The Herndon National Bank in Herndon, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 2011

The Herndon National Bank - Overview

  • General
  • FDIC Certificate #: 13836
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Gratz National Bank (#14863)
    Federal Reserve ID: 53015
    Date Established: Febuary 01, 1934
    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 #: 8649
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 01, 1934
    Last Structure Change Effective Date: August 05, 2011
    Last Structure Change Process Date: September 29, 2011
    Last Data Update: September 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Herndon, PA 17830
    County: Northumberland
    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
    Combined Statistical Area (CSA): Sunbury-Lewisburg-Selinsgrove, PA (#526)
    Core Based Statistical Area (CBSA): Sunbury, PA (#44980)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $28.9 mil

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

2000 - 2011 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, 2010)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $30,482Total assets
  • $6,731Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,966Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,308Net loans & leases
  • $195Loan loss allowance
  • $0Trading account assets
  • $101Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $376All other assets
  • $30,482Total liabilities and capital
  • $22,253Total liabilities
  • $22,083Total deposits
  • $17,830Interest-bearing deposits
  • $22,083Deposits held in domestic offices
  • 95.53%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $170All other liabilities
  • $8,229Total equity capital
  • $8,229Total bank equity capital
  • $8,229Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $250Undivided profits
  • Memoranda
  • $7,929Noncurrent loans and leases
  • $1,201Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $316Earning assets
  • $0Long-term assets (5+ years)
  • $143Average Assets, year-to-date
  • $23,274Average Assets, quarterly
  • $7,483Volatile liabilities
  • $30,215Insider loans
  • $30,105FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,201Total unused commitments
  • $0Restructured Loans and leases
  • $148Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $1,058Total interest income
  • $220Total interest expense
  • $838Net interest income
  • $50Provision for loan and lease losses
  • $82Total noninterest income
  • $0Fiduciary activities
  • $34Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $732Total noninterest expense
  • $341Salaries and employee benefits
  • $121Premises and equipment expense
  • $270Additional noninterest expense
  • $138Pre-tax net operating income
  • $15Securities gains (losses)
  • $0Applicable income taxes
  • $153Income before extraordinary items
  • $0Extraordinary gains - net
  • $153Net income attributable to bank
  • $0Net charge-offs
  • $153Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 0.64%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 5000.00%Credit loss provision to net charge-offs
  • 188.00%Efficiency ratio
  • 79,565Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.36%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 61.71%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 3.72%Net loans and leases to deposits
  • 37.62%Net loans and leases to core deposits
  • 37.62%Equity capital to assets
  • 27.00%Core capital (leverage) ratio
  • 27.20%Tier 1 risk-based capital ratio
  • 69.94%Total risk-based capital ratio
  • Memoranda
  • $71Average assets
  • $30,215Average earning assets
  • $8,225Average equity
  • $23,416Average loans

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