First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 11, 1994

  • First Fidelity Bank, National Association, Pennsylvania in Salem, New Jersey (NJ)
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First Fidelity Bank, National Association, Pennsylvania - Overview

  • General
  • FDIC Certificate #: 7436
    Status: Inactive
    Closing history: Change NONGEOFLDOFF from Default
    Acquiring institution: Wachovia Bank, National Association (#33869)
    Federal Reserve ID: 355214
    Date Established: January 01, 1814
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 199 (Interstate: No)
    FDIC's unique #: 4840
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 11, 1994
    Last Structure Change Process Date: January 12, 1994
    Last Data Update: January 12, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 175 West Broadway, Salem, NJ 8079
    County: Salem
    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: Wilmington, DE-MD-NJ (#48864)
  • History of Changes
  • Consolidated - Without Assistance
    Change NONGEOFLDOFF from Default
  • Financial Summary
  • Total assets: $9,376.6 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)
  • $3,995Total assets
  • $9,376,624Cash and due from depository institutions
  • $1,009,319Interest-bearing balances
  • $492,390Securities
  • $1,704,281Federal funds sold & reverse repurchase agreements
  • $114,000Net loans & leases
  • $6,095,884Loan loss allowance
  • $194,705Trading account assets
  • $0Bank premises and fixed assets
  • $128,967Other real estate owned
  • $40,079Goodwill and other intangibles
  • $264,169Life insurance assets
  • $19,925All other assets
  • $0Total liabilities and capital
  • $9,376,624Total liabilities
  • $8,478,871Total deposits
  • $7,183,704Interest-bearing deposits
  • $5,910,230Deposits held in domestic offices
  • 6977995.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $950,776Trading liabilities
  • $0Other borrowed funds
  • $4,439Subordinated debt
  • $75,000All other liabilities
  • $264,952Total equity capital
  • $264,952Total bank equity capital
  • $897,753Perpetual preferred stock
  • $0Common stock
  • $141,434Surplus
  • $258,288Undivided profits
  • Memoranda
  • $498,031Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $152,972Income earned, not collected on loans
  • $35,256Earning assets
  • $8,406,555Long-term assets (5+ years)
  • $2,369,376Average Assets, year-to-date
  • $9,899,385Average Assets, quarterly
  • $9,520,834Volatile liabilities
  • $1,345,554Insider loans
  • $120,886FHLB advances
  • $0Loans and leases held for sale
  • $2,114Unused loan commitments
  • $933,041Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $866,835Total risk weighted assets
  • $6,516,903Total unused commitments
  • $0Restructured Loans and leases
  • $3,841,936Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $668,186Total interest expense
  • $214,262Net interest income
  • $453,924Provision for loan and lease losses
  • $28,024Total noninterest income
  • $119,910Fiduciary activities
  • $42,246Service charges on deposit accounts
  • $39,785Trading account gains & fees
  • $1,304Additional noninterest income
  • $36,575Total noninterest expense
  • $326,650Salaries and employee benefits
  • $140,148Premises and equipment expense
  • $41,983Additional noninterest expense
  • $144,519Pre-tax net operating income
  • $219,160Securities gains (losses)
  • $724Applicable income taxes
  • $66,578Income before extraordinary items
  • $153,306Extraordinary gains - net
  • $8,407Net income attributable to bank
  • $161,713Net charge-offs
  • $69,967Cash dividends
  • $141,200Sale, 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
  • 7.48%Cost of funding earning assets
  • 2.40%Net interest margin
  • 5.08%Noninterest income to earning assets
  • 1.34%Noninterest expense to earning assets
  • 3.66%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 2.31%Return on equity (ROE)
  • 18.39%Retained earnings to average equity (YTD only)
  • 2.33%Net charge-offs to loans
  • 1.11%Credit loss provision to net charge-offs
  • 40.05%Efficiency ratio
  • 56,436Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.32%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 127.28%Noncurrent assets plus other real estate owned to assets
  • 2.06%Noncurrent loans to loans
  • 2.43%Net loans and leases to deposits
  • 84.86%Net loans and leases to core deposits
  • 89.78%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 13.30%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $9,899,385Average earning assets
  • $879,276Average equity
  • $8,934,678Average loans

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