Prestige Community Bank in Newtown, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 29, 2008

  • Prestige Community Bank in Newtown, Pennsylvania (PA)
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Prestige Community Bank - Overview

  • General
  • FDIC Certificate #: 58600
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Priority Bank (#58092)
    Federal Reserve ID: 3597882
    Date Established: October 16, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 458015
    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: October 16, 2007
    Last Structure Change Effective Date: Febuary 29, 2008
    Last Structure Change Process Date: March 28, 2008
    Last Data Update: March 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 Pheasant Run, Newtown, PA 18940
    County: Bucks
    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: $37.6 mil

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $37,567Total assets
  • $511Cash and due from depository institutions
  • $0Interest-bearing balances
  • $33,995Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,035Net loans & leases
  • $25Loan loss allowance
  • $0Trading account assets
  • $936Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $90All other assets
  • $37,567Total liabilities and capital
  • $29,466Total liabilities
  • $13,820Total deposits
  • $13,502Interest-bearing deposits
  • $13,820Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,368Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,997Other borrowed funds
  • $0Subordinated debt
  • $281All other liabilities
  • $8,101Total equity capital
  • $8,101Total bank equity capital
  • $8,101Perpetual preferred stock
  • $0Common stock
  • $973Surplus
  • $9,371Undivided profits
  • Memoranda
  • $-2,243Noncurrent loans and leases
  • $1,371Noncurrent 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)
  • $18Average Assets, year-to-date
  • $36,030Average Assets, quarterly
  • $375Volatile liabilities
  • $37,567Insider loans
  • $37,567FHLB advances
  • $19,439Loans and leases held for sale
  • $1,349Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,371Total unused commitments
  • $0Restructured Loans and leases
  • $25Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $272Total interest income
  • $71Total interest expense
  • $201Net interest income
  • $25Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,419Total noninterest expense
  • $1,403Salaries and employee benefits
  • $335Premises and equipment expense
  • $681Additional noninterest expense
  • -$2,243Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,243Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,243Net 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)
  • 0.75%Yield on earning assets
  • 0.20%Cost of funding earning assets
  • 0.56%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 6.71%Noninterest expense to earning assets
  • -5.97%Net operating income to assets
  • -5.97%Return on assets (ROA)
  • -5.97%Pretax return on assets
  • -27.69%Return on equity (ROE)
  • -27.69%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
  • 1,203,483Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%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
  • 14.73%Net loans and leases to core deposits
  • 20.88%Equity capital to assets
  • 21.56%Core capital (leverage) ratio
  • 62.77%Tier 1 risk-based capital ratio
  • 79.59%Total risk-based capital ratio
  • Memoranda
  • $80Average assets
  • $37,567Average earning assets
  • $8,101Average equity
  • $36,030Average loans

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