First National Bank of Chester County in West Chester, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2010

  • First National Bank of Chester County in West Chester, Pennsylvania (PA)
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First National Bank of Chester County - Overview

  • General
  • FDIC Certificate #: 7802
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: GRAYSTONE TOWER BANK (#58166)
    Federal Reserve ID: 23812
    Date Established: December 10, 1863
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 24 (Interstate: No)
    OTS Docket #: 10148
    FDIC's unique #: 5030
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 10, 2010
    Last Structure Change Process Date: January 11, 2011
    Last Data Update: January 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 9 North High Street, West Chester, PA 19380
    County: Chester
    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: $1,134.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)

  • Dollar figures in thousands
  • 601Total employees (full-time equivalent)
  • $1,375,160Total assets
  • $144,960Cash and due from depository institutions
  • $124,107Interest-bearing balances
  • $71,443Securities
  • $1,721Federal funds sold & reverse repurchase agreements
  • $1,081,430Net loans & leases
  • $23,217Loan loss allowance
  • $0Trading account assets
  • $22,469Bank premises and fixed assets
  • $3,692Other real estate owned
  • $759Goodwill and other intangibles
  • $1,474Life insurance assets
  • $48,686All other assets
  • $1,375,160Total liabilities and capital
  • $1,272,939Total liabilities
  • $1,112,712Total deposits
  • $1,027,092Interest-bearing deposits
  • $1,112,712Deposits held in domestic offices
  • 73.31%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $144,462Other borrowed funds
  • $0Subordinated debt
  • $15,765All other liabilities
  • $102,221Total equity capital
  • $102,221Total bank equity capital
  • $100,396Perpetual preferred stock
  • $0Common stock
  • $5,100Surplus
  • $57,906Undivided profits
  • Memoranda
  • $37,390Noncurrent loans and leases
  • $187,008Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,825Income earned, not collected on loans
  • $28,111Earning assets
  • $33Long-term assets (5+ years)
  • $3,589Average Assets, year-to-date
  • $1,278,701Average Assets, quarterly
  • $416,474Volatile liabilities
  • $1,352,324Insider loans
  • $1,341,083FHLB advances
  • $332,257Loans and leases held for sale
  • $22,496Unused loan commitments
  • $144,462Tier 1 (core) risk-based capital
  • $332,512Tier 2 risk-based capital
  • $202,757Total risk weighted assets
  • $187,008Total unused commitments
  • $5,923Restructured Loans and leases
  • $12,418Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $67,692Total interest income
  • $21,044Total interest expense
  • $46,648Net interest income
  • $33,919Provision for loan and lease losses
  • $62,241Total noninterest income
  • $3,506Fiduciary activities
  • $3,772Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54,963Additional noninterest income
  • $99,956Total noninterest expense
  • $57,520Salaries and employee benefits
  • $13,162Premises and equipment expense
  • $29,274Additional noninterest expense
  • -$24,986Pre-tax net operating income
  • $835Securities gains (losses)
  • -$455Applicable income taxes
  • -$23,696Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,553Net income attributable to bank
  • $1,857Net charge-offs
  • -$23,696Cash dividends
  • $20,813Sale, conversion, retirement of capital stock, net
  • $1,350Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 3.72%Net interest margin
  • 4.96%Noninterest income to earning assets
  • 7.96%Noninterest expense to earning assets
  • -1.81%Net operating income to assets
  • -1.89%Return on assets (ROA)
  • -1.92%Pretax return on assets
  • -24.72%Return on equity (ROE)
  • -26.03%Retained earnings to average equity (YTD only)
  • 1.82%Net charge-offs to loans
  • 162.97%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 91,794Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.28%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 82.59%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.54%Net loans and leases to deposits
  • 97.19%Net loans and leases to core deposits
  • 125.46%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.61%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,352,324Average earning assets
  • $103,365Average equity
  • $1,255,168Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $475,678Managed Assets
  • 1Number of Accounts
  • $416,748Personal trust and agency accounts
  • $206,291Employee benefit-defined contribution accounts
  • $17,123Employee benefit-defined benefit accounts
  • $879Other retirement accounts
  • $28,036Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $163,583Other fiduciary accounts
  • $836Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 841Number of Accounts
  • $0Personal trust and agency accounts
  • $28,036Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $58,930Other retirement accounts
  • $1,110Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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