FDIC Certificate #: 27529 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Jefferson Bank (#21800) Federal Reserve ID: 1392999 Date Established: June 05, 1989 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 9474 FDIC's unique #: 40262 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: June 05, 1989 Last Structure Change Effective Date: July 31, 1998 Last Structure Change Process Date: September 02, 1998 Last Data Update: September 02, 1998 Data Source Date: April 05, 2012
Location
Address: 1430 Walnut Street, Philadelphia, PA 19102 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: $248.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
32Total employees (full-time equivalent)
$225,528Total assets
$2,378Cash and due from depository institutions
$35Interest-bearing balances
$120,957Securities
$3,001Federal funds sold & reverse repurchase agreements
$93,684Net loans & leases
$1,367Loan loss allowance
$0Trading account assets
$529Bank premises and fixed assets
$30Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,949All other assets
$225,528Total liabilities and capital
$204,672Total liabilities
$151,997Total deposits
$140,591Interest-bearing deposits
$151,997Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,193Other borrowed funds
$0Subordinated debt
$4,482All other liabilities
$20,856Total equity capital
$20,856Total bank equity capital
$20,856Perpetual preferred stock
$0Common stock
$1,275Surplus
$21,063Undivided profits
Memoranda
$-1,482Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$506Earning assets
$0Long-term assets (5+ years)
$633Average Assets, year-to-date
$217,677Average Assets, quarterly
$125,182Volatile liabilities
$211,672Insider loans
$226,105FHLB advances
$25,037Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,000Total unused commitments
$0Restructured Loans and leases
$125,982Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$16,253Total interest income
$10,017Total interest expense
$6,236Net interest income
$100Provision for loan and lease losses
$739Total noninterest income
$0Fiduciary activities
$119Service charges on deposit accounts
$0Trading account gains & fees
$620Additional noninterest income
$7,123Total noninterest expense
$2,765Salaries and employee benefits
$651Premises and equipment expense
$3,707Additional noninterest expense
-$248Pre-tax net operating income
$72Securities gains (losses)
-$1,375Applicable income taxes
$1,199Income before extraordinary items
$0Extraordinary gains - net
$1,199Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,793Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
4.94%Cost of funding earning assets
3.07%Net interest margin
0.36%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
0.54%Net operating income to assets
0.57%Return on assets (ROA)
-0.08%Pretax return on assets
7.25%Return on equity (ROE)
7.25%Retained earnings to average equity (YTD only)
2.15%Net charge-offs to loans
5.58%Credit loss provision to net charge-offs
-0.08%Efficiency ratio
102,122Assets per employee
7.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
270.16%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.53%Net loans and leases to deposits
61.64%Net loans and leases to core deposits
66.46%Equity capital to assets
9.25%Core capital (leverage) ratio
9.53%Tier 1 risk-based capital ratio
16.61%Total risk-based capital ratio
Memoranda
$18Average assets
$211,672Average earning assets
$16,547Average equity
$202,971Average loans
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