The Elverson National Bank in Elverson, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 04, 1999

  • The Elverson National Bank in Elverson, Pennsylvania (PA)
  • Show street view No street view available for this location

The Elverson National Bank - Overview

  • General
  • FDIC Certificate #: 7490
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National Penn Bank (#7414)
    Federal Reserve ID: 547112
    Date Established: January 01, 1915
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 10147
    FDIC's unique #: 4863
    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: January 01, 1934
    Last Structure Change Effective Date: January 04, 1999
    Last Structure Change Process Date: Febuary 26, 1999
    Last Data Update: Febuary 26, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 23, Elverson, PA 19520
    County: Chester
    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: $324.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $324,654Total assets
  • $30,700Cash and due from depository institutions
  • $22,250Interest-bearing balances
  • $101,303Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,299Net loans & leases
  • $3,489Loan loss allowance
  • $0Trading account assets
  • $4,359Bank premises and fixed assets
  • $452Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,541All other assets
  • $324,654Total liabilities and capital
  • $296,337Total liabilities
  • $265,387Total deposits
  • $217,659Interest-bearing deposits
  • $265,387Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,722Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,149Other borrowed funds
  • $0Subordinated debt
  • $2,079All other liabilities
  • $28,317Total equity capital
  • $28,317Total bank equity capital
  • $28,317Perpetual preferred stock
  • $0Common stock
  • $3,253Surplus
  • $17,681Undivided profits
  • Memoranda
  • $7,383Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,642Earning assets
  • $0Long-term assets (5+ years)
  • $792Average Assets, year-to-date
  • $307,852Average Assets, quarterly
  • $68,555Volatile liabilities
  • $300,342Insider loans
  • $319,096FHLB advances
  • $46,050Loans and leases held for sale
  • $2,215Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $144Total risk weighted assets
  • $42,615Total unused commitments
  • $0Restructured Loans and leases
  • $206,261Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $22,409Total interest income
  • $9,843Total interest expense
  • $12,566Net interest income
  • $860Provision for loan and lease losses
  • $1,706Total noninterest income
  • $0Fiduciary activities
  • $809Service charges on deposit accounts
  • $0Trading account gains & fees
  • $897Additional noninterest income
  • $9,949Total noninterest expense
  • $5,003Salaries and employee benefits
  • $1,744Premises and equipment expense
  • $3,202Additional noninterest expense
  • $3,463Pre-tax net operating income
  • $17Securities gains (losses)
  • $1,045Applicable income taxes
  • $2,435Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,435Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $716Sale, conversion, retirement of capital stock, net
  • $616Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 3.49%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 6.66%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 120.11%Credit loss provision to net charge-offs
  • 6.04%Efficiency ratio
  • 69,710Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.30%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 212.48%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 69.45%Net loans and leases to core deposits
  • 74.30%Equity capital to assets
  • 8.72%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 13.50%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $300,342Average earning assets
  • $27,328Average equity
  • $281,719Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Elverson National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents