FDIC Certificate #: 27956 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Commonwealth Bank (#7468) Federal Reserve ID: 444172 Date Established: January 01, 1887 WWW:http://www.laurelsb.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 617 FDIC's unique #: 40790 Numeric code: 41 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: Febuary 20, 1943 Last Structure Change Effective Date: August 28, 2006 Last Structure Change Process Date: October 04, 2006 Last Data Update: October 04, 2006 Data Source Date: April 05, 2012
Location
Address: 2724 Harts Run Road, Allison Park, PA 15101 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: $320.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
64Total employees (full-time equivalent)
$309,084Total assets
$14,148Cash and due from depository institutions
$12,476Interest-bearing balances
$64,488Securities
$0Federal funds sold & reverse repurchase agreements
$214,138Net loans & leases
$1,998Loan loss allowance
$0Trading account assets
$2,165Bank premises and fixed assets
$0Other real estate owned
$3,177Goodwill and other intangibles
$0Life insurance assets
$10,968All other assets
$309,084Total liabilities and capital
$282,167Total liabilities
$258,080Total deposits
$238,145Interest-bearing deposits
$258,080Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,599Other borrowed funds
$0Subordinated debt
$2,488All other liabilities
$26,917Total equity capital
$26,917Total bank equity capital
$26,917Perpetual preferred stock
$0Common stock
$1Surplus
$4,716Undivided profits
Memoranda
$22,200Noncurrent loans and leases
$7,634Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$668Earning assets
$0Long-term assets (5+ years)
$1,084Average Assets, year-to-date
$291,102Average Assets, quarterly
$112,498Volatile liabilities
$308,516Insider loans
$308,836FHLB advances
$22,653Loans and leases held for sale
$192Unused loan commitments
$21,599Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$507Total risk weighted assets
$7,634Total unused commitments
$0Restructured Loans and leases
$1,998Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$14,194Total interest income
$6,705Total interest expense
$7,489Net interest income
$3Provision for loan and lease losses
$1,340Total noninterest income
$0Fiduciary activities
$683Service charges on deposit accounts
$0Trading account gains & fees
$657Additional noninterest income
$5,930Total noninterest expense
$2,912Salaries and employee benefits
$835Premises and equipment expense
$2,183Additional noninterest expense
$2,896Pre-tax net operating income
$15Securities gains (losses)
$706Applicable income taxes
$2,205Income before extraordinary items
$0Extraordinary gains - net
$2,205Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$1,400Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.91%Yield on earning assets
2.32%Cost of funding earning assets
2.59%Net interest margin
0.46%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
0.94%Pretax return on assets
8.18%Return on equity (ROE)
2.98%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-42.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,597Assets per employee
4.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.49%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
299.10%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.31%Net loans and leases to deposits
82.97%Net loans and leases to core deposits
90.96%Equity capital to assets
8.71%Core capital (leverage) ratio
7.89%Tier 1 risk-based capital ratio
14.97%Total risk-based capital ratio
Memoranda
$16Average assets
$308,516Average earning assets
$26,970Average equity
$289,153Average loans
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