FDIC Certificate #: 31862 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers and Mechanics Bank (#28435) Federal Reserve ID: 69173 Date Established: January 01, 1861 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7545 FDIC's unique #: 44696 Numeric code: 33 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: April 12, 1977 Last Structure Change Effective Date: June 01, 2001 Last Structure Change Process Date: June 27, 2001 Last Data Update: June 27, 2001 Data Source Date: April 05, 2012
Location
Address: Rt 130 & Merchantville Avenue, Pennsauken, NJ 8110 County: Camden Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Jamesburg 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: Camden, NJ (#15804)
Financial Summary
Total assets: $29.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
17Total employees (full-time equivalent)
$29,570Total assets
$839Cash and due from depository institutions
$266Interest-bearing balances
$1,751Securities
$0Federal funds sold & reverse repurchase agreements
$25,342Net loans & leases
$72Loan loss allowance
$0Trading account assets
$658Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$980All other assets
$29,572Total liabilities and capital
$28,381Total liabilities
$26,340Total deposits
$22,904Interest-bearing deposits
$26,340Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,025Other borrowed funds
$0Subordinated debt
$16All other liabilities
$1,191Total equity capital
$1,191Total bank equity capital
$1,191Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$1,191Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$269Earning assets
$0Long-term assets (5+ years)
$150Average Assets, year-to-date
$27,359Average Assets, quarterly
$0Volatile liabilities
$29,823Insider loans
$29,883FHLB advances
$4,929Loans and leases held for sale
$0Unused loan commitments
$2,025Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$72Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,058Total interest income
$1,079Total interest expense
$979Net interest income
$12Provision for loan and lease losses
$270Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$270Additional noninterest income
$1,451Total noninterest expense
$723Salaries and employee benefits
$347Premises and equipment expense
$381Additional noninterest expense
-$214Pre-tax net operating income
$0Securities gains (losses)
-$50Applicable income taxes
-$164Income before extraordinary items
$0Extraordinary gains - net
-$164Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.57%Yield on earning assets
3.97%Cost of funding earning assets
3.60%Net interest margin
0.99%Noninterest income to earning assets
5.33%Noninterest expense to earning assets
-0.55%Net operating income to assets
-0.55%Return on assets (ROA)
-0.72%Pretax return on assets
-13.13%Return on equity (ROE)
-13.13%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
600.00%Credit loss provision to net charge-offs
-101.00%Efficiency ratio
116,173Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.28%Loss allowance to noncurrent loans
26.77%Noncurrent assets plus other real estate owned to assets
0.91%Noncurrent loans to loans
1.06%Net loans and leases to deposits
96.21%Net loans and leases to core deposits
108.13%Equity capital to assets
4.03%Core capital (leverage) ratio
2.75%Tier 1 risk-based capital ratio
4.69%Total risk-based capital ratio
Memoranda
$5Average assets
$29,823Average earning assets
$1,249Average equity
$27,198Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cloverbank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: