First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 08, 1997

  • First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)
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First Western Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 29433
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Western Bank, National Association (#7930)
    Federal Reserve ID: 176277
    Date Established: January 01, 1887
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3442
    FDIC's unique #: 42267
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 05, 1939
    Last Structure Change Effective Date: September 08, 1997
    Last Structure Change Process Date: September 22, 1997
    Last Data Update: September 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 E State St, Sharon, PA 16146
    County: Mercer
    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): Sharon, PA (#7610)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • Financial Summary
  • Total assets: $571.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $109Total assets
  • $599,601Cash and due from depository institutions
  • $10,407Interest-bearing balances
  • $1,658Securities
  • $135,920Federal funds sold & reverse repurchase agreements
  • $12,775Net loans & leases
  • $418,869Loan loss allowance
  • $8,208Trading account assets
  • $0Bank premises and fixed assets
  • $5,029Other real estate owned
  • $101Goodwill and other intangibles
  • $10,169Life insurance assets
  • $6,331All other assets
  • $0Total liabilities and capital
  • $599,601Total liabilities
  • $558,118Total deposits
  • $368,883Interest-bearing deposits
  • $350,188Deposits held in domestic offices
  • 368883.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $95,840Trading liabilities
  • $0Other borrowed funds
  • $87,000Subordinated debt
  • $0All other liabilities
  • $6,395Total equity capital
  • $6,395Total bank equity capital
  • $41,483Perpetual preferred stock
  • $0Common stock
  • $14Surplus
  • $27,937Undivided profits
  • Memoranda
  • $13,532Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,970Income earned, not collected on loans
  • $2,039Earning assets
  • $569,222Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $595,624Average Assets, quarterly
  • $605,776Volatile liabilities
  • $217,561Insider loans
  • $776FHLB advances
  • $87,000Loans and leases held for sale
  • $0Unused loan commitments
  • $34,529Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $34,934Total risk weighted assets
  • $362,045Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $44,574Total interest expense
  • $25,662Net interest income
  • $18,912Provision for loan and lease losses
  • $5,673Total noninterest income
  • $1,096Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,096Total noninterest expense
  • $15,571Salaries and employee benefits
  • $2,720Premises and equipment expense
  • $2,276Additional noninterest expense
  • $10,575Pre-tax net operating income
  • -$1,236Securities gains (losses)
  • $2,177Applicable income taxes
  • $47Income before extraordinary items
  • $894Extraordinary gains - net
  • $0Net income attributable to bank
  • $894Net charge-offs
  • $3,558Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.88%Cost of funding earning assets
  • 4.54%Net interest margin
  • 3.35%Noninterest income to earning assets
  • 0.19%Noninterest expense to earning assets
  • 2.75%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 0.16%Return on equity (ROE)
  • 2.17%Retained earnings to average equity (YTD only)
  • 2.17%Net charge-offs to loans
  • 0.88%Credit loss provision to net charge-offs
  • 159.44%Efficiency ratio
  • 74,020Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 322.49%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 113.55%Net loans and leases to core deposits
  • 125.35%Equity capital to assets
  • 6.92%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $595,624Average earning assets
  • $41,214Average equity
  • $565,362Average loans

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