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

This bank is inactive as of Febuary 21, 1995

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

General
FDIC Certificate #: 7733
Status: Inactive
Closing history: Corrections
Acquiring institution: Omega Bank (#7533)
Federal Reserve ID: 453615
Date Established: June 04, 1904
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 4992
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: Febuary 21, 1995
Last Structure Change Process Date: May 09, 1995
Last Data Update: May 10, 1995
Data Source Date: April 05, 2012
Location
Address: 911 Church Street, Saxton, PA 16678
County: Bedford
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $38.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$38,352Cash and due from depository institutions
$1,529Interest-bearing balances
$100Securities
$9,348Federal funds sold & reverse repurchase agreements
$350Net loans & leases
$26,240Loan loss allowance
$369Trading account assets
$0Bank premises and fixed assets
$451Other real estate owned
$21Goodwill and other intangibles
$413Life insurance assets
$0All other assets
$0Total liabilities and capital
$38,352Total liabilities
$33,440Total deposits
$33,194Interest-bearing deposits
$29,624Deposits held in domestic offices
33194.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$246Total equity capital
$246Total bank equity capital
$4,912Perpetual preferred stock
$0Common stock
$240Surplus
$250Undivided profits
Memoranda
$4,422Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$349Income earned, not collected on loans
$172Earning assets
$36,038Long-term assets (5+ years)
$11,289Average Assets, year-to-date
$39,796Average Assets, quarterly
$38,881Volatile liabilities
$1,539Insider loans
$381FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,078Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,917Total risk weighted assets
$25,195Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,932Total interest expense
$1,166Net interest income
$1,766Provision for loan and lease losses
$106Total noninterest income
$146Fiduciary activities
$0Service charges on deposit accounts
$86Trading account gains & fees
$0Additional noninterest income
$60Total noninterest expense
$1,299Salaries and employee benefits
$477Premises and equipment expense
$109Additional noninterest expense
$713Pre-tax net operating income
$507Securities gains (losses)
$0Applicable income taxes
$125Income before extraordinary items
$382Extraordinary gains - net
$0Net income attributable to bank
$382Net charge-offs
$74Cash dividends
$235Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.83%Cost of funding earning assets
3.12%Net interest margin
4.72%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
3.47%Net operating income to assets
0.96%Return on assets (ROA)
0.96%Pretax return on assets
1.27%Return on equity (ROE)
7.87%Retained earnings to average equity (YTD only)
3.03%Net charge-offs to loans
0.27%Credit loss provision to net charge-offs
143.24%Efficiency ratio
67,939Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.52%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
105.73%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
1.31%Net loans and leases to deposits
79.05%Net loans and leases to core deposits
82.89%Equity capital to assets
12.81%Core capital (leverage) ratio
12.60%Tier 1 risk-based capital ratio
19.52%Total risk-based capital ratio
Memoranda
$21Average assets
$39,796Average earning assets
$4,852Average equity
$37,423Average loans

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