Berkshire Bank in Wyomissing, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2011

  • Berkshire Bank in Wyomissing, Pennsylvania (PA)
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Berkshire Bank - Overview

  • General
  • FDIC Certificate #: 57492
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Customers Bank (#34444)
    Federal Reserve ID: 3115277
    Date Established: September 23, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 364280
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 23, 2003
    Last Structure Change Effective Date: September 17, 2011
    Last Structure Change Process Date: September 28, 2011
    Last Data Update: September 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1101 Woodland Road, Wyomissing, PA 19610
    County: Berks
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Reading, PA (#6680)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Reading, PA (#39740)
    CBSA Metro Statistical Area: Reading, PA (#39740)
  • Financial Summary
  • Total assets: $137.1 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
  • 45Total employees (full-time equivalent)
  • $135,191Total assets
  • $6,246Cash and due from depository institutions
  • $4,364Interest-bearing balances
  • $1,657Securities
  • $7,151Federal funds sold & reverse repurchase agreements
  • $106,356Net loans & leases
  • $1,349Loan loss allowance
  • $0Trading account assets
  • $3,870Bank premises and fixed assets
  • $4,935Other real estate owned
  • $80Goodwill and other intangibles
  • $2,431Life insurance assets
  • $4,896All other assets
  • $135,191Total liabilities and capital
  • $124,749Total liabilities
  • $123,253Total deposits
  • $116,280Interest-bearing deposits
  • $123,253Deposits held in domestic offices
  • 96.75%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $764Other borrowed funds
  • $0Subordinated debt
  • $732All other liabilities
  • $10,442Total equity capital
  • $10,442Total bank equity capital
  • $10,442Perpetual preferred stock
  • $0Common stock
  • $1,707Surplus
  • $16,007Undivided profits
  • Memoranda
  • $-7,272Noncurrent loans and leases
  • $8,596Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,974Earning assets
  • $0Long-term assets (5+ years)
  • $426Average Assets, year-to-date
  • $119,528Average Assets, quarterly
  • $59,693Volatile liabilities
  • $142,988Insider loans
  • $137,537FHLB advances
  • $13,300Loans and leases held for sale
  • $2,824Unused loan commitments
  • $764Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $574Total risk weighted assets
  • $8,596Total unused commitments
  • $1,363Restructured Loans and leases
  • $1,353Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,811Total interest income
  • $2,055Total interest expense
  • $4,756Net interest income
  • $671Provision for loan and lease losses
  • $743Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $700Additional noninterest income
  • $6,116Total noninterest expense
  • $2,248Salaries and employee benefits
  • $1,114Premises and equipment expense
  • $2,754Additional noninterest expense
  • -$1,288Pre-tax net operating income
  • $62Securities gains (losses)
  • $0Applicable income taxes
  • -$1,226Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,226Net income attributable to bank
  • $0Net charge-offs
  • -$1,226Cash dividends
  • $977Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 4.78%Noninterest expense to earning assets
  • -0.90%Net operating income to assets
  • -0.86%Return on assets (ROA)
  • -0.86%Pretax return on assets
  • -10.75%Return on equity (ROE)
  • -10.75%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 68.68%Credit loss provision to net charge-offs
  • -0.63%Efficiency ratio
  • 103,619Assets per employee
  • 3.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 68.34%Noncurrent assets plus other real estate owned to assets
  • 5.11%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 86.29%Net loans and leases to core deposits
  • 96.73%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 9.64%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $142,988Average earning assets
  • $11,400Average equity
  • $127,991Average loans

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