Nittany Bank in State College, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 27, 2006

  • Nittany Bank in State College, Pennsylvania (PA)
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Nittany Bank - Overview

  • General
  • FDIC Certificate #: 34880
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National Penn Bank (#7414)
    Federal Reserve ID: 2689306
    Date Established: October 26, 1998
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 15295
    FDIC's unique #: 61943
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: October 26, 1998
    Last Structure Change Effective Date: March 27, 2006
    Last Structure Change Process Date: April 06, 2006
    Last Data Update: April 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 116 East College Street, State College, PA 16801
    County: Centre
    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): State College, PA (#8050)
    Core Based Statistical Area (CBSA): State College, PA (#44300)
    CBSA Metro Statistical Area: State College, PA (#44300)
  • Financial Summary
  • Total assets: $348.0 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, 2005)

  • Dollar figures in thousands
  • 61Total employees (full-time equivalent)
  • $347,970Total assets
  • $9,509Cash and due from depository institutions
  • $5,773Interest-bearing balances
  • $51,969Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $275,098Net loans & leases
  • $2,513Loan loss allowance
  • $0Trading account assets
  • $3,571Bank premises and fixed assets
  • $0Other real estate owned
  • $799Goodwill and other intangibles
  • $0Life insurance assets
  • $7,024All other assets
  • $347,970Total liabilities and capital
  • $323,436Total liabilities
  • $249,292Total deposits
  • $234,929Interest-bearing deposits
  • $249,292Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,777Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $69,540Other borrowed funds
  • $0Subordinated debt
  • $1,827All other liabilities
  • $24,534Total equity capital
  • $24,534Total bank equity capital
  • $24,534Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $16,079Undivided profits
  • Memoranda
  • $8,455Noncurrent loans and leases
  • $35,208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $813Earning assets
  • $798Long-term assets (5+ years)
  • $1,409Average Assets, year-to-date
  • $332,840Average Assets, quarterly
  • $0Volatile liabilities
  • $323,375Insider loans
  • $343,438FHLB advances
  • $179,232Loans and leases held for sale
  • $4,220Unused loan commitments
  • $69,442Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,208Total unused commitments
  • $0Restructured Loans and leases
  • $2,513Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $17,269Total interest income
  • $7,273Total interest expense
  • $9,996Net interest income
  • $352Provision for loan and lease losses
  • $1,774Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,774Additional noninterest income
  • $5,822Total noninterest expense
  • $3,030Salaries and employee benefits
  • $787Premises and equipment expense
  • $2,005Additional noninterest expense
  • $5,596Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,090Applicable income taxes
  • $3,506Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,506Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $37Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 2.33%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 1.87%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 15.39%Return on equity (ROE)
  • 15.39%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 951.35%Credit loss provision to net charge-offs
  • 160.76%Efficiency ratio
  • 49,465Assets per employee
  • 5.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 309.10%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 110.35%Net loans and leases to core deposits
  • 193.22%Equity capital to assets
  • 7.05%Core capital (leverage) ratio
  • 6.84%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $323,375Average earning assets
  • $22,786Average equity
  • $312,086Average loans

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