FDIC Certificate #: 6480 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Susquehanna Bank DV (#6443) Federal Reserve ID: 680617 Date Established: September 04, 1913 WWW:http://www.minotolabank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 15 (Interstate: No) OTS Docket #: 8807 FDIC's unique #: 4332 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: April 22, 2006 Last Structure Change Process Date: June 29, 2006 Last Data Update: June 29, 2006 Data Source Date: April 05, 2012
Location
Address: 1748 South Lincoln Avenue, Vineland, NJ 8360 County: Cumberland Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Jamesburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Vineland-Millville-Bridgeton, NJ (#8760) 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): Vineland-Millville-Bridgeton, NJ (#47220) CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
Financial Summary
Total assets: $632.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
258Total employees (full-time equivalent)
$633,098Total assets
$26,257Cash and due from depository institutions
$1,314Interest-bearing balances
$61,598Securities
$36,525Federal funds sold & reverse repurchase agreements
$484,063Net loans & leases
$5,071Loan loss allowance
$0Trading account assets
$16,648Bank premises and fixed assets
$0Other real estate owned
$1,057Goodwill and other intangibles
$0Life insurance assets
$6,950All other assets
$633,098Total liabilities and capital
$551,980Total liabilities
$547,831Total deposits
$405,228Interest-bearing deposits
$547,831Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$46Other borrowed funds
$0Subordinated debt
$4,103All other liabilities
$81,118Total equity capital
$81,118Total bank equity capital
$81,118Perpetual preferred stock
$0Common stock
$3,580Surplus
$3,798Undivided profits
Memoranda
$73,740Noncurrent loans and leases
$134,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,125Earning assets
$18Long-term assets (5+ years)
$2,248Average Assets, year-to-date
$583,500Average Assets, quarterly
$43,591Volatile liabilities
$613,659Insider loans
$628,266FHLB advances
$59,465Loans and leases held for sale
$672Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,113Total risk weighted assets
$134,503Total unused commitments
$0Restructured Loans and leases
$5,596Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$34,022Total interest income
$6,308Total interest expense
$27,714Net interest income
$41Provision for loan and lease losses
$6,691Total noninterest income
$0Fiduciary activities
$1,649Service charges on deposit accounts
$0Trading account gains & fees
$5,042Additional noninterest income
$24,103Total noninterest expense
$13,036Salaries and employee benefits
$3,513Premises and equipment expense
$7,554Additional noninterest expense
$10,261Pre-tax net operating income
$8Securities gains (losses)
$3,952Applicable income taxes
$6,317Income before extraordinary items
$0Extraordinary gains - net
$6,317Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$92Sale, conversion, retirement of capital stock, net
$3,270Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.99%Yield on earning assets
1.11%Cost of funding earning assets
4.88%Net interest margin
1.18%Noninterest income to earning assets
4.24%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.67%Pretax return on assets
7.91%Return on equity (ROE)
3.82%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
44.57%Credit loss provision to net charge-offs
111.98%Efficiency ratio
69,903Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.77%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
450.76%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.23%Net loans and leases to deposits
88.36%Net loans and leases to core deposits
99.12%Equity capital to assets
12.81%Core capital (leverage) ratio
12.84%Tier 1 risk-based capital ratio
15.11%Total risk-based capital ratio
Memoranda
$16Average assets
$613,659Average earning assets
$79,817Average equity
$567,929Average loans
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