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

This bank is inactive as of January 11, 1999

  • The First National Bank of Spring Mills in Spring Mills, Pennsylvania (PA)
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The First National Bank of Spring Mills - Overview

  • General
  • FDIC Certificate #: 7764
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Jersey Shore State Bank (#14359)
    Federal Reserve ID: 57518
    Date Established: September 01, 1918
    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 #: 9705
    FDIC's unique #: 5010
    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 11, 1999
    Last Structure Change Process Date: May 06, 1999
    Last Data Update: May 06, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 45 And Ross Hill Road, Spring Mills, PA 16875
    County: Centre
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): State College, PA (#8050)
    Core Based Statistical Area (CBSA): State College, PA (#44300)
    CBSA Metro Statistical Area: State College, PA (#44300)
  • Financial Summary
  • Total assets: $31.9 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
  • 13Total employees (full-time equivalent)
  • $31,856Total assets
  • $1,439Cash and due from depository institutions
  • $882Interest-bearing balances
  • $9,044Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,334Net loans & leases
  • $180Loan loss allowance
  • $0Trading account assets
  • $783Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $256All other assets
  • $31,856Total liabilities and capital
  • $27,587Total liabilities
  • $24,597Total deposits
  • $21,175Interest-bearing deposits
  • $24,597Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,778Other borrowed funds
  • $0Subordinated debt
  • $212All other liabilities
  • $4,269Total equity capital
  • $4,269Total bank equity capital
  • $4,269Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $150Undivided profits
  • Memoranda
  • $3,969Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4Earning assets
  • $0Long-term assets (5+ years)
  • $105Average Assets, year-to-date
  • $30,260Average Assets, quarterly
  • $18,769Volatile liabilities
  • $31,481Insider loans
  • $32,171FHLB advances
  • $1,562Loans and leases held for sale
  • $216Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,214Total unused commitments
  • $0Restructured Loans and leases
  • $18,642Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,505Total interest income
  • $1,082Total interest expense
  • $1,423Net interest income
  • $5Provision for loan and lease losses
  • $101Total noninterest income
  • $0Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $1,348Total noninterest expense
  • $563Salaries and employee benefits
  • $228Premises and equipment expense
  • $557Additional noninterest expense
  • $171Pre-tax net operating income
  • $0Securities gains (losses)
  • $114Applicable income taxes
  • $57Income before extraordinary items
  • $0Extraordinary gains - net
  • $57Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$10Sale, conversion, retirement of capital stock, net
  • $185Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.39%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 4.77%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 1.27%Return on equity (ROE)
  • -2.86%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -50.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,451Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 324.56%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 4500.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 82.67%Net loans and leases to core deposits
  • 88.27%Equity capital to assets
  • 13.40%Core capital (leverage) ratio
  • 13.14%Tier 1 risk-based capital ratio
  • 22.19%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $31,481Average earning assets
  • $4,481Average equity
  • $29,860Average loans

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