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

The Honesdale National Bank - Overview

  • General
  • FDIC Certificate #: 7526
    Status: Active
    Federal Reserve ID: 465618
    Bank Holding Company (Regulatory Top Holder): Honat Bancorp, Inc. (RSSDID: 1144107, Location: Honesdale, PA)
    Date Established: December 26, 1836
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 11345
    FDIC's unique #: 4883
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 733 Main Street, Honesdale, PA 18431
    County: Wayne
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $560.7 mil
    Equity capital: $68.9 mil
    Deposits held in domestic offices: $478.0 mil
    Return on assets (ROA): 1.45% ($8.1 mil)
    Quarterly return on assets: 1.52% ($8.5 mil)
    Return on Equity (ROE): 11.94% ($8.2 mil)
    Quarterly return on equity: 12.44% ($8.6 mil)
    Net income: $7.8 mil
    Quarterly Net income: $2.1 mil
    Pretax return on assets: 1.80% ($10,092.1 mil)
    Quarterly Pretax return on assets: 1.68% ($9,419.3 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, 2011)

  • Dollar figures in thousands
  • 123Total employees (full-time equivalent)
  • $560,670Total assets
  • $13,660Cash and due from depository institutions
  • $5,183Interest-bearing balances
  • $126,914Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $382,158Net loans & leases
  • $7,157Loan loss allowance
  • $802Trading account assets
  • $8,896Bank premises and fixed assets
  • $1,330Other real estate owned
  • $1,130Goodwill and other intangibles
  • $560,670Life insurance assets
  • $25,780All other assets
  • $491,817Total liabilities and capital
  • $478,035Total liabilities
  • $376,523Total deposits
  • $478,035Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,500Trading liabilities
  • $0Other borrowed funds
  • $6,282Subordinated debt
  • $68,853All other liabilities
  • $68,853Total equity capital
  • $68,853Total bank equity capital
  • $0Perpetual preferred stock
  • $375Common stock
  • $1,000Surplus
  • $67,478Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,151Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,970Income earned, not collected on loans
  • $0Earning assets
  • $2,244Long-term assets (5+ years)
  • $515,057Average Assets, year-to-date
  • $208,070Average Assets, quarterly
  • $538,375Volatile liabilities
  • $558,866Insider loans
  • $433,325FHLB advances
  • $561,512Loans and leases held for sale
  • $12,270Unused loan commitments
  • $8,706Tier 1 (core) risk-based capital
  • $66,912Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,564Total unused commitments
  • $76,347Restructured Loans and leases
  • $11,858Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,708Total interest income
  • $4,009Total interest expense
  • $19,699Net interest income
  • $1,200Provision for loan and lease losses
  • $5,246Total noninterest income
  • $329Fiduciary activities
  • $1,260Service charges on deposit accounts
  • $1Trading account gains & fees
  • $3,656Additional noninterest income
  • $13,998Total noninterest expense
  • $7,164Salaries and employee benefits
  • $1,552Premises and equipment expense
  • $5,282Additional noninterest expense
  • $9,747Pre-tax net operating income
  • -$38Securities gains (losses)
  • $1,924Applicable income taxes
  • $7,785Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,785Net income attributable to bank
  • $0Net charge-offs
  • $7,785Cash dividends
  • $769Sale, conversion, retirement of capital stock, net
  • $1,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.00%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 11.94%Return on equity (ROE)
  • 9.18%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 156.05%Credit loss provision to net charge-offs
  • 14.24%Efficiency ratio
  • 54,941Assets per employee
  • 4.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.12%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 240.98%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 79.94%Net loans and leases to core deposits
  • 83.32%Equity capital to assets
  • 12.28%Core capital (leverage) ratio
  • 11.92%Tier 1 risk-based capital ratio
  • 15.44%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $538,375Average earning assets
  • $65,186Average equity
  • $492,871Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $77,183Managed Assets
  • 1Number of Accounts
  • $46,442Personal trust and agency accounts
  • $24,682Employee benefit-defined contribution accounts
  • $12,157Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,603Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 161Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,741Other retirement accounts
  • $4,214Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $6,069Fiduciary accounts held in foreign offices

List of branches

  • 9 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04883The Honesdale National Bank733 Main Street, Honesdale, PA 18431December 26, 1836Full Service Brick and Mortar
    1215836Route 6 Plaza Branch1207 Texas Palmyra Hwy, Honesdale, PA 18431April 25, 1974Full Service Brick and Mortar
    2215837Mortgage Center Branch38 North Franklin Street, Wilkes-Barre, PA 18701April 29, 1996Full Service Brick and Mortar
    3215838Forest City Branch619 Main Street, Forest City, PA 18421June 17, 1996Full Service Brick and Mortar
    4215839Montdale Branch13 Chapman Lake Road, Scott Township, PA 18447June 17, 1996Full Service Brick and Mortar
    5215918Lake Wallenpaupack Branch2547 Route 6, Hawley, PA 18428November 18, 1996Full Service Brick and Mortar
    6215922Lackawaxen Branch180 Scenic Drive, Lackawaxen Township, PA 18435April 01, 1998Full Service Brick and Mortar
    7359753Hamlin Branch559 Hamlin Highway, Hamlin, PA 18427January 16, 2001Full Service Brick and Mortar
    8466413Kingston Branch786 Wyoming Ave, Kingston, PA 18704May 16, 2007Full Service Brick and Mortar

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