FDIC Certificate #: 28342 Status: Inactive Closing history: Office Sold Acquiring institution:Citizens Bank of Pennsylvania (#57282) Federal Reserve ID: 61971 Date Established: January 01, 1917 WWW:http://www.rmbgo.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1402 FDIC's unique #: 41176 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: June 05, 1936 Last Structure Change Effective Date: January 05, 2004 Last Structure Change Process Date: January 21, 2004 Last Data Update: January 21, 2004 Data Source Date: April 05, 2012
Location
Address: 6060 Ridge Avenue, Philadelphia, PA 19128 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)
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $855.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
154Total employees (full-time equivalent)
$855,822Total assets
$117,246Cash and due from depository institutions
$104,251Interest-bearing balances
$338,490Securities
$0Federal funds sold & reverse repurchase agreements
$346,684Net loans & leases
$3,282Loan loss allowance
$0Trading account assets
$7,609Bank premises and fixed assets
$421Other real estate owned
$7,754Goodwill and other intangibles
$0Life insurance assets
$37,618All other assets
$855,822Total liabilities and capital
$791,986Total liabilities
$597,675Total deposits
$597,675Interest-bearing deposits
$597,675Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$186,604Other borrowed funds
$0Subordinated debt
$7,707All other liabilities
$63,836Total equity capital
$63,836Total bank equity capital
$63,836Perpetual preferred stock
$0Common stock
$10Surplus
$57,426Undivided profits
Memoranda
$6,400Noncurrent loans and leases
$92,788Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$242Earning assets
$0Long-term assets (5+ years)
$1,857Average Assets, year-to-date
$789,425Average Assets, quarterly
$0Volatile liabilities
$818,668Insider loans
$837,594FHLB advances
$372,336Loans and leases held for sale
$2,978Unused loan commitments
$181,884Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$92,788Total unused commitments
$160Restructured Loans and leases
$3,282Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$38,749Total interest income
$22,309Total interest expense
$16,440Net interest income
$1,158Provision for loan and lease losses
$2,552Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,552Additional noninterest income
$18,720Total noninterest expense
$11,852Salaries and employee benefits
$3,317Premises and equipment expense
$3,551Additional noninterest expense
-$886Pre-tax net operating income
$4,176Securities gains (losses)
$316Applicable income taxes
$2,974Income before extraordinary items
$0Extraordinary gains - net
$2,974Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$91Sale, conversion, retirement of capital stock, net
$2,250Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
2.94%Cost of funding earning assets
2.17%Net interest margin
0.34%Noninterest income to earning assets
2.47%Noninterest expense to earning assets
-0.10%Net operating income to assets
0.36%Return on assets (ROA)
0.40%Pretax return on assets
4.44%Return on equity (ROE)
1.08%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
1272.53%Credit loss provision to net charge-offs
2.99%Efficiency ratio
98,568Assets per employee
5.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.66%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
1356.20%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.07%Net loans and leases to deposits
58.01%Net loans and leases to core deposits
84.16%Equity capital to assets
7.46%Core capital (leverage) ratio
6.62%Tier 1 risk-based capital ratio
11.91%Total risk-based capital ratio
Memoranda
$13Average assets
$818,668Average earning assets
$66,961Average equity
$757,532Average loans
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