NOVA Bank in Berwyn, Pennsylvania (PA), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches


  • NOVA Bank in Berwyn, Pennsylvania (PA), NJ
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NOVA Bank - Overview

  • General
  • FDIC Certificate #: 27148
    Status: Active
    Federal Reserve ID: 169073
    Bank Holding Company (Regulatory Top Holder): Nova Financial Holdings, Inc (RSSDID: 3110366, Location: Berwyn, PA)
    Date Established: May 31, 1887
    WWW: http://www.novasavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 2405
    FDIC's unique #: 38862
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 11, 1988
    Last Structure Change Effective Date: Febuary 16, 2012
    Last Structure Change Process Date: Febuary 16, 2012
    Last Data Update: Febuary 16, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1235 Westlakes Drive, Suite 420, Berwyn, PA 19312
    County: Chester
    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: $532.2 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $466.3 mil
    Return on assets (ROA): -0.22% (-$1.2 mil)
    Quarterly return on assets: 0.04% ($0.2 mil)
    Return on Equity (ROE): -8.42% (-$1.1 mil)
    Quarterly return on equity: 1.56% ($0.2 mil)
    Net income: -$1.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.22% (-$1,170.8 mil)
    Quarterly Pretax return on assets: 0.04% ($212.9 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, 2011)

  • Dollar figures in thousands
  • 104Total employees (full-time equivalent)
  • $532,193Total assets
  • $78,565Cash and due from depository institutions
  • $68,748Interest-bearing balances
  • $116,292Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $312,546Net loans & leases
  • $9,247Loan loss allowance
  • $0Trading account assets
  • $4,478Bank premises and fixed assets
  • $5,955Other real estate owned
  • $4,320Goodwill and other intangibles
  • $532,193Life insurance assets
  • $10,037All other assets
  • $518,801Total liabilities and capital
  • $466,296Total liabilities
  • $401,478Total deposits
  • $466,296Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 25000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $2,505Subordinated debt
  • $13,392All other liabilities
  • $13,392Total equity capital
  • $13,392Total bank equity capital
  • $0Perpetual preferred stock
  • $3Common stock
  • $84,245Surplus
  • $-70,856Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,556Income earned, not collected on loans
  • $0Earning assets
  • $2,207Long-term assets (5+ years)
  • $497,586Average Assets, year-to-date
  • $137,091Average Assets, quarterly
  • $565,459Volatile liabilities
  • $537,919Insider loans
  • $394,555FHLB advances
  • $539,150Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,574Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,698Restructured Loans and leases
  • $10,153Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,289Total interest income
  • $11,307Total interest expense
  • $14,982Net interest income
  • $4,339Provision for loan and lease losses
  • $6,426Total noninterest income
  • $0Fiduciary activities
  • $7,078Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$652Additional noninterest income
  • $18,477Total noninterest expense
  • $7,469Salaries and employee benefits
  • $2,458Premises and equipment expense
  • $8,550Additional noninterest expense
  • -$1,408Pre-tax net operating income
  • $186Securities gains (losses)
  • $6Applicable income taxes
  • -$1,228Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,228Net income attributable to bank
  • $0Net charge-offs
  • -$1,228Cash dividends
  • $5,778Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 2.18%Cost of funding earning assets
  • 2.88%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • -0.25%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.22%Pretax return on assets
  • -8.42%Return on equity (ROE)
  • -8.42%Retained earnings to average equity (YTD only)
  • 1.64%Net charge-offs to loans
  • 75.10%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 86,309Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 41.00%Noncurrent assets plus other real estate owned to assets
  • 5.36%Noncurrent loans to loans
  • 7.01%Net loans and leases to deposits
  • 67.03%Net loans and leases to core deposits
  • 72.91%Equity capital to assets
  • 2.52%Core capital (leverage) ratio
  • 2.33%Tier 1 risk-based capital ratio
  • 3.19%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $565,459Average earning assets
  • $14,578Average equity
  • $519,629Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $31,406Managed Assets
  • 1Number of Accounts
  • $31,406Personal trust and agency accounts
  • $31,406Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    14262358Woodbury Heights Branch30 Elm Avenue, Woodbury Heights, NJ 8097July 06, 1998Full Service Brick and Mortar
    16439910Deptford Office1132 Cooper Street, Deptford, NJ 8096April 08, 2005Full Service Brick and Mortar
  • 11 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    038862Nova Bank1235 Westlakes Drive, Suite 420, Berwyn, PA 19312May 31, 1887Full Service Brick and Mortar
    1261218Plymouth Meeting Branch930 East Germantown Pike, Plymouth Meeting, PA 19462April 01, 1998Full Service Brick and Mortar
    2261219Wynnewood18 E Wynnewood Road, Wynnewood, PA 19096April 12, 1999Full Service Brick and Mortar
    3261220Ebank200 S Broad Street, Philadelphia, PA 19102September 01, 1997Full Service Retail
    4357482Internet Branch1235 Westlakes Drive, Suite 420, Berwyn, PA 19312July 19, 1999Full Service Cyber
    7432825Havertown Branch1235 West Chester Pike, Havertown, PA 19083October 13, 2004Full Service Brick and Mortar
    8445636Uwchlan Branch200 Uwchlan Avenue, Exton, PA 19341October 31, 2005Full Service Brick and Mortar
    9450923Media Branch448 East Baltimore Pike, Media, PA 19063March 09, 2006Full Service Brick and Mortar
    11480316South Street Branch920 South Street, Philadelphia, PA 19147July 01, 2008Full Service Brick and Mortar
    12480470Locust Street Branch1420 Locust Street, Philadelphia, PA 19102May 20, 2008Full Service Brick and Mortar
    15427720Grant Avenue Branch1691-1695 Grant Avenue, Philadelphia, PA 19103March 17, 2004Full Service Brick and Mortar

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