The Elverson National Bank in Elverson, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 04, 1999

  • The Elverson National Bank in Elverson, Pennsylvania (PA)
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The Elverson National Bank - Overview

  • General
  • FDIC Certificate #: 7490
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National Penn Bank (#7414)
    Federal Reserve ID: 547112
    Date Established: January 01, 1915
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 10147
    FDIC's unique #: 4863
    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 01, 1934
    Last Structure Change Effective Date: January 04, 1999
    Last Structure Change Process Date: Febuary 26, 1999
    Last Data Update: Febuary 26, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 23, Elverson, PA 19520
    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: $324.7 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, 1998)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $324,654Total assets
  • $30,700Cash and due from depository institutions
  • $22,250Interest-bearing balances
  • $101,303Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,299Net loans & leases
  • $3,489Loan loss allowance
  • $0Trading account assets
  • $4,359Bank premises and fixed assets
  • $452Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,541All other assets
  • $324,654Total liabilities and capital
  • $296,337Total liabilities
  • $265,387Total deposits
  • $217,659Interest-bearing deposits
  • $265,387Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,722Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,149Other borrowed funds
  • $0Subordinated debt
  • $2,079All other liabilities
  • $28,317Total equity capital
  • $28,317Total bank equity capital
  • $28,317Perpetual preferred stock
  • $0Common stock
  • $3,253Surplus
  • $17,681Undivided profits
  • Memoranda
  • $7,383Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,642Earning assets
  • $0Long-term assets (5+ years)
  • $792Average Assets, year-to-date
  • $307,852Average Assets, quarterly
  • $68,555Volatile liabilities
  • $300,342Insider loans
  • $319,096FHLB advances
  • $46,050Loans and leases held for sale
  • $2,215Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $144Total risk weighted assets
  • $42,615Total unused commitments
  • $0Restructured Loans and leases
  • $206,261Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $22,409Total interest income
  • $9,843Total interest expense
  • $12,566Net interest income
  • $860Provision for loan and lease losses
  • $1,706Total noninterest income
  • $0Fiduciary activities
  • $809Service charges on deposit accounts
  • $0Trading account gains & fees
  • $897Additional noninterest income
  • $9,949Total noninterest expense
  • $5,003Salaries and employee benefits
  • $1,744Premises and equipment expense
  • $3,202Additional noninterest expense
  • $3,463Pre-tax net operating income
  • $17Securities gains (losses)
  • $1,045Applicable income taxes
  • $2,435Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,435Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $716Sale, conversion, retirement of capital stock, net
  • $616Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.95%Yield on earning assets
  • 3.49%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 6.66%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 120.11%Credit loss provision to net charge-offs
  • 6.04%Efficiency ratio
  • 69,710Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.30%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 212.48%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 69.45%Net loans and leases to core deposits
  • 74.30%Equity capital to assets
  • 8.72%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 13.50%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $300,342Average earning assets
  • $27,328Average equity
  • $281,719Average loans

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