Prime Bank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 1997

  • Prime Bank in Philadelphia, Pennsylvania (PA)
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Prime Bank - Overview

  • General
  • FDIC Certificate #: 32625
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prime Bank (#27261)
    Federal Reserve ID: 489575
    Date Established: November 14, 1988
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 8542
    FDIC's unique #: 45459
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 14, 1988
    Last Structure Change Effective Date: October 02, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 6425 Rising Sun Avenue, Philadelphia, PA 19111
    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: $704.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $216Total assets
  • $676,615Cash and due from depository institutions
  • $28,984Interest-bearing balances
  • $4,668Securities
  • $176,285Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $435,518Loan loss allowance
  • $4,458Trading account assets
  • $0Bank premises and fixed assets
  • $9,413Other real estate owned
  • $9,538Goodwill and other intangibles
  • $13,101Life insurance assets
  • $3,776All other assets
  • $0Total liabilities and capital
  • $676,615Total liabilities
  • $629,700Total deposits
  • $557,781Interest-bearing deposits
  • $480,360Deposits held in domestic offices
  • 557781.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $51,584Trading liabilities
  • $0Other borrowed funds
  • $17,000Subordinated debt
  • $0All other liabilities
  • $3,335Total equity capital
  • $3,335Total bank equity capital
  • $46,915Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $48,003Undivided profits
  • Memoranda
  • $-1,089Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,199Income earned, not collected on loans
  • $3,202Earning assets
  • $616,471Long-term assets (5+ years)
  • $104,032Average Assets, year-to-date
  • $627,269Average Assets, quarterly
  • $667,936Volatile liabilities
  • $130,947Insider loans
  • $1,385FHLB advances
  • $0Loans and leases held for sale
  • $49Unused loan commitments
  • $95,979Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $44,567Total risk weighted assets
  • $446,601Total unused commitments
  • $0Restructured Loans and leases
  • $20,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $46,459Total interest expense
  • $22,739Net interest income
  • $23,720Provision for loan and lease losses
  • $2,930Total noninterest income
  • $2,288Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,627Trading account gains & fees
  • $0Additional noninterest income
  • $661Total noninterest expense
  • $18,987Salaries and employee benefits
  • $7,375Premises and equipment expense
  • $3,213Additional noninterest expense
  • $8,399Pre-tax net operating income
  • $4,091Securities gains (losses)
  • $130Applicable income taxes
  • $1,492Income before extraordinary items
  • $2,729Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,729Net charge-offs
  • $2,236Cash dividends
  • $2,100Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.08%Cost of funding earning assets
  • 3.96%Net interest margin
  • 4.13%Noninterest income to earning assets
  • 0.40%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 0.67%Return on equity (ROE)
  • 5.80%Retained earnings to average equity (YTD only)
  • 1.34%Net charge-offs to loans
  • 0.57%Credit loss provision to net charge-offs
  • 131.04%Efficiency ratio
  • 71,240Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.95%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 71.91%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 78.08%Net loans and leases to core deposits
  • 88.27%Equity capital to assets
  • 6.93%Core capital (leverage) ratio
  • 6.65%Tier 1 risk-based capital ratio
  • 9.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $627,269Average earning assets
  • $47,061Average equity
  • $574,669Average loans

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