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

This bank is inactive as of August 15, 2001

  • The First National Bank of Herminie in Herminie, Pennsylvania (PA)
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The First National Bank of Herminie - Overview

  • General
  • FDIC Certificate #: 7894
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Promistar Bank (#14501)
    Federal Reserve ID: 131520
    Date Established: April 12, 1912
    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 #: 9904
    FDIC's unique #: 5062
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 15, 2001
    Last Structure Change Process Date: October 23, 2001
    Last Data Update: October 23, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 314 Sewickley Avenue, Herminie, PA 15637
    County: Westmoreland
    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
    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: $304.5 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 111Total employees (full-time equivalent)
  • $302,344Total assets
  • $6,585Cash and due from depository institutions
  • $122Interest-bearing balances
  • $92,008Securities
  • $11,400Federal funds sold & reverse repurchase agreements
  • $178,982Net loans & leases
  • $2,174Loan loss allowance
  • $0Trading account assets
  • $3,348Bank premises and fixed assets
  • $0Other real estate owned
  • $52Goodwill and other intangibles
  • $0Life insurance assets
  • $9,969All other assets
  • $302,344Total liabilities and capital
  • $273,296Total liabilities
  • $245,703Total deposits
  • $211,614Interest-bearing deposits
  • $245,703Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,428Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,500Other borrowed funds
  • $0Subordinated debt
  • $3,663All other liabilities
  • $29,050Total equity capital
  • $29,050Total bank equity capital
  • $29,050Perpetual preferred stock
  • $0Common stock
  • $450Surplus
  • $450Undivided profits
  • Memoranda
  • $28,150Noncurrent loans and leases
  • $22,712Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $126Earning assets
  • $0Long-term assets (5+ years)
  • $792Average Assets, year-to-date
  • $282,512Average Assets, quarterly
  • $102,118Volatile liabilities
  • $282,845Insider loans
  • $292,667FHLB advances
  • $20,653Loans and leases held for sale
  • $4,170Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,712Total unused commitments
  • $0Restructured Loans and leases
  • $2,174Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $19,291Total interest income
  • $9,495Total interest expense
  • $9,796Net interest income
  • $240Provision for loan and lease losses
  • $1,722Total noninterest income
  • $0Fiduciary activities
  • $704Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,018Additional noninterest income
  • $8,594Total noninterest expense
  • $4,590Salaries and employee benefits
  • $1,493Premises and equipment expense
  • $2,511Additional noninterest expense
  • $2,684Pre-tax net operating income
  • -$7Securities gains (losses)
  • $622Applicable income taxes
  • $2,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,055Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $733Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.37%Yield on earning assets
  • 3.63%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 7.41%Return on equity (ROE)
  • 4.77%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 727.27%Credit loss provision to net charge-offs
  • 88.61%Efficiency ratio
  • 74,101Assets per employee
  • 2.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.67%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 1725.40%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 72.84%Net loans and leases to core deposits
  • 77.49%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 10.34%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $282,845Average earning assets
  • $27,724Average equity
  • $261,815Average loans

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