Great Valley Savings Bank in Reading, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 28, 2000

  • Great Valley Savings Bank in Reading, Pennsylvania (PA)
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Great Valley Savings Bank - Overview

  • General
  • FDIC Certificate #: 29773
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank, National Association (#7551)
    Federal Reserve ID: 749970
    Date Established: January 01, 1873
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 13089
    FDIC's unique #: 42607
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 29, 1938
    Last Structure Change Effective Date: October 28, 2000
    Last Structure Change Process Date: December 28, 2000
    Last Data Update: December 28, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 North Fifth Street, Reading, PA 19601
    County: Berks
    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): Reading, PA (#6680)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Reading, PA (#39740)
    CBSA Metro Statistical Area: Reading, PA (#39740)
  • Financial Summary
  • Total assets: $376.4 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 92Total employees (full-time equivalent)
  • $342,783Total assets
  • $9,443Cash and due from depository institutions
  • $112Interest-bearing balances
  • $40,414Securities
  • $4,080Federal funds sold & reverse repurchase agreements
  • $283,051Net loans & leases
  • $3,218Loan loss allowance
  • $0Trading account assets
  • $1,577Bank premises and fixed assets
  • $1,600Other real estate owned
  • $16Goodwill and other intangibles
  • $0Life insurance assets
  • $2,602All other assets
  • $342,783Total liabilities and capital
  • $311,432Total liabilities
  • $228,356Total deposits
  • $209,973Interest-bearing deposits
  • $228,356Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,598Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $54,616Other borrowed funds
  • $0Subordinated debt
  • $3,862All other liabilities
  • $31,351Total equity capital
  • $31,351Total bank equity capital
  • $31,351Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $19,002Undivided profits
  • Memoranda
  • $12,348Noncurrent loans and leases
  • $27,385Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,955Earning assets
  • $0Long-term assets (5+ years)
  • $1,400Average Assets, year-to-date
  • $327,657Average Assets, quarterly
  • $178,396Volatile liabilities
  • $326,497Insider loans
  • $335,131FHLB advances
  • $59,975Loans and leases held for sale
  • $3,168Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $88,249Total risk weighted assets
  • $27,385Total unused commitments
  • $0Restructured Loans and leases
  • $3,199Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $23,553Total interest income
  • $12,006Total interest expense
  • $11,547Net interest income
  • $720Provision for loan and lease losses
  • $2,231Total noninterest income
  • $0Fiduciary activities
  • $411Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,820Additional noninterest income
  • $7,870Total noninterest expense
  • $3,380Salaries and employee benefits
  • $1,024Premises and equipment expense
  • $3,466Additional noninterest expense
  • $5,188Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,078Applicable income taxes
  • $4,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,110Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $475Sale, conversion, retirement of capital stock, net
  • $2,776Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.53%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 13.24%Return on equity (ROE)
  • 4.30%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 151.58%Credit loss provision to net charge-offs
  • 12.44%Efficiency ratio
  • 57,120Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.54%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 164.60%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 123.95%Net loans and leases to core deposits
  • 129.23%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $326,497Average earning assets
  • $31,045Average equity
  • $312,903Average loans

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