FDIC Certificate #: 31572 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Bank (#33211) Federal Reserve ID: 271677 Date Established: January 01, 1880 WWW:http://www.peoplessb.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7195 FDIC's unique #: 44406 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 26, 1970 Last Structure Change Effective Date: March 17, 2007 Last Structure Change Process Date: April 04, 2007 Last Data Update: April 04, 2007 Data Source Date: April 05, 2012
Location
Address: 789 Farnsworth Avenue, Bordentown, NJ 8505 County: Burlington 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): 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: Camden, NJ (#15804)
Financial Summary
Total assets: $109.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
31Total employees (full-time equivalent)
$109,137Total assets
$9,893Cash and due from depository institutions
$9,169Interest-bearing balances
$20,874Securities
$0Federal funds sold & reverse repurchase agreements
$74,969Net loans & leases
$592Loan loss allowance
$0Trading account assets
$2,063Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,338All other assets
$109,137Total liabilities and capital
$101,136Total liabilities
$100,235Total deposits
$95,102Interest-bearing deposits
$100,235Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$635Other borrowed funds
$0Subordinated debt
$266All other liabilities
$8,001Total equity capital
$8,001Total bank equity capital
$8,001Perpetual preferred stock
$0Common stock
$10Surplus
$3,538Undivided profits
Memoranda
$4,453Noncurrent loans and leases
$6,305Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,131Earning assets
$0Long-term assets (5+ years)
$488Average Assets, year-to-date
$105,012Average Assets, quarterly
$0Volatile liabilities
$105,877Insider loans
$107,836FHLB advances
$19,500Loans and leases held for sale
$2,001Unused loan commitments
$447Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,305Total unused commitments
$0Restructured Loans and leases
$592Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,310Total interest income
$2,879Total interest expense
$3,431Net interest income
$98Provision for loan and lease losses
$222Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$3,226Total noninterest expense
$1,978Salaries and employee benefits
$660Premises and equipment expense
$588Additional noninterest expense
$329Pre-tax net operating income
$5Securities gains (losses)
$135Applicable income taxes
$199Income before extraordinary items
$0Extraordinary gains - net
$199Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$72Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.21%Yield on earning assets
2.83%Cost of funding earning assets
3.37%Net interest margin
0.22%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
0.18%Net operating income to assets
0.19%Return on assets (ROA)
0.32%Pretax return on assets
2.54%Return on equity (ROE)
2.54%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
136.11%Credit loss provision to net charge-offs
5.93%Efficiency ratio
88,311Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
52.34%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
1.50%Net loans and leases to deposits
74.79%Net loans and leases to core deposits
92.13%Equity capital to assets
7.33%Core capital (leverage) ratio
7.68%Tier 1 risk-based capital ratio
12.68%Total risk-based capital ratio
Memoranda
$14Average assets
$105,877Average earning assets
$7,838Average equity
$101,659Average loans
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