The Century National Bank and Trust Company - Overview
General
FDIC Certificate #: 7929 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#14641) Federal Reserve ID: 1014424 Date Established: April 11, 1872 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) OTS Docket #: 9296 FDIC's unique #: 5075 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: December 28, 1998 Last Structure Change Process Date: January 07, 1999 Last Data Update: January 07, 1999 Data Source Date: April 05, 2012
Location
Address: 1 Century Place, Rochester, PA 15074 County: Beaver Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Chicago FDIC Field Office: Wexford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Pittsburgh, PA (#6280) 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: $454.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
188Total employees (full-time equivalent)
$458,672Total assets
$14,148Cash and due from depository institutions
$1,645Interest-bearing balances
$67,647Securities
$11,235Federal funds sold & reverse repurchase agreements
$349,204Net loans & leases
$4,717Loan loss allowance
$0Trading account assets
$11,563Bank premises and fixed assets
$0Other real estate owned
$125Goodwill and other intangibles
$0Life insurance assets
$4,750All other assets
$458,672Total liabilities and capital
$422,251Total liabilities
$393,242Total deposits
$346,013Interest-bearing deposits
$393,242Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$24,000Other borrowed funds
$0Subordinated debt
$5,009All other liabilities
$36,421Total equity capital
$36,421Total bank equity capital
$36,421Perpetual preferred stock
$0Common stock
$1,946Surplus
$3,306Undivided profits
Memoranda
$31,169Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,736Earning assets
$0Long-term assets (5+ years)
$1,606Average Assets, year-to-date
$429,731Average Assets, quarterly
$130,235Volatile liabilities
$435,450Insider loans
$458,782FHLB advances
$42,309Loans and leases held for sale
$32Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,799Total unused commitments
$0Restructured Loans and leases
$346,598Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$34,752Total interest income
$17,338Total interest expense
$17,414Net interest income
$2,070Provision for loan and lease losses
$3,159Total noninterest income
$980Fiduciary activities
$1,472Service charges on deposit accounts
$0Trading account gains & fees
$707Additional noninterest income
$13,371Total noninterest expense
$6,837Salaries and employee benefits
$2,163Premises and equipment expense
$4,371Additional noninterest expense
$5,132Pre-tax net operating income
$0Securities gains (losses)
$879Applicable income taxes
$4,253Income before extraordinary items
$0Extraordinary gains - net
$4,253Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$587Sale, conversion, retirement of capital stock, net
$1,800Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.54%Yield on earning assets
4.26%Cost of funding earning assets
4.28%Net interest margin
0.78%Noninterest income to earning assets
3.28%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.18%Pretax return on assets
12.05%Return on equity (ROE)
6.95%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
352.64%Credit loss provision to net charge-offs
12.27%Efficiency ratio
64,867Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.32%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
126.26%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.06%Net loans and leases to deposits
88.80%Net loans and leases to core deposits
98.39%Equity capital to assets
7.94%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
10.30%Total risk-based capital ratio
Memoranda
$12Average assets
$435,450Average earning assets
$35,294Average equity
$407,073Average loans
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