First Western Bank, National Association in city_name, state_name

First Western Bank, National Association in New Castle, Pennsylvania (PA)
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First Western Bank, National Association - Overview

General
FDIC Certificate #: 7930
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sky Bank (#14641)
Federal Reserve ID: 984623
Date Established: January 01, 1855
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 49 (Interstate: No)
OTS Docket #: 9755
FDIC's unique #: 5076
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 07, 1999
Last Structure Change Process Date: September 23, 1999
Last Data Update: September 23, 1999
Data Source Date: April 05, 2012
Location
Address: 101 East Washington Street, New Castle, PA 16101
County: Lawrence
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
Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430)
Core Based Statistical Area (CBSA): New Castle, PA (#35260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $1,978.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

Dollar figures in thousands
433Total employees (full-time equivalent)
$2,210,341Total assets
$48,322Cash and due from depository institutions
$2,327Interest-bearing balances
$849,706Securities
$0Federal funds sold & reverse repurchase agreements
$1,136,302Net loans & leases
$18,297Loan loss allowance
$0Trading account assets
$17,670Bank premises and fixed assets
$617Other real estate owned
$60,389Goodwill and other intangibles
$0Life insurance assets
$97,335All other assets
$2,210,341Total liabilities and capital
$2,027,645Total liabilities
$1,489,465Total deposits
$1,346,593Interest-bearing deposits
$1,489,465Deposits held in domestic offices
0.00%% insured (estimated)
$236,120Federal funds purchased & repurchase agreements
$0Trading liabilities
$225,977Other borrowed funds
$0Subordinated debt
$76,083All other liabilities
$182,696Total equity capital
$182,696Total bank equity capital
$182,696Perpetual preferred stock
$0Common stock
$5,400Surplus
$46,818Undivided profits
Memoranda
$130,478Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,807Earning assets
$332Long-term assets (5+ years)
$4,968Average Assets, year-to-date
$1,988,335Average Assets, quarterly
$1,061,409Volatile liabilities
$1,971,838Insider loans
$2,198,346FHLB advances
$398,520Loans and leases held for sale
$21,794Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,475Total risk weighted assets
$277,309Total unused commitments
$0Restructured Loans and leases
$1,256,488Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$138,669Total interest income
$76,725Total interest expense
$61,944Net interest income
$4,000Provision for loan and lease losses
$17,261Total noninterest income
$2,823Fiduciary activities
$5,282Service charges on deposit accounts
$0Trading account gains & fees
$9,156Additional noninterest income
$46,873Total noninterest expense
$13,886Salaries and employee benefits
$4,364Premises and equipment expense
$28,623Additional noninterest expense
$28,332Pre-tax net operating income
-$965Securities gains (losses)
$7,726Applicable income taxes
$19,641Income before extraordinary items
$0Extraordinary gains - net
$19,641Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,780Sale, conversion, retirement of capital stock, net
$2,000Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.65%Yield on earning assets
4.23%Cost of funding earning assets
3.42%Net interest margin
0.95%Noninterest income to earning assets
2.59%Noninterest expense to earning assets
1.03%Net operating income to assets
1.00%Return on assets (ROA)
1.39%Pretax return on assets
12.45%Return on equity (ROE)
11.18%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
105.82%Credit loss provision to net charge-offs
8.55%Efficiency ratio
54,959Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.18%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
380.63%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.42%Net loans and leases to deposits
76.29%Net loans and leases to core deposits
81.77%Equity capital to assets
8.27%Core capital (leverage) ratio
5.65%Tier 1 risk-based capital ratio
9.50%Total risk-based capital ratio
Memoranda
$11Average assets
$1,971,838Average earning assets
$157,820Average equity
$1,813,205Average loans

First Western Bank, National Association in New Castle, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, National Association - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, National Association in New Castle, Pennsylvania (PA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, National Association - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, National Association in New Castle, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches