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

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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
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
Undivided profits $450
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
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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
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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%
Average assets$16
Average earning assets$282,845
Average equity $27,724
Average loans $261,815
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