First Western Bank, F.S.B. in city_name, state_name - Detailed Financial Reports, Location

First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)
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First Western Bank, F.S.B. - Overview

General
FDIC Certificate #: 29433
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Western Bank, National Association (#7930)
Federal Reserve ID: 176277
Date Established: January 01, 1887
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3442
FDIC's unique #: 42267
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: June 05, 1939
Last Structure Change Effective Date: September 08, 1997
Last Structure Change Process Date: September 22, 1997
Last Data Update: September 22, 1997
Data Source Date: April 05, 2012
Location
Address: 1 E State St, Sharon, PA 16146
County: Mercer
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): Sharon, PA (#7610)
Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
Financial Summary
Total assets: $571.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$109Total assets
$599,601Cash and due from depository institutions
$10,407Interest-bearing balances
$1,658Securities
$135,920Federal funds sold & reverse repurchase agreements
$12,775Net loans & leases
$418,869Loan loss allowance
$8,208Trading account assets
$0Bank premises and fixed assets
$5,029Other real estate owned
$101Goodwill and other intangibles
$10,169Life insurance assets
$6,331All other assets
$0Total liabilities and capital
$599,601Total liabilities
$558,118Total deposits
$368,883Interest-bearing deposits
$350,188Deposits held in domestic offices
368883.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$95,840Trading liabilities
$0Other borrowed funds
$87,000Subordinated debt
$0All other liabilities
$6,395Total equity capital
$6,395Total bank equity capital
$41,483Perpetual preferred stock
$0Common stock
$14Surplus
$27,937Undivided profits
Memoranda
$13,532Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,970Income earned, not collected on loans
$2,039Earning assets
$569,222Long-term assets (5+ years)
$0Average Assets, year-to-date
$595,624Average Assets, quarterly
$605,776Volatile liabilities
$217,561Insider loans
$776FHLB advances
$87,000Loans and leases held for sale
$0Unused loan commitments
$34,529Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$34,934Total risk weighted assets
$362,045Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$44,574Total interest expense
$25,662Net interest income
$18,912Provision for loan and lease losses
$5,673Total noninterest income
$1,096Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,096Total noninterest expense
$15,571Salaries and employee benefits
$2,720Premises and equipment expense
$2,276Additional noninterest expense
$10,575Pre-tax net operating income
-$1,236Securities gains (losses)
$2,177Applicable income taxes
$47Income before extraordinary items
$894Extraordinary gains - net
$0Net income attributable to bank
$894Net charge-offs
$3,558Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.88%Cost of funding earning assets
4.54%Net interest margin
3.35%Noninterest income to earning assets
0.19%Noninterest expense to earning assets
2.75%Net operating income to assets
-0.20%Return on assets (ROA)
0.15%Pretax return on assets
0.16%Return on equity (ROE)
2.17%Retained earnings to average equity (YTD only)
2.17%Net charge-offs to loans
0.88%Credit loss provision to net charge-offs
159.44%Efficiency ratio
74,020Assets per employee
5.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
322.49%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.46%Net loans and leases to deposits
113.55%Net loans and leases to core deposits
125.35%Equity capital to assets
6.92%Core capital (leverage) ratio
5.89%Tier 1 risk-based capital ratio
9.65%Total risk-based capital ratio
Memoranda
$11Average assets
$595,624Average earning assets
$41,214Average equity
$565,362Average loans

First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, F.S.B. - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, F.S.B. in Sharon, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches