The Farmers National Bank of Kittanning - Overview
General
FDIC Certificate #: 7899 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers and Merchants Bank of Western Pennsylvania, National Association (#7900) Federal Reserve ID: 1000726 Date Established: January 09, 1884 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12725 FDIC's unique #: 5063 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 01, 2008 Last Structure Change Process Date: April 15, 2008 Last Data Update: April 15, 2008 Data Source Date: April 05, 2012
Location
Address: Market And Jefferson Streets, 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: $172.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
29Total employees (full-time equivalent)
$186,270Total assets
$33,553Cash and due from depository institutions
$31,070Interest-bearing balances
$40,476Securities
$0Federal funds sold & reverse repurchase agreements
$107,458Net loans & leases
$1,103Loan loss allowance
$0Trading account assets
$799Bank premises and fixed assets
$310Other real estate owned
$2,175Goodwill and other intangibles
$0Life insurance assets
$1,499All other assets
$186,270Total liabilities and capital
$168,414Total liabilities
$167,766Total deposits
$147,836Interest-bearing deposits
$167,766Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$648All other liabilities
$17,856Total equity capital
$17,856Total bank equity capital
$17,856Perpetual preferred stock
$0Common stock
$128Surplus
$1,987Undivided profits
Memoranda
$15,741Noncurrent loans and leases
$5,613Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,958Earning assets
$0Long-term assets (5+ years)
$803Average Assets, year-to-date
$179,004Average Assets, quarterly
$85,398Volatile liabilities
$178,854Insider loans
$180,467FHLB advances
$8,262Loans and leases held for sale
$1,817Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,613Total unused commitments
$0Restructured Loans and leases
$1,103Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$10,711Total interest income
$5,461Total interest expense
$5,250Net interest income
$0Provision for loan and lease losses
$671Total noninterest income
$0Fiduciary activities
$277Service charges on deposit accounts
$0Trading account gains & fees
$394Additional noninterest income
$2,746Total noninterest expense
$1,320Salaries and employee benefits
$252Premises and equipment expense
$1,174Additional noninterest expense
$3,175Pre-tax net operating income
$1Securities gains (losses)
$788Applicable income taxes
$2,388Income before extraordinary items
$0Extraordinary gains - net
$2,388Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$374Sale, conversion, retirement of capital stock, net
$852Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
3.19%Cost of funding earning assets
3.07%Net interest margin
0.39%Noninterest income to earning assets
1.61%Noninterest expense to earning assets
1.33%Net operating income to assets
1.34%Return on assets (ROA)
1.78%Pretax return on assets
13.99%Return on equity (ROE)
9.00%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
8.49%Efficiency ratio
46,377Assets per employee
6.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.68%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
37.29%Noncurrent assets plus other real estate owned to assets
1.75%Noncurrent loans to loans
2.72%Net loans and leases to deposits
64.05%Net loans and leases to core deposits
67.37%Equity capital to assets
9.59%Core capital (leverage) ratio
8.87%Tier 1 risk-based capital ratio
13.35%Total risk-based capital ratio
Memoranda
$14Average assets
$178,854Average earning assets
$17,071Average equity
$171,022Average loans
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