Pocono Community Bank in Stroudsburg, Pennsylvania (PA)



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Pocono Community Bank
GeneralFDIC Certificate #: 34509
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First Keystone Community Bank (#7404)
Federal Reserve ID: 2515441
Date Established: November 21, 1997
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 57787
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: November 21, 1997
Last Structure Change Effective Date: November 01, 2007
Last Structure Change Process Date: November 20, 2007
Last Data Update: November 20, 2007
Data Source Date: April 05, 2012
LocationAddress: 559 Main Street, Stroudsburg, PA 18360
County: Monroe
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
Core Based Statistical Area (CBSA): East Stroudsburg, PA (#20700)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $127.4 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)37
Total assets$138,528
Cash and due from depository institutions$9,561
Interest-bearing balances$5,993
Securities$15,879
Federal funds sold & reverse repurchase agreements$6,022
Net loans & leases$99,121
Loan loss allowance $1,231
Trading account assets$0
Bank premises and fixed assets$2,681
Other real estate owned$0
Goodwill and other intangibles$65
All other assets$5,199
Life insurance assets$2,860
Total liabilities and capital$138,528
Total liabilities$124,173
Total deposits$113,780
Interest-bearing deposits$96,500
Deposits held in domestic offices$113,780
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $9,832
Subordinated debt $0
All other liabilities $561
Total equity capital$14,355
Total bank equity capital$14,355
Perpetual preferred stock$14,355
Common stock$0
Surplus$4,211
Undivided profits $6,176
Memoranda
Noncurrent loans and leases $3,968
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $14,832
Income earned, not collected on loans $0
Earning assets $123
Long-term assets (5+ years) $0
Average Assets, year-to-date $549
Average Assets, quarterly $127,015
Volatile liabilities $50,935
Insider loans $130,884
FHLB advances $133,495
Loans and leases held for sale $27,088
Unused loan commitments $6,979
Tier 1 (core) risk-based capital $9,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $14,832
Restructured Loans and leases $0
Derivatives$1,231
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $7,200
Total interest expense $3,032
Net interest income $4,168
Provision for loan and lease losses $80
Total noninterest income $513
Fiduciary activities $0
Service charges on deposit accounts $242
Trading account gains & fees $0
Additional noninterest income $271
Total noninterest expense $3,215
Salaries and employee benefits $1,668
Premises and equipment expense $434
Additional noninterest expense $1,113
Pre-tax net operating income $1,386
Securities gains (losses) $0
Applicable income taxes $381
Income before extraordinary items $1,005
Extraordinary gains - net $0
Net income attributable to bank $1,005
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $10
Net operating income $0
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.02%
Cost of funding earning assets 2.54%
Net interest margin 3.48%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.69%
Net operating income to assets 0.77%
Return on assets (ROA) 0.77%
Pretax return on assets 1.06%
Return on equity (ROE) 7.33%
Retained earnings to average equity (YTD only) 7.33%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 800.00%
Efficiency ratio146.60%
Assets per employee$68,682
Cash dividends to net income (YTD only)3.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 1000.81%
Noncurrent loans to loans 0.09%
Net loans and leases to deposits0.12%
Net loans and leases to core deposits 87.12%
Equity capital to assets 114.34%
Core capital (leverage) ratio 10.36%
Tier 1 risk-based capital ratio 11.09%
Total risk-based capital ratio 14.10%
Memoranda
Average assets$15
Average earning assets$130,884
Average equity $13,710
Average loans $119,605
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