Peoples Bank of Western Pennsylvania in New Castle, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1995

Peoples Bank of Western Pennsylvania in New Castle, Pennsylvania (PA)
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Peoples Bank of Western Pennsylvania - Overview

General
FDIC Certificate #: 13994
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Commonwealth Bank (#7468)
Federal Reserve ID: 954729
Date Established: Febuary 26, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 11841
FDIC's unique #: 8752
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: March 03, 1934
Last Structure Change Effective Date: November 13, 1995
Last Structure Change Process Date: Febuary 06, 1996
Last Data Update: Febuary 06, 1996
Data Source Date: April 05, 2012
Location
Address: 27 East Washington Street, New Castle, PA 16101
County: Lawrence
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): New Castle, PA (#35260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $177.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$84Total assets
$168,748Cash and due from depository institutions
$5,177Interest-bearing balances
$0Securities
$86,518Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$71,927Loan loss allowance
$1,296Trading account assets
$0Bank premises and fixed assets
$2,723Other real estate owned
$0Goodwill and other intangibles
$2,403Life insurance assets
$0All other assets
$0Total liabilities and capital
$168,748Total liabilities
$153,250Total deposits
$139,365Interest-bearing deposits
$123,776Deposits held in domestic offices
139365.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$12,568Trading liabilities
$0Other borrowed funds
$184Subordinated debt
$0All other liabilities
$1,133Total equity capital
$1,133Total bank equity capital
$15,498Perpetual preferred stock
$0Common stock
$3,750Surplus
$3,750Undivided profits
Memoranda
$7,998Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$865Income earned, not collected on loans
$365Earning assets
$158,445Long-term assets (5+ years)
$63,008Average Assets, year-to-date
$168,177Average Assets, quarterly
$169,234Volatile liabilities
$18,111Insider loans
$2,870FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,634Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,336Total risk weighted assets
$94,139Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$10,998Total interest expense
$4,468Net interest income
$6,530Provision for loan and lease losses
$0Total noninterest income
$848Fiduciary activities
$0Service charges on deposit accounts
$594Trading account gains & fees
$0Additional noninterest income
$254Total noninterest expense
$4,315Salaries and employee benefits
$2,136Premises and equipment expense
$643Additional noninterest expense
$1,536Pre-tax net operating income
$3,063Securities gains (losses)
-$8Applicable income taxes
$902Income before extraordinary items
$2,153Extraordinary gains - net
$0Net income attributable to bank
$2,153Net charge-offs
-$78Cash dividends
$1,292Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.88%Cost of funding earning assets
2.80%Net interest margin
4.09%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
2.70%Net operating income to assets
1.28%Return on assets (ROA)
1.28%Pretax return on assets
1.82%Return on equity (ROE)
13.39%Retained earnings to average equity (YTD only)
5.35%Net charge-offs to loans
-0.12%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,485Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.01%Loss allowance to loans
1.77%Loss allowance to noncurrent loans
149.83%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
1.18%Net loans and leases to deposits
51.61%Net loans and leases to core deposits
53.75%Equity capital to assets
9.18%Core capital (leverage) ratio
10.42%Tier 1 risk-based capital ratio
18.42%Total risk-based capital ratio
Memoranda
$20Average assets
$168,177Average earning assets
$16,079Average equity
$159,757Average loans

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