FDIC Certificate #: 6038 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:S&T Bank (#11124) Federal Reserve ID: 377823 Date Established: January 01, 1914 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 9720 FDIC's unique #: 4079 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: January 01, 1934 Last Structure Change Effective Date: September 07, 2002 Last Structure Change Process Date: October 30, 2002 Last Data Update: October 30, 2002 Data Source Date: April 05, 2012
Location
Address: Ford Street And Fourth Avenue, Ford City, PA 16226 County: Armstrong 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): Pittsburgh, PA (#38300) CBSA Metro Statistical Area: Pittsburgh, PA (#38300)
Financial Summary
Total assets: $341.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
97Total employees (full-time equivalent)
$319,769Total assets
$14,110Cash and due from depository institutions
$9,230Interest-bearing balances
$65,514Securities
$5,000Federal funds sold & reverse repurchase agreements
$227,907Net loans & leases
$1,386Loan loss allowance
$0Trading account assets
$2,702Bank premises and fixed assets
$21Other real estate owned
$515Goodwill and other intangibles
$0Life insurance assets
$4,000All other assets
$319,769Total liabilities and capital
$281,609Total liabilities
$273,188Total deposits
$241,702Interest-bearing deposits
$273,188Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$8,421All other liabilities
$38,160Total equity capital
$38,160Total bank equity capital
$38,160Perpetual preferred stock
$0Common stock
$390Surplus
$10,310Undivided profits
Memoranda
$27,460Noncurrent loans and leases
$13,110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$339Earning assets
$0Long-term assets (5+ years)
$1,563Average Assets, year-to-date
$307,651Average Assets, quarterly
$188,566Volatile liabilities
$315,271Insider loans
$322,097FHLB advances
$49,493Loans and leases held for sale
$1,086Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,110Total unused commitments
$0Restructured Loans and leases
$9,383Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$22,054Total interest income
$11,365Total interest expense
$10,689Net interest income
$60Provision for loan and lease losses
$725Total noninterest income
$0Fiduciary activities
$499Service charges on deposit accounts
$0Trading account gains & fees
$226Additional noninterest income
$6,263Total noninterest expense
$2,933Salaries and employee benefits
$984Premises and equipment expense
$2,346Additional noninterest expense
$5,091Pre-tax net operating income
$2,178Securities gains (losses)
$2,156Applicable income taxes
$5,113Income before extraordinary items
$0Extraordinary gains - net
$5,113Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$86Sale, conversion, retirement of capital stock, net
$3,584Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
3.74%Cost of funding earning assets
3.52%Net interest margin
0.24%Noninterest income to earning assets
2.06%Noninterest expense to earning assets
1.14%Net operating income to assets
1.62%Return on assets (ROA)
2.31%Pretax return on assets
13.48%Return on equity (ROE)
4.03%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
69.77%Credit loss provision to net charge-offs
59.90%Efficiency ratio
54,775Assets per employee
3.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.10%Loss allowance to loans
0.60%Loss allowance to noncurrent loans
408.85%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.15%Net loans and leases to deposits
83.42%Net loans and leases to core deposits
101.88%Equity capital to assets
11.93%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
14.42%Total risk-based capital ratio
Memoranda
$20Average assets
$315,271Average earning assets
$37,939Average equity
$303,549Average loans
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