The Mont Alto State Bank in Mont Alto, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1995

  • The Mont Alto State Bank in Mont Alto, Pennsylvania (PA)
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The Mont Alto State Bank - Overview

  • General
  • FDIC Certificate #: 9904
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers and Merchants Trust Company of Chambersburg (#8405)
    Federal Reserve ID: 799416
    Date Established: January 01, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6334
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 1995
    Last Structure Change Process Date: June 27, 1995
    Last Data Update: June 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Park Street, Mont Alto, PA 17237
    County: Franklin
    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
    Core Based Statistical Area (CBSA): Chambersburg, PA (#16540)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $26.1 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
  • 0Total employees (full-time equivalent)
  • $16Total assets
  • $26,096Cash and due from depository institutions
  • $444Interest-bearing balances
  • $5Securities
  • $5,575Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $19,648Loan loss allowance
  • $287Trading account assets
  • $0Bank premises and fixed assets
  • $211Other real estate owned
  • $0Goodwill and other intangibles
  • $218Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $26,096Total liabilities
  • $22,804Total deposits
  • $21,292Interest-bearing deposits
  • $18,477Deposits held in domestic offices
  • 21292.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $1,400Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $112Total equity capital
  • $112Total bank equity capital
  • $3,292Perpetual preferred stock
  • $0Common stock
  • $480Surplus
  • $780Undivided profits
  • Memoranda
  • $2,032Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $331Income earned, not collected on loans
  • $105Earning assets
  • $25,228Long-term assets (5+ years)
  • $482Average Assets, year-to-date
  • $25,886Average Assets, quarterly
  • $25,937Volatile liabilities
  • $2,100Insider loans
  • $480FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $898Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,292Total risk weighted assets
  • $16,787Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,995Total interest expense
  • $628Net interest income
  • $1,367Provision for loan and lease losses
  • $23Total noninterest income
  • $69Fiduciary activities
  • $0Service charges on deposit accounts
  • $57Trading account gains & fees
  • $0Additional noninterest income
  • $12Total noninterest expense
  • $838Salaries and employee benefits
  • $475Premises and equipment expense
  • $89Additional noninterest expense
  • $274Pre-tax net operating income
  • $575Securities gains (losses)
  • $0Applicable income taxes
  • $128Income before extraordinary items
  • $447Extraordinary gains - net
  • $0Net income attributable to bank
  • $447Net charge-offs
  • $33Cash dividends
  • $152Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.07%Cost of funding earning assets
  • 2.54%Net interest margin
  • 5.53%Noninterest income to earning assets
  • 0.28%Noninterest expense to earning assets
  • 3.39%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 2.22%Return on equity (ROE)
  • 14.26%Retained earnings to average equity (YTD only)
  • 9.41%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 69.70%Efficiency ratio
  • 58,357Assets per employee
  • 1.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 86.71%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 1.66%Net loans and leases to deposits
  • 92.28%Net loans and leases to core deposits
  • 95.42%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 12.67%Tier 1 risk-based capital ratio
  • 19.61%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $25,886Average earning assets
  • $3,135Average equity
  • $24,713Average loans

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