Peoples Bank of Western Pennsylvania in New Castle, Pennsylvania (PA)
Table of contents:
| Peoples Bank of Western Pennsylvania | |
|---|---|
| General | FDIC Certificate #: 13994 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First Commonwealth Bank (#7468) Federal Reserve ID: 954729 Date Established: Febuary 26, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 11841 FDIC's unique #: 8752 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: March 03, 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: 27 East Washington Street, New Castle, PA 16101 County: Lawrence 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 Combined Statistical Area (CSA): Pittsburgh-New Castle, PA (#430) Core Based Statistical Area (CBSA): New Castle, PA (#35260) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $177.4 mil |
| Assets and Liabilities (December 31, 1994) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $84 |
| Cash and due from depository institutions | $168,748 |
| Interest-bearing balances | $5,177 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $86,518 |
| Net loans & leases | $0 |
| Loan loss allowance | $71,927 |
| Trading account assets | $1,296 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $2,723 |
| Goodwill and other intangibles | $0 |
| All other assets | $0 |
| Life insurance assets | $2,403 |
| Total liabilities and capital | $0 |
| Total liabilities | $168,748 |
| Total deposits | $153,250 |
| Interest-bearing deposits | $139,365 |
| Deposits held in domestic offices | $123,776 |
| % insured (estimated) | 139365.00% |
| Federal funds purchased & repurchase agreements | $88 |
| Trading liabilities | $12,568 |
| Other borrowed funds | $0 |
| Subordinated debt | $184 |
| All other liabilities | $0 |
| Total equity capital | $1,133 |
| Total bank equity capital | $1,133 |
| Perpetual preferred stock | $15,498 |
| Common stock | $0 |
| Surplus | $3,750 |
| Undivided profits | $3,750 |
| Memoranda | |
| Noncurrent loans and leases | $7,998 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $865 |
| Earning assets | $365 |
| Long-term assets (5+ years) | $158,445 |
| Average Assets, year-to-date | $63,008 |
| Average Assets, quarterly | $168,177 |
| Volatile liabilities | $169,234 |
| Insider loans | $18,111 |
| FHLB advances | $2,870 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $12,634 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $17,336 |
| Total unused commitments | $94,139 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1994) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $10,998 |
| Net interest income | $4,468 |
| Provision for loan and lease losses | $6,530 |
| Total noninterest income | $0 |
| Fiduciary activities | $848 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $594 |
| Additional noninterest income | $0 |
| Total noninterest expense | $254 |
| Salaries and employee benefits | $4,315 |
| Premises and equipment expense | $2,136 |
| Additional noninterest expense | $643 |
| Pre-tax net operating income | $1,536 |
| Securities gains (losses) | $3,063 |
| Applicable income taxes | -$8 |
| Income before extraordinary items | $902 |
| Extraordinary gains - net | $2,153 |
| Net income attributable to bank | $0 |
| Net charge-offs | $2,153 |
| Cash dividends | -$78 |
| Sale, conversion, retirement of capital stock, net | $1,292 |
| 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 | 6.88% |
| Net interest margin | 2.80% |
| Noninterest income to earning assets | 4.09% |
| Noninterest expense to earning assets | 0.53% |
| Net operating income to assets | 2.70% |
| Return on assets (ROA) | 1.28% |
| Pretax return on assets | 1.28% |
| Return on equity (ROE) | 1.82% |
| Retained earnings to average equity (YTD only) | 13.39% |
| Net charge-offs to loans | 5.35% |
| Credit loss provision to net charge-offs | -0.12% |
| Efficiency ratio | 0.00% |
| Assets per employee | $58,485 |
| Cash dividends to net income (YTD only) | 2.01% |
| Condition Ratios (%) | |
| Loss allowance to loans | 60.01% |
| Loss allowance to noncurrent loans | 1.77% |
| Noncurrent assets plus other real estate owned to assets | 149.83% |
| Noncurrent loans to loans | 0.51% |
| Net loans and leases to deposits | 1.18% |
| Net loans and leases to core deposits | 51.61% |
| Equity capital to assets | 53.75% |
| Core capital (leverage) ratio | 9.18% |
| Tier 1 risk-based capital ratio | 10.42% |
| Total risk-based capital ratio | 18.42% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $168,177 |
| Average equity | $16,079 |
| Average loans | $159,757 |
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