FDIC Certificate #: 57871 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Bank of Princeton (#58513) Federal Reserve ID: 3427765 Date Established: March 01, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 428630 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 01, 2006 Last Structure Change Effective Date: September 30, 2010 Last Structure Change Process Date: November 04, 2010 Last Data Update: November 04, 2010 Data Source Date: April 05, 2012
Location
Address: 470 West Cheltenham Avenue, Philadelphia, PA 19126 County: Philadelphia 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)
Financial Summary
Total assets: $72.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
28Total employees (full-time equivalent)
$69,750Total assets
$3,840Cash and due from depository institutions
$1,620Interest-bearing balances
$14,614Securities
$0Federal funds sold & reverse repurchase agreements
$49,214Net loans & leases
$719Loan loss allowance
$0Trading account assets
$919Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,163All other assets
$69,750Total liabilities and capital
$65,174Total liabilities
$59,520Total deposits
$52,253Interest-bearing deposits
$59,520Deposits held in domestic offices
96.64%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,492Other borrowed funds
$0Subordinated debt
$162All other liabilities
$4,576Total equity capital
$4,576Total bank equity capital
$4,576Perpetual preferred stock
$0Common stock
$1,141Surplus
$9,966Undivided profits
Memoranda
$-6,531Noncurrent loans and leases
$4,514Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$940Earning assets
$0Long-term assets (5+ years)
$359Average Assets, year-to-date
$65,448Average Assets, quarterly
$13,629Volatile liabilities
$59,670Insider loans
$69,795FHLB advances
$14,692Loans and leases held for sale
$1,372Unused loan commitments
$5,492Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,514Total unused commitments
$0Restructured Loans and leases
$630Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,213Total interest income
$1,382Total interest expense
$1,831Net interest income
$378Provision for loan and lease losses
$243Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$100Additional noninterest income
$3,226Total noninterest expense
$1,697Salaries and employee benefits
$590Premises and equipment expense
$939Additional noninterest expense
-$1,530Pre-tax net operating income
$157Securities gains (losses)
$0Applicable income taxes
-$1,373Income before extraordinary items
$0Extraordinary gains - net
-$1,373Net income attributable to bank
$0Net charge-offs
-$1,373Cash dividends
$124Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.93%Yield on earning assets
2.55%Cost of funding earning assets
3.38%Net interest margin
0.45%Noninterest income to earning assets
5.95%Noninterest expense to earning assets
-2.56%Net operating income to assets
-2.30%Return on assets (ROA)
-2.30%Pretax return on assets
-28.14%Return on equity (ROE)
-28.14%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
304.84%Credit loss provision to net charge-offs
-9.29%Efficiency ratio
155,545Assets per employee
2.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
76.49%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
1.88%Net loans and leases to deposits
82.68%Net loans and leases to core deposits
108.83%Equity capital to assets
6.56%Core capital (leverage) ratio
6.61%Tier 1 risk-based capital ratio
9.32%Total risk-based capital ratio
Memoranda
$11Average assets
$59,670Average earning assets
$4,879Average equity
$54,201Average loans
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