Abington Savings Bank in Jenkintown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2011

  • Abington Savings Bank in Jenkintown, Pennsylvania (PA)
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Abington Savings Bank - Overview

  • General
  • FDIC Certificate #: 27942
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Susquehanna Bank (#7579)
    Federal Reserve ID: 442776
    Date Established: January 01, 1867
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 22 (Interstate: No)
    OTS Docket #: 584
    FDIC's unique #: 40776
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 22, 1940
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: October 06, 2011
    Last Data Update: October 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 Old York Road, Jenkintown, PA 19046
    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: $1,156.7 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, 2010)

  • Dollar figures in thousands
  • 152Total employees (full-time equivalent)
  • $1,247,057Total assets
  • $73,330Cash and due from depository institutions
  • $55,419Interest-bearing balances
  • $374,684Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $696,443Net loans & leases
  • $4,272Loan loss allowance
  • $0Trading account assets
  • $9,752Bank premises and fixed assets
  • $23,588Other real estate owned
  • $26Goodwill and other intangibles
  • $42,745Life insurance assets
  • $69,234All other assets
  • $1,247,057Total liabilities and capital
  • $1,071,244Total liabilities
  • $924,351Total deposits
  • $847,430Interest-bearing deposits
  • $924,351Deposits held in domestic offices
  • 79.21%% insured (estimated)
  • $15,881Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $124,603Other borrowed funds
  • $0Subordinated debt
  • $6,409All other liabilities
  • $175,813Total equity capital
  • $175,813Total bank equity capital
  • $175,813Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $109,476Undivided profits
  • Memoranda
  • $66,336Noncurrent loans and leases
  • $115,244Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,037Earning assets
  • $0Long-term assets (5+ years)
  • $4,103Average Assets, year-to-date
  • $1,126,546Average Assets, quarterly
  • $512,503Volatile liabilities
  • $1,255,626Insider loans
  • $1,252,490FHLB advances
  • $261,248Loans and leases held for sale
  • $3,448Unused loan commitments
  • $109,874Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $115,244Total unused commitments
  • $8,636Restructured Loans and leases
  • $4,294Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $51,318Total interest income
  • $19,068Total interest expense
  • $32,250Net interest income
  • $977Provision for loan and lease losses
  • $3,246Total noninterest income
  • $0Fiduciary activities
  • $1,202Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,044Additional noninterest income
  • $24,223Total noninterest expense
  • $11,963Salaries and employee benefits
  • $3,292Premises and equipment expense
  • $8,968Additional noninterest expense
  • $10,296Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,566Applicable income taxes
  • $7,730Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,730Net income attributable to bank
  • $0Net charge-offs
  • $7,730Cash dividends
  • $5,795Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 2.86%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.15%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 4.50%Return on equity (ROE)
  • 4.50%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 16.86%Credit loss provision to net charge-offs
  • 1.95%Efficiency ratio
  • 68,241Assets per employee
  • 8.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.61%Loss allowance to noncurrent loans
  • 47.27%Noncurrent assets plus other real estate owned to assets
  • 2.62%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 75.34%Net loans and leases to core deposits
  • 98.94%Equity capital to assets
  • 14.10%Core capital (leverage) ratio
  • 13.84%Tier 1 risk-based capital ratio
  • 23.31%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $1,255,626Average earning assets
  • $171,950Average equity
  • $1,128,015Average loans

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