Continental Bank in Norristown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 27, 1994

  • Continental Bank in Norristown, Pennsylvania (PA)
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Continental Bank - Overview

  • General
  • FDIC Certificate #: 475
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 177014
    Date Established: January 01, 1921
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 62 (Interstate: No)
    OTS Docket #: 8920
    FDIC's unique #: 348
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 27, 1994
    Last Structure Change Process Date: September 09, 1994
    Last Data Update: September 09, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Swede Streets, Norristown, PA 19401
    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: $3,633.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,043Total assets
  • $3,767,522Cash and due from depository institutions
  • $351,847Interest-bearing balances
  • $181,110Securities
  • $344,797Federal funds sold & reverse repurchase agreements
  • $165,000Net loans & leases
  • $2,792,874Loan loss allowance
  • $89,509Trading account assets
  • $0Bank premises and fixed assets
  • $28,658Other real estate owned
  • $16,562Goodwill and other intangibles
  • $67,659Life insurance assets
  • $125All other assets
  • $0Total liabilities and capital
  • $3,767,522Total liabilities
  • $3,474,908Total deposits
  • $3,113,606Interest-bearing deposits
  • $2,492,702Deposits held in domestic offices
  • 3113606.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $220,683Trading liabilities
  • $0Other borrowed funds
  • $95,423Subordinated debt
  • $0All other liabilities
  • $45,196Total equity capital
  • $45,196Total bank equity capital
  • $292,614Perpetual preferred stock
  • $0Common stock
  • $23,531Surplus
  • $81,260Undivided profits
  • Memoranda
  • $187,823Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $119,815Income earned, not collected on loans
  • $13,988Earning assets
  • $3,483,781Long-term assets (5+ years)
  • $610,648Average Assets, year-to-date
  • $3,741,103Average Assets, quarterly
  • $3,709,858Volatile liabilities
  • $526,816Insider loans
  • $117,345FHLB advances
  • $0Loans and leases held for sale
  • $41,366Unused loan commitments
  • $837,636Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $292,489Total risk weighted assets
  • $2,990,654Total unused commitments
  • $0Restructured Loans and leases
  • $385,131Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $237,942Total interest expense
  • $83,453Net interest income
  • $154,489Provision for loan and lease losses
  • $25,135Total noninterest income
  • $30,285Fiduciary activities
  • $6,835Service charges on deposit accounts
  • $15,638Trading account gains & fees
  • $138Additional noninterest income
  • $7,674Total noninterest expense
  • $134,911Salaries and employee benefits
  • $45,172Premises and equipment expense
  • $13,170Additional noninterest expense
  • $76,569Pre-tax net operating income
  • $24,728Securities gains (losses)
  • $341Applicable income taxes
  • $5,740Income before extraordinary items
  • $19,329Extraordinary gains - net
  • $3,296Net income attributable to bank
  • $22,625Net charge-offs
  • $43,186Cash dividends
  • $18,458Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.97%Cost of funding earning assets
  • 2.44%Net interest margin
  • 4.52%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 3.95%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 7.78%Retained earnings to average equity (YTD only)
  • 1.43%Net charge-offs to loans
  • 1.45%Credit loss provision to net charge-offs
  • 58.20%Efficiency ratio
  • 72,995Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.58%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 74.71%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 4.16%Net loans and leases to deposits
  • 89.70%Net loans and leases to core deposits
  • 96.22%Equity capital to assets
  • 7.77%Core capital (leverage) ratio
  • 7.96%Tier 1 risk-based capital ratio
  • 9.78%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $3,741,103Average earning assets
  • $290,969Average equity
  • $3,414,651Average loans

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