FDIC Certificate #: 58166 Status: Inactive Acquiring institution:Susquehanna Bank (#7579) Federal Reserve ID: 3379471 Bank Holding Company (Regulatory Top Holder): Tower Bancorp Inc. (RSSDID: 1118292, Location: Harrisburg, PA) Date Established: November 10, 2005 WWW:http://www.graystonebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 58 (Domestic: 58, Interstate: Yes) FDIC's unique #: 441088 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 10, 2005 Last Structure Change Effective Date: Febuary 18, 2012 Last Structure Change Process Date: Febuary 28, 2012 Last Data Update: Febuary 28, 2012 Data Source Date: April 05, 2012
Location
Address: 1826 Good Hope Rd., Enola, PA 17025 County: Cumberland Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Harrisburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Harrisburg-Lebanon-Carlisle, PA (#3240) Combined Statistical Area (CSA): Harrisburg-Carlisle-Lebanon, PA (#276) Core Based Statistical Area (CBSA): Harrisburg-Carlisle, PA (#25420) CBSA Metro Statistical Area: Harrisburg-Carlisle, PA (#25420)
History of Changes
Merger - Without Assistance
Financial Summary
Total assets: $2,513.0 mil Equity capital: $284.5 mil Deposits held in domestic offices: $2,141.6 mil Return on assets (ROA): 0.75% ($18.8 mil) Quarterly return on assets: 1.09% ($27.4 mil) Return on Equity (ROE): 7.16% ($20.4 mil) Quarterly return on equity: 9.76% ($27.8 mil) Net income: $19.5 mil Quarterly Net income: $6.9 mil Pretax return on assets: 1.09% ($27,392.1 mil) Quarterly Pretax return on assets: 1.62% ($40,711.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
544Total employees (full-time equivalent)
$2,513,037Total assets
$134,509Cash and due from depository institutions
$99,209Interest-bearing balances
$136,756Securities
$15,181Federal funds sold & reverse repurchase agreements
$2,061,941Net loans & leases
$12,597Loan loss allowance
$0Trading account assets
$51,265Bank premises and fixed assets
$4,489Other real estate owned
$26,178Goodwill and other intangibles
$2,513,037Life insurance assets
$82,718All other assets
$2,228,437Total liabilities and capital
$2,141,629Total liabilities
$1,776,453Total deposits
$2,141,629Interest-bearing deposits
$79Deposits held in domestic offices
10556.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$51,301Trading liabilities
$0Other borrowed funds
$24,951Subordinated debt
$284,600All other liabilities
$284,538Total equity capital
$284,538Total bank equity capital
$0Perpetual preferred stock
$1,760Common stock
$271,469Surplus
$11,309Undivided profits
Memoranda
$62Noncurrent loans and leases
$36,242Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$36,497Income earned, not collected on loans
$0Earning assets
$6,856Long-term assets (5+ years)
$2,313,087Average Assets, year-to-date
$331,244Average Assets, quarterly
$2,586,560Volatile liabilities
$2,524,729Insider loans
$2,012,636FHLB advances
$2,495,184Loans and leases held for sale
$41,295Unused loan commitments
$22,490Tier 1 (core) risk-based capital
$256,983Tier 2 risk-based capital
$0Total risk weighted assets
$18,805Total unused commitments
$496,024Restructured Loans and leases
$81,766Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$119,252Total interest income
$21,311Total interest expense
$97,941Net interest income
$5,700Provision for loan and lease losses
$21,034Total noninterest income
$3,317Fiduciary activities
$4,917Service charges on deposit accounts
$0Trading account gains & fees
$12,800Additional noninterest income
$86,780Total noninterest expense
$43,789Salaries and employee benefits
$15,628Premises and equipment expense
$27,363Additional noninterest expense
$26,495Pre-tax net operating income
$1,866Securities gains (losses)
$8,792Applicable income taxes
$19,569Income before extraordinary items
$0Extraordinary gains - net
$19,511Net income attributable to bank
$58Net charge-offs
$19,569Cash dividends
$7,156Sale, conversion, retirement of capital stock, net
$3,362Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
0.90%Cost of funding earning assets
4.13%Net interest margin
0.89%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.71%Net operating income to assets
0.75%Return on assets (ROA)
1.09%Pretax return on assets
7.16%Return on equity (ROE)
5.93%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
79.65%Credit loss provision to net charge-offs
4.50%Efficiency ratio
71,736Assets per employee
4.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.23%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
34.52%Noncurrent assets plus other real estate owned to assets
1.63%Noncurrent loans to loans
1.76%Net loans and leases to deposits
96.28%Net loans and leases to core deposits
107.72%Equity capital to assets
11.32%Core capital (leverage) ratio
10.30%Tier 1 risk-based capital ratio
12.77%Total risk-based capital ratio
Memoranda
$13Average assets
$2,586,560Average earning assets
$272,541Average equity
$2,371,375Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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