The Everett Bank in Everett, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 1995

  • The Everett Bank in Everett, Pennsylvania (PA)
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The Everett Bank - Overview

  • General
  • FDIC Certificate #: 16867
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mid-State Bank and Trust Company (#9896)
    Federal Reserve ID: 549219
    Date Established: January 03, 1950
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 10963
    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 03, 1950
    Last Structure Change Effective Date: October 10, 1995
    Last Structure Change Process Date: Febuary 07, 1996
    Last Data Update: Febuary 07, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 East Main Street, Everett, PA 15537
    County: Bedford
    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
  • Financial Summary
  • Total assets: $74.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $69,721Cash and due from depository institutions
  • $4,068Interest-bearing balances
  • $1,091Securities
  • $18,227Federal funds sold & reverse repurchase agreements
  • $5,900Net loans & leases
  • $38,707Loan loss allowance
  • $184Trading account assets
  • $0Bank premises and fixed assets
  • $2,022Other real estate owned
  • $0Goodwill and other intangibles
  • $797Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $69,721Total liabilities
  • $62,411Total deposits
  • $61,935Interest-bearing deposits
  • $53,783Deposits held in domestic offices
  • 61935.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $476Total equity capital
  • $476Total bank equity capital
  • $7,310Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $1,250Undivided profits
  • Memoranda
  • $6,010Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $214Income earned, not collected on loans
  • $189Earning assets
  • $63,925Long-term assets (5+ years)
  • $11,966Average Assets, year-to-date
  • $71,719Average Assets, quarterly
  • $70,823Volatile liabilities
  • $3,288Insider loans
  • $743FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $678Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,545Total risk weighted assets
  • $38,300Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,088Total interest expense
  • $2,008Net interest income
  • $3,080Provision for loan and lease losses
  • $0Total noninterest income
  • $146Fiduciary activities
  • $0Service charges on deposit accounts
  • $90Trading account gains & fees
  • $0Additional noninterest income
  • $56Total noninterest expense
  • $2,145Salaries and employee benefits
  • $1,128Premises and equipment expense
  • $305Additional noninterest expense
  • $712Pre-tax net operating income
  • $1,081Securities gains (losses)
  • $0Applicable income taxes
  • $280Income before extraordinary items
  • $801Extraordinary gains - net
  • $0Net income attributable to bank
  • $801Net charge-offs
  • $0Cash dividends
  • $216Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.72%Cost of funding earning assets
  • 3.05%Net interest margin
  • 4.67%Noninterest income to earning assets
  • 0.22%Noninterest expense to earning assets
  • 3.25%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 1.51%Return on equity (ROE)
  • 10.86%Retained earnings to average equity (YTD only)
  • 7.93%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,491Assets per employee
  • 1.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.97%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 85.98%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 62.50%Net loans and leases to core deposits
  • 66.00%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 19.70%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $71,719Average earning assets
  • $7,376Average equity
  • $65,905Average loans

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