National Bank of the Commonwealth in Indiana, Pennsylvania (PA)



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National Bank of the Commonwealth
GeneralFDIC Certificate #: 14221
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Commonwealth Bank (#7468)
Federal Reserve ID: 42420
Date Established: April 07, 1934
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 19 (Interstate: No)
OTS Docket #: 10219
FDIC's unique #: 8878
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 07, 1934
Last Structure Change Effective Date: November 13, 1995
Last Structure Change Process Date: Febuary 06, 1996
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
LocationAddress: 600 Philadelphia Street, Indiana, PA 15701
County: Indiana
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
Core Based Statistical Area (CBSA): Indiana, PA (#26860)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $506.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$187
Cash and due from depository institutions$506,183
Interest-bearing balances$15,289
Securities$0
Federal funds sold & reverse repurchase agreements$202,479
Net loans & leases$0
Loan loss allowance $277,045
Trading account assets$2,858
Bank premises and fixed assets$0
Other real estate owned$3,330
Goodwill and other intangibles$380
All other assets$0
Life insurance assets$7,660
Total liabilities and capital$0
Total liabilities$506,183
Total deposits$471,797
Interest-bearing deposits$409,295
Deposits held in domestic offices$354,935
% insured (estimated)409295.00%
Federal funds purchased & repurchase agreements $89
Trading liabilities$43,899
Other borrowed funds $0
Subordinated debt $14,696
All other liabilities $766
Total equity capital$3,141
Total bank equity capital$3,141
Perpetual preferred stock$34,386
Common stock$0
Surplus$4,000
Undivided profits $4,000
Memoranda
Noncurrent loans and leases $26,386
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,280
Earning assets $1,781
Long-term assets (5+ years) $479,524
Average Assets, year-to-date $210,869
Average Assets, quarterly $502,203
Volatile liabilities $508,546
Insider loans $95,409
FHLB advances $9,496
Loans and leases held for sale $0
Unused loan commitments $4,635
Tier 1 (core) risk-based capital $88,733
Tier 2 risk-based capital $0
Total risk weighted assets $39,300
Total unused commitments $317,939
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $33,869
Net interest income $15,624
Provision for loan and lease losses $18,245
Total noninterest income $799
Fiduciary activities $3,042
Service charges on deposit accounts $0
Trading account gains & fees $1,238
Additional noninterest income $0
Total noninterest expense $1,804
Salaries and employee benefits $10,917
Premises and equipment expense $4,444
Additional noninterest expense $1,379
Pre-tax net operating income $5,094
Securities gains (losses) $9,571
Applicable income taxes $106
Income before extraordinary items $2,927
Extraordinary gains - net $6,750
Net income attributable to bank $0
Net charge-offs $6,750
Cash dividends $556
Sale, conversion, retirement of capital stock, net $4,050
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.12%
Net interest margin 3.28%
Noninterest income to earning assets 3.83%
Noninterest expense to earning assets 0.64%
Net operating income to assets 2.29%
Return on assets (ROA) 1.33%
Pretax return on assets 1.34%
Return on equity (ROE) 1.93%
Retained earnings to average equity (YTD only) 19.09%
Net charge-offs to loans 7.64%
Credit loss provision to net charge-offs 0.21%
Efficiency ratio143.71%
Assets per employee$51,285
Cash dividends to net income (YTD only)2.71%
Condition Ratios (%)
Loss allowance to loans 60.00%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 66.78%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits1.53%
Net loans and leases to core deposits 67.69%
Equity capital to assets 74.88%
Core capital (leverage) ratio 6.79%
Tier 1 risk-based capital ratio 7.78%
Total risk-based capital ratio 12.36%
Memoranda
Average assets$13
Average earning assets$502,203
Average equity $35,354
Average loans $475,832
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