Equibank in Pittsburgh, Pennsylvania (PA)



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Table of contents:
Equibank
GeneralFDIC Certificate #: 7912
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of Pennsylvania (#7948)
Federal Reserve ID: 52223
Date Established: January 01, 1871
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 60 (Interstate: No)
OTS Docket #: 9138
FDIC's unique #: 5070
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 23, 1993
Last Structure Change Process Date: June 02, 1993
Last Data Update: June 02, 1993
Data Source Date: April 05, 2012
LocationAddress: Two Oliver Plaza, Pittsburgh, PA 15222
County: Allegheny
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)
Financial SummaryTotal assets: $2,668.2 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,278
Cash and due from depository institutions$2,722,557
Interest-bearing balances$110,847
Securities$961
Federal funds sold & reverse repurchase agreements$492,600
Net loans & leases$228,000
Loan loss allowance $1,695,814
Trading account assets$95,879
Bank premises and fixed assets$41,446
Other real estate owned$14,634
Goodwill and other intangibles$36,377
All other assets$2,866
Life insurance assets$99,973
Total liabilities and capital$0
Total liabilities$2,722,557
Total deposits$2,636,008
Interest-bearing deposits$2,474,168
Deposits held in domestic offices$2,110,994
% insured (estimated)2474168.00%
Federal funds purchased & repurchase agreements $90
Trading liabilities$6,301
Other borrowed funds $0
Subordinated debt $82,168
All other liabilities $0
Total equity capital$73,371
Total bank equity capital$73,371
Perpetual preferred stock$86,549
Common stock$0
Surplus$25,422
Undivided profits $121,532
Memoranda
Noncurrent loans and leases $-60,405
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $94,992
Earning assets $15,510
Long-term assets (5+ years) $2,458,821
Average Assets, year-to-date $717,125
Average Assets, quarterly $2,916,537
Volatile liabilities $2,760,614
Insider loans $251,967
FHLB advances $518
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $360,624
Tier 2 risk-based capital $0
Total risk weighted assets $85,073
Total unused commitments $1,947,516
Restructured Loans and leases $0
Derivatives$111,220
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $243,403
Net interest income $117,209
Provision for loan and lease losses $126,194
Total noninterest income $46,794
Fiduciary activities $42,930
Service charges on deposit accounts $1,126
Trading account gains & fees $11,105
Additional noninterest income -$1,573
Total noninterest expense $32,272
Salaries and employee benefits $177,789
Premises and equipment expense $59,252
Additional noninterest expense $18,374
Pre-tax net operating income $100,163
Securities gains (losses) -$55,459
Applicable income taxes $3,178
Income before extraordinary items $381
Extraordinary gains - net -$52,662
Net income attributable to bank $0
Net charge-offs -$52,662
Cash dividends $24,212
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 9.22%
Net interest margin 4.44%
Noninterest income to earning assets 4.78%
Noninterest expense to earning assets 1.63%
Net operating income to assets 6.73%
Return on assets (ROA) -1.91%
Pretax return on assets -1.81%
Return on equity (ROE) -1.79%
Retained earnings to average equity (YTD only) -41.08%
Net charge-offs to loans -41.08%
Credit loss provision to net charge-offs 1.25%
Efficiency ratio193.27%
Assets per employee$104,591
Cash dividends to net income (YTD only)2.13%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.35%
Noncurrent assets plus other real estate owned to assets 100.93%
Noncurrent loans to loans 4.83%
Net loans and leases to deposits5.30%
Net loans and leases to core deposits 68.54%
Equity capital to assets 73.39%
Core capital (leverage) ratio 3.18%
Tier 1 risk-based capital ratio 3.06%
Total risk-based capital ratio 4.37%
Memoranda
Average assets$6
Average earning assets$2,916,537
Average equity $128,206
Average loans $2,640,354
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