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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