Omega Bank, National Association in State College, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 19, 2001

  • Omega Bank, National Association in State College, Pennsylvania (PA)
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Omega Bank, National Association - Overview

  • General
  • FDIC Certificate #: 7575
    Status: Inactive
    Closing history: Change in FED-RSSD-ID
    Acquiring institution: Omega Bank (#7533)
    Federal Reserve ID: 63210
    Date Established: January 01, 1849
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 25 (Interstate: No)
    OTS Docket #: 10010
    FDIC's unique #: 4914
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 19, 2001
    Last Structure Change Process Date: December 31, 2001
    Last Data Update: December 31, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 South Allen 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)
  • History of Changes
  • Merger - Without Assistance
    Change in FED-RSSD-ID
  • Financial Summary
  • Total assets: $628.5 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 188Total employees (full-time equivalent)
  • $623,590Total assets
  • $21,556Cash and due from depository institutions
  • $87Interest-bearing balances
  • $103,377Securities
  • $22,150Federal funds sold & reverse repurchase agreements
  • $446,130Net loans & leases
  • $5,460Loan loss allowance
  • $0Trading account assets
  • $4,412Bank premises and fixed assets
  • $0Other real estate owned
  • $81Goodwill and other intangibles
  • $0Life insurance assets
  • $25,884All other assets
  • $623,590Total liabilities and capital
  • $542,926Total liabilities
  • $510,943Total deposits
  • $426,134Interest-bearing deposits
  • $510,943Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,631Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,429Other borrowed funds
  • $0Subordinated debt
  • $4,923All other liabilities
  • $80,664Total equity capital
  • $80,664Total bank equity capital
  • $80,664Perpetual preferred stock
  • $0Common stock
  • $4,373Surplus
  • $8,815Undivided profits
  • Memoranda
  • $67,476Noncurrent loans and leases
  • $85,631Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,396Earning assets
  • $0Long-term assets (5+ years)
  • $3,404Average Assets, year-to-date
  • $571,744Average Assets, quarterly
  • $168,372Volatile liabilities
  • $604,471Insider loans
  • $614,229FHLB advances
  • $61,614Loans and leases held for sale
  • $14,757Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $85,631Total unused commitments
  • $0Restructured Loans and leases
  • $5,460Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $43,339Total interest income
  • $16,783Total interest expense
  • $26,556Net interest income
  • $338Provision for loan and lease losses
  • $6,262Total noninterest income
  • $1,588Fiduciary activities
  • $2,055Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,619Additional noninterest income
  • $19,421Total noninterest expense
  • $6,834Salaries and employee benefits
  • $1,567Premises and equipment expense
  • $11,020Additional noninterest expense
  • $13,059Pre-tax net operating income
  • $1Securities gains (losses)
  • $3,515Applicable income taxes
  • $9,545Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,545Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $404Sale, conversion, retirement of capital stock, net
  • $9,158Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.84%Yield on earning assets
  • 3.03%Cost of funding earning assets
  • 4.80%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 11.92%Return on equity (ROE)
  • 0.48%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 83.66%Credit loss provision to net charge-offs
  • 33.16%Efficiency ratio
  • 59,147Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.95%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 391.12%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 87.32%Net loans and leases to core deposits
  • 94.43%Equity capital to assets
  • 12.94%Core capital (leverage) ratio
  • 13.26%Tier 1 risk-based capital ratio
  • 18.29%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $604,471Average earning assets
  • $80,065Average equity
  • $553,065Average loans

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