Irwin Bank in Irwin, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 07, 2008

  • Irwin Bank in Irwin, Pennsylvania (PA)
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Irwin Bank - Overview

  • General
  • FDIC Certificate #: 8423
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: S&T Bank (#11124)
    Federal Reserve ID: 938523
    Date Established: January 01, 1922
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 10952
    FDIC's unique #: 5362
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 07, 2008
    Last Structure Change Process Date: June 19, 2008
    Last Data Update: June 19, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 309 Main Street, Irwin, PA 15642
    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: $823.9 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 204Total employees (full-time equivalent)
  • $786,774Total assets
  • $25,304Cash and due from depository institutions
  • $465Interest-bearing balances
  • $251,333Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $477,319Net loans & leases
  • $5,382Loan loss allowance
  • $0Trading account assets
  • $5,297Bank premises and fixed assets
  • $306Other real estate owned
  • $0Goodwill and other intangibles
  • $13,645Life insurance assets
  • $27,215All other assets
  • $786,774Total liabilities and capital
  • $721,308Total liabilities
  • $610,894Total deposits
  • $526,649Interest-bearing deposits
  • $610,894Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $44,944Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $57,631Other borrowed funds
  • $0Subordinated debt
  • $7,839All other liabilities
  • $65,466Total equity capital
  • $65,466Total bank equity capital
  • $65,466Perpetual preferred stock
  • $0Common stock
  • $1,200Surplus
  • $2,400Undivided profits
  • Memoranda
  • $61,866Noncurrent loans and leases
  • $119,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,251Earning assets
  • $0Long-term assets (5+ years)
  • $4,692Average Assets, year-to-date
  • $729,117Average Assets, quarterly
  • $555,175Volatile liabilities
  • $759,547Insider loans
  • $780,078FHLB advances
  • $150,334Loans and leases held for sale
  • $16,263Unused loan commitments
  • $57,631Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,198Total risk weighted assets
  • $119,401Total unused commitments
  • $0Restructured Loans and leases
  • $5,382Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $44,702Total interest income
  • $22,161Total interest expense
  • $22,541Net interest income
  • $900Provision for loan and lease losses
  • $6,550Total noninterest income
  • $550Fiduciary activities
  • $3,901Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,099Additional noninterest income
  • $17,546Total noninterest expense
  • $8,896Salaries and employee benefits
  • $2,065Premises and equipment expense
  • $6,585Additional noninterest expense
  • $10,645Pre-tax net operating income
  • -$37Securities gains (losses)
  • $2,313Applicable income taxes
  • $8,295Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,295Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $287Sale, conversion, retirement of capital stock, net
  • $6,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.33%Yield on earning assets
  • 3.14%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 13.38%Return on equity (ROE)
  • 3.70%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 313.59%Credit loss provision to net charge-offs
  • 40.23%Efficiency ratio
  • 60,314Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.33%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 102.49%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 78.13%Net loans and leases to core deposits
  • 93.49%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.25%Tier 1 risk-based capital ratio
  • 13.61%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $759,547Average earning assets
  • $61,995Average equity
  • $706,473Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $173,750Managed Assets
  • 1Number of Accounts
  • $74,760Personal trust and agency accounts
  • $42,628Employee benefit-defined contribution accounts
  • $3,690Employee benefit-defined benefit accounts
  • $4,864Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $23,578Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 200Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $98,990Other retirement accounts
  • $759Corporate trust and agency accounts
  • $9,319Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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