First Northern Bank and Trust Company in Palmerton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Northern Bank and Trust Company in Palmerton, Pennsylvania (PA)
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First Northern Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 7675
    Status: Active
    Federal Reserve ID: 186717
    Bank Holding Company (Regulatory Top Holder): Palm Bancorp (RSSDID: 1117213, Location: Palmerton, PA)
    Date Established: October 24, 1907
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 4969
    Numeric code: 13
    Regulator: FED
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 30, 2011
    Last Structure Change Process Date: January 10, 2012
    Last Data Update: January 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: Fourth Street And Lafayette Avenue, Palmerton, PA 18071
    County: Carbon
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Allentown-Bethlehem-Easton, PA (#240)
    Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
    CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $697.3 mil
    Equity capital: $104.4 mil
    Deposits held in domestic offices: $584.9 mil
    Return on assets (ROA): 1.01% ($7.0 mil)
    Quarterly return on assets: 0.95% ($6.6 mil)
    Return on Equity (ROE): 7.15% ($7.4 mil)
    Quarterly return on equity: 6.40% ($6.7 mil)
    Net income: $6.9 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.25% ($8,716.6 mil)
    Quarterly Pretax return on assets: 1.19% ($8,298.3 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
  • 142Total employees (full-time equivalent)
  • $697,332Total assets
  • $32,839Cash and due from depository institutions
  • $24,854Interest-bearing balances
  • $296,164Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $355,125Net loans & leases
  • $3,805Loan loss allowance
  • $0Trading account assets
  • $3,291Bank premises and fixed assets
  • $3,159Other real estate owned
  • $0Goodwill and other intangibles
  • $697,332Life insurance assets
  • $6,754All other assets
  • $592,957Total liabilities and capital
  • $584,895Total liabilities
  • $502,486Total deposits
  • $584,895Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,062Subordinated debt
  • $104,375All other liabilities
  • $104,375Total equity capital
  • $104,375Total bank equity capital
  • $0Perpetual preferred stock
  • $751Common stock
  • $1,251Surplus
  • $102,373Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,692Income earned, not collected on loans
  • $0Earning assets
  • $3,067Long-term assets (5+ years)
  • $676,143Average Assets, year-to-date
  • $475,899Average Assets, quarterly
  • $687,292Volatile liabilities
  • $696,828Insider loans
  • $343,103FHLB advances
  • $701,355Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $92,603Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,340Restructured Loans and leases
  • $1,086Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,349Total interest income
  • $7,526Total interest expense
  • $23,823Net interest income
  • $536Provision for loan and lease losses
  • $1,673Total noninterest income
  • $6Fiduciary activities
  • $895Service charges on deposit accounts
  • $0Trading account gains & fees
  • $772Additional noninterest income
  • $16,385Total noninterest expense
  • $7,692Salaries and employee benefits
  • $3,508Premises and equipment expense
  • $5,185Additional noninterest expense
  • $8,575Pre-tax net operating income
  • $49Securities gains (losses)
  • $1,699Applicable income taxes
  • $6,925Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,925Net income attributable to bank
  • $0Net charge-offs
  • $6,925Cash dividends
  • $879Sale, conversion, retirement of capital stock, net
  • $2,030Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 7.15%Return on equity (ROE)
  • 5.06%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 60.98%Credit loss provision to net charge-offs
  • 10.37%Efficiency ratio
  • 64,265Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.31%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 17.54%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 6.04%Net loans and leases to deposits
  • 60.72%Net loans and leases to core deposits
  • 63.10%Equity capital to assets
  • 14.97%Core capital (leverage) ratio
  • 13.20%Tier 1 risk-based capital ratio
  • 26.99%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $687,292Average earning assets
  • $96,791Average equity
  • $665,418Average 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
  • $588Managed Assets
  • 1Number of Accounts
  • $588Personal trust and agency accounts
  • $588Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 11 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04969First Northern Bank And Trust CompanFourth Street And Lafayette Avenue, Palmerton, PA 18071October 24, 1907Full Service Brick and Mortar
    1216229Western Poconos BranchRoute 209, Gilbert, PA 18331December 10, 1962Full Service Brick and Mortar
    2216230Sciota BranchRoute 209, Sciota, PA 18354August 25, 1978Full Service Brick and Mortar
    3216231Tannersville BranchRoute 611, Tannersville, PA 18372August 01, 1985Full Service Brick and Mortar
    4216232Blakeslee BranchRoute 940, Blakeslee, PA 18610Febuary 13, 1989Full Service Brick and Mortar
    5216233Mt. Bethel BranchRoute 611, Mount Bethel, PA 18343Febuary 07, 1990Full Service Brick and Mortar
    6216234Egypt Branch2228 Old Post Road Suite E, Coplay, PA 18037June 19, 1996Full Service Brick and Mortar
    7216235Bath Branch383 South Walnut Street, Bath, PA 18014May 01, 1997Full Service Brick and Mortar
    8429659Northampton Branch2 Nor Bath Blvd, Northampton, PA 18067June 22, 2004Full Service Brick and Mortar
    9498622Wind Gap Branch6663 Sullivan Trail, Plainfield Township, Wind Gap, PA 18091October 13, 2009Full Service Brick and Mortar
    10508645Stroudsburg Branch101 Park Avenue, Stroudsburg, PA 18360May 03, 2010Full Service Brick and Mortar

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