FDIC Certificate #: 27568 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:VIST Bank (#7748) Federal Reserve ID: 1399916 Date Established: August 16, 1989 WWW:http://www.madisonbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 10 (Interstate: No) OTS Docket #: 10098 FDIC's unique #: 40352 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: August 16, 1989 Last Structure Change Effective Date: October 01, 2004 Last Structure Change Process Date: January 25, 2005 Last Data Update: January 25, 2005 Data Source Date: April 05, 2012
Location
Address: 1767 Sentry Park West, Blue Bell, PA 19422 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)
Financial Summary
Total assets: $216.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
117Total employees (full-time equivalent)
$208,672Total assets
$11,960Cash and due from depository institutions
$3,000Interest-bearing balances
$15,557Securities
$0Federal funds sold & reverse repurchase agreements
$175,466Net loans & leases
$1,212Loan loss allowance
$0Trading account assets
$2,621Bank premises and fixed assets
$133Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,935All other assets
$208,672Total liabilities and capital
$190,571Total liabilities
$184,355Total deposits
$143,965Interest-bearing deposits
$184,355Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$1,216All other liabilities
$18,101Total equity capital
$18,101Total bank equity capital
$18,101Perpetual preferred stock
$0Common stock
$588Surplus
$10,192Undivided profits
Memoranda
$7,321Noncurrent loans and leases
$35,384Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,510Earning assets
$0Long-term assets (5+ years)
$900Average Assets, year-to-date
$194,023Average Assets, quarterly
$19,474Volatile liabilities
$210,799Insider loans
$210,124FHLB advances
$44,259Loans and leases held for sale
$9,088Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,720Total risk weighted assets
$35,384Total unused commitments
$254Restructured Loans and leases
$1,212Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$13,104Total interest income
$3,362Total interest expense
$9,742Net interest income
$520Provision for loan and lease losses
$8,717Total noninterest income
$0Fiduciary activities
$796Service charges on deposit accounts
$0Trading account gains & fees
$7,921Additional noninterest income
$15,118Total noninterest expense
$9,462Salaries and employee benefits
$2,336Premises and equipment expense
$3,320Additional noninterest expense
$2,821Pre-tax net operating income
$77Securities gains (losses)
$907Applicable income taxes
$1,991Income before extraordinary items
$0Extraordinary gains - net
$1,991Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$491Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.68%Yield on earning assets
1.71%Cost of funding earning assets
4.97%Net interest margin
4.44%Noninterest income to earning assets
7.71%Noninterest expense to earning assets
0.92%Net operating income to assets
0.94%Return on assets (ROA)
1.37%Pretax return on assets
11.51%Return on equity (ROE)
9.20%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
105.91%Credit loss provision to net charge-offs
6.80%Efficiency ratio
81,900Assets per employee
1.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.09%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
34.53%Noncurrent assets plus other real estate owned to assets
1.75%Noncurrent loans to loans
1.99%Net loans and leases to deposits
95.18%Net loans and leases to core deposits
120.93%Equity capital to assets
8.67%Core capital (leverage) ratio
8.66%Tier 1 risk-based capital ratio
11.82%Total risk-based capital ratio
Memoranda
$13Average assets
$210,799Average earning assets
$17,294Average equity
$196,176Average loans
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