FDIC Certificate #: 58502 Status: Active Federal Reserve ID: 3540310 Date Established: November 07, 2007 WWW:http://www.milestonebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 454689 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 07, 2007 Last Structure Change Effective Date: November 07, 2007 Last Structure Change Process Date: November 09, 2007 Last Data Update: November 09, 2007 Data Source Date: April 05, 2012
Location
Address: 1980 South Easton Road, Suite 110, Doylestown, PA 18901 County: Bucks 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)
History of Changes
Change in FED-RSSD-ID
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $155.1 mil Equity capital: $24.4 mil Deposits held in domestic offices: $117.3 mil Return on assets (ROA): 1.25% ($1.9 mil) Quarterly return on assets: 1.19% ($1.8 mil) Return on Equity (ROE): 9.25% ($2.2 mil) Quarterly return on equity: 7.64% ($1.8 mil) Net income: $1.8 mil Quarterly Net income: $0.5 mil Pretax return on assets: 1.89% ($2,931.8 mil) Quarterly Pretax return on assets: 1.79% ($2,776.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
29Total employees (full-time equivalent)
$155,120Total assets
$12,306Cash and due from depository institutions
$10,762Interest-bearing balances
$23,944Securities
$1,295Federal funds sold & reverse repurchase agreements
$113,934Net loans & leases
$1,775Loan loss allowance
$0Trading account assets
$398Bank premises and fixed assets
$450Other real estate owned
$571Goodwill and other intangibles
$155,120Life insurance assets
$2,222All other assets
$130,728Total liabilities and capital
$117,346Total liabilities
$95,567Total deposits
$117,346Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$12,300Trading liabilities
$0Other borrowed funds
$1,082Subordinated debt
$24,392All other liabilities
$24,392Total equity capital
$24,392Total bank equity capital
$5,100Perpetual preferred stock
$2,268Common stock
$16,904Surplus
$120Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,964Income earned, not collected on loans
$0Earning assets
$461Long-term assets (5+ years)
$149,935Average Assets, year-to-date
$18,033Average Assets, quarterly
$143,199Volatile liabilities
$155,233Insider loans
$110,763FHLB advances
$156,601Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$23,209Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$31,137Restructured Loans and leases
$4,196Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,708Total interest income
$1,483Total interest expense
$6,225Net interest income
$468Provision for loan and lease losses
$1,939Total noninterest income
$0Fiduciary activities
$124Service charges on deposit accounts
$0Trading account gains & fees
$1,815Additional noninterest income
$4,983Total noninterest expense
$2,448Salaries and employee benefits
$526Premises and equipment expense
$2,009Additional noninterest expense
$2,713Pre-tax net operating income
$0Securities gains (losses)
$919Applicable income taxes
$1,794Income before extraordinary items
$0Extraordinary gains - net
$1,794Net income attributable to bank
$0Net charge-offs
$1,794Cash dividends
$188Sale, conversion, retirement of capital stock, net
$15Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
1.08%Cost of funding earning assets
4.52%Net interest margin
1.41%Noninterest income to earning assets
3.61%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
1.89%Pretax return on assets
9.25%Return on equity (ROE)
9.17%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
248.94%Credit loss provision to net charge-offs
16.92%Efficiency ratio
60,510Assets per employee
5.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.84%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
59.89%Noncurrent assets plus other real estate owned to assets
2.20%Noncurrent loans to loans
2.56%Net loans and leases to deposits
97.09%Net loans and leases to core deposits
97.42%Equity capital to assets
15.72%Core capital (leverage) ratio
14.82%Tier 1 risk-based capital ratio
20.95%Total risk-based capital ratio
Memoranda
$22Average assets
$143,199Average earning assets
$19,398Average equity
$137,847Average loans
List of branches
1 Pennsylvania Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
454689
Milestone Bank
1980 South Easton Road, Suite 110, Doylestown, PA 18901
November 07, 2007
Full Service Brick and Mortar
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 MileStone 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.
Comment about this bank, ask questions, or add new information about it: