Hamlin Bank and Trust Company Reports – 291611

Hamlin Bank and Trust Company Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 12/06/2024

Hamlin Bank and Trust Company is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Smethport, PA. Established on 12/31/1863, the bank is regulated by the FDIC and has 9 domestic offices. It operates in the Bradford, PA.

The bank has 93 employees and holds $430,899k in total assets. With a focus on community banking, the bank has been serving its customers since 12/31/1863.

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Hamlin Bank and Trust Company Institution Profile

Established Date 12/31/1863 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 9
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 93 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 16749
Ownership Type Not Mutual City Smethport
State Alpha code PA State and County Number 42083
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 Hamlin Bank and Trust Company with our “Institution Profile” table. The 12/31/1863 marks the bank’s inception, providing historical context. 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.

9 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Smethport, PA, and 16749 provide geographic context. Explore these attributes to gain a holistic view of Hamlin Bank and Trust Company in the financial landscape.

Hamlin Bank and Trust Company Financials

(USD, in thousands)

Total Assets $430,899 Total Liabilities $342,001
Total Equity Capital $88,898 Total Deposits $327,643
Net Loans and Leases $283,403 Total Interest Income $4,944
Total Noninterest Income $357 Total Interest Expense $1,466
Total Noninterest Expense $2,731 Tier 1 Risk-Based Capital Ratio 0.00%
Net Loans and Leases to Core Deposits N/A Return on Assets 3.22%
Return on Equity 15.91% Efficiency Ratio 71.21%

Financial Performance Overview

Gain a comprehensive perspective on Hamlin Bank and Trust Company’s financial landscape through our “Financials” table. The bank boasts total assets of $430,899k, 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 $342,001k and total equity capital at $88,898k.

Delve into key operational metrics, including total deposits of $327,643k, net loans and leases at $283k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 3.22. 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 Hamlin Bank and Trust Company’s performance and competitive positioning within the financial industry.

Hamlin Bank and Trust Company Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) N/A Net Loans and Leases to Core Deposits N/A
Tier 1 Risk-Based Capital Ratio 0.00% Securities Gains (Losses) $3,143
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 0.00%
Yield on Earning Assets 4.85% Total Interest Income $4,944
Applicable Income Taxes $749 Loss Allowance to Loans and Leases 1.16%
Net Loans and Leases $283,403 Loss Allowance to Noncurrent Loans and Leases 92.93%
Noncurrent Loans to Loans 1.25% Net Income Attributable to Bank and Noncontrolling Interests $3,423
Net Interest Income $3,478 Net Interest Margin 3.41%
Net Operating Income to Assets 0.62% Noninterest Income to Average Assets 0.34%
Total Noninterest Income $357 Noninterest Expense to Average Assets 2.57%
Total Noninterest Expense $2,731 Net Charge-Offs to Loans and Leases 0.17%
All Other Assets N/A Other Real Estate Owned $296
Other borrowed funds $9,103 Pre-tax Net Operating Income $1,029
Pretax Return on Assets 3.92% Return on Assets 3.22%
Retained Earnings to Average Equity (YTD only) N/A

Insights into Financial Metrics

Enhance your understanding of Hamlin Bank and Trust Company‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $283,403k and Net Interest Income $3,478k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.17 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $357k and evaluate operational efficiency using metrics like Efficiency Ratio: 71.21. This nuanced financial overview empowers a comprehensive analysis of Hamlin Bank and Trust Company‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Hamlin Bank and Trust Company?

The asset size of Hamlin Bank and Trust Company is approximately $430,899k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Hamlin Bank and Trust Company compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Hamlin Bank and Trust Company, this ratio stands at
86.50%
(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 Hamlin Bank and Trust Company?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 0.

What is the net interest margin of Hamlin Bank and Trust Company, and how has it trended over the past year?

The current net interest margin is 3.41. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Hamlin Bank and Trust Company’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Hamlin Bank and Trust Company, this stands at 1.2475.

Are there any recent regulatory changes that could impact Hamlin Bank and Trust Company’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Hamlin Bank and Trust Company. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Hamlin Bank and Trust Company?

Hamlin Bank and Trust Company was established on 12/31/1863. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Hamlin Bank and Trust Company FDIC insured?

Yes, Hamlin Bank and Trust Company is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Hamlin Bank and Trust Company in OK?

The routing number for Hamlin Bank and Trust Company in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Hamlin Bank and Trust Company?

Hamlin Bank and Trust Company is a significant player in the financial sector with total assets valued at $430,899k and a network of 9 domestic offices.

Is Hamlin Bank and Trust Company a local bank?

Hamlin Bank and Trust Company is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Hamlin Bank and Trust Company. Get more data about Hamlin Bank and Trust Company on Visbanking Report Portal.