Woodlands Financial Services Stock

Woodlands Financial Services Company operates as a financial services holding company of Woodlands Bank (the bank) and Woodlands Stock Corporation.

The bank is a state chartered commercial bank located in Williamsport, Pennsylvania and operates as a traditional community bank, providing commercial and consumer banking and trust services in Lycoming and Clinton counties and the surrounding market area.

Mortgage Banking Activity

Loans held for sale consist of residential mortgage loans originated by the company.

Investment Securities

The company’s investment securities are the U.S. government securities, state and political subdivisions, corporate securities, and mortgage-backed securities.

Loans and Leases

The company’s loans and leases include commercial loans, consumer loans, and real estate loans (construction loans, farmland loans, residential loans, home equity lines of credit, multi-family loans, and commercial loans.

Segmentation of the homogeneous portfolio includes the following categories identified: 1-4 family (owner occupied), 1-4 family junior lien loans, 1-4 family revolving lines of credit, 1-4 family (non-owner occupied), commercial real estate (owner occupied), commercial real estate (non-owner occupied), land development, student housing, C & I, unsecured (commercial), tax exempts and non-profits, and consumer & other.

The company grants commercial and consumer loans to customers primarily in Lycoming and Clinton Counties, Pennsylvania. The company has a concentration of loans secured by real estate.

Deposits

The company’s deposits are demand deposits - non-interest bearing, demand deposits - interest bearing, savings deposits, time deposits - over $250,000, and time – other deposits. The bank has available three types of borrowings with the Federal Home Loan Bank (FHLB).

Regulatory Matters

The company and the bank are subject to various regulatory capital requirements administered by its primary federal regulator, the Federal Reserve Bank (FRB) and the Commonwealth of Pennsylvania Department of Banking and Securities.

History

Woodlands Financial Services Company was founded in 1989.