FDIC Certificate #: 7802 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:GRAYSTONE TOWER BANK (#58166) Federal Reserve ID: 23812 Date Established: December 10, 1863 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 24 (Interstate: No) OTS Docket #: 10148 FDIC's unique #: 5030 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 10, 2010 Last Structure Change Process Date: January 11, 2011 Last Data Update: January 11, 2011 Data Source Date: April 05, 2012
Location
Address: 9 North High Street, West Chester, PA 19380 County: Chester 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: $1,134.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
601Total employees (full-time equivalent)
$1,375,160Total assets
$144,960Cash and due from depository institutions
$124,107Interest-bearing balances
$71,443Securities
$1,721Federal funds sold & reverse repurchase agreements
$1,081,430Net loans & leases
$23,217Loan loss allowance
$0Trading account assets
$22,469Bank premises and fixed assets
$3,692Other real estate owned
$759Goodwill and other intangibles
$1,474Life insurance assets
$48,686All other assets
$1,375,160Total liabilities and capital
$1,272,939Total liabilities
$1,112,712Total deposits
$1,027,092Interest-bearing deposits
$1,112,712Deposits held in domestic offices
73.31%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$144,462Other borrowed funds
$0Subordinated debt
$15,765All other liabilities
$102,221Total equity capital
$102,221Total bank equity capital
$100,396Perpetual preferred stock
$0Common stock
$5,100Surplus
$57,906Undivided profits
Memoranda
$37,390Noncurrent loans and leases
$187,008Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,825Income earned, not collected on loans
$28,111Earning assets
$33Long-term assets (5+ years)
$3,589Average Assets, year-to-date
$1,278,701Average Assets, quarterly
$416,474Volatile liabilities
$1,352,324Insider loans
$1,341,083FHLB advances
$332,257Loans and leases held for sale
$22,496Unused loan commitments
$144,462Tier 1 (core) risk-based capital
$332,512Tier 2 risk-based capital
$202,757Total risk weighted assets
$187,008Total unused commitments
$5,923Restructured Loans and leases
$12,418Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$67,692Total interest income
$21,044Total interest expense
$46,648Net interest income
$33,919Provision for loan and lease losses
$62,241Total noninterest income
$3,506Fiduciary activities
$3,772Service charges on deposit accounts
$0Trading account gains & fees
$54,963Additional noninterest income
$99,956Total noninterest expense
$57,520Salaries and employee benefits
$13,162Premises and equipment expense
$29,274Additional noninterest expense
-$24,986Pre-tax net operating income
$835Securities gains (losses)
-$455Applicable income taxes
-$23,696Income before extraordinary items
$0Extraordinary gains - net
-$25,553Net income attributable to bank
$1,857Net charge-offs
-$23,696Cash dividends
$20,813Sale, conversion, retirement of capital stock, net
$1,350Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.39%Yield on earning assets
1.68%Cost of funding earning assets
3.72%Net interest margin
4.96%Noninterest income to earning assets
7.96%Noninterest expense to earning assets
-1.81%Net operating income to assets
-1.89%Return on assets (ROA)
-1.92%Pretax return on assets
-24.72%Return on equity (ROE)
-26.03%Retained earnings to average equity (YTD only)
1.82%Net charge-offs to loans
162.97%Credit loss provision to net charge-offs
0.43%Efficiency ratio
91,794Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.28%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
82.59%Noncurrent assets plus other real estate owned to assets
2.31%Noncurrent loans to loans
2.54%Net loans and leases to deposits
97.19%Net loans and leases to core deposits
125.46%Equity capital to assets
7.30%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
10.39%Total risk-based capital ratio
Memoranda
$12Average assets
$1,352,324Average earning assets
$103,365Average equity
$1,255,168Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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