FDIC Certificate #: 29923 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northwest Savings Bank (#28178) Federal Reserve ID: 739074 Date Established: January 01, 1924 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 4349 FDIC's unique #: 42757 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: December 15, 1941 Last Structure Change Effective Date: October 21, 1998 Last Structure Change Process Date: December 29, 1998 Last Data Update: December 29, 1998 Data Source Date: April 05, 2012
Location
Address: 150 North Center Street, Corry, PA 16407 County: Erie 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): Erie, PA (#2360) Core Based Statistical Area (CBSA): Erie, PA (#21500) CBSA Metro Statistical Area: Erie, PA (#21500)
Financial Summary
Total assets: $28.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
8Total employees (full-time equivalent)
$28,702Total assets
$1,145Cash and due from depository institutions
$969Interest-bearing balances
$6,244Securities
$0Federal funds sold & reverse repurchase agreements
$20,942Net loans & leases
$140Loan loss allowance
$0Trading account assets
$87Bank premises and fixed assets
$35Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$249All other assets
$28,702Total liabilities and capital
$25,697Total liabilities
$25,484Total deposits
$25,152Interest-bearing deposits
$25,484Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$213All other liabilities
$3,005Total equity capital
$3,005Total bank equity capital
$3,005Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$3,005Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$32Earning assets
$0Long-term assets (5+ years)
$145Average Assets, year-to-date
$28,155Average Assets, quarterly
$19,407Volatile liabilities
$28,680Insider loans
$28,761FHLB advances
$252Loans and leases held for sale
$175Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$717Total unused commitments
$0Restructured Loans and leases
$15,296Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,256Total interest income
$1,194Total interest expense
$1,062Net interest income
$0Provision for loan and lease losses
$16Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$829Total noninterest expense
$482Salaries and employee benefits
$67Premises and equipment expense
$280Additional noninterest expense
$249Pre-tax net operating income
$19Securities gains (losses)
$130Applicable income taxes
$138Income before extraordinary items
$0Extraordinary gains - net
$138Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
4.24%Cost of funding earning assets
3.77%Net interest margin
0.06%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.44%Net operating income to assets
0.48%Return on assets (ROA)
0.93%Pretax return on assets
4.65%Return on equity (ROE)
4.65%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
76,902Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
437.50%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.15%Net loans and leases to deposits
82.18%Net loans and leases to core deposits
83.00%Equity capital to assets
10.47%Core capital (leverage) ratio
10.37%Tier 1 risk-based capital ratio
19.52%Total risk-based capital ratio
Memoranda
$20Average assets
$28,680Average earning assets
$2,965Average equity
$28,156Average loans
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