Commonwealth Bank in Norristown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 17, 2003

  • Commonwealth Bank in Norristown, Pennsylvania (PA)
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Commonwealth Bank - Overview

  • General
  • FDIC Certificate #: 30024
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Citizens Bank of Pennsylvania (#57282)
    Federal Reserve ID: 794073
    Date Established: January 01, 1923
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 63 (Interstate: No)
    OTS Docket #: 13400
    FDIC's unique #: 42858
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 02, 1939
    Last Structure Change Effective Date: January 17, 2003
    Last Structure Change Process Date: Febuary 10, 2003
    Last Data Update: Febuary 10, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 West Lafayette Street, Norristown, PA 19401
    County: Montgomery
    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: $1,845.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)

  • Dollar figures in thousands
  • 612Total employees (full-time equivalent)
  • $1,845,545Total assets
  • $216,229Cash and due from depository institutions
  • $149,713Interest-bearing balances
  • $447,234Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,076,267Net loans & leases
  • $15,371Loan loss allowance
  • $0Trading account assets
  • $11,601Bank premises and fixed assets
  • $4,758Other real estate owned
  • $20,286Goodwill and other intangibles
  • $0Life insurance assets
  • $69,170All other assets
  • $1,845,545Total liabilities and capital
  • $1,698,358Total liabilities
  • $1,530,635Total deposits
  • $1,311,382Interest-bearing deposits
  • $1,530,635Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $67,450Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $89,001Other borrowed funds
  • $0Subordinated debt
  • $11,272All other liabilities
  • $147,187Total equity capital
  • $147,187Total bank equity capital
  • $147,187Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $98,412Undivided profits
  • Memoranda
  • $48,774Noncurrent loans and leases
  • $216,892Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,800Earning assets
  • $0Long-term assets (5+ years)
  • $6,776Average Assets, year-to-date
  • $1,673,214Average Assets, quarterly
  • $736,160Volatile liabilities
  • $1,791,717Insider loans
  • $1,822,535FHLB advances
  • $110,632Loans and leases held for sale
  • $9,561Unused loan commitments
  • $84,613Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,193Total risk weighted assets
  • $216,892Total unused commitments
  • $0Restructured Loans and leases
  • $14,958Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $110,059Total interest income
  • $31,715Total interest expense
  • $78,344Net interest income
  • $6,300Provision for loan and lease losses
  • $21,442Total noninterest income
  • $0Fiduciary activities
  • $15,715Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,727Additional noninterest income
  • $68,339Total noninterest expense
  • $32,386Salaries and employee benefits
  • $9,757Premises and equipment expense
  • $26,196Additional noninterest expense
  • $25,147Pre-tax net operating income
  • $314Securities gains (losses)
  • $7,140Applicable income taxes
  • $18,321Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,321Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,157Sale, conversion, retirement of capital stock, net
  • $24,000Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.81%Yield on earning assets
  • 1.96%Cost of funding earning assets
  • 4.85%Net interest margin
  • 1.33%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 12.81%Return on equity (ROE)
  • -3.97%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 122.16%Credit loss provision to net charge-offs
  • 6.10%Efficiency ratio
  • 63,850Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 174.67%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 70.32%Net loans and leases to core deposits
  • 71.66%Equity capital to assets
  • 7.98%Core capital (leverage) ratio
  • 6.66%Tier 1 risk-based capital ratio
  • 10.12%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,791,717Average earning assets
  • $143,044Average equity
  • $1,615,818Average loans

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