Economy Savings Association in Aliquippa, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 1995

  • Economy Savings Association in Aliquippa, Pennsylvania (PA)
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Economy Savings Association - Overview

  • General
  • FDIC Certificate #: 27941
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: ESB Bank (#27708)
    Federal Reserve ID: 656078
    Date Established: January 01, 1904
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 583
    FDIC's unique #: 40775
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 31, 1937
    Last Structure Change Effective Date: March 30, 1995
    Last Structure Change Process Date: April 17, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2301 Sheffield Road, Aliquippa, PA 15001
    County: Beaver
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Wexford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Pittsburgh, PA (#6280)
    Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
    Core Based Statistical Area (CBSA): Pittsburgh, PA (#38300)
    CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $161.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $30Total assets
  • $161,273Cash and due from depository institutions
  • $2,584Interest-bearing balances
  • $1,880Securities
  • $82,499Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $66,189Loan loss allowance
  • $1,076Trading account assets
  • $0Bank premises and fixed assets
  • $1,152Other real estate owned
  • $154Goodwill and other intangibles
  • $3,326Life insurance assets
  • $5,369All other assets
  • $0Total liabilities and capital
  • $161,273Total liabilities
  • $140,331Total deposits
  • $111,425Interest-bearing deposits
  • $109,123Deposits held in domestic offices
  • 111425.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $28,201Subordinated debt
  • $0All other liabilities
  • $705Total equity capital
  • $705Total bank equity capital
  • $20,942Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $20,215Undivided profits
  • Memoranda
  • $726Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $458Income earned, not collected on loans
  • $329Earning assets
  • $150,568Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $150,969Average Assets, quarterly
  • $160,225Volatile liabilities
  • $33,444Insider loans
  • $720FHLB advances
  • $28,085Loans and leases held for sale
  • $0Unused loan commitments
  • $8,760Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,006Total risk weighted assets
  • $61,183Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,468Total interest expense
  • $3,735Net interest income
  • $3,733Provision for loan and lease losses
  • $8Total noninterest income
  • $218Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $218Total noninterest expense
  • $2,153Salaries and employee benefits
  • $1,035Premises and equipment expense
  • $291Additional noninterest expense
  • $827Pre-tax net operating income
  • $1,790Securities gains (losses)
  • -$12Applicable income taxes
  • $728Income before extraordinary items
  • $1,050Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,050Net charge-offs
  • $57Cash dividends
  • $227Sale, conversion, retirement of capital stock, net
  • $12,337Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.28%Cost of funding earning assets
  • 2.64%Net interest margin
  • 2.64%Noninterest income to earning assets
  • 0.15%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 4.85%Retained earnings to average equity (YTD only)
  • 3.80%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 14.04%Efficiency ratio
  • 51,531Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.62%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 234.93%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 59.40%Net loans and leases to core deposits
  • 62.34%Equity capital to assets
  • 12.99%Core capital (leverage) ratio
  • 9.66%Tier 1 risk-based capital ratio
  • 24.53%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $150,969Average earning assets
  • $21,651Average equity
  • $141,322Average loans

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