Centra Bank-Smithfield in Smithfield, Pennsylvania (PA)



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Centra Bank-Smithfield
GeneralFDIC Certificate #: 17766
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Centra Bank, Inc. (#35364)
Federal Reserve ID: 212120
Date Established: January 01, 1925
WWW: http://www.smithfieldstatebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 11720
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: June 04, 1957
Last Structure Change Effective Date: January 29, 2007
Last Structure Change Process Date: Febuary 16, 2007
Last Data Update: Febuary 16, 2007
Data Source Date: April 05, 2012
LocationAddress: 69 Main Street, Smithfield, PA 15478
County: Fayette
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
FDIC Field Office: Wexford
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Pittsburgh, PA (#6280)
Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300)
CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
Financial SummaryTotal assets: $249.1 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)50
Total assets$249,092
Cash and due from depository institutions$5,381
Interest-bearing balances$108
Securities$78,501
Federal funds sold & reverse repurchase agreements$37,908
Net loans & leases$107,857
Loan loss allowance $2,756
Trading account assets$0
Bank premises and fixed assets$1,408
Other real estate owned$10
Goodwill and other intangibles$16,271
All other assets$1,756
Life insurance assets$0
Total liabilities and capital$249,092
Total liabilities$219,792
Total deposits$217,554
Interest-bearing deposits$189,370
Deposits held in domestic offices$217,554
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,238
Total equity capital$29,300
Total bank equity capital$29,300
Perpetual preferred stock$29,300
Common stock$0
Surplus$180
Undivided profits $27,819
Memoranda
Noncurrent loans and leases $1,301
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,315
Income earned, not collected on loans $0
Earning assets $296
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,517
Average Assets, quarterly $224,374
Volatile liabilities $83,324
Insider loans $236,812
FHLB advances $241,849
Loans and leases held for sale $40,410
Unused loan commitments $210
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,315
Restructured Loans and leases $0
Derivatives$1,669
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $6,899
Total interest expense $2,711
Net interest income $4,188
Provision for loan and lease losses $5
Total noninterest income $419
Fiduciary activities $0
Service charges on deposit accounts $233
Trading account gains & fees $0
Additional noninterest income $186
Total noninterest expense $3,046
Salaries and employee benefits $1,327
Premises and equipment expense $290
Additional noninterest expense $1,429
Pre-tax net operating income $1,556
Securities gains (losses) $0
Applicable income taxes $633
Income before extraordinary items $923
Extraordinary gains - net $0
Net income attributable to bank $923
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$80
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 assets3.13%
Cost of funding earning assets 1.23%
Net interest margin 1.90%
Noninterest income to earning assets 0.19%
Noninterest expense to earning assets 1.38%
Net operating income to assets 0.39%
Return on assets (ROA) 0.39%
Pretax return on assets 0.66%
Return on equity (ROE) 4.40%
Retained earnings to average equity (YTD only) 4.40%
Net charge-offs to loans -0.11%
Credit loss provision to net charge-offs -6.25%
Efficiency ratio0.00%
Assets per employee$66,117
Cash dividends to net income (YTD only)4.98%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.49%
Noncurrent assets plus other real estate owned to assets 931.08%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.27%
Net loans and leases to core deposits 49.58%
Equity capital to assets 60.89%
Core capital (leverage) ratio 11.76%
Tier 1 risk-based capital ratio 5.67%
Total risk-based capital ratio 9.55%
Memoranda
Average assets$11
Average earning assets$236,812
Average equity $20,969
Average loans $220,247
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