Main Line Bank in Villanova, Pennsylvania (PA)



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Table of contents:
Main Line Bank
GeneralFDIC Certificate #: 29628
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sovereign Bank, National Association (#29950)
Federal Reserve ID: 201076
Date Established: January 01, 1883
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3777
FDIC's unique #: 42462
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: July 18, 1936
Last Structure Change Effective Date: March 01, 1998
Last Structure Change Process Date: April 27, 1998
Last Data Update: April 27, 1998
Data Source Date: April 05, 2012
LocationAddress: Route 320 And Lancaster Avenue, Villanova, PA 19085
County: Delaware
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: $2,414.3 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)455
Total assets$2,414,251
Cash and due from depository institutions$166,404
Interest-bearing balances$7,704
Securities$1,056,742
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,047,886
Loan loss allowance $18,191
Trading account assets$0
Bank premises and fixed assets$18,219
Other real estate owned$1,859
Goodwill and other intangibles$66,048
All other assets$57,093
Life insurance assets$0
Total liabilities and capital$2,414,251
Total liabilities$2,284,656
Total deposits$974,932
Interest-bearing deposits$800,928
Deposits held in domestic offices$974,932
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $611,635
Trading liabilities$0
Other borrowed funds $620,915
Subordinated debt $0
All other liabilities $77,174
Total equity capital$129,595
Total bank equity capital$129,595
Perpetual preferred stock$129,595
Common stock$0
Surplus$0
Undivided profits $87,730
Memoranda
Noncurrent loans and leases $41,865
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $7,802
Long-term assets (5+ years) $0
Average Assets, year-to-date $6,409
Average Assets, quarterly $2,112,332
Volatile liabilities $0
Insider loans $2,124,045
FHLB advances $2,357,807
Loans and leases held for sale $1,487,996
Unused loan commitments $8
Tier 1 (core) risk-based capital $607,809
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $65,162
Restructured Loans and leases $0
Derivatives$1,132,019
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $149,925
Total interest expense $96,910
Net interest income $53,015
Provision for loan and lease losses $4,005
Total noninterest income $15,340
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $15,340
Total noninterest expense $46,543
Salaries and employee benefits $25,793
Premises and equipment expense $8,583
Additional noninterest expense $12,167
Pre-tax net operating income $17,807
Securities gains (losses) $6,149
Applicable income taxes $8,656
Income before extraordinary items $15,300
Extraordinary gains - net $0
Net income attributable to bank $15,300
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $281
Net operating income $10,500
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.76%
Cost of funding earning assets 5.02%
Net interest margin 2.74%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 2.41%
Net operating income to assets 0.54%
Return on assets (ROA) 0.72%
Pretax return on assets 1.13%
Return on equity (ROE) 11.92%
Retained earnings to average equity (YTD only) 3.74%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 1425.27%
Efficiency ratio77.62%
Assets per employee$65,294
Cash dividends to net income (YTD only)5.31%
Condition Ratios (%)
Loss allowance to loans 68.63%
Loss allowance to noncurrent loans 1.71%
Noncurrent assets plus other real estate owned to assets 233.16%
Noncurrent loans to loans 0.40%
Net loans and leases to deposits0.73%
Net loans and leases to core deposits 107.48%
Equity capital to assets 145.64%
Core capital (leverage) ratio 5.37%
Tier 1 risk-based capital ratio 4.68%
Total risk-based capital ratio 9.91%
Memoranda
Average assets$11
Average earning assets$2,124,045
Average equity $128,363
Average loans $1,931,592
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