FDIC Certificate #: 57492 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Customers Bank (#34444) Federal Reserve ID: 3115277 Date Established: September 23, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 364280 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 23, 2003 Last Structure Change Effective Date: September 17, 2011 Last Structure Change Process Date: September 28, 2011 Last Data Update: September 28, 2011 Data Source Date: April 05, 2012
Location
Address: 1101 Woodland Road, Wyomissing, PA 19610 County: Berks Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Harrisburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Reading, PA (#6680) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Reading, PA (#39740) CBSA Metro Statistical Area: Reading, PA (#39740)
Financial Summary
Total assets: $137.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
45Total employees (full-time equivalent)
$135,191Total assets
$6,246Cash and due from depository institutions
$4,364Interest-bearing balances
$1,657Securities
$7,151Federal funds sold & reverse repurchase agreements
$106,356Net loans & leases
$1,349Loan loss allowance
$0Trading account assets
$3,870Bank premises and fixed assets
$4,935Other real estate owned
$80Goodwill and other intangibles
$2,431Life insurance assets
$4,896All other assets
$135,191Total liabilities and capital
$124,749Total liabilities
$123,253Total deposits
$116,280Interest-bearing deposits
$123,253Deposits held in domestic offices
96.75%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$764Other borrowed funds
$0Subordinated debt
$732All other liabilities
$10,442Total equity capital
$10,442Total bank equity capital
$10,442Perpetual preferred stock
$0Common stock
$1,707Surplus
$16,007Undivided profits
Memoranda
$-7,272Noncurrent loans and leases
$8,596Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,974Earning assets
$0Long-term assets (5+ years)
$426Average Assets, year-to-date
$119,528Average Assets, quarterly
$59,693Volatile liabilities
$142,988Insider loans
$137,537FHLB advances
$13,300Loans and leases held for sale
$2,824Unused loan commitments
$764Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$574Total risk weighted assets
$8,596Total unused commitments
$1,363Restructured Loans and leases
$1,353Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,811Total interest income
$2,055Total interest expense
$4,756Net interest income
$671Provision for loan and lease losses
$743Total noninterest income
$0Fiduciary activities
$43Service charges on deposit accounts
$0Trading account gains & fees
$700Additional noninterest income
$6,116Total noninterest expense
$2,248Salaries and employee benefits
$1,114Premises and equipment expense
$2,754Additional noninterest expense
-$1,288Pre-tax net operating income
$62Securities gains (losses)
$0Applicable income taxes
-$1,226Income before extraordinary items
$0Extraordinary gains - net
-$1,226Net income attributable to bank
$0Net charge-offs
-$1,226Cash dividends
$977Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
1.61%Cost of funding earning assets
3.72%Net interest margin
0.58%Noninterest income to earning assets
4.78%Noninterest expense to earning assets
-0.90%Net operating income to assets
-0.86%Return on assets (ROA)
-0.86%Pretax return on assets
-10.75%Return on equity (ROE)
-10.75%Retained earnings to average equity (YTD only)
0.89%Net charge-offs to loans
68.68%Credit loss provision to net charge-offs
-0.63%Efficiency ratio
103,619Assets per employee
3.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
68.34%Noncurrent assets plus other real estate owned to assets
5.11%Noncurrent loans to loans
1.83%Net loans and leases to deposits
86.29%Net loans and leases to core deposits
96.73%Equity capital to assets
7.72%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
9.64%Total risk-based capital ratio
Memoranda
$11Average assets
$142,988Average earning assets
$11,400Average equity
$127,991Average loans
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