FDIC Certificate #: 28416 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Northwest Savings Bank (#28178) Federal Reserve ID: 404774 Date Established: January 01, 1887 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 1552 FDIC's unique #: 41250 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 14, 1935 Last Structure Change Effective Date: October 23, 2009 Last Structure Change Process Date: November 23, 2009 Last Data Update: November 23, 2009 Data Source Date: April 05, 2012
Location
Address: 905 Main Street, Sharpsburg, PA 15215 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)
History of Changes
Absorption - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $24.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
5Total employees (full-time equivalent)
$24,597Total assets
$7,677Cash and due from depository institutions
$7,533Interest-bearing balances
$12,312Securities
$0Federal funds sold & reverse repurchase agreements
$4,090Net loans & leases
$47Loan loss allowance
$0Trading account assets
$172Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$346All other assets
$24,597Total liabilities and capital
$20,848Total liabilities
$20,823Total deposits
$20,156Interest-bearing deposits
$20,823Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$25All other liabilities
$3,749Total equity capital
$3,749Total bank equity capital
$3,749Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$3,749Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$148Average Assets, year-to-date
$23,935Average Assets, quarterly
$7,652Volatile liabilities
$25,679Insider loans
$25,124FHLB advances
$1,277Loans and leases held for sale
$78Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$47Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,079Total interest income
$659Total interest expense
$420Net interest income
$0Provision for loan and lease losses
$22Total noninterest income
$0Fiduciary activities
$10Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$550Total noninterest expense
$304Salaries and employee benefits
$46Premises and equipment expense
$200Additional noninterest expense
-$108Pre-tax net operating income
$0Securities gains (losses)
-$11Applicable income taxes
-$97Income before extraordinary items
$0Extraordinary gains - net
-$97Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.32%Yield on earning assets
2.64%Cost of funding earning assets
1.68%Net interest margin
0.09%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
-0.38%Net operating income to assets
-0.38%Return on assets (ROA)
-0.42%Pretax return on assets
-2.55%Return on equity (ROE)
-2.55%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
124,434Assets per employee
4.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
19.64%Net loans and leases to core deposits
20.92%Equity capital to assets
15.24%Core capital (leverage) ratio
14.91%Tier 1 risk-based capital ratio
70.64%Total risk-based capital ratio
Memoranda
$72Average assets
$25,679Average earning assets
$3,799Average equity
$24,979Average loans
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