First Philson Bank, National Association in Berlin, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1999

  • First Philson Bank, National Association in Berlin, Pennsylvania (PA)
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First Philson Bank, National Association - Overview

  • General
  • FDIC Certificate #: 7859
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Promistar Bank (#14501)
    Federal Reserve ID: 117029
    Date Established: April 17, 1900
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 5048
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 15, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 534 Main Street, Berlin, PA 15530
    County: Somerset
    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
    Metropolitan Statistical Area (MSA): Johnstown, PA (#3680)
    Core Based Statistical Area (CBSA): Somerset, PA (#43740)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $219.6 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 103Total employees (full-time equivalent)
  • $211,751Total assets
  • $10,301Cash and due from depository institutions
  • $0Interest-bearing balances
  • $87,774Securities
  • $2,700Federal funds sold & reverse repurchase agreements
  • $104,391Net loans & leases
  • $2,667Loan loss allowance
  • $0Trading account assets
  • $3,503Bank premises and fixed assets
  • $1Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,081All other assets
  • $211,751Total liabilities and capital
  • $188,168Total liabilities
  • $185,303Total deposits
  • $160,590Interest-bearing deposits
  • $185,303Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,807Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $134Other borrowed funds
  • $0Subordinated debt
  • $924All other liabilities
  • $23,583Total equity capital
  • $23,583Total bank equity capital
  • $23,583Perpetual preferred stock
  • $0Common stock
  • $4,356Surplus
  • $11,644Undivided profits
  • Memoranda
  • $7,583Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $227Earning assets
  • $0Long-term assets (5+ years)
  • $606Average Assets, year-to-date
  • $194,865Average Assets, quarterly
  • $55,495Volatile liabilities
  • $206,695Insider loans
  • $211,896FHLB advances
  • $8,997Loans and leases held for sale
  • $868Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,326Total unused commitments
  • $0Restructured Loans and leases
  • $135,370Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $14,787Total interest income
  • $5,871Total interest expense
  • $8,916Net interest income
  • $0Provision for loan and lease losses
  • $1,010Total noninterest income
  • $0Fiduciary activities
  • $595Service charges on deposit accounts
  • $0Trading account gains & fees
  • $415Additional noninterest income
  • $6,065Total noninterest expense
  • $3,325Salaries and employee benefits
  • $907Premises and equipment expense
  • $1,833Additional noninterest expense
  • $3,861Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,025Applicable income taxes
  • $2,836Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,836Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.67%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 4.63%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 12.43%Return on equity (ROE)
  • 5.86%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 91.93%Efficiency ratio
  • 61,102Assets per employee
  • 2.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.89%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 1174.89%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 56.34%Net loans and leases to core deposits
  • 58.57%Equity capital to assets
  • 11.14%Core capital (leverage) ratio
  • 10.89%Tier 1 risk-based capital ratio
  • 17.18%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $206,695Average earning assets
  • $22,816Average equity
  • $192,684Average loans

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