The Armstrong County Trust Company in Kittanning, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

  • The Armstrong County Trust Company in Kittanning, Pennsylvania (PA)
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The Armstrong County Trust Company - Overview

  • General
  • FDIC Certificate #: 12988
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Promistar Bank (#14501)
    Federal Reserve ID: 975621
    Date Established: Febuary 02, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 8210
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 14, 1996
    Last Structure Change Process Date: June 27, 1996
    Last Data Update: June 27, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 227 Market Street, Kittanning, PA 16201
    County: Armstrong
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Wexford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
    Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300)
    CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
  • Financial Summary
  • Total assets: $48.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $51,546Cash and due from depository institutions
  • $1,431Interest-bearing balances
  • $123Securities
  • $38,285Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $10,905Loan loss allowance
  • $150Trading account assets
  • $0Bank premises and fixed assets
  • $313Other real estate owned
  • $0Goodwill and other intangibles
  • $612Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $51,546Total liabilities
  • $43,176Total deposits
  • $38,665Interest-bearing deposits
  • $33,702Deposits held in domestic offices
  • 38665.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,000Subordinated debt
  • $0All other liabilities
  • $511Total equity capital
  • $511Total bank equity capital
  • $8,370Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $850Undivided profits
  • Memoranda
  • $7,120Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $131Income earned, not collected on loans
  • $53Earning assets
  • $49,313Long-term assets (5+ years)
  • $41,790Average Assets, year-to-date
  • $46,969Average Assets, quarterly
  • $51,129Volatile liabilities
  • $8,421Insider loans
  • $531FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $186Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,898Total risk weighted assets
  • $15,615Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,302Total interest expense
  • $1,484Net interest income
  • $1,818Provision for loan and lease losses
  • $38Total noninterest income
  • $63Fiduciary activities
  • $0Service charges on deposit accounts
  • $31Trading account gains & fees
  • $0Additional noninterest income
  • $32Total noninterest expense
  • $1,170Salaries and employee benefits
  • $474Premises and equipment expense
  • $159Additional noninterest expense
  • $537Pre-tax net operating income
  • $673Securities gains (losses)
  • $164Applicable income taxes
  • $190Income before extraordinary items
  • $647Extraordinary gains - net
  • $0Net income attributable to bank
  • $647Net charge-offs
  • $36Cash dividends
  • $486Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.39%Cost of funding earning assets
  • 3.32%Net interest margin
  • 4.07%Noninterest income to earning assets
  • 0.14%Noninterest expense to earning assets
  • 2.62%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 8.22%Retained earnings to average equity (YTD only)
  • 2.05%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 105.56%Efficiency ratio
  • 62,201Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.12%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 114.50%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 28.20%Net loans and leases to core deposits
  • 31.84%Equity capital to assets
  • 16.24%Core capital (leverage) ratio
  • 15.74%Tier 1 risk-based capital ratio
  • 50.58%Total risk-based capital ratio
  • Memoranda
  • $52Average assets
  • $46,969Average earning assets
  • $7,867Average equity
  • $44,707Average loans

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