William Penn Bank in Levittown, Pennsylvania (PA)



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William Penn Bank
GeneralFDIC Certificate #: 27799
Status: Active
Federal Reserve ID: 664176
Date Established: January 01, 1870
WWW: http://www.willpenn.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 299
FDIC's unique #: 40633
Numeric code: 41
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: September 16, 1953
Last Structure Change Effective Date: January 25, 2012
Last Structure Change Process Date: January 31, 2012
Last Data Update: January 31, 2012
Data Source Date: April 05, 2012
LocationAddress: 8150 Route No 13, Levittown, PA 19057
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)
History of ChangesName Change
Change in Primary Regulatory Agency
Change in Supervisory Agency
Financial SummaryTotal assets: $316.3 mil
Equity capital: $51.1 mil
Deposits held in domestic offices: $182.0 mil
Return on assets (ROA): 0.84% ($2.7 mil)
Quarterly return on assets: 0.85% ($2.7 mil)
Return on Equity (ROE): 5.41% ($2.8 mil)
Quarterly return on equity: 5.36% ($2.7 mil)
Net income: $2.7 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.26% ($3,985.9 mil)
Quarterly Pretax return on assets: 1.30% ($4,112.5 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)
Total employees (full-time equivalent)40
Total assets$316,345
Cash and due from depository institutions$20,771
Interest-bearing balances$19,854
Securities$40,049
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$242,653
Loan loss allowance $2,725
Trading account assets$0
Bank premises and fixed assets$3,483
Other real estate owned$1,120
Goodwill and other intangibles$0
All other assets$8,269
Life insurance assets$316,345
Total liabilities and capital$265,291
Total liabilities$181,960
Total deposits$179,789
Interest-bearing deposits$181,960
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$80,500
Other borrowed funds $0
Subordinated debt $2,831
All other liabilities $51,054
Total equity capital$51,054
Total bank equity capital$51,054
Perpetual preferred stock$0
Common stock$10
Surplus$4,754
Undivided profits $46,290
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 $3,909
Earning assets $0
Long-term assets (5+ years) $1,057
Average Assets, year-to-date $302,556
Average Assets, quarterly $0
Volatile liabilities $321,201
Insider loans $318,373
FHLB advances $193,709
Loans and leases held for sale $315,829
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $50,538
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $19,514
Derivatives$993
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,806
Total interest expense $5,349
Net interest income $9,457
Provision for loan and lease losses $971
Total noninterest income $135
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $135
Total noninterest expense $4,808
Salaries and employee benefits $2,922
Premises and equipment expense $865
Additional noninterest expense $1,021
Pre-tax net operating income $3,813
Securities gains (losses) $249
Applicable income taxes $1,361
Income before extraordinary items $2,701
Extraordinary gains - net $0
Net income attributable to bank $2,701
Net charge-offs $0
Cash dividends $2,701
Sale, conversion, retirement of capital stock, net $476
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.81%
Cost of funding earning assets 1.74%
Net interest margin 3.07%
Noninterest income to earning assets 0.04%
Noninterest expense to earning assets 1.56%
Net operating income to assets 0.79%
Return on assets (ROA) 0.84%
Pretax return on assets 1.26%
Return on equity (ROE) 5.41%
Retained earnings to average equity (YTD only) 5.41%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 203.99%
Efficiency ratio10.05%
Assets per employee$50,125
Cash dividends to net income (YTD only)7.91%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.11%
Noncurrent assets plus other real estate owned to assets 69.71%
Noncurrent loans to loans 1.50%
Net loans and leases to deposits1.59%
Net loans and leases to core deposits 133.36%
Equity capital to assets 146.53%
Core capital (leverage) ratio 16.14%
Tier 1 risk-based capital ratio 16.00%
Total risk-based capital ratio 26.09%
Memoranda
Average assets$27
Average earning assets$321,201
Average equity $49,892
Average loans $307,678
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4 Pennsylvania Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
040633William Penn Bank8150 Route No 13, Levittown, PA 19057January 01, 1870Full Service Brick and Mortar
1263477906 Second Street Pike Branch906 Second Street Pike, Richboro, PA 18954January 01, 1870Full Service Brick and Mortar
2263478400 West Trenton Ave Branch400 West Trenton Ave, Morrisville, PA 19067January 01, 1870Full Service Brick and Mortar
3522061Woodbourne Branch1309 S. Woodbourne Rd, Levittown, PA 19057April 25, 2011Full Service Brick and Mortar
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