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

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The First National Bank of Spangler
GeneralFDIC Certificate #: 7761
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CNB Bank (#13876)
Federal Reserve ID: 53314
Date Established: March 01, 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)
OTS Docket #: 12717
FDIC's unique #: 5008
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: August 18, 1999
Last Structure Change Process Date: September 09, 1999
Last Data Update: September 09, 1999
Data Source Date: April 05, 2012
LocationAddress: Main Street, Spangler, PA 15775
County: Cambria
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): Johnstown, PA (#3680)
Core Based Statistical Area (CBSA): Johnstown, PA (#27780)
CBSA Metro Statistical Area: Johnstown, PA (#27780)
Financial SummaryTotal assets: $32.8 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)13
Total assets$32,093
Cash and due from depository institutions$712
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$2,280
Net loans & leases$22,538
Loan loss allowance $214
Trading account assets$0
Bank premises and fixed assets$413
Other real estate owned$23
Goodwill and other intangibles$0
All other assets$255
Life insurance assets$0
Total liabilities and capital$32,093
Total liabilities$27,500
Total deposits$27,268
Interest-bearing deposits$24,905
Deposits held in domestic offices$27,268
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $232
Total equity capital$4,593
Total bank equity capital$4,593
Perpetual preferred stock$4,593
Common stock$0
Undivided profits $300
Noncurrent loans and leases $4,243
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $141
Long-term assets (5+ years) $0
Average Assets, year-to-date $73
Average Assets, quarterly $30,690
Volatile liabilities $17,624
Insider loans $31,725
FHLB advances $32,303
Loans and leases held for sale $3,606
Unused loan commitments $493
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $709
Restructured Loans and leases $0
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $2,275
Total interest expense $1,152
Net interest income $1,123
Provision for loan and lease losses $32
Total noninterest income $62
Fiduciary activities $0
Service charges on deposit accounts $37
Trading account gains & fees $0
Additional noninterest income $25
Total noninterest expense $704
Salaries and employee benefits $230
Premises and equipment expense $109
Additional noninterest expense $365
Pre-tax net operating income $449
Securities gains (losses) $0
Applicable income taxes $153
Income before extraordinary items $296
Extraordinary gains - net $0
Net income attributable to bank $296
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $30
Net operating income $108
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.49%
Cost of funding earning assets 3.79%
Net interest margin 3.70%
Noninterest income to earning assets 0.20%
Noninterest expense to earning assets 2.32%
Net operating income to assets 0.93%
Return on assets (ROA) 0.93%
Pretax return on assets 1.42%
Return on equity (ROE) 6.57%
Retained earnings to average equity (YTD only) 4.17%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 106.67%
Efficiency ratio16.03%
Assets per employee$59,409
Cash dividends to net income (YTD only)2.47%
Condition Ratios (%)
Loss allowance to loans 36.49%
Loss allowance to noncurrent loans 0.94%
Noncurrent assets plus other real estate owned to assets 151.77%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.62%
Net loans and leases to core deposits 82.65%
Equity capital to assets 95.25%
Core capital (leverage) ratio 14.31%
Tier 1 risk-based capital ratio 14.00%
Total risk-based capital ratio 29.30%
Average assets$31
Average earning assets$31,725
Average equity $4,508
Average loans $30,359
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