FDIC Certificate #: 19104 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 18126 Date Established: May 16, 1964 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 25 (Interstate: No) OTS Docket #: 11520 FDIC's unique #: 12936 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: May 16, 1964 Last Structure Change Effective Date: October 26, 2002 Last Structure Change Process Date: January 30, 2003 Last Data Update: January 30, 2003 Data Source Date: April 05, 2012
Location
Address: 633 State Route 51, Pittsburgh, PA 15233 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: $1,015.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
250Total employees (full-time equivalent)
$1,022,518Total assets
$21,906Cash and due from depository institutions
$652Interest-bearing balances
$368,371Securities
$24,203Federal funds sold & reverse repurchase agreements
$557,898Net loans & leases
$7,992Loan loss allowance
$0Trading account assets
$4,458Bank premises and fixed assets
$417Other real estate owned
$12,676Goodwill and other intangibles
$0Life insurance assets
$32,589All other assets
$1,022,518Total liabilities and capital
$945,098Total liabilities
$780,393Total deposits
$660,061Interest-bearing deposits
$780,393Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$156,512Other borrowed funds
$0Subordinated debt
$8,193All other liabilities
$77,420Total equity capital
$77,420Total bank equity capital
$77,420Perpetual preferred stock
$0Common stock
$2,015Surplus
$47,571Undivided profits
Memoranda
$27,834Noncurrent loans and leases
$122,959Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,417Earning assets
$0Long-term assets (5+ years)
$6,133Average Assets, year-to-date
$951,124Average Assets, quarterly
$373,023Volatile liabilities
$980,381Insider loans
$1,040,309FHLB advances
$100,843Loans and leases held for sale
$1,174Unused loan commitments
$156,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$122,959Total unused commitments
$0Restructured Loans and leases
$7,455Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$66,995Total interest income
$40,660Total interest expense
$26,335Net interest income
$1,050Provision for loan and lease losses
$4,790Total noninterest income
$120Fiduciary activities
$2,014Service charges on deposit accounts
$0Trading account gains & fees
$2,656Additional noninterest income
$20,968Total noninterest expense
$10,166Salaries and employee benefits
$3,602Premises and equipment expense
$7,200Additional noninterest expense
$9,107Pre-tax net operating income
$297Securities gains (losses)
$1,945Applicable income taxes
$7,459Income before extraordinary items
$0Extraordinary gains - net
$7,459Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$389Sale, conversion, retirement of capital stock, net
$8,050Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.28%Yield on earning assets
4.42%Cost of funding earning assets
2.86%Net interest margin
0.52%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
0.74%Net operating income to assets
0.76%Return on assets (ROA)
0.96%Pretax return on assets
11.13%Return on equity (ROE)
-0.88%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
269.92%Credit loss provision to net charge-offs
26.11%Efficiency ratio
65,433Assets per employee
4.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
107.92%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
233.89%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.60%Net loans and leases to deposits
71.49%Net loans and leases to core deposits
81.37%Equity capital to assets
7.57%Core capital (leverage) ratio
6.36%Tier 1 risk-based capital ratio
11.02%Total risk-based capital ratio
Memoranda
$12Average assets
$980,381Average earning assets
$67,038Average equity
$920,493Average loans
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