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



Show street view No street view available for this location
Table of contents:
The First National Bank of Herminie
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)111
Total assets$302,344
Cash and due from depository institutions$6,585
Interest-bearing balances$122
Securities$92,008
Federal funds sold & reverse repurchase agreements$11,400
Net loans & leases$178,982
Loan loss allowance $2,174
Trading account assets$0
Bank premises and fixed assets$3,348
Other real estate owned$0
Goodwill and other intangibles$52
All other assets$9,969
Life insurance assets$0
Total liabilities and capital$302,344
Total liabilities$273,296
Total deposits$245,703
Interest-bearing deposits$211,614
Deposits held in domestic offices$245,703
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $5,428
Trading liabilities$0
Other borrowed funds $18,500
Subordinated debt $0
All other liabilities $3,663
Total equity capital$29,050
Total bank equity capital$29,050
Perpetual preferred stock$29,050
Common stock$0
Surplus$450
Undivided profits $450
Memoranda
Noncurrent loans and leases $28,150
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $22,712
Income earned, not collected on loans $0
Earning assets $126
Long-term assets (5+ years) $0
Average Assets, year-to-date $792
Average Assets, quarterly $282,512
Volatile liabilities $102,118
Insider loans $282,845
FHLB advances $292,667
Loans and leases held for sale $20,653
Unused loan commitments $4,170
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $22,712
Restructured Loans and leases $0
Derivatives$2,174
Back to page top, Back to table top

Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $19,291
Total interest expense $9,495
Net interest income $9,796
Provision for loan and lease losses $240
Total noninterest income $1,722
Fiduciary activities $0
Service charges on deposit accounts $704
Trading account gains & fees $0
Additional noninterest income $1,018
Total noninterest expense $8,594
Salaries and employee benefits $4,590
Premises and equipment expense $1,493
Additional noninterest expense $2,511
Pre-tax net operating income $2,684
Securities gains (losses) -$7
Applicable income taxes $622
Income before extraordinary items $2,055
Extraordinary gains - net $0
Net income attributable to bank $2,055
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $33
Net operating income $733
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.37%
Cost of funding earning assets 3.63%
Net interest margin 3.74%
Noninterest income to earning assets 0.66%
Noninterest expense to earning assets 3.28%
Net operating income to assets 0.73%
Return on assets (ROA) 0.73%
Pretax return on assets 0.95%
Return on equity (ROE) 7.41%
Retained earnings to average equity (YTD only) 4.77%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 727.27%
Efficiency ratio88.61%
Assets per employee$74,101
Cash dividends to net income (YTD only)2.72%
Condition Ratios (%)
Loss allowance to loans 35.67%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 1725.40%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 72.84%
Equity capital to assets 77.49%
Core capital (leverage) ratio 9.61%
Tier 1 risk-based capital ratio 10.34%
Total risk-based capital ratio 14.53%
Memoranda
Average assets$16
Average earning assets$282,845
Average equity $27,724
Average loans $261,815
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Herminie.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.