Pittsburgh Savings Bank in Pittsburgh, Pennsylvania (PA)



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Pittsburgh Savings Bank
GeneralFDIC Certificate #: 30197
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Commonwealth Bank (#7468)
Federal Reserve ID: 688275
Date Established: April 28, 1942
WWW: http://www.bankpgh.com
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 4928
FDIC's unique #: 43031
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: April 28, 1942
Last Structure Change Effective Date: December 05, 2003
Last Structure Change Process Date: January 14, 2004
Last Data Update: January 14, 2004
Data Source Date: April 05, 2012
LocationAddress: 225 Ross Street, Pittsburgh, PA 15219
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 SummaryTotal assets: $373.5 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)73
Total assets$404,767
Cash and due from depository institutions$7,218
Interest-bearing balances$6,143
Securities$136,843
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$236,676
Loan loss allowance $3,082
Trading account assets$0
Bank premises and fixed assets$5,587
Other real estate owned$535
Goodwill and other intangibles$138
All other assets$17,770
Life insurance assets$0
Total liabilities and capital$404,767
Total liabilities$371,766
Total deposits$186,264
Interest-bearing deposits$170,852
Deposits held in domestic offices$186,264
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $20,000
Trading liabilities$0
Other borrowed funds $163,111
Subordinated debt $0
All other liabilities $2,391
Total equity capital$33,001
Total bank equity capital$33,001
Perpetual preferred stock$33,001
Common stock$0
Surplus$0
Undivided profits $16,491
Memoranda
Noncurrent loans and leases $16,510
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $25,867
Income earned, not collected on loans $0
Earning assets $4,624
Long-term assets (5+ years) $61
Average Assets, year-to-date $2,425
Average Assets, quarterly $379,662
Volatile liabilities $236,947
Insider loans $412,510
FHLB advances $409,514
Loans and leases held for sale $71,592
Unused loan commitments $423
Tier 1 (core) risk-based capital $163,111
Tier 2 risk-based capital $25,000
Total risk weighted assets $0
Total unused commitments $25,867
Restructured Loans and leases $0
Derivatives$2,957
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $26,375
Total interest expense $17,437
Net interest income $8,938
Provision for loan and lease losses $330
Total noninterest income $1,723
Fiduciary activities $0
Service charges on deposit accounts $515
Trading account gains & fees $0
Additional noninterest income $1,208
Total noninterest expense $7,383
Salaries and employee benefits $3,149
Premises and equipment expense $1,682
Additional noninterest expense $2,552
Pre-tax net operating income $2,948
Securities gains (losses) $0
Applicable income taxes $983
Income before extraordinary items $1,965
Extraordinary gains - net $0
Net income attributable to bank $1,965
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $29
Net operating income $1,499
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.82%
Cost of funding earning assets 4.51%
Net interest margin 2.31%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 1.91%
Net operating income to assets 0.48%
Return on assets (ROA) 0.48%
Pretax return on assets 0.71%
Return on equity (ROE) 6.11%
Retained earnings to average equity (YTD only) 1.45%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1137.93%
Efficiency ratio113.03%
Assets per employee$69,018
Cash dividends to net income (YTD only)5.54%
Condition Ratios (%)
Loss allowance to loans 76.28%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 66.65%
Noncurrent loans to loans 1.27%
Net loans and leases to deposits1.93%
Net loans and leases to core deposits 127.06%
Equity capital to assets 149.54%
Core capital (leverage) ratio 8.15%
Tier 1 risk-based capital ratio 7.80%
Total risk-based capital ratio 13.25%
Memoranda
Average assets$14
Average earning assets$412,510
Average equity $32,173
Average loans $386,641
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