The Citizens National Bank of Meyersdale, Financial Information

About The Citizens National Bank of Meyersdale

 Address:
135 Center Street
Meyersdale, PA
Somerset County, Pennsylvania
 Established:
Jan 1869
 Number of domestic offices:
2
Total assets$88M
Net income$-1M
Net income, quarterly$-1M
Total deposits$79M
Domestic deposits$79M
Equity capital$9M
ROA-0.91%
ROAQ, quarterly-2.32%
ROA, pretax-2.32%
ROAQ, quarterly, pretax-2.77%
ROE-8.44%
ROEQ, quarterly-22.31%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Samuel Philson, in partnership with J. S. Black, opened the banking house of Philson, Black and Company in 1869 at the same location of the present Citizens National Bank at the intersection of Center and Clay Streets in Meyersdale. In the early 1870's, the banking firm of Philson, Black and Company dissolved and the bank became the Citizens National.

In 1901, two years before Samuel Philson died, the Citizens National Bank was incorporated as a national bank. In the 1880’s Citizens National Bank flourished, as did other Meyersdale businesses and industries, and, coupled with extensive mining, lumbering and farming, there was a need for a strong financial institution.

Over the years, the Citizens National Bank of Meyersdale has provided that need. Early in the 1900's, around the time of the bank's incorporation, expanded facilities were needed and it was then that a new building was decided upon. The result is the current four-story brick structure that occupies the same site as previously had been occupied by Philson, Black and Company. The following have served as Presidents of the Philson National Bank of Berlin and the Citizens National Bank of Meyersdale.

Ph. 814-634-5941
135 Center Street, P.O. Box 29
Meyersdale, PA 15552

Ph. 814-267-2139
1026 Main Street
Berlin, PA 15530