The National Bank of North East in North East, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 07, 2005

  • The National Bank of North East in North East, Pennsylvania (PA)
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The National Bank of North East - Overview

  • General
  • FDIC Certificate #: 7938
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Pennsylvania (#7888)
    Federal Reserve ID: 955623
    Date Established: May 28, 1908
    WWW: http://www.nbne.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9719
    FDIC's unique #: 5078
    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: October 07, 2005
    Last Structure Change Process Date: November 30, 2005
    Last Data Update: November 30, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 West Main Street, North East, PA 16428
    County: Erie
    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): Erie, PA (#2360)
    Core Based Statistical Area (CBSA): Erie, PA (#21500)
    CBSA Metro Statistical Area: Erie, PA (#21500)
  • Financial Summary
  • Total assets: $66.6 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, 2004)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $68,678Total assets
  • $2,092Cash and due from depository institutions
  • $117Interest-bearing balances
  • $8,647Securities
  • $579Federal funds sold & reverse repurchase agreements
  • $50,017Net loans & leases
  • $1,950Loan loss allowance
  • $0Trading account assets
  • $5,512Bank premises and fixed assets
  • $625Other real estate owned
  • $40Goodwill and other intangibles
  • $0Life insurance assets
  • $1,166All other assets
  • $68,678Total liabilities and capital
  • $61,894Total liabilities
  • $61,475Total deposits
  • $48,519Interest-bearing deposits
  • $61,475Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $298Other borrowed funds
  • $0Subordinated debt
  • $121All other liabilities
  • $6,784Total equity capital
  • $6,784Total bank equity capital
  • $6,784Perpetual preferred stock
  • $0Common stock
  • $450Surplus
  • $712Undivided profits
  • Memoranda
  • $5,622Noncurrent loans and leases
  • $12,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,713Earning assets
  • $0Long-term assets (5+ years)
  • $376Average Assets, year-to-date
  • $59,360Average Assets, quarterly
  • $13,864Volatile liabilities
  • $74,480Insider loans
  • $68,545FHLB advances
  • $7,193Loans and leases held for sale
  • $1,124Unused loan commitments
  • $298Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,021Total unused commitments
  • $542Restructured Loans and leases
  • $720Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $3,615Total interest income
  • $757Total interest expense
  • $2,858Net interest income
  • $848Provision for loan and lease losses
  • $673Total noninterest income
  • $0Fiduciary activities
  • $372Service charges on deposit accounts
  • $0Trading account gains & fees
  • $301Additional noninterest income
  • $3,698Total noninterest expense
  • $1,840Salaries and employee benefits
  • $820Premises and equipment expense
  • $1,038Additional noninterest expense
  • -$1,015Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,015Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,015Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.39%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 5.68%Noninterest expense to earning assets
  • -1.36%Net operating income to assets
  • -1.36%Return on assets (ROA)
  • -1.36%Pretax return on assets
  • -14.03%Return on equity (ROE)
  • -14.03%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 865.31%Credit loss provision to net charge-offs
  • -1.70%Efficiency ratio
  • 104,730Assets per employee
  • 1.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.75%Loss allowance to noncurrent loans
  • 71.88%Noncurrent assets plus other real estate owned to assets
  • 4.86%Noncurrent loans to loans
  • 5.22%Net loans and leases to deposits
  • 81.36%Net loans and leases to core deposits
  • 92.14%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 9.71%Tier 1 risk-based capital ratio
  • 12.05%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $74,480Average earning assets
  • $7,235Average equity
  • $65,064Average loans

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