Westinghouse Federal Bank, A Federal Savings Bank in city_name, state_name

Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)
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Westinghouse Federal Bank, A Federal Savings Bank - Overview

General
FDIC Certificate #: 30009
Status: Inactive
Closing history: Corrections
Acquiring institution: First Financial Bank (#28939)
Federal Reserve ID: 639978
Date Established: January 01, 1882
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4537
FDIC's unique #: 42843
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: June 14, 1939
Last Structure Change Effective Date: January 01, 1993
Last Structure Change Process Date: March 24, 1993
Last Data Update: Febuary 28, 1994
Data Source Date: April 05, 2012
Location
Address: 50 East Main Street, Galesburg, IL 61401
County: Knox
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $820.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$271Total assets
$820,337Cash and due from depository institutions
$42,409Interest-bearing balances
$36,731Securities
$404,602Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$336,797Loan loss allowance
$14,851Trading account assets
$0Bank premises and fixed assets
$10,595Other real estate owned
$7,090Goodwill and other intangibles
$13,298Life insurance assets
$5,546All other assets
$0Total liabilities and capital
$820,337Total liabilities
$766,348Total deposits
$695,761Interest-bearing deposits
$681,267Deposits held in domestic offices
695761.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$68,486Subordinated debt
$0All other liabilities
$2,101Total equity capital
$2,101Total bank equity capital
$53,989Perpetual preferred stock
$0Common stock
$0Surplus
$41,000Undivided profits
Memoranda
$12,989Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$20,587Income earned, not collected on loans
$1,934Earning assets
$778,130Long-term assets (5+ years)
$0Average Assets, year-to-date
$863,476Average Assets, quarterly
$830,543Volatile liabilities
$122,696Insider loans
$0FHLB advances
$61,200Loans and leases held for sale
$0Unused loan commitments
$10,904Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$47,960Total risk weighted assets
$323,750Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$66,389Total interest expense
$45,943Net interest income
$20,446Provision for loan and lease losses
$125Total noninterest income
$2,489Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$2,489Total noninterest expense
$16,180Salaries and employee benefits
$6,178Premises and equipment expense
$3,073Additional noninterest expense
$6,929Pre-tax net operating income
$6,630Securities gains (losses)
$1,793Applicable income taxes
$2,532Income before extraordinary items
$5,891Extraordinary gains - net
$0Net income attributable to bank
$5,891Net charge-offs
$13,897Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.13%Cost of funding earning assets
5.63%Net interest margin
2.50%Noninterest income to earning assets
0.30%Noninterest expense to earning assets
1.98%Net operating income to assets
0.54%Return on assets (ROA)
0.68%Pretax return on assets
0.98%Return on equity (ROE)
11.55%Retained earnings to average equity (YTD only)
11.55%Net charge-offs to loans
4.00%Credit loss provision to net charge-offs
0.90%Efficiency ratio
63,070Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.22%Loss allowance to noncurrent loans
72.14%Noncurrent assets plus other real estate owned to assets
3.37%Noncurrent loans to loans
5.85%Net loans and leases to deposits
48.41%Net loans and leases to core deposits
52.50%Equity capital to assets
6.58%Core capital (leverage) ratio
5.89%Tier 1 risk-based capital ratio
14.81%Total risk-based capital ratio
Memoranda
$16Average assets
$863,476Average earning assets
$50,982Average equity
$816,318Average loans

Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Westinghouse Federal Bank, A Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

Westinghouse Federal Bank, A Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Westinghouse Federal Bank, A Federal Savings Bank in Galesburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches