FDIC Certificate #: 29725 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sharon Savings Bank (#28793) Federal Reserve ID: 472577 Date Established: January 01, 1885 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3955 FDIC's unique #: 42559 Numeric code: 38 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 17, 1936 Last Structure Change Effective Date: October 31, 2008 Last Structure Change Process Date: December 04, 2008 Last Data Update: December 04, 2008 Data Source Date: April 05, 2012
Location
Address: 25 South Morton Avenue, Morton, PA 19070 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 Summary
Total assets: $17.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
5Total employees (full-time equivalent)
$19,484Total assets
$4,430Cash and due from depository institutions
$4,360Interest-bearing balances
$5,289Securities
$0Federal funds sold & reverse repurchase agreements
$9,488Net loans & leases
$24Loan loss allowance
$0Trading account assets
$15Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$262All other assets
$19,484Total liabilities and capital
$18,365Total liabilities
$18,195Total deposits
$17,668Interest-bearing deposits
$18,195Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$170All other liabilities
$1,119Total equity capital
$1,119Total bank equity capital
$1,119Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$1,119Noncurrent loans and leases
$392Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$101Average Assets, year-to-date
$19,137Average Assets, quarterly
$0Volatile liabilities
$19,342Insider loans
$19,363FHLB advances
$3,486Loans and leases held for sale
$30Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$392Total unused commitments
$0Restructured Loans and leases
$24Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,068Total interest income
$675Total interest expense
$393Net interest income
$0Provision for loan and lease losses
$12Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$584Total noninterest expense
$357Salaries and employee benefits
$112Premises and equipment expense
$115Additional noninterest expense
-$179Pre-tax net operating income
$0Securities gains (losses)
-$51Applicable income taxes
-$128Income before extraordinary items
$0Extraordinary gains - net
-$128Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.63%Yield on earning assets
3.56%Cost of funding earning assets
2.07%Net interest margin
0.06%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
-0.66%Net operating income to assets
-0.66%Return on assets (ROA)
-0.93%Pretax return on assets
-10.78%Return on equity (ROE)
-10.78%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
144,198Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.25%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
52.15%Net loans and leases to core deposits
64.50%Equity capital to assets
5.74%Core capital (leverage) ratio
5.99%Tier 1 risk-based capital ratio
14.05%Total risk-based capital ratio
Memoranda
$14Average assets
$19,342Average earning assets
$1,187Average equity
$18,986Average loans
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