Main Street Bank in city_name, state_name - Detailed Financial Reports, Location

Main Street Bank in Reading, Pennsylvania (PA)
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Main Street Bank - Overview

General
FDIC Certificate #: 27104
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sovereign Bank, National Association (#29950)
Federal Reserve ID: 1160545
Date Established: December 01, 1987
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 39 (Interstate: No)
OTS Docket #: 9243
FDIC's unique #: 38789
Numeric code: 13
Regulator: FED
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: December 01, 1987
Last Structure Change Effective Date: March 08, 2002
Last Structure Change Process Date: April 11, 2002
Last Data Update: April 11, 2002
Data Source Date: April 05, 2012
Location
Address: 601 Penn Street, Reading, PA 19601
County: Berks
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): Reading, PA (#6680)
Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
Core Based Statistical Area (CBSA): Reading, PA (#39740)
CBSA Metro Statistical Area: Reading, PA (#39740)
Financial Summary
Total assets: $1,541.7 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, 2001)

Dollar figures in thousands
446Total employees (full-time equivalent)
$1,541,676Total assets
$40,411Cash and due from depository institutions
$151Interest-bearing balances
$594,299Securities
$0Federal funds sold & reverse repurchase agreements
$838,338Net loans & leases
$12,979Loan loss allowance
$0Trading account assets
$31,731Bank premises and fixed assets
$901Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$35,996All other assets
$1,541,676Total liabilities and capital
$1,439,128Total liabilities
$1,274,061Total deposits
$1,210,489Interest-bearing deposits
$1,274,061Deposits held in domestic offices
0.00%% insured (estimated)
$21,481Federal funds purchased & repurchase agreements
$0Trading liabilities
$135,579Other borrowed funds
$0Subordinated debt
$8,007All other liabilities
$102,548Total equity capital
$102,548Total bank equity capital
$102,548Perpetual preferred stock
$0Common stock
$12,301Surplus
$39,008Undivided profits
Memoranda
$51,239Noncurrent loans and leases
$312,215Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,144Earning assets
$140Long-term assets (5+ years)
$9,684Average Assets, year-to-date
$1,432,788Average Assets, quarterly
$566,252Volatile liabilities
$1,550,374Insider loans
$1,559,936FHLB advances
$168,513Loans and leases held for sale
$12,761Unused loan commitments
$85,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$312,215Total unused commitments
$0Restructured Loans and leases
$12,822Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$103,215Total interest income
$53,199Total interest expense
$50,016Net interest income
$6,035Provision for loan and lease losses
$10,807Total noninterest income
$1,075Fiduciary activities
$5,524Service charges on deposit accounts
$0Trading account gains & fees
$4,208Additional noninterest income
$44,263Total noninterest expense
$21,099Salaries and employee benefits
$8,019Premises and equipment expense
$15,145Additional noninterest expense
$10,525Pre-tax net operating income
$4,096Securities gains (losses)
$1,903Applicable income taxes
$12,718Income before extraordinary items
$0Extraordinary gains - net
$12,718Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,727Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.18%Yield on earning assets
3.70%Cost of funding earning assets
3.48%Net interest margin
0.75%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
0.59%Net operating income to assets
0.82%Return on assets (ROA)
0.94%Pretax return on assets
12.93%Return on equity (ROE)
12.93%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
221.31%Credit loss provision to net charge-offs
6.07%Efficiency ratio
72,773Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
127.95%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.19%Net loans and leases to deposits
65.80%Net loans and leases to core deposits
71.35%Equity capital to assets
6.65%Core capital (leverage) ratio
6.90%Tier 1 risk-based capital ratio
10.36%Total risk-based capital ratio
Memoranda
$12Average assets
$1,550,374Average earning assets
$98,373Average equity
$1,436,587Average loans

Total Fiduciary and Related Assets (December 31, 2001)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$198,948Managed Assets
1Number of Accounts
$138,614Personal trust and agency accounts
$60,330Employee benefit-defined contribution accounts
$34,338Employee benefit-defined benefit accounts
$0Other retirement accounts
$10,985Corporate trust and agency accounts
$0Investment management agency accounts
$32,961Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
445Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$60,334Other retirement accounts
$0Corporate trust and agency accounts
$39,344Other fiduciary accounts
$3,511Fiduciary accounts held in foreign offices

Main Street Bank in Reading, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Main Street Bank - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Total Fiduciary and Related Assets (December 31, 2001)

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Main Street Bank in Reading, Pennsylvania (PA)Overview, Financial Summary, Detailed Financial Reports, Branches

Main Street Bank - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Total Fiduciary and Related Assets (December 31, 2001)

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

Main Street Bank in Reading, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches