United Federal Savings Bank in State College, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 1994

  • United Federal Savings Bank in State College, Pennsylvania (PA)
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United Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30421
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#7944)
    Federal Reserve ID: 275170
    Date Established: June 30, 1949
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5312
    FDIC's unique #: 43255
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 30, 1949
    Last Structure Change Effective Date: January 21, 1994
    Last Structure Change Process Date: Febuary 10, 1994
    Last Data Update: Febuary 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 East College Avenue, State College, PA 16801
    County: Centre
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): State College, PA (#8050)
    Core Based Statistical Area (CBSA): State College, PA (#44300)
    CBSA Metro Statistical Area: State College, PA (#44300)
  • Financial Summary
  • Total assets: $894.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $259Total assets
  • $894,880Cash and due from depository institutions
  • $26,352Interest-bearing balances
  • $6,644Securities
  • $378,468Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $437,695Loan loss allowance
  • $5,744Trading account assets
  • $0Bank premises and fixed assets
  • $6,229Other real estate owned
  • $0Goodwill and other intangibles
  • $44,643Life insurance assets
  • $1,493All other assets
  • $0Total liabilities and capital
  • $894,880Total liabilities
  • $825,727Total deposits
  • $571,904Interest-bearing deposits
  • $558,511Deposits held in domestic offices
  • 571904.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $232,833Subordinated debt
  • $0All other liabilities
  • $20,990Total equity capital
  • $20,990Total bank equity capital
  • $69,153Perpetual preferred stock
  • $0Common stock
  • $55Surplus
  • $17,087Undivided profits
  • Memoranda
  • $52,011Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,899Income earned, not collected on loans
  • $1,985Earning assets
  • $822,807Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $903,743Average Assets, quarterly
  • $928,038Volatile liabilities
  • $299,961Insider loans
  • $744FHLB advances
  • $206,695Loans and leases held for sale
  • $0Unused loan commitments
  • $63,342Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $67,660Total risk weighted assets
  • $512,471Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $60,515Total interest expense
  • $35,828Net interest income
  • $24,687Provision for loan and lease losses
  • $1,314Total noninterest income
  • $5,177Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,177Total noninterest expense
  • $24,355Salaries and employee benefits
  • $11,970Premises and equipment expense
  • $3,533Additional noninterest expense
  • $8,852Pre-tax net operating income
  • $4,195Securities gains (losses)
  • $15Applicable income taxes
  • $12,340Income before extraordinary items
  • -$8,130Extraordinary gains - net
  • $1,380Net income attributable to bank
  • -$6,750Net charge-offs
  • $250Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $185Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.25%Cost of funding earning assets
  • 4.30%Net interest margin
  • 2.96%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 2.92%Net operating income to assets
  • -0.90%Return on assets (ROA)
  • -0.75%Pretax return on assets
  • 0.62%Return on equity (ROE)
  • -8.84%Retained earnings to average equity (YTD only)
  • -8.84%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 525.60%Efficiency ratio
  • 80,830Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 198.14%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 76.53%Net loans and leases to core deposits
  • 86.71%Equity capital to assets
  • 7.73%Core capital (leverage) ratio
  • 7.61%Tier 1 risk-based capital ratio
  • 13.20%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $903,743Average earning assets
  • $76,375Average equity
  • $834,170Average loans

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