Westmoreland Federal Savings and Loan Association in Latrobe, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Westmoreland Federal Savings and Loan Association in Latrobe, Pennsylvania (PA)
  • Show street view No street view available for this location

Westmoreland Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30551
    Status: Active
    Federal Reserve ID: 188177
    Date Established: March 12, 1952
    WWW: http://www.westfedsav.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 5537
    FDIC's unique #: 43385
    Numeric code: 38
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: March 12, 1952
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 322 Main Street, Latrobe, PA 15650
    County: Westmoreland
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $174.3 mil
    Equity capital: $38.3 mil
    Deposits held in domestic offices: $135.8 mil
    Return on assets (ROA): 0.64% ($1.1 mil)
    Quarterly return on assets: 0.55% ($1.0 mil)
    Return on Equity (ROE): 2.89% ($1.1 mil)
    Quarterly return on equity: 2.46% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.03% ($1,794.8 mil)
    Quarterly Pretax return on assets: 0.87% ($1,516.0 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
  • 19Total employees (full-time equivalent)
  • $174,254Total assets
  • $58,822Cash and due from depository institutions
  • $58,325Interest-bearing balances
  • $27,032Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,740Net loans & leases
  • $413Loan loss allowance
  • $0Trading account assets
  • $129Bank premises and fixed assets
  • $82Other real estate owned
  • $0Goodwill and other intangibles
  • $174,254Life insurance assets
  • $1,449All other assets
  • $135,906Total liabilities and capital
  • $135,803Total liabilities
  • $135,168Total deposits
  • $135,803Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $103Subordinated debt
  • $38,348All other liabilities
  • $38,348Total equity capital
  • $38,348Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $38,348Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,365Income earned, not collected on loans
  • $0Earning assets
  • $404Long-term assets (5+ years)
  • $172,097Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $170,775Volatile liabilities
  • $172,404Insider loans
  • $58,767FHLB advances
  • $174,278Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $38,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,443Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,485Total interest income
  • $1,655Total interest expense
  • $3,830Net interest income
  • $0Provision for loan and lease losses
  • $12Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $2,078Total noninterest expense
  • $1,290Salaries and employee benefits
  • $233Premises and equipment expense
  • $555Additional noninterest expense
  • $1,764Pre-tax net operating income
  • $0Securities gains (losses)
  • $671Applicable income taxes
  • $1,093Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,093Net income attributable to bank
  • $0Net charge-offs
  • $1,093Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.53%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 2.47%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 1.34%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 2.89%Return on equity (ROE)
  • 2.89%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,086Assets per employee
  • 9.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 30.26%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 63.87%Net loans and leases to core deposits
  • 63.87%Equity capital to assets
  • 22.01%Core capital (leverage) ratio
  • 22.02%Tier 1 risk-based capital ratio
  • 65.30%Total risk-based capital ratio
  • Memoranda
  • $66Average assets
  • $170,775Average earning assets
  • $37,835Average equity
  • $155,296Average loans

List of branches

  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043385Westmoreland Federal Savings And Loa322 Main Street, Latrobe, PA 15650March 12, 1952Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Westmoreland Federal Savings and Loan Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents