FDIC Certificate #: 35054 Status: Inactive Federal Reserve ID: 3536948 Date Established: August 22, 2001 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15642 FDIC's unique #: 74358 Numeric code: 33 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 22, 2001 Last Structure Change Effective Date: Febuary 26, 2009 Last Structure Change Process Date: March 26, 2009 Last Data Update: March 26, 2009 Data Source Date: April 05, 2012
Location
Address: 1100 Virginia Drive, Fort Washington, PA 19034 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 Changes
Other Liquidations and Closings
Financial Summary
Total assets: $7.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
2Total employees (full-time equivalent)
$7,735Total assets
$3,198Cash and due from depository institutions
$3,198Interest-bearing balances
$319Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$1Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,217All other assets
$7,735Total liabilities and capital
$272Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$272All other liabilities
$7,463Total equity capital
$7,463Total bank equity capital
$7,463Perpetual preferred stock
$0Common stock
$1Surplus
$12,499Undivided profits
Memoranda
$-5,037Noncurrent loans and leases
$0Noncurrent 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)
$236Average Assets, year-to-date
$3,517Average Assets, quarterly
$0Volatile liabilities
$157,405Insider loans
$103,659FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,732Total interest income
$5,532Total interest expense
$2,200Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$9,116Total noninterest expense
$509Salaries and employee benefits
$29Premises and equipment expense
$8,578Additional noninterest expense
-$6,916Pre-tax net operating income
$1,774Securities gains (losses)
$4Applicable income taxes
-$5,146Income before extraordinary items
$0Extraordinary gains - net
-$5,146Net 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, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
3.67%Cost of funding earning assets
1.46%Net interest margin
0.00%Noninterest income to earning assets
6.04%Noninterest expense to earning assets
-4.40%Net operating income to assets
-3.27%Return on assets (ROA)
-3.27%Pretax return on assets
-42.90%Return on equity (ROE)
-42.90%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
414,364Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
96.48%Core capital (leverage) ratio
96.48%Tier 1 risk-based capital ratio
471.74%Total risk-based capital ratio
Memoranda
$472Average assets
$157,405Average earning assets
$11,996Average equity
$150,875Average loans
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