Carnegie Bank, National Association in Langhorne, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 1998

  • Carnegie Bank, National Association in Langhorne, Pennsylvania (PA)
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Carnegie Bank, National Association - Overview

  • General
  • FDIC Certificate #: 27194
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 1188147
    Date Established: March 09, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    OTS Docket #: 12878
    FDIC's unique #: 39096
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 09, 1988
    Last Structure Change Effective Date: July 31, 1998
    Last Structure Change Process Date: September 03, 1998
    Last Data Update: September 03, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Buckstown Drive, Suite E-204, Langhorne, PA 19047
    County: Bucks
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • Financial Summary
  • Total assets: $410.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 126Total employees (full-time equivalent)
  • $431,772Total assets
  • $14,384Cash and due from depository institutions
  • $354Interest-bearing balances
  • $121,471Securities
  • $1,725Federal funds sold & reverse repurchase agreements
  • $284,789Net loans & leases
  • $2,956Loan loss allowance
  • $0Trading account assets
  • $4,235Bank premises and fixed assets
  • $523Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,645All other assets
  • $431,772Total liabilities and capital
  • $403,659Total liabilities
  • $339,887Total deposits
  • $283,457Interest-bearing deposits
  • $339,887Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $51,725Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $2,047All other liabilities
  • $28,113Total equity capital
  • $28,113Total bank equity capital
  • $28,113Perpetual preferred stock
  • $0Common stock
  • $4,487Surplus
  • $13,462Undivided profits
  • Memoranda
  • $10,164Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,716Earning assets
  • $0Long-term assets (5+ years)
  • $1,623Average Assets, year-to-date
  • $408,339Average Assets, quarterly
  • $140,485Volatile liabilities
  • $389,837Insider loans
  • $426,059FHLB advances
  • $137,470Loans and leases held for sale
  • $4,361Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $45,928Total unused commitments
  • $0Restructured Loans and leases
  • $297,679Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $32,377Total interest income
  • $16,151Total interest expense
  • $16,226Net interest income
  • $446Provision for loan and lease losses
  • $989Total noninterest income
  • $0Fiduciary activities
  • $456Service charges on deposit accounts
  • $0Trading account gains & fees
  • $533Additional noninterest income
  • $11,284Total noninterest expense
  • $5,268Salaries and employee benefits
  • $2,677Premises and equipment expense
  • $3,339Additional noninterest expense
  • $5,485Pre-tax net operating income
  • $22Securities gains (losses)
  • $1,858Applicable income taxes
  • $3,649Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,649Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $155Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.83%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 14.28%Return on equity (ROE)
  • 14.28%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 287.74%Credit loss provision to net charge-offs
  • 38.26%Efficiency ratio
  • 65,547Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 62.68%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 83.79%Net loans and leases to core deposits
  • 107.82%Equity capital to assets
  • 6.51%Core capital (leverage) ratio
  • 6.68%Tier 1 risk-based capital ratio
  • 9.42%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $389,837Average earning assets
  • $25,555Average equity
  • $366,483Average loans

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