Commonwealth Bank
Norristown, PA — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Vitals
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Total Assets1.8B
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Total Deposits1.5B
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Total Net Loans1.1B
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Net Income18.3M
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Book Value147.2M
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Book Value x2294.4M
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Book Value x3441.6M
Balance Sheet Highlights
| Financial Highlights | Commonwealth Bank | All Insured Savings Banks in Pennsylvania |
| Balance Sheet $(000) | ||
| Total Assets | 1,845,545 | 367,107 |
| Total Net Loans | 1,076,267 | 218,108 |
| Total Deposits | 1,530,635 | 266,636 |
| Total Equity | 147,187 | 37,076 |
| Profitability | ||
| Net Income | 18,321 | 5,505 |
| Return on Average Assets | 1.034 | .834 |
| Return on Average Equity | 12.808 | 8.033 |
| Net Interest Margin | 4.813 | 3.27 |
| Efficiency Ratio | 68.486 | 64.259 |
| Noninterest Income/Revenue | 16.306 | 21.904 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 70.315 | 76.791 |
| Securities/Assets | .242 | .99 |
| Total Equity/Total Assets | .08 | .101 |
| Tangible Equity/Tangible Assets | .069 | -.749 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 119,053 | 33,919 |
| Tier 2 Capital | 14,958 | 2,549 |
| Total Capital | 134,011 | 36,735 |
| Total Risk Weighted Assets | 1,176,740 | 220,046 |
| Leverage Ratio | 6.66 | 10.184 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.12 | 19.117 |
| Total Capital Ratio | 11.39 | 20.099 |
Timeline for Commonwealth Bank
Citizens Bank Of Pennsylvania
Commonwealth Bank was acquired by Citizens Bank Of Pennsylvania 21 years
View Profile Jan 18 2003
Freedom Valley Federal Savings And Loan Association
Acquisition: Commonwealth Bank acquired a new subsidiary, Freedom Valley Federal Savings And Loan Association, 41 years
View Profile Apr 01 1983
First Family Federal Savings And Loan Association
Acquisition: Commonwealth Bank acquired a new subsidiary, First Family Federal Savings And Loan Association, 41 years
View Profile Jun 01 1982
Chester County Federal Savings And Loan Association
Acquisition: Commonwealth Bank acquired a new subsidiary, Chester County Federal Savings And Loan Association, 43 years
View Profile Jan 01 1981
Commonwealth Bank
Commonwealth Bank was established 101 years ago and is currently headquartered in Norristown, PA.
Jan 01 1923| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Citizens Bank Of Pennsylvania | Buyer | 35,754,064 | Acquisition | Discontinued | 1/18/2003 |
| Freedom Valley Federal Savings And Loan Association | Seller | Discontinued | 4/1/1983 | ||
| First Family Federal Savings And Loan Association | Seller | Discontinued | 6/1/1982 | ||
| Chester County Federal Savings And Loan Association | Seller | Failure | 1/1/1981 |
| Relationships | Role | Relationship Start | Relationship End |
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