Penn Security Bank and Trust Company in Scranton, Pennsylvania (PA)



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Penn Security Bank and Trust Company
GeneralFDIC Certificate #: 463
Status: Active
Federal Reserve ID: 528616
Bank Holding Company (Regulatory Top Holder): Penseco Financial Services Corporation (RSSDID: 2623524, Location: Scranton, PA)
Date Established: August 02, 1902
WWW: http://www.pennsecurity.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 15603
FDIC's unique #: 346
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: Commercial Lending Specialization
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
LocationAddress: 150 North Washington Avenue, Scranton, PA 18503
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)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $921.0 mil
Equity capital: $125.4 mil
Deposits held in domestic offices: $720.5 mil
Return on assets (ROA): 1.13% ($10.4 mil)
Quarterly return on assets: 1.05% ($9.7 mil)
Return on Equity (ROE): 8.58% ($10.7 mil)
Quarterly return on equity: 7.85% ($9.8 mil)
Net income: $10.5 mil
Quarterly Net income: $2.5 mil
Pretax return on assets: 1.46% ($13,446.8 mil)
Quarterly Pretax return on assets: 1.30% ($11,973.2 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)217
Total assets$921,017
Cash and due from depository institutions$31,716
Interest-bearing balances$18,532
Securities$190,265
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$624,811
Loan loss allowance $6,711
Trading account assets$0
Bank premises and fixed assets$13,095
Other real estate owned$1,571
Goodwill and other intangibles$27,892
All other assets$31,667
Life insurance assets$921,017
Total liabilities and capital$795,610
Total liabilities$720,538
Total deposits$585,718
Interest-bearing deposits$720,538
Deposits held in domestic offices$85
% insured (estimated)9981.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$58,220
Other borrowed funds $0
Subordinated debt $6,871
All other liabilities $125,407
Total equity capital$125,407
Total bank equity capital$125,407
Perpetual preferred stock$0
Common stock$5,370
Surplus$60,933
Undivided profits $59,104
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,940
Earning assets $0
Long-term assets (5+ years) $3,252
Average Assets, year-to-date $833,608
Average Assets, quarterly $367,681
Volatile liabilities $923,946
Insider loans $933,487
FHLB advances $617,398
Loans and leases held for sale $911,107
Unused loan commitments $15,528
Tier 1 (core) risk-based capital $4,509
Tier 2 risk-based capital $94,923
Total risk weighted assets $0
Total unused commitments $11,019
Restructured Loans and leases $171,649
Derivatives$17,850
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $39,664
Total interest expense $7,339
Net interest income $32,325
Provision for loan and lease losses $2,381
Total noninterest income $12,031
Fiduciary activities $1,563
Service charges on deposit accounts $2,047
Trading account gains & fees $0
Additional noninterest income $8,421
Total noninterest expense $28,692
Salaries and employee benefits $13,687
Premises and equipment expense $3,561
Additional noninterest expense $11,444
Pre-tax net operating income $13,283
Securities gains (losses) $208
Applicable income taxes $3,009
Income before extraordinary items $10,482
Extraordinary gains - net $0
Net income attributable to bank $10,482
Net charge-offs $0
Cash dividends $10,482
Sale, conversion, retirement of capital stock, net $2,170
Net operating income $5,504
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 0.88%
Net interest margin 3.87%
Noninterest income to earning assets 1.44%
Noninterest expense to earning assets 3.43%
Net operating income to assets 1.12%
Return on assets (ROA) 1.13%
Pretax return on assets 1.46%
Return on equity (ROE) 8.58%
Retained earnings to average equity (YTD only) 4.08%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 109.72%
Efficiency ratio7.22%
Assets per employee$64,000
Cash dividends to net income (YTD only)4.24%
Condition Ratios (%)
Loss allowance to loans 52.51%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 170.33%
Noncurrent loans to loans 0.60%
Net loans and leases to deposits0.62%
Net loans and leases to core deposits 86.71%
Equity capital to assets 95.33%
Core capital (leverage) ratio 13.62%
Tier 1 risk-based capital ratio 10.42%
Total risk-based capital ratio 15.37%
Memoranda
Average assets$16
Average earning assets$923,946
Average equity $122,107
Average loans $835,334
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$270,977
Number of Accounts1
Personal trust and agency accounts$259,436
Employee benefit-defined contribution accounts$102,545
Employee benefit-defined benefit accounts$0
Other retirement accounts$11,026
Corporate trust and agency accounts$12,756
Investment management agency accounts$6,356
Other fiduciary accounts$114,364
Fiduciary accounts held in foreign offices$12,389
Non-managed Assets$0
Number of Accounts351
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$12,756
Employee benefit-defined benefit accounts$0
Other retirement accounts$11,541
Corporate trust and agency accounts$0
Other fiduciary accounts$3,131
Fiduciary accounts held in foreign offices$5,454
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12 Pennsylvania Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0346Penn Security Bank And Trust Company150 North Washington Avenue, Scranton, PA 18503August 02, 1902Full Service Brick and Mortar
1181652Moscow Branch139-145 North Main Street, Moscow, PA 18444October 17, 1966Full Service Brick and Mortar
24075East Scranton Branch968 Prescott Avenue, Scranton, PA 18510June 30, 1923Full Service Brick and Mortar
3340Green Ridge Branch1901 Sanderson Avenue, Scranton, PA 18509August 15, 1910Full Service Brick and Mortar
4181653South Scranton Branch526 Cedar Avenue, Scranton, PA 18505May 10, 1977Full Service Brick and Mortar
5181654Gouldsboro BranchMain And Second Streets, Lehigh Township, PA 18424January 25, 1984Full Service Brick and Mortar
6181655Clarks Summit BranchUs Routes 6 & 11 & Sumner Ave, Clarks Summit, PA 18411December 17, 1984Full Service Brick and Mortar
7181656Mount Pocono Branch406 Pocono Boulevard, Mount Pocono, PA 18344October 03, 1987Full Service Brick and Mortar
9181658East Stroudsburg BranchRoute 209 & Route 447, East Stroudsburg, PA 18301November 21, 1998Full Service Brick and Mortar
107813Old Forge Branch216 South Main Street, Old Forge, PA 18518January 01, 1909Full Service Brick and Mortar
11226826Peckville Branch540 Main Street, Peckville, PA 18452June 30, 1997Full Service Brick and Mortar
12226827Duryea Branch304 Main Street, Duryea, PA 18642December 20, 1996Full Service Brick and Mortar
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