch3046 Main Street, Madera, PA 16661Febuary 13, 1952Full Service Brick and Mortar
4230565Osceola Mills Branch611 Lingle Street, Osceola Mills, PA 16666October 01, 1951Full Service Brick and Mortar
5230566Philipsburg Branch117 East Presqueisle Street, Philipsburg, PA 16866Febuary 21, 1966Full Service Brick and Mortar
7230568St. Marys Branch133 Washington Street, St. Marys, PA 15857November 19, 1992Full Service Brick and Mortar
8230569Philipsburg Plaza Branch25 Irwin Drive, Philipsburg, PA 16866September 14, 1993Full Service Brick and Mortar
9230570St. Marys Fox Township1104 Million Dollar Highway, Kersey, PA 15846August 13, 1994Full Service Brick and Mortar
10230571Bradford West Washington Branch1001 East Main Street, Bradford, PA 16701November 15, 1995Full Service Brick and Mortar
11230572Houtzdale Branch485 Spring Street, Houtzdale, PA 16651January 10, 1996Full Service Brick and Mortar
15230576Dubois Branch1574 Beeline Highway, Du Bois, PA 15801December 16, 1996Full Service Brick and Mortar
16230577Industrial Park Road Branch101 Industrial Park Road, Clearfield, PA 16830Febuary 03, 1997Full Service Brick and Mortar
17230578Punxsutawney Branch559 West Mahoning Street, Punxsutawney, PA 15767Febuary 02, 1990Full Service Brick and Mortar
205008Northern Cambria BranchPo Box 579, Northern Cambria, PA 15714March 01, 1904Full Service Brick and Mortar
21217641Johnsonburg Branch601 Market Street, Johnsonburg, PA 15845December 02, 1963Full Service Brick and Mortar
22217642Kane Branch87 Fraley Street, Kane, PA 16735November 14, 1960Full Service Brick and Mortar
234990Ridgway Branch2070 Court Street, Ridgway, PA 15853August 01, 1901Full Service Brick and Mortar
247102Bradford Main Branch12 Chambers Street, Bradford, PA 16701May 05, 1926Full Service Brick and Mortar
26457260Warren Office Branch301 Pennsylvania Avenue, Suite 101, Warren, PA 16365October 04, 2006Full Service Brick and Mortar
2747005710th Street Branch101 West 10th Street, Erie, PA 16501December 19, 2007Full Service Brick and Mortar
28478272Erie Asbury Road Office Branch2615 Asbury Road, Erie, PA 16506October 15, 2007Full Service Brick and Mortar
29478273Erie Main Office Branch2035 Edinboro Road, Erie, PA 16509June 26, 2008Full Service Brick and Mortar
30489665Buffalo Road Branch5723 Buffalo Road, Harborcreek, PA 16421October 24, 2008Full Service Brick and Mortar
31491964Cherry Street Branch221 East Cherry Street, Clearfield, PA 16830January 01, 2009Full Service Brick and Mortar
32508876Meadville Branch885 Park Avenue, Meadville, PA 16335May 13, 2010Full Service Brick and Mortar
33512609Kylertown Branch111 Rolling Stone Road, Kylertown, PA 16847September 17, 2010Full Service Brick and Mortar
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