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

This bank is inactive as of October 15, 2002

  • Southwest Bank in Greensburg, Pennsylvania (PA)
  • Show street view No street view available for this location

Southwest Bank - Overview

  • General
  • FDIC Certificate #: 7979
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Commonwealth Bank (#7468)
    Federal Reserve ID: 161022
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Interstate: No)
    OTS Docket #: 11034
    FDIC's unique #: 5090
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 2002
    Last Structure Change Process Date: October 30, 2002
    Last Data Update: October 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 South Main Street, Greensburg, PA 15601
    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: $1,024.1 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
  • 207Total employees (full-time equivalent)
  • $1,017,910Total assets
  • $26,353Cash and due from depository institutions
  • $347Interest-bearing balances
  • $503,395Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $434,164Net loans & leases
  • $7,379Loan loss allowance
  • $0Trading account assets
  • $5,449Bank premises and fixed assets
  • $2,448Other real estate owned
  • $443Goodwill and other intangibles
  • $0Life insurance assets
  • $45,658All other assets
  • $1,017,910Total liabilities and capital
  • $928,904Total liabilities
  • $626,198Total deposits
  • $579,035Interest-bearing deposits
  • $626,198Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $69,785Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $225,000Other borrowed funds
  • $0Subordinated debt
  • $7,921All other liabilities
  • $89,006Total equity capital
  • $89,006Total bank equity capital
  • $89,006Perpetual preferred stock
  • $0Common stock
  • $5,698Surplus
  • $12,000Undivided profits
  • Memoranda
  • $71,308Noncurrent loans and leases
  • $137,580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,809Earning assets
  • $876Long-term assets (5+ years)
  • $3,073Average Assets, year-to-date
  • $937,906Average Assets, quarterly
  • $520,887Volatile liabilities
  • $1,019,879Insider loans
  • $1,035,816FHLB advances
  • $124,041Loans and leases held for sale
  • $3,664Unused loan commitments
  • $210,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $137,580Total unused commitments
  • $0Restructured Loans and leases
  • $6,906Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $66,951Total interest income
  • $33,672Total interest expense
  • $33,279Net interest income
  • $1,648Provision for loan and lease losses
  • $6,661Total noninterest income
  • $0Fiduciary activities
  • $2,896Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,765Additional noninterest income
  • $22,694Total noninterest expense
  • $7,169Salaries and employee benefits
  • $2,146Premises and equipment expense
  • $13,379Additional noninterest expense
  • $15,598Pre-tax net operating income
  • $705Securities gains (losses)
  • $4,234Applicable income taxes
  • $12,069Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,069Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,035Sale, conversion, retirement of capital stock, net
  • $9,147Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.08%Yield on earning assets
  • 3.56%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 13.82%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 80.98%Credit loss provision to net charge-offs
  • 8.47%Efficiency ratio
  • 56,753Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.79%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 57.61%Noncurrent assets plus other real estate owned to assets
  • 1.26%Noncurrent loans to loans
  • 2.90%Net loans and leases to deposits
  • 69.33%Net loans and leases to core deposits
  • 73.97%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 15.87%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,019,879Average earning assets
  • $87,308Average equity
  • $945,383Average loans

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