Clearfield Bank & Trust Company in Clearfield, Pennsylvania (PA)



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Clearfield Bank & Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)142
Total assets$404,927
Cash and due from depository institutions$9,418
Interest-bearing balances$3,780
Securities$115,120
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$248,627
Loan loss allowance $3,392
Trading account assets$0
Bank premises and fixed assets$9,154
Other real estate owned$434
Goodwill and other intangibles$10,654
All other assets$11,520
Life insurance assets$404,927
Total liabilities and capital$355,608
Total liabilities$345,273
Total deposits$296,060
Interest-bearing deposits$345,273
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $6,335
All other liabilities $49,319
Total equity capital$49,319
Total bank equity capital$49,319
Perpetual preferred stock$0
Common stock$0
Surplus$23,588
Undivided profits $25,731
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $160
Income earned, not collected on loans $3,196
Earning assets $0
Long-term assets (5+ years) $1,174
Average Assets, year-to-date $367,527
Average Assets, quarterly $109,699
Volatile liabilities $385,194
Insider loans $403,711
FHLB advances $244,455
Loans and leases held for sale $392,226
Unused loan commitments $7,861
Tier 1 (core) risk-based capital $1,201
Tier 2 risk-based capital $37,801
Total risk weighted assets $0
Total unused commitments $6,660
Restructured Loans and leases $33,464
Derivatives$3,493
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,043
Total interest expense $3,257
Net interest income $13,786
Provision for loan and lease losses $900
Total noninterest income $4,098
Fiduciary activities $650
Service charges on deposit accounts $1,641
Trading account gains & fees $0
Additional noninterest income $1,807
Total noninterest expense $13,147
Salaries and employee benefits $7,985
Premises and equipment expense $1,804
Additional noninterest expense $3,358
Pre-tax net operating income $3,837
Securities gains (losses) $233
Applicable income taxes $915
Income before extraordinary items $3,155
Extraordinary gains - net $0
Net income attributable to bank $3,155
Net charge-offs $0
Cash dividends $3,155
Sale, conversion, retirement of capital stock, net $771
Net operating income $1,799
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 0.94%
Net interest margin 3.97%
Noninterest income to earning assets 1.18%
Noninterest expense to earning assets 3.78%
Net operating income to assets 0.77%
Return on assets (ROA) 0.82%
Pretax return on assets 1.06%
Return on equity (ROE) 7.46%
Retained earnings to average equity (YTD only) 3.21%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 116.73%
Efficiency ratio6.14%
Assets per employee$72,137
Cash dividends to net income (YTD only)2.85%
Condition Ratios (%)
Loss allowance to loans 57.02%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 106.13%
Noncurrent loans to loans 0.90%
Net loans and leases to deposits1.27%
Net loans and leases to core deposits 72.01%
Equity capital to assets 73.74%
Core capital (leverage) ratio 12.18%
Tier 1 risk-based capital ratio 9.64%
Total risk-based capital ratio 15.46%
Memoranda
Average assets$17
Average earning assets$385,194
Average equity $42,271
Average loans $347,515
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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$74,113
Number of Accounts1
Personal trust and agency accounts$69,756
Employee benefit-defined contribution accounts$51,653
Employee benefit-defined benefit accounts$616
Other retirement accounts$0
Corporate trust and agency accounts$4,234
Investment management agency accounts$0
Other fiduciary accounts$5,353
Fiduciary accounts held in foreign offices$7,900
Non-managed Assets$0
Number of Accounts235
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,357
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$4,157
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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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