SEI Private Trust Company in Oaks, Pennsylvania (PA)



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SEI Private Trust Company
GeneralFDIC Certificate #: 35388
Status: Active
Federal Reserve ID: 2973386
Date Established: January 02, 2001
WWW: http://www.seic.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 16509
FDIC's unique #: 78856
Numeric code: 33
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 02, 2001
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1 Freedom Valley Dr, Oaks, PA 19456
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $108.9 mil
Equity capital: $97.6 mil
Deposits held in domestic offices: $0.5 mil
Return on assets (ROA): 15.09% ($16.4 mil)
Quarterly return on assets: 13.71% ($14.9 mil)
Return on Equity (ROE): 16.79% ($16.5 mil)
Quarterly return on equity: 15.16% ($14.9 mil)
Net income: $16.9 mil
Quarterly Net income: $3.9 mil
Pretax return on assets: 24.56% ($26,741.2 mil)
Quarterly Pretax return on assets: 22.11% ($24,073.6 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)
Total employees (full-time equivalent)410
Total assets$108,881
Cash and due from depository institutions$8,236
Interest-bearing balances$0
Securities$76,617
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$0
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$6
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$24,022
Life insurance assets$108,881
Total liabilities and capital$11,329
Total liabilities$500
Total deposits$0
Interest-bearing deposits$500
Deposits held in domestic offices$50
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $10,829
All other liabilities $97,552
Total equity capital$97,552
Total bank equity capital$97,552
Perpetual preferred stock$0
Common stock$500
Surplus$4,702
Undivided profits $92,350
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $131
Average Assets, year-to-date $76,617
Average Assets, quarterly $0
Volatile liabilities $111,885
Insider loans $113,945
FHLB advances $28,419
Loans and leases held for sale $104,487
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $94,709
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,932
Total interest expense $2
Net interest income $2,930
Provision for loan and lease losses $0
Total noninterest income $148,431
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $148,431
Total noninterest expense $123,845
Salaries and employee benefits $30,479
Premises and equipment expense $36,006
Additional noninterest expense $57,360
Pre-tax net operating income $27,516
Securities gains (losses) -$39
Applicable income taxes $10,596
Income before extraordinary items $16,881
Extraordinary gains - net $0
Net income attributable to bank $16,881
Net charge-offs $0
Cash dividends $16,881
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.05%
Cost of funding earning assets 0.00%
Net interest margin 4.05%
Noninterest income to earning assets 205.28%
Noninterest expense to earning assets 171.28%
Net operating income to assets 15.11%
Return on assets (ROA) 15.09%
Pretax return on assets 24.56%
Return on equity (ROE) 16.79%
Retained earnings to average equity (YTD only) 1.87%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$81,821
Cash dividends to net income (YTD only)0.27%
Condition Ratios (%)
Loss allowance to loans 88.86%
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 deposits0.00%
Net loans and leases to core deposits 0.00%
Equity capital to assets 0.00%
Core capital (leverage) ratio 89.60%
Tier 1 risk-based capital ratio 90.64%
Total risk-based capital ratio 333.26%
Memoranda
Average assets$333
Average earning assets$111,885
Average equity $100,521
Average loans $72,307
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$17,706,916
Number of Accounts1
Personal trust and agency accounts$281,105
Employee benefit-defined contribution accounts$153,509
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$127,596
Number of Accounts8537
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$17,425,811
Corporate trust and agency accounts$206,501
Other fiduciary accounts$2,274,542
Fiduciary accounts held in foreign offices$1,143,231
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1 Pennsylvania Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078856Sei Private Trust Company1 Freedom Valley Dr, Oaks, PA 19456January 02, 2001Full Service Brick and Mortar
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