FDIC Certificate #: 35388 Status: Active Federal Reserve ID: 2973386 Date Established: January 02, 2001 WWW:http://www.seic.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16509 FDIC's unique #: 78856 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 02, 2001 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 1 Freedom Valley Dr, Oaks, PA 19456 County: Montgomery 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
Change in Primary Regulatory Agency
Financial Summary
Total assets: $108.9 mil Equity capital: $97.6 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 15.09% ($16.4 mil) Quarterly return on assets: 13.71% ($14.9 mil) Return on Equity (ROE): 16.79% ($16.5 mil) Quarterly return on equity: 15.16% ($14.9 mil) Net income: $16.9 mil Quarterly Net income: $3.9 mil Pretax return on assets: 24.56% ($26,741.2 mil) Quarterly Pretax return on assets: 22.11% ($24,073.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
410Total employees (full-time equivalent)
$108,881Total assets
$8,236Cash and due from depository institutions
$0Interest-bearing balances
$76,617Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$6Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$108,881Life insurance assets
$24,022All other assets
$11,329Total liabilities and capital
$500Total liabilities
$0Total deposits
$500Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$10,829Subordinated debt
$97,552All other liabilities
$97,552Total equity capital
$97,552Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$4,702Surplus
$92,350Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$131Long-term assets (5+ years)
$76,617Average Assets, year-to-date
$0Average Assets, quarterly
$111,885Volatile liabilities
$113,945Insider loans
$28,419FHLB advances
$104,487Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$94,709Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,932Total interest income
$2Total interest expense
$2,930Net interest income
$0Provision for loan and lease losses
$148,431Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$148,431Additional noninterest income
$123,845Total noninterest expense
$30,479Salaries and employee benefits
$36,006Premises and equipment expense
$57,360Additional noninterest expense
$27,516Pre-tax net operating income
-$39Securities gains (losses)
$10,596Applicable income taxes
$16,881Income before extraordinary items
$0Extraordinary gains - net
$16,881Net income attributable to bank
$0Net charge-offs
$16,881Cash dividends
$0Sale, conversion, retirement of capital stock, net
$15,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.05%Yield on earning assets
0.00%Cost of funding earning assets
4.05%Net interest margin
205.28%Noninterest income to earning assets
171.28%Noninterest expense to earning assets
15.11%Net operating income to assets
15.09%Return on assets (ROA)
24.56%Pretax return on assets
16.79%Return on equity (ROE)
1.87%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
81,821Assets per employee
0.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.86%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
89.60%Core capital (leverage) ratio
90.64%Tier 1 risk-based capital ratio
333.26%Total risk-based capital ratio
Memoranda
$333Average assets
$111,885Average earning assets
$100,521Average equity
$72,307Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
Working on a client tax return. Is this a defined benefit plan. The account number for the client is RGN700806. THe client name is Nancy Epton. Defined benefit plans are not taxable in the state of Alabama. That is why I am asking the type of plan. Thank you
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