FDIC Certificate #: 33914 Status: Inactive Federal Reserve ID: 2218582 Date Established: July 01, 1994 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 12021 FDIC's unique #: 54770 Numeric code: 35 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1994 Last Structure Change Effective Date: June 30, 2003 Last Structure Change Process Date: July 22, 2003 Last Data Update: July 22, 2003 Data Source Date: April 05, 2012
Location
Address: 1125 Virginia Drive, Fort Washington, PA 19034 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
Other Liquidations and Closings
Financial Summary
Total assets: $28.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
1Total employees (full-time equivalent)
$61,736Total assets
$269Cash and due from depository institutions
$0Interest-bearing balances
$17,270Securities
$42,626Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,571All other assets
$61,736Total liabilities and capital
$34,404Total liabilities
$34,235Total deposits
$33,531Interest-bearing deposits
$34,235Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$169All other liabilities
$27,332Total equity capital
$27,332Total bank equity capital
$27,332Perpetual preferred stock
$0Common stock
$3,300Surplus
$13,700Undivided profits
Memoranda
$10,332Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$110Average Assets, year-to-date
$59,896Average Assets, quarterly
$0Volatile liabilities
$97,339Insider loans
$98,744FHLB advances
$132Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,472Total interest income
$1,942Total interest expense
$530Net interest income
$0Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$41Additional noninterest income
$229Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$229Additional noninterest expense
$342Pre-tax net operating income
-$65Securities gains (losses)
$32Applicable income taxes
$245Income before extraordinary items
$0Extraordinary gains - net
$245Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.58%Yield on earning assets
2.02%Cost of funding earning assets
0.55%Net interest margin
0.04%Noninterest income to earning assets
0.24%Noninterest expense to earning assets
0.31%Net operating income to assets
0.25%Return on assets (ROA)
0.28%Pretax return on assets
0.90%Return on equity (ROE)
0.90%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
40,105Assets per employee
61.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%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
44.27%Core capital (leverage) ratio
44.21%Tier 1 risk-based capital ratio
182.76%Total risk-based capital ratio
Memoranda
$183Average assets
$97,339Average earning assets
$27,255Average equity
$95,908Average loans
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