First South Savings Association in Pittsburgh, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 11, 1993

  • First South Savings Association in Pittsburgh, Pennsylvania (PA)
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First South Savings Association - Overview

  • General
  • FDIC Certificate #: 30224
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fayette Bank (#16576)
    Federal Reserve ID: 235473
    Date Established: June 29, 1943
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4996
    FDIC's unique #: 43058
    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: June 29, 1943
    Last Structure Change Effective Date: December 11, 1993
    Last Structure Change Process Date: December 30, 1993
    Last Data Update: December 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1712 East Carson Street, Pittsburgh, PA 15203
    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 Summary
  • Total assets: $151.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $63Total assets
  • $162,091Cash and due from depository institutions
  • $49,853Interest-bearing balances
  • $47,085Securities
  • $27,284Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $79,709Loan loss allowance
  • $736Trading account assets
  • $0Bank premises and fixed assets
  • $2,022Other real estate owned
  • $56Goodwill and other intangibles
  • $3,167Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $162,091Total liabilities
  • $151,746Total deposits
  • $148,536Interest-bearing deposits
  • $141,673Deposits held in domestic offices
  • 148536.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $151Subordinated debt
  • $0All other liabilities
  • $3,059Total equity capital
  • $3,059Total bank equity capital
  • $10,345Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $1,512Undivided profits
  • Memoranda
  • $8,828Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $937Income earned, not collected on loans
  • $549Earning assets
  • $154,078Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $167,273Average Assets, quarterly
  • $162,662Volatile liabilities
  • $6,472Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,106Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,345Total risk weighted assets
  • $82,687Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,386Total interest expense
  • $7,177Net interest income
  • $5,209Provision for loan and lease losses
  • $0Total noninterest income
  • $1,113Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,113Total noninterest expense
  • $4,652Salaries and employee benefits
  • $2,095Premises and equipment expense
  • $932Additional noninterest expense
  • $1,625Pre-tax net operating income
  • $1,670Securities gains (losses)
  • $309Applicable income taxes
  • $770Income before extraordinary items
  • $1,209Extraordinary gains - net
  • $643Net income attributable to bank
  • $1,852Net charge-offs
  • $103Cash dividends
  • $3,000Sale, conversion, retirement of capital stock, net
  • $44Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.75%Cost of funding earning assets
  • 4.49%Net interest margin
  • 3.26%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 2.91%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 15.98%Retained earnings to average equity (YTD only)
  • -9.90%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,584Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 161.99%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 78.55%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 53.66%Net loans and leases to core deposits
  • 56.05%Equity capital to assets
  • 6.38%Core capital (leverage) ratio
  • 6.38%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $167,273Average earning assets
  • $11,591Average equity
  • $159,859Average loans

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