Mercer County State Bank in Sandy Lake, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mercer County State Bank - Overview

  • General
  • FDIC Certificate #: 445
    Status: Active
    Federal Reserve ID: 866121
    Bank Holding Company (Regulatory Top Holder): Mercer County State Bancorp, Inc. (RSSDID: 1247183, Location: Sandy Lake, PA)
    Date Established: June 20, 1911
    WWW: http://www.mcsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 9674
    FDIC's unique #: 342
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 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: 3279 South Main Street, Sandy Lake, PA 16145
    County: Mercer
    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): Sharon, PA (#7610)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $312.6 mil
    Equity capital: $31.9 mil
    Deposits held in domestic offices: $267.5 mil
    Return on assets (ROA): 0.79% ($2.5 mil)
    Quarterly return on assets: 0.64% ($2.0 mil)
    Return on Equity (ROE): 7.85% ($2.5 mil)
    Quarterly return on equity: 6.26% ($2.0 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.98% ($3,063.0 mil)
    Quarterly Pretax return on assets: 0.76% ($2,375.4 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
  • 99Total employees (full-time equivalent)
  • $312,552Total assets
  • $12,022Cash and due from depository institutions
  • $9,062Interest-bearing balances
  • $124,407Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $154,047Net loans & leases
  • $2,180Loan loss allowance
  • $0Trading account assets
  • $6,757Bank premises and fixed assets
  • $503Other real estate owned
  • $2,475Goodwill and other intangibles
  • $312,552Life insurance assets
  • $12,341All other assets
  • $280,628Total liabilities and capital
  • $267,472Total liabilities
  • $216,263Total deposits
  • $267,472Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,809Trading liabilities
  • $0Other borrowed funds
  • $2,347Subordinated debt
  • $31,924All other liabilities
  • $31,924Total equity capital
  • $31,924Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,136Surplus
  • $29,588Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $549Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,386Income earned, not collected on loans
  • $0Earning assets
  • $1,380Long-term assets (5+ years)
  • $287,516Average Assets, year-to-date
  • $209,992Average Assets, quarterly
  • $300,080Volatile liabilities
  • $313,220Insider loans
  • $193,454FHLB advances
  • $309,490Loans and leases held for sale
  • $7,325Unused loan commitments
  • $7,325Tier 1 (core) risk-based capital
  • $27,566Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,889Restructured Loans and leases
  • $252Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,110Total interest income
  • $3,502Total interest expense
  • $9,608Net interest income
  • $250Provision for loan and lease losses
  • $2,846Total noninterest income
  • $0Fiduciary activities
  • $1,022Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,824Additional noninterest income
  • $9,310Total noninterest expense
  • $5,419Salaries and employee benefits
  • $1,165Premises and equipment expense
  • $2,726Additional noninterest expense
  • $2,894Pre-tax net operating income
  • $46Securities gains (losses)
  • $576Applicable income taxes
  • $2,364Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,364Net income attributable to bank
  • $0Net charge-offs
  • $2,364Cash dividends
  • $389Sale, conversion, retirement of capital stock, net
  • $777Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.54%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 7.85%Return on equity (ROE)
  • 5.27%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 64.27%Credit loss provision to net charge-offs
  • 8.08%Efficiency ratio
  • 74,627Assets per employee
  • 3.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.87%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 157.29%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 57.59%Net loans and leases to core deposits
  • 63.24%Equity capital to assets
  • 10.21%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 14.25%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $300,080Average earning assets
  • $30,120Average equity
  • $271,693Average loans

List of branches

  • 10 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0342Mercer County State Bank3279 South Main Street, Sandy Lake, PA 16145June 20, 1911Full Service Brick and Mortar
    1181647Sandy Lake Service Center3309 North Main Street, Sandy Lake, PA 16145December 05, 1974Full Service Brick and Mortar
    2185597Fredonia Branch71 Main Street, Fredonia, PA 16124September 02, 1961Full Service Brick and Mortar
    35089Stoneboro Branch62 Lake Street, Stoneboro, PA 16153Febuary 08, 1903Full Service Brick and Mortar
    4185593Clintonville Branch101 Franklin Street, Clintonville, PA 16372October 15, 1956Full Service Brick and Mortar
    5181648Cochranton Branch110 North Franklin Street, Cochranton, PA 16314January 29, 1997Full Service Brick and Mortar
    6181649Jackson Township Branch811 Franklin Road, Mercer, PA 16137December 22, 1997Full Service Brick and Mortar
    7334309Meadville Branch16411 Conneaut Lake Road, Meadville, PA 16335April 10, 2000Full Service Brick and Mortar
    9185604Cambridge Springs Branch144 Venango Avenue, Cambridge Springs, PA 16403June 13, 1966Full Service Brick and Mortar
    10479025Grove City Branch712 West Main Street, Grove City, PA 16127October 01, 2007Full Service Brick and Mortar

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