First Fidelity Bank, National Association, Pennsylvania in city_name, state_name

First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)
Show street view No street view available for this location

First Fidelity Bank, National Association, Pennsylvania - Overview

General
FDIC Certificate #: 7436
Status: Inactive
Closing history: Change NONGEOFLDOFF from Default
Acquiring institution: Wachovia Bank, National Association (#33869)
Federal Reserve ID: 355214
Date Established: January 01, 1814
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 199 (Interstate: No)
FDIC's unique #: 4840
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 11, 1994
Last Structure Change Process Date: January 12, 1994
Last Data Update: January 12, 1994
Data Source Date: April 05, 2012
Location
Address: 175 West Broadway, Salem, NJ 8079
County: Salem
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Jamesburg
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: Wilmington, DE-MD-NJ (#48864)
History of Changes
Consolidated - Without Assistance
Corrections
Change NONGEOFLDOFF from Default
Financial Summary
Total assets: $9,376.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$3,995Total assets
$9,376,624Cash and due from depository institutions
$1,009,319Interest-bearing balances
$492,390Securities
$1,704,281Federal funds sold & reverse repurchase agreements
$114,000Net loans & leases
$6,095,884Loan loss allowance
$194,705Trading account assets
$0Bank premises and fixed assets
$128,967Other real estate owned
$40,079Goodwill and other intangibles
$264,169Life insurance assets
$19,925All other assets
$0Total liabilities and capital
$9,376,624Total liabilities
$8,478,871Total deposits
$7,183,704Interest-bearing deposits
$5,910,230Deposits held in domestic offices
6977995.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$950,776Trading liabilities
$0Other borrowed funds
$4,439Subordinated debt
$75,000All other liabilities
$264,952Total equity capital
$264,952Total bank equity capital
$897,753Perpetual preferred stock
$0Common stock
$141,434Surplus
$258,288Undivided profits
Memoranda
$498,031Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$152,972Income earned, not collected on loans
$35,256Earning assets
$8,406,555Long-term assets (5+ years)
$2,369,376Average Assets, year-to-date
$9,899,385Average Assets, quarterly
$9,520,834Volatile liabilities
$1,345,554Insider loans
$120,886FHLB advances
$0Loans and leases held for sale
$2,114Unused loan commitments
$933,041Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$866,835Total risk weighted assets
$6,516,903Total unused commitments
$0Restructured Loans and leases
$3,841,936Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$668,186Total interest expense
$214,262Net interest income
$453,924Provision for loan and lease losses
$28,024Total noninterest income
$119,910Fiduciary activities
$42,246Service charges on deposit accounts
$39,785Trading account gains & fees
$1,304Additional noninterest income
$36,575Total noninterest expense
$326,650Salaries and employee benefits
$140,148Premises and equipment expense
$41,983Additional noninterest expense
$144,519Pre-tax net operating income
$219,160Securities gains (losses)
$724Applicable income taxes
$66,578Income before extraordinary items
$153,306Extraordinary gains - net
$8,407Net income attributable to bank
$161,713Net charge-offs
$69,967Cash dividends
$141,200Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.48%Cost of funding earning assets
2.40%Net interest margin
5.08%Noninterest income to earning assets
1.34%Noninterest expense to earning assets
3.66%Net operating income to assets
1.54%Return on assets (ROA)
1.63%Pretax return on assets
2.31%Return on equity (ROE)
18.39%Retained earnings to average equity (YTD only)
2.33%Net charge-offs to loans
1.11%Credit loss provision to net charge-offs
40.05%Efficiency ratio
56,436Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.32%Loss allowance to loans
3.10%Loss allowance to noncurrent loans
127.28%Noncurrent assets plus other real estate owned to assets
2.06%Noncurrent loans to loans
2.43%Net loans and leases to deposits
84.86%Net loans and leases to core deposits
89.78%Equity capital to assets
9.57%Core capital (leverage) ratio
9.16%Tier 1 risk-based capital ratio
13.30%Total risk-based capital ratio
Memoranda
$16Average assets
$9,899,385Average earning assets
$879,276Average equity
$8,934,678Average loans

First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Fidelity Bank, National Association, Pennsylvania - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Fidelity Bank, National Association, Pennsylvania - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

Comment about this bank, ask questions, or add new information about it:

First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches