The First National Bank of Bradford County in Towanda, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1995

The First National Bank of Bradford County in Towanda, Pennsylvania (PA)
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The First National Bank of Bradford County - Overview

General
FDIC Certificate #: 7782
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northern Central Bank (#13754)
Federal Reserve ID: 76313
Date Established: July 28, 1863
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 10 (Interstate: No)
OTS Docket #: 9000
FDIC's unique #: 5017
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 29, 1995
Last Structure Change Process Date: January 31, 1996
Last Data Update: January 31, 1996
Data Source Date: April 05, 2012
Location
Address: 312 Main Street, Towanda, PA 18848
County: Bradford
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Harrisburg
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Sayre, PA (#42380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $150.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$75Total assets
$154,159Cash and due from depository institutions
$7,882Interest-bearing balances
$44Securities
$59,910Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$80,914Loan loss allowance
$875Trading account assets
$0Bank premises and fixed assets
$3,616Other real estate owned
$33Goodwill and other intangibles
$1,804Life insurance assets
$0All other assets
$0Total liabilities and capital
$154,159Total liabilities
$139,778Total deposits
$123,959Interest-bearing deposits
$107,887Deposits held in domestic offices
123959.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$15,294Subordinated debt
$0All other liabilities
$525Total equity capital
$525Total bank equity capital
$14,381Perpetual preferred stock
$0Common stock
$520Surplus
$1,660Undivided profits
Memoranda
$12,201Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$766Income earned, not collected on loans
$432Earning assets
$140,868Long-term assets (5+ years)
$42,007Average Assets, year-to-date
$150,620Average Assets, quarterly
$154,696Volatile liabilities
$19,572Insider loans
$4,876FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,606Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,436Total risk weighted assets
$77,575Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$10,313Total interest expense
$4,795Net interest income
$5,518Provision for loan and lease losses
$0Total noninterest income
$498Fiduciary activities
$32Service charges on deposit accounts
$342Trading account gains & fees
$0Additional noninterest income
$124Total noninterest expense
$4,038Salaries and employee benefits
$1,901Premises and equipment expense
$654Additional noninterest expense
$1,483Pre-tax net operating income
$1,978Securities gains (losses)
$137Applicable income taxes
$531Income before extraordinary items
$1,584Extraordinary gains - net
$0Net income attributable to bank
$1,584Net charge-offs
$57Cash dividends
$579Sale, 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
7.47%Cost of funding earning assets
3.47%Net interest margin
4.00%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
2.93%Net operating income to assets
0.98%Return on assets (ROA)
1.05%Pretax return on assets
1.40%Return on equity (ROE)
11.11%Retained earnings to average equity (YTD only)
7.05%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,121Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.55%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
114.23%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.94%Net loans and leases to deposits
65.27%Net loans and leases to core deposits
71.50%Equity capital to assets
9.33%Core capital (leverage) ratio
9.46%Tier 1 risk-based capital ratio
18.61%Total risk-based capital ratio
Memoranda
$20Average assets
$150,620Average earning assets
$14,251Average equity
$138,004Average loans

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