FDIC Certificate #: 35561 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Polonia Bank (#29282) Federal Reserve ID: 2975625 Date Established: January 08, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 81672 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: January 08, 2001 Last Structure Change Effective Date: December 10, 2010 Last Structure Change Process Date: December 13, 2010 Last Data Update: December 13, 2010 Data Source Date: April 05, 2012
Location
Address: 376 Second Street Pike, Southampton, PA 18966 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: $112.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
35Total employees (full-time equivalent)
$116,879Total assets
$5,419Cash and due from depository institutions
$4,368Interest-bearing balances
$14,867Securities
$1,615Federal funds sold & reverse repurchase agreements
$84,793Net loans & leases
$2,378Loan loss allowance
$0Trading account assets
$968Bank premises and fixed assets
$1,333Other real estate owned
$0Goodwill and other intangibles
$4,555Life insurance assets
$7,884All other assets
$116,879Total liabilities and capital
$113,626Total liabilities
$102,773Total deposits
$100,187Interest-bearing deposits
$102,773Deposits held in domestic offices
95.36%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$853All other liabilities
$3,253Total equity capital
$3,253Total bank equity capital
$3,253Perpetual preferred stock
$0Common stock
$2,041Surplus
$11,250Undivided profits
Memoranda
$-10,038Noncurrent loans and leases
$10,240Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,945Earning assets
$0Long-term assets (5+ years)
$424Average Assets, year-to-date
$105,643Average Assets, quarterly
$29,680Volatile liabilities
$136,893Insider loans
$120,426FHLB advances
$26,708Loans and leases held for sale
$1,219Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,240Total unused commitments
$291Restructured Loans and leases
$1,156Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,220Total interest income
$3,612Total interest expense
$2,608Net interest income
$3,545Provision for loan and lease losses
$390Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$273Additional noninterest income
$6,305Total noninterest expense
$2,093Salaries and employee benefits
$396Premises and equipment expense
$3,816Additional noninterest expense
-$6,852Pre-tax net operating income
$25Securities gains (losses)
$0Applicable income taxes
-$6,827Income before extraordinary items
$0Extraordinary gains - net
-$6,827Net income attributable to bank
$0Net charge-offs
-$6,827Cash dividends
$4,532Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
2.90%Cost of funding earning assets
2.09%Net interest margin
0.31%Noninterest income to earning assets
5.06%Noninterest expense to earning assets
-5.01%Net operating income to assets
-4.99%Return on assets (ROA)
-4.99%Pretax return on assets
-103.07%Return on equity (ROE)
-103.07%Retained earnings to average equity (YTD only)
4.86%Net charge-offs to loans
78.22%Credit loss provision to net charge-offs
-0.73%Efficiency ratio
210,307Assets per employee
3.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.73%Loss allowance to noncurrent loans
26.58%Noncurrent assets plus other real estate owned to assets
8.79%Noncurrent loans to loans
10.26%Net loans and leases to deposits
82.51%Net loans and leases to core deposits
104.60%Equity capital to assets
2.78%Core capital (leverage) ratio
3.00%Tier 1 risk-based capital ratio
3.96%Total risk-based capital ratio
Memoranda
$5Average assets
$136,893Average earning assets
$6,623Average equity
$124,563Average loans
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