FDIC Certificate #: 30564 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Laurel Savings Bank (#27956) Federal Reserve ID: 531773 Date Established: January 01, 1891 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5559 FDIC's unique #: 43398 Numeric code: 33 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: December 31, 1956 Last Structure Change Effective Date: March 28, 2003 Last Structure Change Process Date: April 30, 2003 Last Data Update: April 30, 2003 Data Source Date: April 05, 2012
Location
Address: 900 Saxonburg Blvd, Pittsburgh, PA 15223 County: Allegheny 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: $52.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
17Total employees (full-time equivalent)
$51,959Total assets
$8,954Cash and due from depository institutions
$8,343Interest-bearing balances
$17,828Securities
$0Federal funds sold & reverse repurchase agreements
$22,612Net loans & leases
$207Loan loss allowance
$0Trading account assets
$1,549Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,016All other assets
$51,959Total liabilities and capital
$44,937Total liabilities
$41,332Total deposits
$37,610Interest-bearing deposits
$41,332Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$605All other liabilities
$7,022Total equity capital
$7,022Total bank equity capital
$7,022Perpetual preferred stock
$0Common stock
$10Surplus
$3,407Undivided profits
Memoranda
$3,605Noncurrent loans and leases
$2,166Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$456Earning assets
$0Long-term assets (5+ years)
$203Average Assets, year-to-date
$48,783Average Assets, quarterly
$0Volatile liabilities
$53,685Insider loans
$52,468FHLB advances
$7,393Loans and leases held for sale
$667Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,166Total unused commitments
$0Restructured Loans and leases
$303Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,984Total interest income
$1,246Total interest expense
$1,738Net interest income
$26Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$1,661Total noninterest expense
$1,106Salaries and employee benefits
$287Premises and equipment expense
$268Additional noninterest expense
$245Pre-tax net operating income
-$2Securities gains (losses)
$65Applicable income taxes
$178Income before extraordinary items
$0Extraordinary gains - net
$178Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$670Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
2.47%Cost of funding earning assets
3.44%Net interest margin
0.38%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
0.33%Net operating income to assets
0.33%Return on assets (ROA)
0.45%Pretax return on assets
2.48%Return on equity (ROE)
-6.85%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1300.00%Credit loss provision to net charge-offs
135.50%Efficiency ratio
85,973Assets per employee
3.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
376.40%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
45.39%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
2.00%Net loans and leases to deposits
54.71%Net loans and leases to core deposits
61.21%Equity capital to assets
13.51%Core capital (leverage) ratio
13.26%Tier 1 risk-based capital ratio
28.70%Total risk-based capital ratio
Memoranda
$30Average assets
$53,685Average earning assets
$7,184Average equity
$50,542Average loans
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