Washington Savings Bank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Washington Savings Bank in Philadelphia, Pennsylvania (PA)
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Washington Savings Bank - Overview

  • General
  • FDIC Certificate #: 29281
    Status: Active
    Federal Reserve ID: 231671
    Date Established: January 01, 1903
    WWW: http://www.washingtonsav.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 3217
    FDIC's unique #: 42115
    Numeric code: 38
    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: May 09, 1941
    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
  • Location
  • Address: 2900 Comly Road, Philadelphia, PA 19154
    County: Philadelphia
    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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $171.6 mil
    Equity capital: $13.8 mil
    Deposits held in domestic offices: $154.6 mil
    Return on assets (ROA): -0.01% (-$0.0 mil)
    Quarterly return on assets: 0.07% ($0.1 mil)
    Return on Equity (ROE): -0.09% (-$0.0 mil)
    Quarterly return on equity: 0.90% ($0.1 mil)
    Net income: -$0.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.04% (-$68.6 mil)
    Quarterly Pretax return on assets: 0.10% ($171.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 40Total employees (full-time equivalent)
  • $171,613Total assets
  • $34,828Cash and due from depository institutions
  • $30,026Interest-bearing balances
  • $10,171Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,200Net loans & leases
  • $499Loan loss allowance
  • $0Trading account assets
  • $5,958Bank premises and fixed assets
  • $1,372Other real estate owned
  • $48Goodwill and other intangibles
  • $171,614Life insurance assets
  • $5,036All other assets
  • $157,821Total liabilities and capital
  • $154,619Total liabilities
  • $148,351Total deposits
  • $154,619Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,819Trading liabilities
  • $0Other borrowed funds
  • $383Subordinated debt
  • $13,793All other liabilities
  • $13,793Total equity capital
  • $13,793Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,793Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $437Income earned, not collected on loans
  • $0Earning assets
  • $439Long-term assets (5+ years)
  • $154,397Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $177,820Volatile liabilities
  • $172,218Insider loans
  • $90,088FHLB advances
  • $170,250Loans and leases held for sale
  • $2,666Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,148Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,509Restructured Loans and leases
  • $1,097Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,822Total interest income
  • $2,368Total interest expense
  • $4,454Net interest income
  • $58Provision for loan and lease losses
  • $616Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $616Additional noninterest income
  • $5,081Total noninterest expense
  • $2,248Salaries and employee benefits
  • $1,548Premises and equipment expense
  • $1,285Additional noninterest expense
  • -$69Pre-tax net operating income
  • $0Securities gains (losses)
  • -$56Applicable income taxes
  • -$13Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13Net income attributable to bank
  • $0Net charge-offs
  • -$13Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 2.74%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • -0.01%Net operating income to assets
  • -0.01%Return on assets (ROA)
  • -0.04%Pretax return on assets
  • -0.09%Return on equity (ROE)
  • -0.09%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 73.42%Credit loss provision to net charge-offs
  • -0.14%Efficiency ratio
  • 100,217Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.44%Loss allowance to noncurrent loans
  • 114.19%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 73.86%Net loans and leases to core deposits
  • 76.74%Equity capital to assets
  • 8.04%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $177,820Average earning assets
  • $13,762Average equity
  • $162,490Average loans

List of branches

  • 5 Pennsylvania Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042115Washington Savings Bank2900 Comly Road, Philadelphia, PA 19154January 01, 1903Full Service Brick and Mortar
    100274195East Lehigh Avenue Branch2548 E Lehigh Avenue, Philadelphia, PA 19125January 01, 1903Full Service Brick and Mortar
    103274197Bustleton Avenue Branch10663 Bustleton Avenue, Philadelphia, PA 19116June 30, 1996Full Service Brick and Mortar
    104495222Allegheny Avenue Branch2701 East Allegheny Avenue, Philadelphia, PA 19134June 30, 2005Full Service Brick and Mortar
    105495223Frankford Avenue Branch8729 Frankford Avenue, Philadelphia, PA 19136November 01, 2000Full Service Brick and Mortar

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