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



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The National Bank of North East
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)36
Total assets$68,678
Cash and due from depository institutions$2,092
Interest-bearing balances$117
Securities$8,647
Federal funds sold & reverse repurchase agreements$579
Net loans & leases$50,017
Loan loss allowance $1,950
Trading account assets$0
Bank premises and fixed assets$5,512
Other real estate owned$625
Goodwill and other intangibles$40
All other assets$1,166
Life insurance assets$0
Total liabilities and capital$68,678
Total liabilities$61,894
Total deposits$61,475
Interest-bearing deposits$48,519
Deposits held in domestic offices$61,475
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $298
Subordinated debt $0
All other liabilities $121
Total equity capital$6,784
Total bank equity capital$6,784
Perpetual preferred stock$6,784
Common stock$0
Surplus$450
Undivided profits $712
Memoranda
Noncurrent loans and leases $5,622
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $12,021
Income earned, not collected on loans $0
Earning assets $2,713
Long-term assets (5+ years) $0
Average Assets, year-to-date $376
Average Assets, quarterly $59,360
Volatile liabilities $13,864
Insider loans $74,480
FHLB advances $68,545
Loans and leases held for sale $7,193
Unused loan commitments $1,124
Tier 1 (core) risk-based capital $298
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $12,021
Restructured Loans and leases $542
Derivatives$720
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $3,615
Total interest expense $757
Net interest income $2,858
Provision for loan and lease losses $848
Total noninterest income $673
Fiduciary activities $0
Service charges on deposit accounts $372
Trading account gains & fees $0
Additional noninterest income $301
Total noninterest expense $3,698
Salaries and employee benefits $1,840
Premises and equipment expense $820
Additional noninterest expense $1,038
Pre-tax net operating income -$1,015
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$1,015
Extraordinary gains - net $0
Net income attributable to bank -$1,015
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $98
Net operating income $0
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.56%
Cost of funding earning assets 1.16%
Net interest margin 4.39%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 5.68%
Net operating income to assets -1.36%
Return on assets (ROA) -1.36%
Pretax return on assets -1.36%
Return on equity (ROE) -14.03%
Retained earnings to average equity (YTD only) -14.03%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 865.31%
Efficiency ratio-1.70%
Assets per employee$104,730
Cash dividends to net income (YTD only)1.91%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.75%
Noncurrent assets plus other real estate owned to assets 71.88%
Noncurrent loans to loans 4.86%
Net loans and leases to deposits5.22%
Net loans and leases to core deposits 81.36%
Equity capital to assets 92.14%
Core capital (leverage) ratio 9.88%
Tier 1 risk-based capital ratio 9.71%
Total risk-based capital ratio 12.05%
Memoranda
Average assets$13
Average earning assets$74,480
Average equity $7,235
Average loans $65,064
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