The Victory Bank in Limerick, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Victory Bank - Overview

  • General
  • FDIC Certificate #: 58615
    Status: Active
    Federal Reserve ID: 3603961
    Bank Holding Company (Regulatory Top Holder): Victory Bancorp, Inc, The (RSSDID: 3939286, Location: Limerick, PA)
    Date Established: January 16, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 458392
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 16, 2008
    Last Structure Change Effective Date: March 13, 2011
    Last Structure Change Process Date: March 13, 2012
    Last Data Update: March 13, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 548 North Lewis Road, Limerick, PA 19468
    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)
  • Financial Summary
  • Total assets: $107.1 mil
    Equity capital: $9.7 mil
    Deposits held in domestic offices: $97.1 mil
    Return on assets (ROA): 0.76% ($0.8 mil)
    Quarterly return on assets: 1.66% ($1.8 mil)
    Return on Equity (ROE): 8.47% ($0.8 mil)
    Quarterly return on equity: 18.09% ($1.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.55% ($589.0 mil)
    Quarterly Pretax return on assets: 0.88% ($942.4 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
  • 24Total employees (full-time equivalent)
  • $107,089Total assets
  • $4,626Cash and due from depository institutions
  • $2,633Interest-bearing balances
  • $3,764Securities
  • $7,745Federal funds sold & reverse repurchase agreements
  • $84,536Net loans & leases
  • $1,078Loan loss allowance
  • $0Trading account assets
  • $3,854Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $107,089Life insurance assets
  • $2,564All other assets
  • $97,439Total liabilities and capital
  • $97,077Total liabilities
  • $83,542Total deposits
  • $97,077Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $362Subordinated debt
  • $9,650All other liabilities
  • $9,650Total equity capital
  • $9,650Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $14,512Surplus
  • $-4,863Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $315Income earned, not collected on loans
  • $0Earning assets
  • $288Long-term assets (5+ years)
  • $98,678Average Assets, year-to-date
  • $17,215Average Assets, quarterly
  • $96,075Volatile liabilities
  • $103,394Insider loans
  • $91,982FHLB advances
  • $103,384Loans and leases held for sale
  • $1,207Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,704Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,207Total unused commitments
  • $19,631Restructured Loans and leases
  • $2,276Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,681Total interest income
  • $1,090Total interest expense
  • $3,591Net interest income
  • $279Provision for loan and lease losses
  • $729Total noninterest income
  • $0Fiduciary activities
  • $126Service charges on deposit accounts
  • $0Trading account gains & fees
  • $603Additional noninterest income
  • $3,514Total noninterest expense
  • $1,896Salaries and employee benefits
  • $443Premises and equipment expense
  • $1,175Additional noninterest expense
  • $527Pre-tax net operating income
  • $0Securities gains (losses)
  • -$200Applicable income taxes
  • $727Income before extraordinary items
  • $0Extraordinary gains - net
  • $727Net income attributable to bank
  • $0Net charge-offs
  • $727Cash dividends
  • $134Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 8.47%Return on equity (ROE)
  • 8.47%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 208.21%Credit loss provision to net charge-offs
  • 6.01%Efficiency ratio
  • 81,343Assets per employee
  • 4.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 342.22%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 87.08%Net loans and leases to core deposits
  • 94.90%Equity capital to assets
  • 9.01%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 10.55%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $96,075Average earning assets
  • $8,581Average equity
  • $91,439Average loans

List of branches

  • 2 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0458392The Victory Bank548 North Lewis Road, Limerick, PA 19468January 16, 2008Full Service Brick and Mortar
    1477838Tri-County Messenger Service BranchMontgomery, Berks, And Chester Counties, Limerick, PA 19468June 17, 2008Limited Service Messenger

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