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

The First National Bank of Mercersburg - Overview

  • General
  • FDIC Certificate #: 7609
    Status: Active
    Federal Reserve ID: 767817
    Bank Holding Company (Regulatory Top Holder): Mercersburg Financial Corporation (RSSDID: 1143427, Location: Mercersburg, PA)
    Date Established: January 01, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 11277
    FDIC's unique #: 4932
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 12 South Main Street, Mercersburg, PA 17236
    County: Franklin
    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): Chambersburg, PA (#16540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $179.1 mil
    Equity capital: $16.7 mil
    Deposits held in domestic offices: $159.5 mil
    Return on assets (ROA): 0.42% ($0.8 mil)
    Quarterly return on assets: 0.47% ($0.8 mil)
    Return on Equity (ROE): 4.78% ($0.8 mil)
    Quarterly return on equity: 5.09% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.48% ($859.5 mil)
    Quarterly Pretax return on assets: 0.60% ($1,074.4 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, 2011)

  • Dollar figures in thousands
  • 61Total employees (full-time equivalent)
  • $179,061Total assets
  • $9,091Cash and due from depository institutions
  • $14Interest-bearing balances
  • $20,598Securities
  • $4,200Federal funds sold & reverse repurchase agreements
  • $132,037Net loans & leases
  • $2,644Loan loss allowance
  • $0Trading account assets
  • $3,802Bank premises and fixed assets
  • $1,033Other real estate owned
  • $48Goodwill and other intangibles
  • $179,061Life insurance assets
  • $8,252All other assets
  • $162,321Total liabilities and capital
  • $159,454Total liabilities
  • $138,848Total deposits
  • $159,454Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,867Subordinated debt
  • $16,740All other liabilities
  • $16,740Total equity capital
  • $16,740Total bank equity capital
  • $0Perpetual preferred stock
  • $90Common stock
  • $2,590Surplus
  • $14,060Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,877Income earned, not collected on loans
  • $0Earning assets
  • $509Long-term assets (5+ years)
  • $156,849Average Assets, year-to-date
  • $66,326Average Assets, quarterly
  • $182,859Volatile liabilities
  • $180,943Insider loans
  • $128,568FHLB advances
  • $178,648Loans and leases held for sale
  • $5,202Unused loan commitments
  • $5,202Tier 1 (core) risk-based capital
  • $16,035Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,515Restructured Loans and leases
  • $1,268Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,230Total interest income
  • $2,077Total interest expense
  • $6,153Net interest income
  • $510Provision for loan and lease losses
  • $930Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $744Additional noninterest income
  • $5,761Total noninterest expense
  • $2,963Salaries and employee benefits
  • $768Premises and equipment expense
  • $2,030Additional noninterest expense
  • $812Pre-tax net operating income
  • $63Securities gains (losses)
  • $105Applicable income taxes
  • $770Income before extraordinary items
  • $0Extraordinary gains - net
  • $770Net income attributable to bank
  • $0Net charge-offs
  • $770Cash dividends
  • $541Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 4.78%Return on equity (ROE)
  • 4.78%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 94.27%Credit loss provision to net charge-offs
  • 2.44%Efficiency ratio
  • 81,336Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 54.21%Noncurrent assets plus other real estate owned to assets
  • 3.30%Noncurrent loans to loans
  • 3.62%Net loans and leases to deposits
  • 82.81%Net loans and leases to core deposits
  • 88.48%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $182,859Average earning assets
  • $16,099Average equity
  • $161,983Average loans

List of branches

  • 7 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04932The First National Bank Of Mercersbu12 South Main Street, Mercersburg, PA 17236January 01, 1909Full Service Brick and Mortar
    1216100Fort Loudon BranchState Route 75 And Mullen Street, Fort Loudon, PA 17224May 16, 1977Full Service Brick and Mortar
    2216101North End Branch454 Loudon Road, Mercersburg, PA 17236October 30, 1989Full Service Brick and Mortar
    3357567Greencastle Office Branch821 South Washington Street, Greencastle, PA 17225June 30, 2000Full Service Brick and Mortar
    4362645Chambersburg Branch1680 Orchard Drive, Chambersburg, PA 17201November 26, 2001Full Service Brick and Mortar
    5467982Waynesboro Office Branch626 North Grant Street, Suite E, Waynesboro, PA 17268July 30, 2007Full Service Brick and Mortar
    6476074The First National Bank Of Mercersbu3141 Black Gap Road, Chambersburg, PA 17201January 14, 2008Full Service Brick and Mortar

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