Mercer County State Bank in Sandy Lake, Pennsylvania (PA)



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Mercer County State Bank routing number info

Table of contents:
Mercer County State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)99
Total assets$312,552
Cash and due from depository institutions$12,022
Interest-bearing balances$9,062
Securities$124,407
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$154,047
Loan loss allowance $2,180
Trading account assets$0
Bank premises and fixed assets$6,757
Other real estate owned$503
Goodwill and other intangibles$2,475
All other assets$12,341
Life insurance assets$312,552
Total liabilities and capital$280,628
Total liabilities$267,472
Total deposits$216,263
Interest-bearing deposits$267,472
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,809
Other borrowed funds $0
Subordinated debt $2,347
All other liabilities $31,924
Total equity capital$31,924
Total bank equity capital$31,924
Perpetual preferred stock$0
Common stock$200
Surplus$2,136
Undivided profits $29,588
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $549
Income earned, not collected on loans $1,386
Earning assets $0
Long-term assets (5+ years) $1,380
Average Assets, year-to-date $287,516
Average Assets, quarterly $209,992
Volatile liabilities $300,080
Insider loans $313,220
FHLB advances $193,454
Loans and leases held for sale $309,490
Unused loan commitments $7,325
Tier 1 (core) risk-based capital $7,325
Tier 2 risk-based capital $27,566
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,889
Derivatives$252
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,110
Total interest expense $3,502
Net interest income $9,608
Provision for loan and lease losses $250
Total noninterest income $2,846
Fiduciary activities $0
Service charges on deposit accounts $1,022
Trading account gains & fees $0
Additional noninterest income $1,824
Total noninterest expense $9,310
Salaries and employee benefits $5,419
Premises and equipment expense $1,165
Additional noninterest expense $2,726
Pre-tax net operating income $2,894
Securities gains (losses) $46
Applicable income taxes $576
Income before extraordinary items $2,364
Extraordinary gains - net $0
Net income attributable to bank $2,364
Net charge-offs $0
Cash dividends $2,364
Sale, conversion, retirement of capital stock, net $389
Net operating income $777
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.83%
Cost of funding earning assets 1.29%
Net interest margin 3.54%
Noninterest income to earning assets 1.05%
Noninterest expense to earning assets 3.43%
Net operating income to assets 0.78%
Return on assets (ROA) 0.79%
Pretax return on assets 0.98%
Return on equity (ROE) 7.85%
Retained earnings to average equity (YTD only) 5.27%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 64.27%
Efficiency ratio8.08%
Assets per employee$74,627
Cash dividends to net income (YTD only)3.16%
Condition Ratios (%)
Loss allowance to loans 32.87%
Loss allowance to noncurrent loans 1.40%
Noncurrent assets plus other real estate owned to assets 157.29%
Noncurrent loans to loans 1.22%
Net loans and leases to deposits0.89%
Net loans and leases to core deposits 57.59%
Equity capital to assets 63.24%
Core capital (leverage) ratio 10.21%
Tier 1 risk-based capital ratio 8.91%
Total risk-based capital ratio 14.25%
Memoranda
Average assets$15
Average earning assets$300,080
Average equity $30,120
Average loans $271,693
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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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