Southwest Bank in Greensburg, Pennsylvania (PA)
Table of contents:
| Southwest Bank | |
|---|---|
| General | FDIC Certificate #: 7979 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First Commonwealth Bank (#7468) Federal Reserve ID: 161022 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 15 (Interstate: No) OTS Docket #: 11034 FDIC's unique #: 5090 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 15, 2002 Last Structure Change Process Date: October 30, 2002 Last Data Update: October 30, 2002 Data Source Date: April 05, 2012 |
| Location | Address: 111 South Main Street, Greensburg, PA 15601 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) |
| Financial Summary | Total assets: $1,024.1 mil |
| Assets and Liabilities (December 31, 2001) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 207 |
| Total assets | $1,017,910 |
| Cash and due from depository institutions | $26,353 |
| Interest-bearing balances | $347 |
| Securities | $503,395 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $434,164 |
| Loan loss allowance | $7,379 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,449 |
| Other real estate owned | $2,448 |
| Goodwill and other intangibles | $443 |
| All other assets | $45,658 |
| Life insurance assets | $0 |
| Total liabilities and capital | $1,017,910 |
| Total liabilities | $928,904 |
| Total deposits | $626,198 |
| Interest-bearing deposits | $579,035 |
| Deposits held in domestic offices | $626,198 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $69,785 |
| Trading liabilities | $0 |
| Other borrowed funds | $225,000 |
| Subordinated debt | $0 |
| All other liabilities | $7,921 |
| Total equity capital | $89,006 |
| Total bank equity capital | $89,006 |
| Perpetual preferred stock | $89,006 |
| Common stock | $0 |
| Surplus | $5,698 |
| Undivided profits | $12,000 |
| Memoranda | |
| Noncurrent loans and leases | $71,308 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $137,580 |
| Income earned, not collected on loans | $0 |
| Earning assets | $12,809 |
| Long-term assets (5+ years) | $876 |
| Average Assets, year-to-date | $3,073 |
| Average Assets, quarterly | $937,906 |
| Volatile liabilities | $520,887 |
| Insider loans | $1,019,879 |
| FHLB advances | $1,035,816 |
| Loans and leases held for sale | $124,041 |
| Unused loan commitments | $3,664 |
| Tier 1 (core) risk-based capital | $210,000 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $137,580 |
| Restructured Loans and leases | $0 |
| Derivatives | $6,906 |
| Income and Expense (December 31, 2001) (Dollar figures in thousands) | |
| Total interest income | $66,951 |
| Total interest expense | $33,672 |
| Net interest income | $33,279 |
| Provision for loan and lease losses | $1,648 |
| Total noninterest income | $6,661 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,896 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,765 |
| Total noninterest expense | $22,694 |
| Salaries and employee benefits | $7,169 |
| Premises and equipment expense | $2,146 |
| Additional noninterest expense | $13,379 |
| Pre-tax net operating income | $15,598 |
| Securities gains (losses) | $705 |
| Applicable income taxes | $4,234 |
| Income before extraordinary items | $12,069 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $12,069 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $2,035 |
| Net operating income | $9,147 |
| Performance and Condition Ratios (December 31, 2001) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.08% |
| Cost of funding earning assets | 3.56% |
| Net interest margin | 3.52% |
| Noninterest income to earning assets | 0.70% |
| Noninterest expense to earning assets | 2.40% |
| Net operating income to assets | 1.13% |
| Return on assets (ROA) | 1.18% |
| Pretax return on assets | 1.60% |
| Return on equity (ROE) | 13.82% |
| Retained earnings to average equity (YTD only) | 3.35% |
| Net charge-offs to loans | 0.47% |
| Credit loss provision to net charge-offs | 80.98% |
| Efficiency ratio | 8.47% |
| Assets per employee | $56,753 |
| Cash dividends to net income (YTD only) | 4.92% |
| Condition Ratios (%) | |
| Loss allowance to loans | 75.79% |
| Loss allowance to noncurrent loans | 1.67% |
| Noncurrent assets plus other real estate owned to assets | 57.61% |
| Noncurrent loans to loans | 1.26% |
| Net loans and leases to deposits | 2.90% |
| Net loans and leases to core deposits | 69.33% |
| Equity capital to assets | 73.97% |
| Core capital (leverage) ratio | 8.74% |
| Tier 1 risk-based capital ratio | 8.51% |
| Total risk-based capital ratio | 15.87% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $1,019,879 |
| Average equity | $87,308 |
| Average loans | $945,383 |
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