FDIC Certificate #: 30237 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Pennsylvania (#7888) Federal Reserve ID: 249872 Date Established: December 15, 1943 WWW:http://www.parkvale.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 47 (Domestic: 47, Interstate: Yes) OTS Docket #: 5022 FDIC's unique #: 43071 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: December 15, 1943 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 10, 2012 Last Data Update: January 10, 2012 Data Source Date: April 05, 2012
Location
Address: 4220 William Penn Highway, Monroeville, PA 15146 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: $1,811.2 mil Equity capital: $141.5 mil Deposits held in domestic offices: $1,508.6 mil Return on assets (ROA): 0.38% ($6.9 mil) Quarterly return on assets: 0.17% ($3.1 mil) Return on Equity (ROE): 4.78% ($6.7 mil) Quarterly return on equity: 2.14% ($3.0 mil) Net income: $6.8 mil Quarterly Net income: $0.8 mil Pretax return on assets: 0.53% ($9,599.2 mil) Quarterly Pretax return on assets: 0.22% ($3,984.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
384Total employees (full-time equivalent)
$1,811,161Total assets
$253,523Cash and due from depository institutions
$228,978Interest-bearing balances
$493,114Securities
$0Federal funds sold & reverse repurchase agreements
$937,356Net loans & leases
$10,318Loan loss allowance
$0Trading account assets
$16,599Bank premises and fixed assets
$5,307Other real estate owned
$27,148Goodwill and other intangibles
$1,811,161Life insurance assets
$78,114All other assets
$1,669,708Total liabilities and capital
$1,508,640Total liabilities
$1,417,193Total deposits
$1,508,640Interest-bearing deposits
$95Deposits held in domestic offices
12940.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$140,847Trading liabilities
$0Other borrowed funds
$7,281Subordinated debt
$141,453All other liabilities
$141,453Total equity capital
$141,453Total bank equity capital
$0Perpetual preferred stock
$1,700Common stock
$118,229Surplus
$21,524Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$27,978Income earned, not collected on loans
$26Earning assets
$5,327Long-term assets (5+ years)
$1,659,448Average Assets, year-to-date
$597,707Average Assets, quarterly
$1,798,434Volatile liabilities
$1,802,293Insider loans
$1,111,712FHLB advances
$1,781,362Loans and leases held for sale
$26,890Unused loan commitments
$14,409Tier 1 (core) risk-based capital
$119,384Tier 2 risk-based capital
$0Total risk weighted assets
$12,481Total unused commitments
$125,870Restructured Loans and leases
$2,443Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$61,617Total interest income
$25,381Total interest expense
$36,236Net interest income
$2,684Provision for loan and lease losses
$8,888Total noninterest income
$0Fiduciary activities
$3,538Service charges on deposit accounts
$0Trading account gains & fees
$5,350Additional noninterest income
$32,203Total noninterest expense
$14,521Salaries and employee benefits
$4,240Premises and equipment expense
$13,442Additional noninterest expense
$10,237Pre-tax net operating income
-$655Securities gains (losses)
$2,810Applicable income taxes
$6,772Income before extraordinary items
$0Extraordinary gains - net
$6,772Net income attributable to bank
$0Net charge-offs
$6,772Cash dividends
$5,613Sale, conversion, retirement of capital stock, net
$5,280Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.74%Yield on earning assets
1.54%Cost of funding earning assets
2.20%Net interest margin
0.54%Noninterest income to earning assets
1.96%Noninterest expense to earning assets
0.40%Net operating income to assets
0.38%Return on assets (ROA)
0.53%Pretax return on assets
4.78%Return on equity (ROE)
1.05%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
47.82%Credit loss provision to net charge-offs
2.30%Efficiency ratio
69,351Assets per employee
4.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.97%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
36.88%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
2.95%Net loans and leases to deposits
62.13%Net loans and leases to core deposits
63.07%Equity capital to assets
7.81%Core capital (leverage) ratio
6.70%Tier 1 risk-based capital ratio
10.74%Total risk-based capital ratio
Memoranda
$12Average assets
$1,798,434Average earning assets
$141,691Average equity
$1,646,587Average loans
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