Clearfield Bank & Trust Company in Clearfield, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Clearfield Bank & Trust Company in Clearfield, Pennsylvania (PA)
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Clearfield Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 11116
    Status: Active
    Federal Reserve ID: 975911
    Bank Holding Company (Regulatory Top Holder): Cbt Financial Corp. (RSSDID: 3159244, Location: Clearfield, PA)
    Date Established: January 15, 1902
    WWW: http://www.cbtfinancial.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 12162
    FDIC's unique #: 7099
    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: January 16, 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: 11 North 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $404.9 mil
    Equity capital: $49.3 mil
    Deposits held in domestic offices: $345.3 mil
    Return on assets (ROA): 0.82% ($3.3 mil)
    Quarterly return on assets: 0.65% ($2.6 mil)
    Return on Equity (ROE): 7.46% ($3.7 mil)
    Quarterly return on equity: 5.37% ($2.6 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.06% ($4,292.2 mil)
    Quarterly Pretax return on assets: 0.77% ($3,117.9 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
  • 142Total employees (full-time equivalent)
  • $404,927Total assets
  • $9,418Cash and due from depository institutions
  • $3,780Interest-bearing balances
  • $115,120Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $248,627Net loans & leases
  • $3,392Loan loss allowance
  • $0Trading account assets
  • $9,154Bank premises and fixed assets
  • $434Other real estate owned
  • $10,654Goodwill and other intangibles
  • $404,927Life insurance assets
  • $11,520All other assets
  • $355,608Total liabilities and capital
  • $345,273Total liabilities
  • $296,060Total deposits
  • $345,273Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $6,335Subordinated debt
  • $49,319All other liabilities
  • $49,319Total equity capital
  • $49,319Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $23,588Surplus
  • $25,731Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $160Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,196Income earned, not collected on loans
  • $0Earning assets
  • $1,174Long-term assets (5+ years)
  • $367,527Average Assets, year-to-date
  • $109,699Average Assets, quarterly
  • $385,194Volatile liabilities
  • $403,711Insider loans
  • $244,455FHLB advances
  • $392,226Loans and leases held for sale
  • $7,861Unused loan commitments
  • $1,201Tier 1 (core) risk-based capital
  • $37,801Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,660Total unused commitments
  • $33,464Restructured Loans and leases
  • $3,493Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,043Total interest income
  • $3,257Total interest expense
  • $13,786Net interest income
  • $900Provision for loan and lease losses
  • $4,098Total noninterest income
  • $650Fiduciary activities
  • $1,641Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,807Additional noninterest income
  • $13,147Total noninterest expense
  • $7,985Salaries and employee benefits
  • $1,804Premises and equipment expense
  • $3,358Additional noninterest expense
  • $3,837Pre-tax net operating income
  • $233Securities gains (losses)
  • $915Applicable income taxes
  • $3,155Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,155Net income attributable to bank
  • $0Net charge-offs
  • $3,155Cash dividends
  • $771Sale, conversion, retirement of capital stock, net
  • $1,799Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.97%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 7.46%Return on equity (ROE)
  • 3.21%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 116.73%Credit loss provision to net charge-offs
  • 6.14%Efficiency ratio
  • 72,137Assets per employee
  • 2.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.02%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 106.13%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 72.01%Net loans and leases to core deposits
  • 73.74%Equity capital to assets
  • 12.18%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 15.46%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $385,194Average earning assets
  • $42,271Average equity
  • $347,515Average 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
  • $74,113Managed Assets
  • 1Number of Accounts
  • $69,756Personal trust and agency accounts
  • $51,653Employee benefit-defined contribution accounts
  • $616Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,234Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5,353Other fiduciary accounts
  • $7,900Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 235Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,357Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,157Fiduciary accounts held in foreign offices

List of branches

  • 13 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07099Clearfield Bank & Trust Company11 North Second Street, Clearfield, PA 16830January 15, 1902Full Service Brick and Mortar
    1224056Clearfield Branch204 Bridge Street, Clearfield, PA 16830July 18, 1960Full Service Brick and Mortar
    3224058Philipsburg Branch19 Irwin Drive Extension, Philipsburg, PA 16866September 13, 1974Full Service Brick and Mortar
    4224059Curwensville Branch407 Walnut Street, Curwensville, PA 16833January 21, 1980Full Service Brick and Mortar
    5224060Dubois Branch91 Beaver Drive, Du Bois, PA 15801September 08, 1988Full Service Brick and Mortar
    6221526Clearfield Branch1935 Daisy Street, Route 322, Clearfield, PA 16830January 22, 1990Full Service Brick and Mortar
    7215851Pine Grove Mills Branch511 Pine Grove Road, State College, PA 16801Febuary 22, 1971Full Service Brick and Mortar
    8215847Huntingdon Drive-Up Branch500 Penn Street, Huntingdon, PA 16652July 01, 1957Limited Service Facility
    9215848Mount Union Branch16 West Shirley Street, Mount Union, PA 17066April 25, 1960Full Service Brick and Mortar
    10215850Three Springs Branch8384 Ashman Street, Three Springs, PA 17264August 31, 1967Full Service Brick and Mortar
    11215852Saxton Branch729 Main Street, Saxton, PA 16678November 25, 1974Full Service Brick and Mortar
    12215853Huntingdon Plaza Branch7571 Huntingdon Plaza Office, Huntingdon, PA 16652March 25, 1976Full Service Brick and Mortar
    13215605Williamsburg Branch101 High Street, Williamsburg, PA 16693Febuary 03, 1964Full Service Brick and Mortar

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