GRAYSTONE TOWER BANK in Enola, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 2012

  • GRAYSTONE TOWER BANK in Enola, Pennsylvania (PA)
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GRAYSTONE TOWER BANK - Overview

  • General
  • FDIC Certificate #: 58166
    Status: Inactive
    Acquiring institution: Susquehanna Bank (#7579)
    Federal Reserve ID: 3379471
    Bank Holding Company (Regulatory Top Holder): Tower Bancorp Inc. (RSSDID: 1118292, Location: Harrisburg, PA)
    Date Established: November 10, 2005
    WWW: http://www.graystonebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 58 (Domestic: 58, Interstate: Yes)
    FDIC's unique #: 441088
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: November 10, 2005
    Last Structure Change Effective Date: Febuary 18, 2012
    Last Structure Change Process Date: Febuary 28, 2012
    Last Data Update: Febuary 28, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1826 Good Hope Rd., Enola, PA 17025
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Harrisburg-Lebanon-Carlisle, PA (#3240)
    Combined Statistical Area (CSA): Harrisburg-Carlisle-Lebanon, PA (#276)
    Core Based Statistical Area (CBSA): Harrisburg-Carlisle, PA (#25420)
    CBSA Metro Statistical Area: Harrisburg-Carlisle, PA (#25420)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $2,513.0 mil
    Equity capital: $284.5 mil
    Deposits held in domestic offices: $2,141.6 mil
    Return on assets (ROA): 0.75% ($18.8 mil)
    Quarterly return on assets: 1.09% ($27.4 mil)
    Return on Equity (ROE): 7.16% ($20.4 mil)
    Quarterly return on equity: 9.76% ($27.8 mil)
    Net income: $19.5 mil
    Quarterly Net income: $6.9 mil
    Pretax return on assets: 1.09% ($27,392.1 mil)
    Quarterly Pretax return on assets: 1.62% ($40,711.2 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
  • 544Total employees (full-time equivalent)
  • $2,513,037Total assets
  • $134,509Cash and due from depository institutions
  • $99,209Interest-bearing balances
  • $136,756Securities
  • $15,181Federal funds sold & reverse repurchase agreements
  • $2,061,941Net loans & leases
  • $12,597Loan loss allowance
  • $0Trading account assets
  • $51,265Bank premises and fixed assets
  • $4,489Other real estate owned
  • $26,178Goodwill and other intangibles
  • $2,513,037Life insurance assets
  • $82,718All other assets
  • $2,228,437Total liabilities and capital
  • $2,141,629Total liabilities
  • $1,776,453Total deposits
  • $2,141,629Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 10556.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51,301Trading liabilities
  • $0Other borrowed funds
  • $24,951Subordinated debt
  • $284,600All other liabilities
  • $284,538Total equity capital
  • $284,538Total bank equity capital
  • $0Perpetual preferred stock
  • $1,760Common stock
  • $271,469Surplus
  • $11,309Undivided profits
  • Memoranda
  • $62Noncurrent loans and leases
  • $36,242Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $36,497Income earned, not collected on loans
  • $0Earning assets
  • $6,856Long-term assets (5+ years)
  • $2,313,087Average Assets, year-to-date
  • $331,244Average Assets, quarterly
  • $2,586,560Volatile liabilities
  • $2,524,729Insider loans
  • $2,012,636FHLB advances
  • $2,495,184Loans and leases held for sale
  • $41,295Unused loan commitments
  • $22,490Tier 1 (core) risk-based capital
  • $256,983Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,805Total unused commitments
  • $496,024Restructured Loans and leases
  • $81,766Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $119,252Total interest income
  • $21,311Total interest expense
  • $97,941Net interest income
  • $5,700Provision for loan and lease losses
  • $21,034Total noninterest income
  • $3,317Fiduciary activities
  • $4,917Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,800Additional noninterest income
  • $86,780Total noninterest expense
  • $43,789Salaries and employee benefits
  • $15,628Premises and equipment expense
  • $27,363Additional noninterest expense
  • $26,495Pre-tax net operating income
  • $1,866Securities gains (losses)
  • $8,792Applicable income taxes
  • $19,569Income before extraordinary items
  • $0Extraordinary gains - net
  • $19,511Net income attributable to bank
  • $58Net charge-offs
  • $19,569Cash dividends
  • $7,156Sale, conversion, retirement of capital stock, net
  • $3,362Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 7.16%Return on equity (ROE)
  • 5.93%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 79.65%Credit loss provision to net charge-offs
  • 4.50%Efficiency ratio
  • 71,736Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.23%Loss allowance to loans
  • 0.61%Loss allowance to noncurrent loans
  • 34.52%Noncurrent assets plus other real estate owned to assets
  • 1.63%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 96.28%Net loans and leases to core deposits
  • 107.72%Equity capital to assets
  • 11.32%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,586,560Average earning assets
  • $272,541Average equity
  • $2,371,375Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $410,363Managed Assets
  • 1Number of Accounts
  • $381,741Personal trust and agency accounts
  • $186,877Employee benefit-defined contribution accounts
  • $10,490Employee benefit-defined benefit accounts
  • $1,732Other retirement accounts
  • $29,939Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $151,845Other fiduciary accounts
  • $858Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 742Number of Accounts
  • $0Personal trust and agency accounts
  • $29,939Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $28,622Other retirement accounts
  • $1,129Corporate trust and agency accounts
  • $5,065Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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