FDIC Certificate #: 57107 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Customers Bank (#34444) Federal Reserve ID: 3027174 Date Established: May 22, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 357894 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 22, 2001 Last Structure Change Effective Date: September 17, 2010 Last Structure Change Process Date: September 20, 2010 Last Data Update: September 20, 2010 Data Source Date: April 05, 2012
Location
Address: 457 Haddonfield Road, Liberty View Building, Suite 100, Cherry Hill, NJ 8002 County: Camden Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Jamesburg 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: Camden, NJ (#15804)
Financial Summary
Total assets: $81.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$90,245Total assets
$977Cash and due from depository institutions
$315Interest-bearing balances
$9,696Securities
$8,178Federal funds sold & reverse repurchase agreements
$68,074Net loans & leases
$6,139Loan loss allowance
$0Trading account assets
$84Bank premises and fixed assets
$916Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,320All other assets
$90,245Total liabilities and capital
$87,545Total liabilities
$87,098Total deposits
$85,019Interest-bearing deposits
$87,098Deposits held in domestic offices
98.91%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$447All other liabilities
$2,700Total equity capital
$2,700Total bank equity capital
$2,700Perpetual preferred stock
$0Common stock
$8,165Surplus
$12,231Undivided profits
Memoranda
$-17,696Noncurrent loans and leases
$765Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,287Earning assets
$1,711Long-term assets (5+ years)
$434Average Assets, year-to-date
$86,263Average Assets, quarterly
$18,021Volatile liabilities
$109,196Insider loans
$96,606FHLB advances
$37,686Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$765Total unused commitments
$1,187Restructured Loans and leases
$900Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,094Total interest income
$3,612Total interest expense
$1,482Net interest income
$0Provision for loan and lease losses
$290Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
$192Additional noninterest income
$4,093Total noninterest expense
$1,315Salaries and employee benefits
$515Premises and equipment expense
$2,263Additional noninterest expense
-$2,321Pre-tax net operating income
$225Securities gains (losses)
$2Applicable income taxes
-$2,098Income before extraordinary items
$0Extraordinary gains - net
-$2,098Net income attributable to bank
$0Net charge-offs
-$2,098Cash dividends
$205Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
3.54%Cost of funding earning assets
1.45%Net interest margin
0.28%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
-2.13%Net operating income to assets
-1.92%Return on assets (ROA)
-1.92%Pretax return on assets
-51.94%Return on equity (ROE)
-51.94%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-11.32%Efficiency ratio
230,982Assets per employee
8.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
8.27%Loss allowance to noncurrent loans
26.36%Noncurrent assets plus other real estate owned to assets
26.82%Noncurrent loans to loans
31.38%Net loans and leases to deposits
78.16%Net loans and leases to core deposits
137.77%Equity capital to assets
2.99%Core capital (leverage) ratio
2.88%Tier 1 risk-based capital ratio
4.18%Total risk-based capital ratio
Memoranda
$6Average assets
$109,196Average earning assets
$4,039Average equity
$102,000Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with ISN Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: