The Huntington National Bank of Pennsylvania in Uniontown, Pennsylvania (PA)



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The Huntington National Bank of Pennsylvania
GeneralFDIC Certificate #: 27462
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fayette Bank (#16576)
Federal Reserve ID: 1368332
Date Established: Febuary 25, 1989
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
FDIC's unique #: 39986
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: Febuary 25, 1989
Last Structure Change Effective Date: December 15, 1995
Last Structure Change Process Date: January 04, 1996
Last Data Update: January 04, 1996
Data Source Date: April 05, 2012
LocationAddress: 81-85 West Main Street, Uniontown, PA 15401
County: Fayette
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): Pittsburgh, PA (#6280)
Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300)
CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
Financial SummaryTotal assets: $106.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$61
Cash and due from depository institutions$116,100
Interest-bearing balances$2,370
Securities$0
Federal funds sold & reverse repurchase agreements$29,792
Net loans & leases$0
Loan loss allowance $79,702
Trading account assets$1,086
Bank premises and fixed assets$0
Other real estate owned$1,101
Goodwill and other intangibles$0
All other assets$1,651
Life insurance assets$1,484
Total liabilities and capital$0
Total liabilities$116,100
Total deposits$100,810
Interest-bearing deposits$76,172
Deposits held in domestic offices$63,198
% insured (estimated)76172.00%
Federal funds purchased & repurchase agreements $92
Trading liabilities$23,862
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$776
Total bank equity capital$776
Perpetual preferred stock$15,290
Common stock$0
Surplus$5,000
Undivided profits $6,500
Memoranda
Noncurrent loans and leases $3,790
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $10
Earning assets $479
Long-term assets (5+ years) $109,494
Average Assets, year-to-date $24,982
Average Assets, quarterly $114,017
Volatile liabilities $115,279
Insider loans $26,935
FHLB advances $522
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $4,807
Tier 2 risk-based capital $0
Total risk weighted assets $13,992
Total unused commitments $81,620
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $8,463
Net interest income $3,059
Provision for loan and lease losses $5,404
Total noninterest income $139
Fiduciary activities $480
Service charges on deposit accounts $0
Trading account gains & fees $338
Additional noninterest income $0
Total noninterest expense $142
Salaries and employee benefits $3,047
Premises and equipment expense $1,398
Additional noninterest expense $300
Pre-tax net operating income $1,349
Securities gains (losses) $2,698
Applicable income taxes $56
Income before extraordinary items $962
Extraordinary gains - net $1,792
Net income attributable to bank $0
Net charge-offs $1,792
Cash dividends $175
Sale, conversion, retirement of capital stock, net $870
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.95%
Net interest margin 2.87%
Noninterest income to earning assets 5.08%
Noninterest expense to earning assets 0.45%
Net operating income to assets 2.86%
Return on assets (ROA) 1.54%
Pretax return on assets 1.57%
Return on equity (ROE) 2.42%
Retained earnings to average equity (YTD only) 11.84%
Net charge-offs to loans 6.09%
Credit loss provision to net charge-offs 0.24%
Efficiency ratio79.43%
Assets per employee$48,131
Cash dividends to net income (YTD only)1.90%
Condition Ratios (%)
Loss allowance to loans 48.55%
Loss allowance to noncurrent loans 1.34%
Noncurrent assets plus other real estate owned to assets 10860.00%
Noncurrent loans to loans 0.01%
Net loans and leases to deposits0.01%
Net loans and leases to core deposits 104.63%
Equity capital to assets 109.03%
Core capital (leverage) ratio 13.17%
Tier 1 risk-based capital ratio 12.31%
Total risk-based capital ratio 17.14%
Memoranda
Average assets$18
Average earning assets$114,017
Average equity $15,137
Average loans $106,470
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