FDIC Certificate #: 26189 Status: Active Federal Reserve ID: 17110 Bank Holding Company (Regulatory Top Holder): Drexel Morgan & Co. (RSSDID: 4046640, Location: Radnor, PA) Date Established: Febuary 01, 1985 WWW:http://www.haverfordquality.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 32480 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: April 01, 1987 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: Three Radnor Corporate Center, Suite 450, Radnor, PA 19087 County: Delaware 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $107.7 mil Equity capital: $18.7 mil Deposits held in domestic offices: $86.5 mil Return on assets (ROA): 2.75% ($3.0 mil) Quarterly return on assets: 1.42% ($1.5 mil) Return on Equity (ROE): 15.87% ($3.0 mil) Quarterly return on equity: 7.84% ($1.5 mil) Net income: $2.9 mil Quarterly Net income: $0.4 mil Pretax return on assets: 2.75% ($2,962.3 mil) Quarterly Pretax return on assets: 1.42% ($1,529.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
66Total employees (full-time equivalent)
$107,720Total assets
$16,930Cash and due from depository institutions
$12,651Interest-bearing balances
$23,384Securities
$0Federal funds sold & reverse repurchase agreements
$63,154Net loans & leases
$279Loan loss allowance
$0Trading account assets
$1,424Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$107,720Life insurance assets
$2,828All other assets
$89,051Total liabilities and capital
$86,533Total liabilities
$86,533Total deposits
$86,533Interest-bearing deposits
$67Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,518Subordinated debt
$18,669All other liabilities
$18,669Total equity capital
$18,669Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$6,986Surplus
$11,383Undivided 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
$92Long-term assets (5+ years)
$99,189Average Assets, year-to-date
$0Average Assets, quarterly
$107,058Volatile liabilities
$105,143Insider loans
$103,891FHLB advances
$104,960Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,669Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$44,888Restructured Loans and leases
$2,865Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,852Total interest income
$498Total interest expense
$2,354Net interest income
-$440Provision for loan and lease losses
$18,240Total noninterest income
$17,083Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,157Additional noninterest income
$18,094Total noninterest expense
$11,248Salaries and employee benefits
$1,296Premises and equipment expense
$5,550Additional noninterest expense
$2,940Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$2,940Income before extraordinary items
$0Extraordinary gains - net
$2,940Net income attributable to bank
$0Net charge-offs
$2,940Cash dividends
-$400Sale, conversion, retirement of capital stock, net
$1,500Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.90%Yield on earning assets
0.51%Cost of funding earning assets
2.39%Net interest margin
18.55%Noninterest income to earning assets
18.40%Noninterest expense to earning assets
2.75%Net operating income to assets
2.75%Return on assets (ROA)
2.75%Pretax return on assets
15.87%Return on equity (ROE)
7.77%Retained earnings to average equity (YTD only)
-0.57%Net charge-offs to loans
110.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
87,861Assets per employee
1.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.02%Loss allowance to loans
0.44%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
72.98%Net loans and leases to core deposits
143.20%Equity capital to assets
17.33%Core capital (leverage) ratio
17.79%Tier 1 risk-based capital ratio
17.97%Total risk-based capital ratio
Memoranda
$18Average assets
$107,058Average earning assets
$18,531Average equity
$98,310Average 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
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