MoreBank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2010

  • MoreBank in Philadelphia, Pennsylvania (PA)
  • Show street view No street view available for this location

MoreBank - Overview

  • General
  • FDIC Certificate #: 57871
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Princeton (#58513)
    Federal Reserve ID: 3427765
    Date Established: March 01, 2006
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 428630
    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: March 01, 2006
    Last Structure Change Effective Date: September 30, 2010
    Last Structure Change Process Date: November 04, 2010
    Last Data Update: November 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 470 West Cheltenham Avenue, Philadelphia, PA 19126
    County: Philadelphia
    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 Summary
  • Total assets: $72.4 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
  • 28Total employees (full-time equivalent)
  • $69,750Total assets
  • $3,840Cash and due from depository institutions
  • $1,620Interest-bearing balances
  • $14,614Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,214Net loans & leases
  • $719Loan loss allowance
  • $0Trading account assets
  • $919Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,163All other assets
  • $69,750Total liabilities and capital
  • $65,174Total liabilities
  • $59,520Total deposits
  • $52,253Interest-bearing deposits
  • $59,520Deposits held in domestic offices
  • 96.64%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,492Other borrowed funds
  • $0Subordinated debt
  • $162All other liabilities
  • $4,576Total equity capital
  • $4,576Total bank equity capital
  • $4,576Perpetual preferred stock
  • $0Common stock
  • $1,141Surplus
  • $9,966Undivided profits
  • Memoranda
  • $-6,531Noncurrent loans and leases
  • $4,514Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $940Earning assets
  • $0Long-term assets (5+ years)
  • $359Average Assets, year-to-date
  • $65,448Average Assets, quarterly
  • $13,629Volatile liabilities
  • $59,670Insider loans
  • $69,795FHLB advances
  • $14,692Loans and leases held for sale
  • $1,372Unused loan commitments
  • $5,492Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,514Total unused commitments
  • $0Restructured Loans and leases
  • $630Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $3,213Total interest income
  • $1,382Total interest expense
  • $1,831Net interest income
  • $378Provision for loan and lease losses
  • $243Total noninterest income
  • $0Fiduciary activities
  • $143Service charges on deposit accounts
  • $0Trading account gains & fees
  • $100Additional noninterest income
  • $3,226Total noninterest expense
  • $1,697Salaries and employee benefits
  • $590Premises and equipment expense
  • $939Additional noninterest expense
  • -$1,530Pre-tax net operating income
  • $157Securities gains (losses)
  • $0Applicable income taxes
  • -$1,373Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,373Net income attributable to bank
  • $0Net charge-offs
  • -$1,373Cash dividends
  • $124Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 2.55%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 5.95%Noninterest expense to earning assets
  • -2.56%Net operating income to assets
  • -2.30%Return on assets (ROA)
  • -2.30%Pretax return on assets
  • -28.14%Return on equity (ROE)
  • -28.14%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 304.84%Credit loss provision to net charge-offs
  • -9.29%Efficiency ratio
  • 155,545Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 76.49%Noncurrent assets plus other real estate owned to assets
  • 1.35%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 82.68%Net loans and leases to core deposits
  • 108.83%Equity capital to assets
  • 6.56%Core capital (leverage) ratio
  • 6.61%Tier 1 risk-based capital ratio
  • 9.32%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $59,670Average earning assets
  • $4,879Average equity
  • $54,201Average 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 MoreBank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents