Washington Financial Bank in Washington, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Washington Financial Bank - Overview

  • General
  • FDIC Certificate #: 29520
    Status: Active
    Federal Reserve ID: 282075
    Date Established: January 01, 1899
    WWW: http://www.mywashingtonfinancial.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 3586
    FDIC's unique #: 42354
    Numeric code: 42
    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: Commercial Lending Specialization
    Date of Deposit Insurance: May 26, 1939
    Last Structure Change Effective Date: December 28, 2009
    Last Structure Change Process Date: January 04, 2010
    Last Data Update: January 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 77 South Main Street, Washington, PA 15301
    County: Washington
    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
  • Corrections
    Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $844.7 mil
    Equity capital: $94.4 mil
    Deposits held in domestic offices: $736.8 mil
    Return on assets (ROA): 0.65% ($5.5 mil)
    Quarterly return on assets: 0.69% ($5.8 mil)
    Return on Equity (ROE): 5.78% ($5.4 mil)
    Quarterly return on equity: 6.12% ($5.8 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 0.94% ($7,940.0 mil)
    Quarterly Pretax return on assets: 1.01% ($8,531.3 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
  • 166Total employees (full-time equivalent)
  • $844,679Total assets
  • $57,845Cash and due from depository institutions
  • $46,023Interest-bearing balances
  • $179,803Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $563,010Net loans & leases
  • $6,708Loan loss allowance
  • $0Trading account assets
  • $12,511Bank premises and fixed assets
  • $1,425Other real estate owned
  • $360Goodwill and other intangibles
  • $844,679Life insurance assets
  • $29,725All other assets
  • $750,321Total liabilities and capital
  • $736,831Total liabilities
  • $634,107Total deposits
  • $736,831Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,482Trading liabilities
  • $0Other borrowed funds
  • $2,008Subordinated debt
  • $94,358All other liabilities
  • $94,358Total equity capital
  • $94,358Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $99Surplus
  • $94,258Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,883Income earned, not collected on loans
  • $0Earning assets
  • $2,121Long-term assets (5+ years)
  • $788,836Average Assets, year-to-date
  • $427,747Average Assets, quarterly
  • $827,109Volatile liabilities
  • $835,216Insider loans
  • $546,234FHLB advances
  • $843,358Loans and leases held for sale
  • $14,631Unused loan commitments
  • $14,631Tier 1 (core) risk-based capital
  • $93,023Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $93,537Restructured Loans and leases
  • $1,248Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,673Total interest income
  • $6,785Total interest expense
  • $24,888Net interest income
  • $1,350Provision for loan and lease losses
  • $4,589Total noninterest income
  • $0Fiduciary activities
  • $1,749Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,840Additional noninterest income
  • $20,345Total noninterest expense
  • $10,296Salaries and employee benefits
  • $2,684Premises and equipment expense
  • $7,365Additional noninterest expense
  • $7,782Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,439Applicable income taxes
  • $5,343Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,343Net income attributable to bank
  • $0Net charge-offs
  • $5,343Cash dividends
  • $654Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.11%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 5.78%Return on equity (ROE)
  • 5.78%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 206.42%Credit loss provision to net charge-offs
  • 13.96%Efficiency ratio
  • 69,020Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 232.67%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 76.41%Net loans and leases to core deposits
  • 82.47%Equity capital to assets
  • 11.17%Core capital (leverage) ratio
  • 11.03%Tier 1 risk-based capital ratio
  • 17.03%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $827,109Average earning assets
  • $92,485Average equity
  • $771,023Average loans

List of branches

  • 8 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042354Washington Financial Bank77 South Main Street, Washington, PA 15301January 01, 1899Full Service Brick and Mortar
    2275328East Pike Street Branch160 East Pike Street, Canonsburg, PA 15317January 01, 1899Full Service Brick and Mortar
    3275329Washington Road Branch3616 Washington Road, Mcmurray, PA 15317January 01, 1899Full Service Brick and Mortar
    100275330Franklin Mall Branch1500 W. Chestnut Street, Washington, PA 15301January 01, 1899Full Service Brick and Mortar
    101275331Tylerdale Branch98 E. Wylie Avenue, Washington, PA 15301June 30, 1985Full Service Brick and Mortar
    102275332Hickory Branch220 Main Street, Hickory, PA 15340July 15, 1991Full Service Brick and Mortar
    103356620Valley Brook Rd Branch430 Valley Brook Road, Mc Murray, PA 15317March 29, 1999Full Service Brick and Mortar
    104359820Murtland Avenue Branch255 Murtland Avenue, Washington, PA 15301April 17, 2001Full Service Brick and Mortar

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