Penn Security Bank and Trust Company in Scranton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Penn Security Bank and Trust Company - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 217Total employees (full-time equivalent)
  • $921,017Total assets
  • $31,716Cash and due from depository institutions
  • $18,532Interest-bearing balances
  • $190,265Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $624,811Net loans & leases
  • $6,711Loan loss allowance
  • $0Trading account assets
  • $13,095Bank premises and fixed assets
  • $1,571Other real estate owned
  • $27,892Goodwill and other intangibles
  • $921,017Life insurance assets
  • $31,667All other assets
  • $795,610Total liabilities and capital
  • $720,538Total liabilities
  • $585,718Total deposits
  • $720,538Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 9981.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,220Trading liabilities
  • $0Other borrowed funds
  • $6,871Subordinated debt
  • $125,407All other liabilities
  • $125,407Total equity capital
  • $125,407Total bank equity capital
  • $0Perpetual preferred stock
  • $5,370Common stock
  • $60,933Surplus
  • $59,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,940Income earned, not collected on loans
  • $0Earning assets
  • $3,252Long-term assets (5+ years)
  • $833,608Average Assets, year-to-date
  • $367,681Average Assets, quarterly
  • $923,946Volatile liabilities
  • $933,487Insider loans
  • $617,398FHLB advances
  • $911,107Loans and leases held for sale
  • $15,528Unused loan commitments
  • $4,509Tier 1 (core) risk-based capital
  • $94,923Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,019Total unused commitments
  • $171,649Restructured Loans and leases
  • $17,850Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,664Total interest income
  • $7,339Total interest expense
  • $32,325Net interest income
  • $2,381Provision for loan and lease losses
  • $12,031Total noninterest income
  • $1,563Fiduciary activities
  • $2,047Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,421Additional noninterest income
  • $28,692Total noninterest expense
  • $13,687Salaries and employee benefits
  • $3,561Premises and equipment expense
  • $11,444Additional noninterest expense
  • $13,283Pre-tax net operating income
  • $208Securities gains (losses)
  • $3,009Applicable income taxes
  • $10,482Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,482Net income attributable to bank
  • $0Net charge-offs
  • $10,482Cash dividends
  • $2,170Sale, conversion, retirement of capital stock, net
  • $5,504Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.87%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 8.58%Return on equity (ROE)
  • 4.08%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 109.72%Credit loss provision to net charge-offs
  • 7.22%Efficiency ratio
  • 64,000Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.51%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 170.33%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 86.71%Net loans and leases to core deposits
  • 95.33%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 15.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $923,946Average earning assets
  • $122,107Average equity
  • $835,334Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $270,977Managed Assets
  • 1Number of Accounts
  • $259,436Personal trust and agency accounts
  • $102,545Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,026Other retirement accounts
  • $12,756Corporate trust and agency accounts
  • $6,356Investment management agency accounts
  • $114,364Other fiduciary accounts
  • $12,389Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 351Number of Accounts
  • $0Personal trust and agency accounts
  • $12,756Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,541Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,131Other fiduciary accounts
  • $5,454Fiduciary accounts held in foreign offices

List of branches

  • 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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