East River Bank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


East River Bank - Overview

  • General
  • FDIC Certificate #: 58171
    Status: Active
    Federal Reserve ID: 3396535
    Date Established: January 23, 2006
    WWW: http://www.eastriverbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 441107
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 23, 2006
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4341 Ridge Avenue, Philadelphia, PA 19129
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $222.9 mil
    Equity capital: $22.1 mil
    Deposits held in domestic offices: $186.7 mil
    Return on assets (ROA): 0.43% ($1.0 mil)
    Quarterly return on assets: 0.43% ($1.0 mil)
    Return on Equity (ROE): 4.55% ($1.0 mil)
    Quarterly return on equity: 4.54% ($1.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.68% ($1,515.7 mil)
    Quarterly Pretax return on assets: 0.61% ($1,359.6 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, 2011)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $222,892Total assets
  • $15,400Cash and due from depository institutions
  • $8,111Interest-bearing balances
  • $32,789Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $169,777Net loans & leases
  • $2,107Loan loss allowance
  • $0Trading account assets
  • $665Bank premises and fixed assets
  • $361Other real estate owned
  • $98Goodwill and other intangibles
  • $222,892Life insurance assets
  • $3,802All other assets
  • $200,819Total liabilities and capital
  • $186,709Total liabilities
  • $176,824Total deposits
  • $186,709Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,700Trading liabilities
  • $0Other borrowed funds
  • $410Subordinated debt
  • $22,073All other liabilities
  • $22,073Total equity capital
  • $22,073Total bank equity capital
  • $0Perpetual preferred stock
  • $234Common stock
  • $22,508Surplus
  • $-669Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,662Income earned, not collected on loans
  • $0Earning assets
  • $920Long-term assets (5+ years)
  • $210,677Average Assets, year-to-date
  • $62,074Average Assets, quarterly
  • $226,808Volatile liabilities
  • $229,075Insider loans
  • $127,878FHLB advances
  • $230,592Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,010Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,321Restructured Loans and leases
  • $354Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,576Total interest income
  • $3,140Total interest expense
  • $8,436Net interest income
  • $1,229Provision for loan and lease losses
  • $194Total noninterest income
  • $0Fiduciary activities
  • $56Service charges on deposit accounts
  • $0Trading account gains & fees
  • $138Additional noninterest income
  • $5,912Total noninterest expense
  • $2,890Salaries and employee benefits
  • $617Premises and equipment expense
  • $2,405Additional noninterest expense
  • $1,489Pre-tax net operating income
  • $33Securities gains (losses)
  • $572Applicable income taxes
  • $950Income before extraordinary items
  • $0Extraordinary gains - net
  • $978Net income attributable to bank
  • -$28Net charge-offs
  • $950Cash dividends
  • $1,722Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 4.55%Return on equity (ROE)
  • 4.55%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 71.37%Credit loss provision to net charge-offs
  • 1.58%Efficiency ratio
  • 68,505Assets per employee
  • 5.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 57.54%Noncurrent assets plus other real estate owned to assets
  • 1.80%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 90.93%Net loans and leases to core deposits
  • 96.42%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 17.21%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $226,808Average earning assets
  • $21,485Average equity
  • $214,265Average loans

List of branches

  • 3 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441107East River Bank4341 Ridge Avenue, Philadelphia, PA 19129January 23, 2006Full Service Brick and Mortar
    1454541Roxborough Branch6137 Ridge Avenue, Philadelphia, PA 19128August 07, 2006Full Service Brick and Mortar
    2462254Courier Service4341 Ridge Avenue, Philadelphia, PA 19129March 05, 2007Limited Service Messenger

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with East River Bank.
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.
Table of Contents