Germantown Savings Bank in Bala Cynwyd, Pennsylvania (PA)



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Germantown Savings Bank
GeneralFDIC Certificate #: 15758
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Corestates Bank, National Association (#719)
Federal Reserve ID: 894517
Date Established: April 06, 1854
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 32 (Interstate: No)
FDIC's unique #: 10006
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 22, 1940
Last Structure Change Effective Date: December 02, 1994
Last Structure Change Process Date: December 12, 1994
Last Data Update: December 12, 1994
Data Source Date: April 05, 2012
LocationAddress: One Belmont Avenue, Bala Cynwyd, PA 19004
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 SummaryTotal assets: $1,564.7 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)
Total employees (full-time equivalent)0
Total assets$526
Cash and due from depository institutions$1,636,618
Interest-bearing balances$28,056
Securities$168
Federal funds sold & reverse repurchase agreements$547,514
Net loans & leases$13,000
Loan loss allowance $1,020,435
Trading account assets$23,043
Bank premises and fixed assets$0
Other real estate owned$7,464
Goodwill and other intangibles$1,078
All other assets$1,296
Life insurance assets$17,775
Total liabilities and capital$0
Total liabilities$1,636,618
Total deposits$1,494,627
Interest-bearing deposits$1,483,683
Deposits held in domestic offices$1,433,932
% insured (estimated)1483683.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$10,944
Total bank equity capital$10,944
Perpetual preferred stock$141,991
Common stock$0
Surplus$419
Undivided profits $38,481
Memoranda
Noncurrent loans and leases $103,091
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,582
Earning assets $5,196
Long-term assets (5+ years) $1,581,117
Average Assets, year-to-date $945,519
Average Assets, quarterly $1,597,193
Volatile liabilities $1,628,877
Insider loans $37,318
FHLB advances $7
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $86,136
Tier 2 risk-based capital $0
Total risk weighted assets $139,607
Total unused commitments $866,014
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $112,168
Net interest income $47,873
Provision for loan and lease losses $64,295
Total noninterest income $1,900
Fiduciary activities $5,358
Service charges on deposit accounts $0
Trading account gains & fees $3,555
Additional noninterest income $0
Total noninterest expense $1,803
Salaries and employee benefits $37,972
Premises and equipment expense $20,317
Additional noninterest expense $6,339
Pre-tax net operating income $11,316
Securities gains (losses) $29,781
Applicable income taxes $1,179
Income before extraordinary items $10,462
Extraordinary gains - net $20,498
Net income attributable to bank $0
Net charge-offs $20,498
Cash dividends -$2,288
Sale, conversion, retirement of capital stock, net $1,655
Net operating income $1,690
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.27%
Net interest margin 3.10%
Noninterest income to earning assets 4.17%
Noninterest expense to earning assets 0.35%
Net operating income to assets 2.46%
Return on assets (ROA) 1.23%
Pretax return on assets 1.28%
Return on equity (ROE) 1.94%
Retained earnings to average equity (YTD only) 15.74%
Net charge-offs to loans 14.47%
Credit loss provision to net charge-offs -0.22%
Efficiency ratio-83.04%
Assets per employee$53,370
Cash dividends to net income (YTD only)3.11%
Condition Ratios (%)
Loss allowance to loans 8.07%
Loss allowance to noncurrent loans 2.21%
Noncurrent assets plus other real estate owned to assets 892.45%
Noncurrent loans to loans 0.22%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 68.78%
Equity capital to assets 70.55%
Core capital (leverage) ratio 8.68%
Tier 1 risk-based capital ratio 8.59%
Total risk-based capital ratio 16.12%
Memoranda
Average assets$17
Average earning assets$1,597,193
Average equity $130,190
Average loans $1,543,185
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