Reeves Bank in Beaver Falls, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 16, 2001

  • Reeves Bank in Beaver Falls, Pennsylvania (PA)
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Reeves Bank - Overview

  • General
  • FDIC Certificate #: 19868
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Pennsylvania (#7888)
    Federal Reserve ID: 308425
    Date Established: April 01, 1868
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 10373
    FDIC's unique #: 13656
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 15, 1968
    Last Structure Change Effective Date: March 16, 2001
    Last Structure Change Process Date: May 01, 2001
    Last Data Update: May 01, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1217 Seventh Avenue, Beaver Falls, PA 15010
    County: Beaver
    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: $171.1 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, 2000)

  • Dollar figures in thousands
  • 56Total employees (full-time equivalent)
  • $171,052Total assets
  • $6,805Cash and due from depository institutions
  • $147Interest-bearing balances
  • $21,916Securities
  • $625Federal funds sold & reverse repurchase agreements
  • $134,080Net loans & leases
  • $1,308Loan loss allowance
  • $0Trading account assets
  • $2,230Bank premises and fixed assets
  • $7Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,389All other assets
  • $171,052Total liabilities and capital
  • $158,643Total liabilities
  • $155,729Total deposits
  • $128,038Interest-bearing deposits
  • $155,729Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,325Other borrowed funds
  • $0Subordinated debt
  • $1,589All other liabilities
  • $12,409Total equity capital
  • $12,409Total bank equity capital
  • $12,409Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $10,235Undivided profits
  • Memoranda
  • $1,574Noncurrent loans and leases
  • $22,475Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $896Earning assets
  • $108Long-term assets (5+ years)
  • $574Average Assets, year-to-date
  • $156,768Average Assets, quarterly
  • $64,011Volatile liabilities
  • $167,822Insider loans
  • $173,667FHLB advances
  • $21,595Loans and leases held for sale
  • $1,639Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $340Total risk weighted assets
  • $22,475Total unused commitments
  • $0Restructured Loans and leases
  • $1,308Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $12,132Total interest income
  • $5,105Total interest expense
  • $7,027Net interest income
  • $204Provision for loan and lease losses
  • $1,212Total noninterest income
  • $0Fiduciary activities
  • $744Service charges on deposit accounts
  • $0Trading account gains & fees
  • $468Additional noninterest income
  • $5,086Total noninterest expense
  • $2,038Salaries and employee benefits
  • $713Premises and equipment expense
  • $2,335Additional noninterest expense
  • $2,949Pre-tax net operating income
  • $0Securities gains (losses)
  • $822Applicable income taxes
  • $2,127Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,127Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $1,238Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.93%Yield on earning assets
  • 3.34%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 18.33%Return on equity (ROE)
  • 7.66%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 268.42%Credit loss provision to net charge-offs
  • 41.49%Efficiency ratio
  • 61,731Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.20%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 145.98%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 86.10%Net loans and leases to core deposits
  • 98.98%Equity capital to assets
  • 7.25%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 10.26%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $167,822Average earning assets
  • $11,604Average equity
  • $152,898Average loans

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