FDIC Certificate #: 24868 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PNC Bank, National Association (#6384) Federal Reserve ID: 955007 Date Established: January 03, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 9311 FDIC's unique #: 17244 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 03, 1984 Last Structure Change Effective Date: March 31, 2001 Last Structure Change Process Date: April 18, 2001 Last Data Update: April 18, 2001 Data Source Date: April 05, 2012
Location
Address: 125 High Street, Boston, MA 2110 County: Suffolk Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: South Boston Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120) Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460) CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460) Core Based Statistical Division: Boston-Quincy, MA (#14484)
Financial Summary
Total assets: $14.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
42Total employees (full-time equivalent)
$14,609Total assets
$12,271Cash and due from depository institutions
$8,726Interest-bearing balances
$218Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$265Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,855All other assets
$14,609Total liabilities and capital
$1,883Total 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
$1,883All other liabilities
$12,726Total equity capital
$12,726Total bank equity capital
$12,726Perpetual preferred stock
$0Common stock
$658Surplus
$6,599Undivided profits
Memoranda
$5,469Noncurrent 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)
$0Average Assets, year-to-date
$8,944Average Assets, quarterly
$0Volatile liabilities
$13,938Insider loans
$13,922FHLB 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, 2000)
Dollar figures in thousands
$487Total interest income
$0Total interest expense
$487Net interest income
$0Provision for loan and lease losses
$6,760Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$6,760Additional noninterest income
$5,564Total noninterest expense
$3,743Salaries and employee benefits
$546Premises and equipment expense
$1,275Additional noninterest expense
$1,683Pre-tax net operating income
$0Securities gains (losses)
$328Applicable income taxes
$1,355Income before extraordinary items
$0Extraordinary gains - net
$1,355Net 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, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
0.00%Cost of funding earning assets
5.90%Net interest margin
81.85%Noninterest income to earning assets
67.37%Noninterest expense to earning assets
9.72%Net operating income to assets
9.72%Return on assets (ROA)
12.07%Pretax return on assets
11.40%Return on equity (ROE)
11.40%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
76,777Assets per employee
0.35%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
87.11%Core capital (leverage) ratio
90.86%Tier 1 risk-based capital ratio
291.03%Total risk-based capital ratio
Memoranda
$291Average assets
$13,938Average earning assets
$11,882Average equity
$8,259Average loans
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