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

This bank is inactive as of January 21, 1993

  • The First National Bank of Nicholson in Nicholson, Pennsylvania (PA)
  • Show street view No street view available for this location

The First National Bank of Nicholson - Overview

  • General
  • FDIC Certificate #: 7662
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Community Bank & Trust Company (#14530)
    Federal Reserve ID: 1009514
    Date Established: September 18, 1905
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 10068
    FDIC's unique #: 4964
    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: January 21, 1993
    Last Structure Change Process Date: Febuary 23, 1993
    Last Data Update: Febuary 23, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 57 Main, Nicholson, PA 18446
    County: Wyoming
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
    Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
    CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $127.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $72Total assets
  • $127,472Cash and due from depository institutions
  • $6,212Interest-bearing balances
  • $0Securities
  • $31,939Federal funds sold & reverse repurchase agreements
  • $13,150Net loans & leases
  • $73,703Loan loss allowance
  • $1,091Trading account assets
  • $0Bank premises and fixed assets
  • $1,129Other real estate owned
  • $134Goodwill and other intangibles
  • $1,205Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $127,472Total liabilities
  • $119,598Total deposits
  • $119,161Interest-bearing deposits
  • $107,936Deposits held in domestic offices
  • 119161.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $437Total equity capital
  • $437Total bank equity capital
  • $7,874Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,024Undivided profits
  • Memoranda
  • $6,350Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,041Income earned, not collected on loans
  • $458Earning assets
  • $118,792Long-term assets (5+ years)
  • $48,085Average Assets, year-to-date
  • $118,174Average Assets, quarterly
  • $124,957Volatile liabilities
  • $9,682Insider loans
  • $647FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,139Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,874Total risk weighted assets
  • $68,512Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,874Total interest expense
  • $5,236Net interest income
  • $4,638Provision for loan and lease losses
  • $470Total noninterest income
  • $474Fiduciary activities
  • $0Service charges on deposit accounts
  • $363Trading account gains & fees
  • $0Additional noninterest income
  • $111Total noninterest expense
  • $3,648Salaries and employee benefits
  • $1,470Premises and equipment expense
  • $642Additional noninterest expense
  • $1,536Pre-tax net operating income
  • $994Securities gains (losses)
  • $61Applicable income taxes
  • $274Income before extraordinary items
  • $781Extraordinary gains - net
  • $0Net income attributable to bank
  • $781Net charge-offs
  • $155Cash dividends
  • $300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.88%Cost of funding earning assets
  • 4.71%Net interest margin
  • 4.17%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 3.28%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 0.89%Return on equity (ROE)
  • 10.23%Retained earnings to average equity (YTD only)
  • 6.30%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 303.23%Efficiency ratio
  • 71,362Assets per employee
  • 1.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.41%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 53.45%Noncurrent assets plus other real estate owned to assets
  • 1.71%Noncurrent loans to loans
  • 2.73%Net loans and leases to deposits
  • 61.85%Net loans and leases to core deposits
  • 67.32%Equity capital to assets
  • 6.18%Core capital (leverage) ratio
  • 6.25%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $118,174Average earning assets
  • $7,633Average equity
  • $111,185Average loans

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