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)
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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

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