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



Show street view No street view available for this location
Table of contents:
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
Securities$5,872
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
Surplus$50
Undivided profits $300
Memoranda
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
Derivatives$15,476
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$31
Average earning assets$31,725
Average equity $4,508
Average loans $30,359
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Spangler.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.