Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1993

  • Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)
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Westinghouse Federal Bank, A Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30009
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Financial Bank (#28939)
    Federal Reserve ID: 639978
    Date Established: January 01, 1882
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4537
    FDIC's unique #: 42843
    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 14, 1939
    Last Structure Change Effective Date: January 01, 1993
    Last Structure Change Process Date: March 24, 1993
    Last Data Update: Febuary 28, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 East Main Street, Galesburg, IL 61401
    County: Knox
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $820.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $271Total assets
  • $820,337Cash and due from depository institutions
  • $42,409Interest-bearing balances
  • $36,731Securities
  • $404,602Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $336,797Loan loss allowance
  • $14,851Trading account assets
  • $0Bank premises and fixed assets
  • $10,595Other real estate owned
  • $7,090Goodwill and other intangibles
  • $13,298Life insurance assets
  • $5,546All other assets
  • $0Total liabilities and capital
  • $820,337Total liabilities
  • $766,348Total deposits
  • $695,761Interest-bearing deposits
  • $681,267Deposits held in domestic offices
  • 695761.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $68,486Subordinated debt
  • $0All other liabilities
  • $2,101Total equity capital
  • $2,101Total bank equity capital
  • $53,989Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $41,000Undivided profits
  • Memoranda
  • $12,989Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,587Income earned, not collected on loans
  • $1,934Earning assets
  • $778,130Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $863,476Average Assets, quarterly
  • $830,543Volatile liabilities
  • $122,696Insider loans
  • $0FHLB advances
  • $61,200Loans and leases held for sale
  • $0Unused loan commitments
  • $10,904Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $47,960Total risk weighted assets
  • $323,750Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $66,389Total interest expense
  • $45,943Net interest income
  • $20,446Provision for loan and lease losses
  • $125Total noninterest income
  • $2,489Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,489Total noninterest expense
  • $16,180Salaries and employee benefits
  • $6,178Premises and equipment expense
  • $3,073Additional noninterest expense
  • $6,929Pre-tax net operating income
  • $6,630Securities gains (losses)
  • $1,793Applicable income taxes
  • $2,532Income before extraordinary items
  • $5,891Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,891Net charge-offs
  • $13,897Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.13%Cost of funding earning assets
  • 5.63%Net interest margin
  • 2.50%Noninterest income to earning assets
  • 0.30%Noninterest expense to earning assets
  • 1.98%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 0.98%Return on equity (ROE)
  • 11.55%Retained earnings to average equity (YTD only)
  • 11.55%Net charge-offs to loans
  • 4.00%Credit loss provision to net charge-offs
  • 0.90%Efficiency ratio
  • 63,070Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.22%Loss allowance to noncurrent loans
  • 72.14%Noncurrent assets plus other real estate owned to assets
  • 3.37%Noncurrent loans to loans
  • 5.85%Net loans and leases to deposits
  • 48.41%Net loans and leases to core deposits
  • 52.50%Equity capital to assets
  • 6.58%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 14.81%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $863,476Average earning assets
  • $50,982Average equity
  • $816,318Average loans

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