$14.7M
total assets, June 30, 1987
New World National Bank was a national bank in Pittsburgh, PA. It failed on Oct 22, 1987, and Lincoln National Bank took over its deposits. At its last report it held $14.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Oct 22, 1987
- Assets
- $14.7M
- Deposits
- $14.8M
- Estimated cost
- $2.1M
- Deposits went to
- Lincoln National Bank, Pittsburgh, PA
Total assets
$14.7M
-19.9% in a year · +4.6% in a quarter
Deposits
$14.8M
-14.4% in a year · +4.7% in a quarter
Loans
$7.8M
-17.3% in a year · -6.9% in a quarter
Profit so far
-$64K
Jan 1 to Jun 30, 1987
Capital ratio
-1.61%
-5.50 pts in a year
Return on assets
-0.82%
+1.07 pts in a year
Facts
- Type
- National bank
- Head office
- 401 Smithfield Street, Pittsburgh, PA, 15222
- County
- Allegheny
- Established
- Mar 17, 1975
- Failed
- Oct 22, 1987
- Employees
- 13
- Id
- b21951
Quarter by quarter
March 31, 1984 to June 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is New World National Bank?
$14.7 million in total assets and $14.8 million in deposits as of June 30, 1987, with assets down 19.9% from a year before. Its loans were $7.80 million.
Is New World National Bank profitable?
No: it lost $64,000 from January 1 to June 30, 1987. Its return on assets was -0.82% a year; about 1% is typical.
When did New World National Bank fail?
Oct 22, 1987. Lincoln National Bank of Pittsburgh, PA took over its deposits. The estimated cost of the failure was $2.11 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.