FDIC Certificate #: 29133 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Advance Bank (#31372) Federal Reserve ID: 634571 Date Established: January 01, 1888 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2967 FDIC's unique #: 41967 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: June 03, 1941 Last Structure Change Effective Date: June 06, 2003 Last Structure Change Process Date: July 10, 2003 Last Data Update: July 10, 2003 Data Source Date: April 05, 2012
Location
Address: 5228 Chestnut Street, Philadelphia, PA 19139 County: Philadelphia 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: $49.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$51,012Total assets
$7,579Cash and due from depository institutions
$6,598Interest-bearing balances
$13,636Securities
$0Federal funds sold & reverse repurchase agreements
$27,547Net loans & leases
$313Loan loss allowance
$0Trading account assets
$1,283Bank premises and fixed assets
$136Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$831All other assets
$51,012Total liabilities and capital
$48,708Total liabilities
$48,292Total deposits
$48,292Interest-bearing deposits
$48,292Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$416All other liabilities
$2,304Total equity capital
$2,304Total bank equity capital
$2,304Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,304Noncurrent loans and leases
$55Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,323Earning assets
$0Long-term assets (5+ years)
$446Average Assets, year-to-date
$47,781Average Assets, quarterly
$0Volatile liabilities
$58,243Insider loans
$51,903FHLB advances
$11,147Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$55Total unused commitments
$0Restructured Loans and leases
$287Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,096Total interest income
$1,706Total interest expense
$1,390Net interest income
-$13Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$401Additional noninterest income
$2,235Total noninterest expense
$702Salaries and employee benefits
$505Premises and equipment expense
$1,028Additional noninterest expense
-$431Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
-$436Income before extraordinary items
$0Extraordinary gains - net
-$436Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$102Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
3.22%Cost of funding earning assets
2.63%Net interest margin
0.76%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
-0.75%Net operating income to assets
-0.75%Return on assets (ROA)
-0.74%Pretax return on assets
-17.93%Return on equity (ROE)
-17.93%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
-12.75%Credit loss provision to net charge-offs
-4.35%Efficiency ratio
124,791Assets per employee
4.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
23.66%Noncurrent assets plus other real estate owned to assets
I have 2 CD s from this bank and I know it was a FDIC bank but where do I cash in these CD
right now? I acquired them in the late nineties, can someone help me with this? Dawn Faust
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right now? I acquired them in the late nineties, can someone help me with this? Dawn Faust