PNC Converted Bank, National Association in Pittsburgh, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 2000

  • PNC Converted Bank, National Association in Pittsburgh, Pennsylvania (PA)
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PNC Converted Bank, National Association - Overview

  • General
  • FDIC Certificate #: 32271
    Status: Inactive
    Closing history: Change in Primary Regulatory Agency
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 204675
    Date Established: Febuary 15, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 21 (Interstate: No)
    OTS Docket #: 8077
    FDIC's unique #: 45105
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 15, 1985
    Last Structure Change Effective Date: November 30, 2000
    Last Structure Change Process Date: January 24, 2001
    Last Data Update: January 24, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 620 Liberty Avenue, 2 Pnc Plaza 5th Floor, Pittsburgh, PA 15222
    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
  • Merger - Without Assistance
    Name Change
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,469.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $1,530,836Total assets
  • $225,533Cash and due from depository institutions
  • $51Interest-bearing balances
  • $83,015Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,179,329Net loans & leases
  • $4,913Loan loss allowance
  • $0Trading account assets
  • $14,791Bank premises and fixed assets
  • $0Other real estate owned
  • $4,529Goodwill and other intangibles
  • $0Life insurance assets
  • $23,639All other assets
  • $1,530,836Total liabilities and capital
  • $1,410,343Total liabilities
  • $936,074Total deposits
  • $841,272Interest-bearing deposits
  • $936,074Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $463,191Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $11,078All other liabilities
  • $120,493Total equity capital
  • $120,493Total bank equity capital
  • $120,493Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $130,155Undivided profits
  • Memoranda
  • $-9,712Noncurrent loans and leases
  • $235,886Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,283Earning assets
  • $0Long-term assets (5+ years)
  • $5,825Average Assets, year-to-date
  • $1,262,395Average Assets, quarterly
  • $0Volatile liabilities
  • $1,342,958Insider loans
  • $1,441,298FHLB advances
  • $847,440Loans and leases held for sale
  • $81Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $235,886Total unused commitments
  • $0Restructured Loans and leases
  • $4,913Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $94,413Total interest income
  • $61,205Total interest expense
  • $33,208Net interest income
  • $3,360Provision for loan and lease losses
  • $25,677Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25,677Additional noninterest income
  • $60,740Total noninterest expense
  • $9,724Salaries and employee benefits
  • $20,358Premises and equipment expense
  • $30,658Additional noninterest expense
  • -$5,215Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,732Applicable income taxes
  • -$3,483Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,483Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,180Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.02%Yield on earning assets
  • 5.20%Cost of funding earning assets
  • 2.82%Net interest margin
  • 2.18%Noninterest income to earning assets
  • 5.16%Noninterest expense to earning assets
  • -0.26%Net operating income to assets
  • -0.26%Return on assets (ROA)
  • -0.39%Pretax return on assets
  • -2.85%Return on equity (ROE)
  • -2.85%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 105.66%Credit loss provision to net charge-offs
  • -0.58%Efficiency ratio
  • 102,763Assets per employee
  • 11.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.41%Loss allowance to noncurrent loans
  • 382.93%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 125.99%Net loans and leases to core deposits
  • 213.71%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 9.77%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,342,958Average earning assets
  • $122,326Average equity
  • $1,177,020Average loans

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