Panasia Bank, National Association in Fort Lee, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 2003

  • Panasia Bank, National Association in Fort Lee, New Jersey (NJ)
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Panasia Bank, National Association - Overview

  • General
  • FDIC Certificate #: 33791
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Woori America Bank (#24920)
    Federal Reserve ID: 2034652
    Date Established: April 17, 1993
    WWW: http://www.panasiabank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 48066
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 17, 1993
    Last Structure Change Effective Date: September 12, 2003
    Last Structure Change Process Date: September 15, 2003
    Last Data Update: September 15, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 183 Main Street, Fort Lee, NJ 7024
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $216.8 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, 2002)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $214,596Total assets
  • $10,323Cash and due from depository institutions
  • $10Interest-bearing balances
  • $81,544Securities
  • $7,300Federal funds sold & reverse repurchase agreements
  • $98,158Net loans & leases
  • $2,009Loan loss allowance
  • $0Trading account assets
  • $2,141Bank premises and fixed assets
  • $0Other real estate owned
  • $12,434Goodwill and other intangibles
  • $0Life insurance assets
  • $2,696All other assets
  • $214,596Total liabilities and capital
  • $190,315Total liabilities
  • $186,677Total deposits
  • $129,080Interest-bearing deposits
  • $186,677Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,729Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,909All other liabilities
  • $24,281Total equity capital
  • $24,281Total bank equity capital
  • $24,281Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $19,805Undivided profits
  • Memoranda
  • $4,276Noncurrent loans and leases
  • $6,970Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $652Earning assets
  • $0Long-term assets (5+ years)
  • $1,291Average Assets, year-to-date
  • $187,012Average Assets, quarterly
  • $51,605Volatile liabilities
  • $191,054Insider loans
  • $212,418FHLB advances
  • $35,546Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,970Total unused commitments
  • $0Restructured Loans and leases
  • $1,364Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $10,064Total interest income
  • $2,579Total interest expense
  • $7,485Net interest income
  • $415Provision for loan and lease losses
  • $3,297Total noninterest income
  • $0Fiduciary activities
  • $1,816Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,481Additional noninterest income
  • $7,453Total noninterest expense
  • $3,874Salaries and employee benefits
  • $1,382Premises and equipment expense
  • $2,197Additional noninterest expense
  • $2,914Pre-tax net operating income
  • $0Securities gains (losses)
  • $853Applicable income taxes
  • $2,061Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,061Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $164Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.11%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 4.55%Net interest margin
  • 2.00%Noninterest income to earning assets
  • 4.53%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 9.05%Return on equity (ROE)
  • 9.05%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 253.05%Credit loss provision to net charge-offs
  • 20.30%Efficiency ratio
  • 69,124Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 308.13%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 52.58%Net loans and leases to core deposits
  • 64.21%Equity capital to assets
  • 11.31%Core capital (leverage) ratio
  • 5.61%Tier 1 risk-based capital ratio
  • 10.10%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $191,054Average earning assets
  • $22,764Average equity
  • $164,590Average loans

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