Omega Bank in Huntingdon, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2008

  • Omega Bank in Huntingdon, Pennsylvania (PA)
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Omega Bank - Overview

  • General
  • FDIC Certificate #: 7533
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First National Bank of Pennsylvania (#7888)
    Federal Reserve ID: 868817
    Date Established: July 22, 1863
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 68 (Interstate: No)
    OTS Docket #: 12024
    FDIC's unique #: 4888
    Numeric code: 13
    Regulator: FED
    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, 2008
    Last Structure Change Process Date: April 09, 2008
    Last Data Update: April 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 431 Penn Street, Huntingdon, PA 16652
    County: Huntingdon
    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
    Core Based Statistical Area (CBSA): Huntingdon, PA (#26500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $1,755.2 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, 2007)

  • Dollar figures in thousands
  • 637Total employees (full-time equivalent)
  • $1,764,218Total assets
  • $62,398Cash and due from depository institutions
  • $2,292Interest-bearing balances
  • $267,167Securities
  • $41,750Federal funds sold & reverse repurchase agreements
  • $1,090,284Net loans & leases
  • $12,886Loan loss allowance
  • $0Trading account assets
  • $24,616Bank premises and fixed assets
  • $6,424Other real estate owned
  • $164,472Goodwill and other intangibles
  • $75,783Life insurance assets
  • $107,107All other assets
  • $1,764,218Total liabilities and capital
  • $1,423,959Total liabilities
  • $1,289,920Total deposits
  • $1,044,921Interest-bearing deposits
  • $1,289,920Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $73,448Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $31,434Other borrowed funds
  • $0Subordinated debt
  • $29,157All other liabilities
  • $340,259Total equity capital
  • $340,259Total bank equity capital
  • $340,259Perpetual preferred stock
  • $0Common stock
  • $231,471Surplus
  • $20,778Undivided profits
  • Memoranda
  • $88,010Noncurrent loans and leases
  • $335,281Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $29,001Earning assets
  • $0Long-term assets (5+ years)
  • $6,929Average Assets, year-to-date
  • $1,401,493Average Assets, quarterly
  • $399,755Volatile liabilities
  • $1,774,378Insider loans
  • $1,760,707FHLB advances
  • $170,874Loans and leases held for sale
  • $16,051Unused loan commitments
  • $31,434Tier 1 (core) risk-based capital
  • $23,760Tier 2 risk-based capital
  • $230Total risk weighted assets
  • $335,281Total unused commitments
  • $0Restructured Loans and leases
  • $13,736Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $93,580Total interest income
  • $30,607Total interest expense
  • $62,973Net interest income
  • $2,155Provision for loan and lease losses
  • $24,138Total noninterest income
  • $4,310Fiduciary activities
  • $10,410Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,418Additional noninterest income
  • $54,756Total noninterest expense
  • $26,688Salaries and employee benefits
  • $8,547Premises and equipment expense
  • $19,521Additional noninterest expense
  • $30,200Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,812Applicable income taxes
  • $22,388Income before extraordinary items
  • $0Extraordinary gains - net
  • $22,388Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6,429Sale, conversion, retirement of capital stock, net
  • $20,176Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.64%Yield on earning assets
  • 2.17%Cost of funding earning assets
  • 4.47%Net interest margin
  • 1.71%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 6.64%Return on equity (ROE)
  • 0.66%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 33.52%Credit loss provision to net charge-offs
  • 5.03%Efficiency ratio
  • 62,013Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.12%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 44.43%Noncurrent assets plus other real estate owned to assets
  • 1.72%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 84.52%Net loans and leases to core deposits
  • 91.05%Equity capital to assets
  • 19.29%Core capital (leverage) ratio
  • 12.20%Tier 1 risk-based capital ratio
  • 16.93%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,774,378Average earning assets
  • $337,166Average equity
  • $1,408,595Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $674,630Managed Assets
  • 1Number of Accounts
  • $529,696Personal trust and agency accounts
  • $292,612Employee benefit-defined contribution accounts
  • $5,231Employee benefit-defined benefit accounts
  • $14,381Other retirement accounts
  • $37,348Corporate trust and agency accounts
  • $18,803Investment management agency accounts
  • $161,321Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1494Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $144,934Other retirement accounts
  • $8,550Corporate trust and agency accounts
  • $65,399Other fiduciary accounts
  • $8,169Fiduciary accounts held in foreign offices

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