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

This bank is inactive as of October 01, 1994

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

  • General
  • FDIC Certificate #: 30163
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Great Valley Savings Bank (#29773)
    Federal Reserve ID: 749970
    Date Established: January 01, 1921
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 4868
    FDIC's unique #: 42997
    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: January 30, 1942
    Last Structure Change Effective Date: October 01, 1994
    Last Structure Change Process Date: November 17, 1994
    Last Data Update: April 11, 1998
    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: $227.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $107Total assets
  • $213,517Cash and due from depository institutions
  • $7,430Interest-bearing balances
  • $3,768Securities
  • $48,665Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $151,956Loan loss allowance
  • $1,579Trading account assets
  • $0Bank premises and fixed assets
  • $631Other real estate owned
  • $21Goodwill and other intangibles
  • $4,814Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $213,517Total liabilities
  • $199,147Total deposits
  • $194,899Interest-bearing deposits
  • $191,373Deposits held in domestic offices
  • 194899.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $370Subordinated debt
  • $0All other liabilities
  • $3,878Total equity capital
  • $3,878Total bank equity capital
  • $14,370Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $8,002Undivided profits
  • Memoranda
  • $6,367Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $604Income earned, not collected on loans
  • $1,197Earning assets
  • $204,389Long-term assets (5+ years)
  • $123,937Average Assets, year-to-date
  • $209,629Average Assets, quarterly
  • $210,460Volatile liabilities
  • $3,027Insider loans
  • $468FHLB advances
  • $0Loans and leases held for sale
  • $5,836Unused loan commitments
  • $18,221Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,345Total risk weighted assets
  • $120,755Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,575Total interest expense
  • $8,066Net interest income
  • $8,509Provision for loan and lease losses
  • $0Total noninterest income
  • $2,574Fiduciary activities
  • $0Service charges on deposit accounts
  • $217Trading account gains & fees
  • $0Additional noninterest income
  • $2,357Total noninterest expense
  • $6,446Salaries and employee benefits
  • $3,385Premises and equipment expense
  • $609Additional noninterest expense
  • $2,452Pre-tax net operating income
  • $4,637Securities gains (losses)
  • $0Applicable income taxes
  • $1,641Income before extraordinary items
  • $2,996Extraordinary gains - net
  • $1,410Net income attributable to bank
  • $4,406Net charge-offs
  • $11Cash dividends
  • $852Sale, 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
  • 8.19%Cost of funding earning assets
  • 3.98%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 1.27%Noninterest expense to earning assets
  • 3.18%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 2.88%Return on equity (ROE)
  • 33.79%Retained earnings to average equity (YTD only)
  • 27.26%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,161Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.34%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 261.42%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 77.97%Net loans and leases to core deposits
  • 79.04%Equity capital to assets
  • 6.73%Core capital (leverage) ratio
  • 6.89%Tier 1 risk-based capital ratio
  • 11.88%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $209,629Average earning assets
  • $13,038Average equity
  • $202,449Average loans

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