Valley Community Bank in Kingston, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1993

Valley Community Bank in Kingston, Pennsylvania (PA)
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Valley Community Bank - Overview

General
FDIC Certificate #: 32970
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commonwealth Bank (#7812)
Federal Reserve ID: 1453957
Date Established: June 04, 1990
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 46148
Numeric code: 13
Regulator: FED
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: June 04, 1990
Last Structure Change Effective Date: June 01, 1993
Last Structure Change Process Date: June 08, 1993
Last Data Update: June 08, 1993
Data Source Date: April 05, 2012
Location
Address: 840 Market Street, Kingston, PA 18704
County: Luzerne
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
Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
Financial Summary
Total assets: $46.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$45,784Cash and due from depository institutions
$1,182Interest-bearing balances
$0Securities
$8,634Federal funds sold & reverse repurchase agreements
$260Net loans & leases
$34,812Loan loss allowance
$444Trading account assets
$0Bank premises and fixed assets
$396Other real estate owned
$0Goodwill and other intangibles
$438Life insurance assets
$62All other assets
$0Total liabilities and capital
$45,784Total liabilities
$41,816Total deposits
$41,392Interest-bearing deposits
$37,294Deposits held in domestic offices
41392.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$251Subordinated debt
$0All other liabilities
$173Total equity capital
$173Total bank equity capital
$3,968Perpetual preferred stock
$0Common stock
$2,366Surplus
$2,129Undivided profits
Memoranda
$-527Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$25Income earned, not collected on loans
$293Earning assets
$43,706Long-term assets (5+ years)
$5,853Average Assets, year-to-date
$39,673Average Assets, quarterly
$44,753Volatile liabilities
$5,343Insider loans
$50FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,006Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,906Total risk weighted assets
$34,277Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,073Total interest expense
$1,604Net interest income
$1,469Provision for loan and lease losses
$306Total noninterest income
$101Fiduciary activities
$0Service charges on deposit accounts
$55Trading account gains & fees
$0Additional noninterest income
$46Total noninterest expense
$1,296Salaries and employee benefits
$469Premises and equipment expense
$279Additional noninterest expense
$548Pre-tax net operating income
-$32Securities gains (losses)
$37Applicable income taxes
$0Income before extraordinary items
$5Extraordinary gains - net
$0Net income attributable to bank
$5Net charge-offs
$38Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.30%Cost of funding earning assets
4.33%Net interest margin
3.97%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
3.50%Net operating income to assets
-0.08%Return on assets (ROA)
0.01%Pretax return on assets
0.01%Return on equity (ROE)
0.13%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
805.26%Efficiency ratio
80,955Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
1776.00%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.07%Net loans and leases to deposits
84.10%Net loans and leases to core deposits
95.90%Equity capital to assets
8.67%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
11.40%Total risk-based capital ratio
Memoranda
$13Average assets
$39,673Average earning assets
$3,938Average equity
$37,020Average loans

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