Iron And Glass Bank
Pittsburgh, PA — Domestic Branch of a Domestic Bank
Acquired Aug 2008
Vitals
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Total Assets305.3M 2.9 %
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Total Deposits254.3M 4.8 %
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Total Net Loans169.0M 1.5 %
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Net Income921000.0000 -46.3 %
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Book Value38.6M 4.9 %
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Book Value x277.2M 4.9 %
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Book Value x3115.7M 4.9 %
Balance Sheet Highlights
Financial Highlights | Iron And Glass Bank | All Insured Commercial Banks in Pennsylvania |
Balance Sheet $(000) | ||
Total Assets | 305,297 | 493,067 |
Total Net Loans | 169,012 | 337,514 |
Total Deposits | 254,294 | 365,147 |
Total Equity | 38,575 | 50,426 |
Profitability | ||
Net Income | 921 | 11,016 |
Return on Average Assets | .605 | .937 |
Return on Average Equity | 4.735 | 9.112 |
Net Interest Margin | 3.591 | 3.546 |
Efficiency Ratio | 73.276 | 73.786 |
Noninterest Income/Revenue | 6.658 | 14.467 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 66.463 | 87.968 |
Securities/Assets | .32 | .553 |
Total Equity/Total Assets | .126 | .102 |
Tangible Equity/Tangible Assets | .124 | -.602 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 37,581 | 41,470 |
Tier 2 Capital | 1,613 | 4,449 |
Total Capital | 39,194 | 46,606 |
Total Risk Weighted Assets | 217,909 | 364,231 |
Leverage Ratio | 12.28 | 10.084 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 17.25 | 14.468 |
Total Capital Ratio | 17.99 | 15.57 |
Timeline for Iron And Glass Bank
First National Bank Of Pennsylvania
Iron And Glass Bank was acquired by First National Bank Of Pennsylvania 15 years
View Profile Aug 16 2008Iron And Glass Bancorp, Inc.
Iron And Glass Bancorp, Inc. became a new parent organization for Iron And Glass Bank.
View Profile Oct 01 1987Rockwood Insurance Company
Rockwood Insurance Company became a new parent organization for Iron And Glass Bank.
View Profile Dec 31 1975Iron And Glass Bank
Iron And Glass Bank was established 153 years ago and is currently headquartered in Pittsburgh, PA.
Mar 01 1871Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First National Bank Of Pennsylvania | Buyer | 21,395,881 | Acquisition | Discontinued | 8/16/2008 |
Relationships | Role | Relationship Start | Relationship End |
Iron And Glass Bancorp, Inc. | Parent | 10/1/1987 | 8/15/2008 |
Rockwood Insurance Company | Parent | 12/31/1975 | 11/19/1976 |
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