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

This bank is inactive as of June 27, 1996

  • Meridian Bank in Reading, Pennsylvania (PA)
  • Show street view No street view available for this location

Meridian Bank - Overview

  • General
  • FDIC Certificate #: 11870
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Corestates Bank, National Association (#719)
    Federal Reserve ID: 102016
    Date Established: July 01, 1932
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 270 (Interstate: No)
    OTS Docket #: 11558
    FDIC's unique #: 7584
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 27, 1996
    Last Structure Change Process Date: July 25, 1996
    Last Data Update: July 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 35-43 North Sixth Street, Reading, PA 19603
    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: $11,608.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $4,349Total assets
  • $12,439,765Cash and due from depository institutions
  • $831,085Interest-bearing balances
  • $56,828Securities
  • $1,845,056Federal funds sold & reverse repurchase agreements
  • $14,869Net loans & leases
  • $8,890,018Loan loss allowance
  • $142,286Trading account assets
  • $145,882Bank premises and fixed assets
  • $199,984Other real estate owned
  • $14,299Goodwill and other intangibles
  • $473,801Life insurance assets
  • $24,771All other assets
  • $0Total liabilities and capital
  • $12,439,765Total liabilities
  • $11,320,686Total deposits
  • $9,504,153Interest-bearing deposits
  • $7,787,806Deposits held in domestic offices
  • 9501274.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $1,208,099Trading liabilities
  • $5,103Other borrowed funds
  • $276,647Subordinated debt
  • $149,287All other liabilities
  • $177,397Total equity capital
  • $177,397Total bank equity capital
  • $1,119,079Perpetual preferred stock
  • $0Common stock
  • $63,750Surplus
  • $387,303Undivided profits
  • Memoranda
  • $668,026Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $101,454Income earned, not collected on loans
  • $60,895Earning assets
  • $10,952,328Long-term assets (5+ years)
  • $2,688,357Average Assets, year-to-date
  • $12,618,480Average Assets, quarterly
  • $12,390,276Volatile liabilities
  • $1,937,733Insider loans
  • $41,217FHLB advances
  • $0Loans and leases held for sale
  • $116,126Unused loan commitments
  • $3,748,054Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,099,794Total risk weighted assets
  • $10,672,103Total unused commitments
  • $0Restructured Loans and leases
  • $4,015,789Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $957,061Total interest expense
  • $417,571Net interest income
  • $539,490Provision for loan and lease losses
  • $36,199Total noninterest income
  • $177,742Fiduciary activities
  • $0Service charges on deposit accounts
  • $55,029Trading account gains & fees
  • $34,094Additional noninterest income
  • $88,619Total noninterest expense
  • $443,441Salaries and employee benefits
  • $206,334Premises and equipment expense
  • $59,364Additional noninterest expense
  • $177,743Pre-tax net operating income
  • $237,592Securities gains (losses)
  • $5,645Applicable income taxes
  • $74,066Income before extraordinary items
  • $169,171Extraordinary gains - net
  • $0Net income attributable to bank
  • $169,171Net charge-offs
  • $40,214Cash dividends
  • $85,415Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.40%Cost of funding earning assets
  • 3.67%Net interest margin
  • 4.74%Noninterest income to earning assets
  • 1.56%Noninterest expense to earning assets
  • 3.89%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 1.93%Return on equity (ROE)
  • 16.08%Retained earnings to average equity (YTD only)
  • 7.96%Net charge-offs to loans
  • 0.45%Credit loss provision to net charge-offs
  • 90.02%Efficiency ratio
  • 60,999Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.49%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 140.25%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 93.54%Net loans and leases to core deposits
  • 98.60%Equity capital to assets
  • 9.00%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 10.31%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $12,618,480Average earning assets
  • $1,052,381Average equity
  • $11,389,525Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Meridian Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents