Iron and Glass Bank in Pittsburgh, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 2008

  • Iron and Glass Bank in Pittsburgh, Pennsylvania (PA)
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Iron and Glass Bank - Overview

  • General
  • FDIC Certificate #: 9891
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Pennsylvania (#7888)
    Federal Reserve ID: 38526
    Date Established: March 01, 1871
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    OTS Docket #: 8846
    FDIC's unique #: 6328
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 15, 2008
    Last Structure Change Process Date: September 10, 2008
    Last Data Update: September 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1114 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: $305.3 mil

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

2000 - 2011 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, 2007)

  • Dollar figures in thousands
  • 90Total employees (full-time equivalent)
  • $302,291Total assets
  • $6,594Cash and due from depository institutions
  • $81Interest-bearing balances
  • $118,777Securities
  • $4,522Federal funds sold & reverse repurchase agreements
  • $164,159Net loans & leases
  • $1,850Loan loss allowance
  • $0Trading account assets
  • $1,301Bank premises and fixed assets
  • $613Other real estate owned
  • $704Goodwill and other intangibles
  • $3,025Life insurance assets
  • $5,621All other assets
  • $302,291Total liabilities and capital
  • $263,520Total liabilities
  • $251,351Total deposits
  • $214,025Interest-bearing deposits
  • $251,351Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,719Other borrowed funds
  • $0Subordinated debt
  • $3,450All other liabilities
  • $38,771Total equity capital
  • $38,771Total bank equity capital
  • $38,771Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $2,600Undivided profits
  • Memoranda
  • $35,571Noncurrent loans and leases
  • $33,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,307Earning assets
  • $0Long-term assets (5+ years)
  • $685Average Assets, year-to-date
  • $287,539Average Assets, quarterly
  • $133,810Volatile liabilities
  • $300,130Insider loans
  • $301,327FHLB advances
  • $43,722Loans and leases held for sale
  • $1,447Unused loan commitments
  • $8,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $564Total risk weighted assets
  • $33,140Total unused commitments
  • $0Restructured Loans and leases
  • $1,850Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $18,155Total interest income
  • $7,665Total interest expense
  • $10,490Net interest income
  • $25Provision for loan and lease losses
  • $1,386Total noninterest income
  • $0Fiduciary activities
  • $1,104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $282Additional noninterest income
  • $6,868Total noninterest expense
  • $3,589Salaries and employee benefits
  • $995Premises and equipment expense
  • $2,284Additional noninterest expense
  • $4,983Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,377Applicable income taxes
  • $3,606Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,606Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$59Sale, conversion, retirement of capital stock, net
  • $1,352Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.35%Yield on earning assets
  • 2.68%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 9.67%Return on equity (ROE)
  • 6.04%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -42.37%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,376Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.49%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 141.55%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 65.31%Net loans and leases to core deposits
  • 79.06%Equity capital to assets
  • 12.83%Core capital (leverage) ratio
  • 12.72%Tier 1 risk-based capital ratio
  • 17.77%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $300,130Average earning assets
  • $37,290Average equity
  • $285,730Average loans

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