FDIC Certificate #: 440 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Patriot Bank (#28673) Federal Reserve ID: 18313 Date Established: November 23, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 337 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 22, 1999 Last Structure Change Process Date: March 03, 1999 Last Data Update: March 03, 1999 Data Source Date: April 05, 2012
Location
Address: 500 Main Street, Walnutport, PA 18088 County: Northampton 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): Allentown-Bethlehem-Easton, PA (#240) Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900) CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
Financial Summary
Total assets: $104.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
47Total employees (full-time equivalent)
$104,169Total assets
$6,516Cash and due from depository institutions
$3,482Interest-bearing balances
$34,598Securities
$1,350Federal funds sold & reverse repurchase agreements
$50,550Net loans & leases
$1,160Loan loss allowance
$7,697Trading account assets
$2,157Bank premises and fixed assets
$82Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,219All other assets
$104,169Total liabilities and capital
$95,421Total liabilities
$95,068Total deposits
$83,647Interest-bearing deposits
$95,068Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$353All other liabilities
$8,748Total equity capital
$8,748Total bank equity capital
$8,748Perpetual preferred stock
$0Common stock
$210Surplus
$8,990Undivided profits
Memoranda
$-452Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$278Average Assets, year-to-date
$97,677Average Assets, quarterly
$38,626Volatile liabilities
$107,718Insider loans
$106,314FHLB advances
$7,328Loans and leases held for sale
$588Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,544Total unused commitments
$0Restructured Loans and leases
$54,918Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,404Total interest income
$3,542Total interest expense
$3,862Net interest income
$140Provision for loan and lease losses
-$703Total noninterest income
$0Fiduciary activities
$297Service charges on deposit accounts
-$1,216Trading account gains & fees
$216Additional noninterest income
$6,746Total noninterest expense
$1,707Salaries and employee benefits
$590Premises and equipment expense
$4,449Additional noninterest expense
-$3,727Pre-tax net operating income
$4Securities gains (losses)
$0Applicable income taxes
-$3,723Income before extraordinary items
$0Extraordinary gains - net
-$3,723Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$566Sale, conversion, retirement of capital stock, net
$1,389Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.44%Yield on earning assets
3.56%Cost of funding earning assets
3.88%Net interest margin
-0.71%Noninterest income to earning assets
6.78%Noninterest expense to earning assets
-3.46%Net operating income to assets
-3.46%Return on assets (ROA)
-3.46%Pretax return on assets
-30.28%Return on equity (ROE)
-41.58%Retained earnings to average equity (YTD only)
0.93%Net charge-offs to loans
24.73%Credit loss provision to net charge-offs
-6.34%Efficiency ratio
213,549Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
-37.31%Loss allowance to loans
2.24%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.00%Net loans and leases to deposits
53.17%Net loans and leases to core deposits
57.61%Equity capital to assets
8.40%Core capital (leverage) ratio
8.18%Tier 1 risk-based capital ratio
15.73%Total risk-based capital ratio
Memoranda
$17Average assets
$107,718Average earning assets
$12,294Average equity
$99,569Average loans
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