Keystone Bank, National Association in Horsham, Pennsylvania (PA)

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Keystone Bank, National Association
GeneralFDIC Certificate #: 26007
Status: Inactive
Closing history: Corrections
Acquiring institution: Keystone Financial Bank, National Association (#7712)
Federal Reserve ID: 911919
Date Established: March 18, 1985
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 28 (Interstate: No)
OTS Docket #: 8997
FDIC's unique #: 32287
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: March 18, 1985
Last Structure Change Effective Date: December 31, 1998
Last Structure Change Process Date: Febuary 17, 1999
Last Data Update: Febuary 17, 1999
Data Source Date: April 05, 2012
LocationAddress: 601 Dresher Road, Horsham, PA 19044
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)
History of ChangesAbsorption - Without Assistance
Financial SummaryTotal assets: $1,051.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)278
Total assets$1,062,477
Cash and due from depository institutions$37,092
Interest-bearing balances$5,808
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$628,252
Loan loss allowance $7,845
Trading account assets$0
Bank premises and fixed assets$8,867
Other real estate owned$1,462
Goodwill and other intangibles$0
All other assets$15,330
Life insurance assets$0
Total liabilities and capital$1,062,477
Total liabilities$957,033
Total deposits$898,118
Interest-bearing deposits$794,395
Deposits held in domestic offices$898,118
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $21,758
Trading liabilities$0
Other borrowed funds $19,005
Subordinated debt $0
All other liabilities $18,152
Total equity capital$105,444
Total bank equity capital$105,444
Perpetual preferred stock$105,444
Common stock$0
Undivided profits $33,308
Noncurrent loans and leases $65,010
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $13,956
Long-term assets (5+ years) $103
Average Assets, year-to-date $5,138
Average Assets, quarterly $1,005,534
Volatile liabilities $243,218
Insider loans $1,080,624
FHLB advances $1,063,598
Loans and leases held for sale $94,639
Unused loan commitments $4,026
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $152,770
Restructured Loans and leases $0
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $83,573
Total interest expense $37,902
Net interest income $45,671
Provision for loan and lease losses $2,541
Total noninterest income $5,346
Fiduciary activities $0
Service charges on deposit accounts $2,756
Trading account gains & fees $0
Additional noninterest income $2,590
Total noninterest expense $29,295
Salaries and employee benefits $10,398
Premises and equipment expense $3,947
Additional noninterest expense $14,950
Pre-tax net operating income $19,181
Securities gains (losses) -$32
Applicable income taxes $6,219
Income before extraordinary items $12,930
Extraordinary gains - net $0
Net income attributable to bank $12,930
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,821
Net operating income $15,053
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.14%
Cost of funding earning assets 3.69%
Net interest margin 4.45%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 2.85%
Net operating income to assets 1.20%
Return on assets (ROA) 1.20%
Pretax return on assets 1.77%
Return on equity (ROE) 12.37%
Retained earnings to average equity (YTD only) -2.03%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 90.07%
Efficiency ratio7.70%
Assets per employee$57,069
Cash dividends to net income (YTD only)3.82%
Condition Ratios (%)
Loss allowance to loans 116.42%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 56.21%
Noncurrent loans to loans 1.45%
Net loans and leases to deposits2.19%
Net loans and leases to core deposits 69.95%
Equity capital to assets 75.36%
Core capital (leverage) ratio 9.92%
Tier 1 risk-based capital ratio 9.96%
Total risk-based capital ratio 15.84%
Average assets$17
Average earning assets$1,080,624
Average equity $104,525
Average loans $1,026,306
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