Mechanics Savings Bank in Steelton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 25, 2003

  • Mechanics Savings Bank in Steelton, Pennsylvania (PA)
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Mechanics Savings Bank - Overview

  • General
  • FDIC Certificate #: 28321
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunBank (#441)
    Federal Reserve ID: 258173
    Date Established: January 01, 1900
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1368
    FDIC's unique #: 41155
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: August 09, 1949
    Last Structure Change Effective Date: April 25, 2003
    Last Structure Change Process Date: May 20, 2003
    Last Data Update: May 20, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 51 South Front Street, Steelton, PA 17113
    County: Dauphin
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Harrisburg-Lebanon-Carlisle, PA (#3240)
    Combined Statistical Area (CSA): Harrisburg-Carlisle-Lebanon, PA (#276)
    Core Based Statistical Area (CBSA): Harrisburg-Carlisle, PA (#25420)
    CBSA Metro Statistical Area: Harrisburg-Carlisle, PA (#25420)
  • Financial Summary
  • Total assets: $58.7 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, 2002)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $57,409Total assets
  • $4,747Cash and due from depository institutions
  • $4,462Interest-bearing balances
  • $18,999Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,030Net loans & leases
  • $256Loan loss allowance
  • $0Trading account assets
  • $1,560Bank premises and fixed assets
  • $29Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,044All other assets
  • $57,409Total liabilities and capital
  • $52,247Total liabilities
  • $33,779Total deposits
  • $30,331Interest-bearing deposits
  • $33,779Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,917Other borrowed funds
  • $0Subordinated debt
  • $551All other liabilities
  • $5,162Total equity capital
  • $5,162Total bank equity capital
  • $5,162Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $1,727Undivided profits
  • Memoranda
  • $3,425Noncurrent loans and leases
  • $1,002Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $574Earning assets
  • $0Long-term assets (5+ years)
  • $186Average Assets, year-to-date
  • $52,491Average Assets, quarterly
  • $0Volatile liabilities
  • $56,823Insider loans
  • $57,076FHLB advances
  • $21,418Loans and leases held for sale
  • $299Unused loan commitments
  • $17,917Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $684Total unused commitments
  • $0Restructured Loans and leases
  • $256Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $3,347Total interest income
  • $2,051Total interest expense
  • $1,296Net interest income
  • $143Provision for loan and lease losses
  • $268Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $268Additional noninterest income
  • $1,565Total noninterest expense
  • $812Salaries and employee benefits
  • $287Premises and equipment expense
  • $466Additional noninterest expense
  • -$144Pre-tax net operating income
  • $176Securities gains (losses)
  • -$35Applicable income taxes
  • $67Income before extraordinary items
  • $0Extraordinary gains - net
  • $67Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.45%Yield on earning assets
  • 3.95%Cost of funding earning assets
  • 2.50%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 1.30%Return on equity (ROE)
  • 1.30%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 420.59%Credit loss provision to net charge-offs
  • -0.03%Efficiency ratio
  • 100,064Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 44.60%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 85.94%Net loans and leases to core deposits
  • 95.88%Equity capital to assets
  • 8.99%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 20.18%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $56,823Average earning assets
  • $5,140Average equity
  • $51,892Average loans

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