Pennian Bank Financial Reports
Quater Ended: 2024-06-30
Pennian Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Mifflintown, PA. The bank was established on 04/19/1889, the bank is regulated by the FDIC and has 12 domestic offices. It is headquartered in the N/A.
The bank has 124 employees and holds $707,724k in total assets. With a focus on community banking, the bank has been serving its customers since 04/19/1889.
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Pennian Bank Institution Profile
| Established Date | 04/19/1889 | Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) |
| Primary Regulator | FDIC | Number of Domestic Offices | 12 |
| Number of Foreign Offices | 0 | Number of US Offices | 0 |
| Number of Employees | 124 | Directly owned by another bank (CERT) | No |
| Community Bank | Yes | ZIP | 17059 |
| Ownership Type | Not Mutual | City | Mifflintown |
| State Alpha code | PA | State and County Number | 42067 |
| Subchapter S Corporations | No | Trust Powers | N/A |
| Federal Reserve ID Number | 3 | Federal Reserve ID Number Description | PHILADELPHIA |
| Office of The Comptroller District: | NORTHEAST DISTRICT | Office of Thrift Supervision Region | Northeast |
| Last Structure Change Effective Date | 08/31/2022 | Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
Institution Profile Overview
Delve into the foundational details of Pennian Bank with our “Institution Profile” table. The bank started in 04/19/1889 This institution is categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC). The bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.
12 domestic offices or branches reflect the bank’s physical footprint. Insights into ownership type, trust powers, and regulatory affiliations can be found in the demographic data above and help contribute to understanding its operational structure. The bank is headquartered in Mifflintown, located in postal code PA, 17059 . Explore more of these bank attributes below to gain a holistic view of Pennian Bank in the financial landscape.
Pennian Bank Financials
(USD, in thousands)
| Total Assets | $707,724 | Total Liabilities | $665,525 |
| Total Equity Capital | $42,199 | Total Deposits | $584,555 |
| Net Loans and Leases | $464,260 | Total Interest Income | $7,536 |
| Total Noninterest Income | $1,034 | Total Interest Expense | $3,470 |
| Total Noninterest Expense | $4,425 | Tier 1 Risk-Based Capital Ratio | 13.75% |
| Net Loans and Leases to Core Deposits | 84.98% | Return on Assets | 0.33% |
| Return on Equity | 5.57% | Efficiency Ratio | 86.76% |
Financial Performance Overview
Gain a comprehensive perspective on Pennian Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $707,724k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $665,525k and total equity capital at $42,199k.
Delve into key operational metrics, including total deposits of $584,555k, net loans and leases at $464k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 13.7465, and Return on Assets at 0.33. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.
This detailed financial overview is designed to enhance your understanding of Pennian Bank’s performance and competitive positioning within the financial industry.
Pennian Bank Additional Financial Information
(USD, in thousands)
| Earnings Coverage of Net Loan Charge-Offs(x) | $3 | Net Loans and Leases to Core Deposits | 84.98% |
| Tier 1 Risk-Based Capital Ratio | 13.75% | Securities Gains (Losses) | $0 |
| Goodwill and Other Intangibles | N/A | Cost of Funding Earning Assets | 2.09% |
| Yield on Earning Assets | 4.53% | Total Interest Income | $7,536 |
| Applicable Income Taxes | $34 | Loss Allowance to Loans and Leases | 1.28% |
| Net Loans and Leases | $464,260 | Loss Allowance to Noncurrent Loans and Leases | 107.85% |
| Noncurrent Loans to Loans | 1.18% | Net Income Attributable to Bank and Noncontrolling Interests | $584 |
| Net Interest Income | $4,066 | Net Interest Margin | 2.44% |
| Net Operating Income to Assets | 0.33% | Noninterest Income to Average Assets | 0.58% |
| Total Noninterest Income | $1,034 | Noninterest Expense to Average Assets | 2.49% |
| Total Noninterest Expense | $4,425 | Net Charge-Offs to Loans and Leases | 0.04% |
| All Other Assets | $33,965 | Other Real Estate Owned | $0 |
| Other borrowed funds | $75,000 | Pre-tax Net Operating Income | $618 |
| Pretax Return on Assets | 0.35% | Return on Assets | 0.33% |
| Retained Earnings to Average Equity (YTD only) | 1.58% |
Insights into Financial Metrics
Enhance your understanding of Pennian Bank‘s financial standing through our Additional Financial Information table above. Explore key metrics such as Net Loans and Leases: $464,260k and Net Interest Income $4,066k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 13.7465 for in-depth insights into capital adequacy and risk management strategies.
Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.04 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $1,034k and evaluate operational efficiency usingmetrics like Efficiency Ratio: 86.76. This nuanced financial overview empowers a comprehensive analysis of Pennian Bank‘s strategic financial position and performance in the industry.
Frequently Asked Questions (FAQs)
What is the asset size of Pennian Bank?
The asset size of Pennian Bank is approximately $707,724k, reflecting the bank’s scale and market presence.
How does the loan-to-deposit ratio of Pennian Bank compare to industry benchmarks?
The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Pennian Bank, this ratio stands at 79.421098100264% (please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.
What is the capital adequacy ratio for Pennian Bank?
The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 13.7465.
What is the net interest margin of Pennian Bank, and how has it trended over the past year?
The current net interest margin is 2.44. Historical trends would require a more detailed analysis over the past quarters, which can be found in Visbanking’s Bank Performance application.
What is the percentage of non-performing loans on Pennian Bank’s balance sheet?
The percentage of non-performing loans is an important metric indicating asset quality. For Pennian Bank, this stands at 1.1842.
Are there any recent regulatory changes that could impact Pennian Bank’s operations?
Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Pennian Bank. For tailored insights, please consult our expert or access our detailed reports.