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)
  • Show street view No street view available for this location

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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Iron and Glass Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents