Old Forge Bank in Old Forge, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2009

  • Old Forge Bank in Old Forge, Pennsylvania (PA)
  • Show street view No street view available for this location

Old Forge Bank - Overview

  • General
  • FDIC Certificate #: 12291
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Penn Security Bank and Trust Company (#463)
    Federal Reserve ID: 180416
    Date Established: January 01, 1909
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 12098
    FDIC's unique #: 7813
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2009
    Last Structure Change Process Date: May 19, 2009
    Last Data Update: May 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 216 South Main Street, Old Forge, PA 18518
    County: Lackawanna
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
    Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
    CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
  • Financial Summary
  • Total assets: $214.7 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, 2008)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $223,262Total assets
  • $4,275Cash and due from depository institutions
  • $253Interest-bearing balances
  • $39,347Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $168,361Net loans & leases
  • $1,428Loan loss allowance
  • $0Trading account assets
  • $1,701Bank premises and fixed assets
  • $210Other real estate owned
  • $150Goodwill and other intangibles
  • $6,166Life insurance assets
  • $9,218All other assets
  • $223,262Total liabilities and capital
  • $189,783Total liabilities
  • $180,457Total deposits
  • $153,044Interest-bearing deposits
  • $180,457Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,500Other borrowed funds
  • $0Subordinated debt
  • $1,826All other liabilities
  • $33,479Total equity capital
  • $33,479Total bank equity capital
  • $33,479Perpetual preferred stock
  • $0Common stock
  • $1,397Surplus
  • $4,603Undivided profits
  • Memoranda
  • $27,479Noncurrent loans and leases
  • $12,952Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,886Earning assets
  • $0Long-term assets (5+ years)
  • $593Average Assets, year-to-date
  • $207,961Average Assets, quarterly
  • $82,969Volatile liabilities
  • $218,957Insider loans
  • $220,551FHLB advances
  • $31,609Loans and leases held for sale
  • $2,450Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,952Total unused commitments
  • $0Restructured Loans and leases
  • $1,428Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $11,996Total interest income
  • $4,408Total interest expense
  • $7,588Net interest income
  • $300Provision for loan and lease losses
  • $780Total noninterest income
  • $0Fiduciary activities
  • $376Service charges on deposit accounts
  • $0Trading account gains & fees
  • $404Additional noninterest income
  • $5,003Total noninterest expense
  • $2,824Salaries and employee benefits
  • $544Premises and equipment expense
  • $1,635Additional noninterest expense
  • $3,065Pre-tax net operating income
  • $20Securities gains (losses)
  • $565Applicable income taxes
  • $2,520Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,520Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $740Sale, conversion, retirement of capital stock, net
  • $1,565Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 2.17%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 7.47%Return on equity (ROE)
  • 2.83%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 40.54%Credit loss provision to net charge-offs
  • 4.55%Efficiency ratio
  • 59,190Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.10%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 49.48%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 93.30%Net loans and leases to core deposits
  • 113.11%Equity capital to assets
  • 15.00%Core capital (leverage) ratio
  • 15.43%Tier 1 risk-based capital ratio
  • 20.32%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $218,957Average earning assets
  • $33,723Average equity
  • $203,042Average loans

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