Continental Bank in Plymouth Meeting, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Continental Bank in Plymouth Meeting, Pennsylvania (PA)
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Continental Bank - Overview

  • General
  • FDIC Certificate #: 58061
    Status: Active
    Federal Reserve ID: 3381876
    Date Established: September 07, 2005
    WWW: http://www.thecontinentalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 17996
    FDIC's unique #: 437942
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 07, 2005
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 620 West Germantown Pike, Suite 350, Plymouth Meeting, PA 19462
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $531.3 mil
    Equity capital: $48.9 mil
    Deposits held in domestic offices: $400.2 mil
    Return on assets (ROA): 0.24% ($1.3 mil)
    Quarterly return on assets: 0.01% ($0.1 mil)
    Return on Equity (ROE): 2.62% ($1.3 mil)
    Quarterly return on equity: 0.06% ($0.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.38% ($2,019.0 mil)
    Quarterly Pretax return on assets: 0.00% ($0.0 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, 2011)

  • Dollar figures in thousands
  • 128Total employees (full-time equivalent)
  • $531,328Total assets
  • $73,954Cash and due from depository institutions
  • $69,123Interest-bearing balances
  • $136,744Securities
  • $3,280Federal funds sold & reverse repurchase agreements
  • $293,732Net loans & leases
  • $3,967Loan loss allowance
  • $0Trading account assets
  • $10,288Bank premises and fixed assets
  • $1,640Other real estate owned
  • $1,075Goodwill and other intangibles
  • $531,328Life insurance assets
  • $10,615All other assets
  • $482,445Total liabilities and capital
  • $400,184Total liabilities
  • $355,311Total deposits
  • $400,184Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 16869.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,725Trading liabilities
  • $0Other borrowed funds
  • $6,667Subordinated debt
  • $48,883All other liabilities
  • $48,883Total equity capital
  • $48,883Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $51,649Surplus
  • $-2,767Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,178Income earned, not collected on loans
  • $0Earning assets
  • $1,356Long-term assets (5+ years)
  • $502,879Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $518,210Volatile liabilities
  • $525,763Insider loans
  • $326,385FHLB advances
  • $529,922Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $47,477Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $60,232Restructured Loans and leases
  • $13,359Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,371Total interest income
  • $4,778Total interest expense
  • $16,593Net interest income
  • $3,823Provision for loan and lease losses
  • $9,216Total noninterest income
  • $0Fiduciary activities
  • $726Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,490Additional noninterest income
  • $20,567Total noninterest expense
  • $11,243Salaries and employee benefits
  • $4,678Premises and equipment expense
  • $4,646Additional noninterest expense
  • $1,419Pre-tax net operating income
  • $553Securities gains (losses)
  • $724Applicable income taxes
  • $1,248Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,248Net income attributable to bank
  • $0Net charge-offs
  • $1,248Cash dividends
  • $3,006Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.39%Net interest margin
  • 1.88%Noninterest income to earning assets
  • 4.21%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 2.62%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 127.18%Credit loss provision to net charge-offs
  • 1.74%Efficiency ratio
  • 78,980Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 48.51%Noncurrent assets plus other real estate owned to assets
  • 1.85%Noncurrent loans to loans
  • 2.75%Net loans and leases to deposits
  • 73.40%Net loans and leases to core deposits
  • 75.93%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 14.55%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $518,210Average earning assets
  • $47,650Average equity
  • $489,082Average loans

List of branches

  • 11 Pennsylvania Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0437942Continental Bank620 West Germantown Pike, Suite 350, Plymouth Meeting, PA 19462September 07, 2005Full Service Brick and Mortar
    1445287Devon Branch227 Lancaster Avenue, Devon, PA 19333September 07, 2005Full Service Brick and Mortar
    2446986Plymouth Meeting Branch661 West Germantown Pike, Plymouth Meeting, PA 19462September 07, 2005Full Service Brick and Mortar
    3463728West Ridge Pike - Limerick Branch3 W Ridge Pike, Limerick, PA 19468Febuary 15, 2006Full Service Brick and Mortar
    4463729Ridge Pike - Roxborough Branch7133 Ridge Pike, Philadelphia, PA 19128June 21, 2006Full Service Brick and Mortar
    5468125East Norriton Branch113 W Germantown Pike, East Norriton, PA 19401December 12, 2006Full Service Brick and Mortar
    6468126Blue Bell Branch599 Skippack Pike, Blue Bell, PA 19422December 20, 2006Full Service Brick and Mortar
    7468127West Norriton Branch436 Egypt Road, East Norriton, PA 19403Febuary 12, 2006Full Service Brick and Mortar
    8481400Shannondell Office Branch10000 Shannondell Drive, Audubon, PA 19403October 31, 2007Full Service Brick and Mortar
    9481401King Of Prussia Office Branch197 E Dekalb Pike, King Of Prussia, PA 19406Febuary 29, 2008Full Service Brick and Mortar
    10518540Bala Cynwyd Branch301 East Montgomery Ave, Bala Cynwyd, PA 19004July 31, 2006Full Service Brick and Mortar

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