Cenwest National Bank in Johnstown, Pennsylvania (PA)
Table of contents:
| Cenwest National Bank | |
|---|---|
| General | FDIC Certificate #: 7455 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First Commonwealth Bank (#7468) Federal Reserve ID: 347518 Date Established: January 01, 1921 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 12 (Interstate: No) OTS Docket #: 10220 FDIC's unique #: 4846 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 13, 1995 Last Structure Change Process Date: Febuary 06, 1996 Last Data Update: Febuary 06, 1996 Data Source Date: April 05, 2012 |
| Location | Address: 217 Franklin Street, Johnstown, PA 15901 County: Cambria 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): Johnstown, PA (#3680) Core Based Statistical Area (CBSA): Johnstown, PA (#27780) CBSA Metro Statistical Area: Johnstown, PA (#27780) |
| Financial Summary | Total assets: $393.5 mil |
| Assets and Liabilities (December 31, 1994) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $148 |
| Cash and due from depository institutions | $377,795 |
| Interest-bearing balances | $10,885 |
| Securities | $1 |
| Federal funds sold & reverse repurchase agreements | $136,878 |
| Net loans & leases | $0 |
| Loan loss allowance | $221,195 |
| Trading account assets | $2,937 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $3,960 |
| Goodwill and other intangibles | $354 |
| All other assets | $0 |
| Life insurance assets | $4,523 |
| Total liabilities and capital | $0 |
| Total liabilities | $377,795 |
| Total deposits | $347,681 |
| Interest-bearing deposits | $338,066 |
| Deposits held in domestic offices | $304,830 |
| % insured (estimated) | 338066.00% |
| Federal funds purchased & repurchase agreements | $88 |
| Trading liabilities | $2,028 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,707 |
| All other liabilities | $0 |
| Total equity capital | $2,880 |
| Total bank equity capital | $2,880 |
| Perpetual preferred stock | $30,114 |
| Common stock | $0 |
| Surplus | $2,350 |
| Undivided profits | $4,240 |
| Memoranda | |
| Noncurrent loans and leases | $23,524 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,634 |
| Earning assets | $842 |
| Long-term assets (5+ years) | $358,074 |
| Average Assets, year-to-date | $127,578 |
| Average Assets, quarterly | $370,549 |
| Volatile liabilities | $376,568 |
| Insider loans | $15,945 |
| FHLB advances | $2,885 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $30,706 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $32,693 |
| Total unused commitments | $223,620 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1994) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $25,816 |
| Net interest income | $10,678 |
| Provision for loan and lease losses | $15,138 |
| Total noninterest income | $623 |
| Fiduciary activities | $1,260 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $661 |
| Additional noninterest income | $0 |
| Total noninterest expense | $599 |
| Salaries and employee benefits | $8,543 |
| Premises and equipment expense | $4,154 |
| Additional noninterest expense | $901 |
| Pre-tax net operating income | $3,488 |
| Securities gains (losses) | $7,232 |
| Applicable income taxes | $47 |
| Income before extraordinary items | $2,412 |
| Extraordinary gains - net | $4,867 |
| Net income attributable to bank | $0 |
| Net charge-offs | $4,867 |
| Cash dividends | $343 |
| Sale, conversion, retirement of capital stock, net | $2,920 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1994) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 7.31% |
| Net interest margin | 3.02% |
| Noninterest income to earning assets | 4.29% |
| Noninterest expense to earning assets | 0.36% |
| Net operating income to assets | 2.42% |
| Return on assets (ROA) | 1.30% |
| Pretax return on assets | 1.31% |
| Return on equity (ROE) | 1.96% |
| Retained earnings to average equity (YTD only) | 15.97% |
| Net charge-offs to loans | 6.39% |
| Credit loss provision to net charge-offs | 0.16% |
| Efficiency ratio | 181.63% |
| Assets per employee | $52,098 |
| Cash dividends to net income (YTD only) | 2.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 60.00% |
| Loss allowance to noncurrent loans | 1.31% |
| Noncurrent assets plus other real estate owned to assets | 179.74% |
| Noncurrent loans to loans | 0.53% |
| Net loans and leases to deposits | 0.73% |
| Net loans and leases to core deposits | 65.43% |
| Equity capital to assets | 67.88% |
| Core capital (leverage) ratio | 7.97% |
| Tier 1 risk-based capital ratio | 8.66% |
| Total risk-based capital ratio | 14.62% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $370,549 |
| Average equity | $30,481 |
| Average loans | $353,056 |
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