Beneficial Mutual Savings Bank in Philadelphia, Pennsylvania (PA), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Beneficial Mutual Savings Bank in Philadelphia, Pennsylvania (PA), NJ
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Beneficial Mutual Savings Bank - Overview

  • General
  • FDIC Certificate #: 15697
    Status: Active
    Federal Reserve ID: 810919
    Date Established: April 20, 1853
    WWW: http://www.thebeneficial.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 60 (Domestic: 60, Interstate: Yes)
    OTS Docket #: 14407
    FDIC's unique #: 9965
    Numeric code: 42
    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: All Other Specialization > 1 Billion
    Date of Deposit Insurance: November 21, 1939
    Last Structure Change Effective Date: April 14, 2011
    Last Structure Change Process Date: July 08, 2011
    Last Data Update: July 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 530 Walnut Street, Philadelphia, PA 19106
    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
  • Name Change
  • Financial Summary
  • Total assets: $4,590.2 mil
    Equity capital: $591.0 mil
    Deposits held in domestic offices: $3,659.5 mil
    Return on assets (ROA): 0.24% ($11.0 mil)
    Quarterly return on assets: 0.52% ($23.9 mil)
    Return on Equity (ROE): 1.95% ($11.5 mil)
    Quarterly return on equity: 4.09% ($24.2 mil)
    Net income: $11.4 mil
    Quarterly Net income: $6.0 mil
    Pretax return on assets: 0.20% ($9,180.4 mil)
    Quarterly Pretax return on assets: 0.39% ($17,901.8 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
  • 802Total employees (full-time equivalent)
  • $4,590,203Total assets
  • $348,288Cash and due from depository institutions
  • $306,993Interest-bearing balances
  • $1,354,283Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,521,872Net loans & leases
  • $54,213Loan loss allowance
  • $0Trading account assets
  • $58,949Bank premises and fixed assets
  • $17,775Other real estate owned
  • $124,467Goodwill and other intangibles
  • $4,590,203Life insurance assets
  • $164,569All other assets
  • $3,999,220Total liabilities and capital
  • $3,659,465Total liabilities
  • $3,377,399Total deposits
  • $3,659,465Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 125000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100,000Trading liabilities
  • $0Other borrowed funds
  • $114,755Subordinated debt
  • $590,983All other liabilities
  • $590,983Total equity capital
  • $590,983Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $283,861Surplus
  • $307,122Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,251Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $136,348Income earned, not collected on loans
  • $28,423Earning assets
  • $16,400Long-term assets (5+ years)
  • $4,183,148Average Assets, year-to-date
  • $2,658,792Average Assets, quarterly
  • $4,748,175Volatile liabilities
  • $4,608,049Insider loans
  • $2,447,053FHLB advances
  • $4,575,621Loans and leases held for sale
  • $54,852Unused loan commitments
  • $19,575Tier 1 (core) risk-based capital
  • $442,598Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,277Total unused commitments
  • $242,630Restructured Loans and leases
  • $202Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $180,056Total interest income
  • $38,209Total interest expense
  • $141,847Net interest income
  • $37,500Provision for loan and lease losses
  • $22,918Total noninterest income
  • $0Fiduciary activities
  • $6,962Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,956Additional noninterest income
  • $118,160Total noninterest expense
  • $55,845Salaries and employee benefits
  • $18,938Premises and equipment expense
  • $43,377Additional noninterest expense
  • $9,105Pre-tax net operating income
  • $521Securities gains (losses)
  • -$1,737Applicable income taxes
  • $11,363Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,363Net income attributable to bank
  • $0Net charge-offs
  • $11,363Cash dividends
  • $28,654Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.95%Return on equity (ROE)
  • 1.95%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 130.87%Credit loss provision to net charge-offs
  • 1.63%Efficiency ratio
  • 69,539Assets per employee
  • 5.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 39.76%Noncurrent assets plus other real estate owned to assets
  • 3.36%Noncurrent loans to loans
  • 5.29%Net loans and leases to deposits
  • 68.91%Net loans and leases to core deposits
  • 73.09%Equity capital to assets
  • 12.87%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 18.09%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $4,748,175Average earning assets
  • $583,458Average equity
  • $4,308,569Average loans

List of branches

  • 25 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    45458786Sicklerville Branch483 Cross Keys Road, Sicklerville, NJ 8081January 28, 2007Full Service Brick and Mortar
    47465883Audubon Branch157 Whitehorse Pike, Audubon, NJ 8106July 14, 2007Full Service Brick and Mortar
    48465884Browns Mills Branch101 Pemberton Browns Mills Road, Browns Mills, NJ 8015July 14, 2007Full Service Brick and Mortar
    494658854406 Route 130 North Branch4406 Route 130 North, Willingboro, NJ 8046July 14, 2007Full Service Brick and Mortar
    50465886Neck Road Branch1029 Neck Road, Burlington, NJ 8016July 14, 2007Full Service Brick and Mortar
    51465887Bordentown Branch335 Farnsworth Avenue, Bordentown, NJ 8505July 14, 2007Full Service Brick and Mortar
    52465888Burlington Township Branch809 Sunset Road, Burlington, NJ 8016July 14, 2007Full Service Brick and Mortar
    55465891Chesterfield Branch305 Bordentown-Chesterfield Road, Chesterfield, NJ 8515July 14, 2007Full Service Brick and Mortar
    574658933002 Route 130 North Branch3002 Route 130 North, Delran, NJ 8075July 14, 2007Full Service Brick and Mortar
    59465895Edgewater Park Branch1149 Cooper Street, Edgewater Park, NJ 8010July 14, 2007Full Service Brick and Mortar
    61465897Lumberton Branch1636 - 61 Route 38 & Eayrestown Road, Lumberton, NJ 8048July 14, 2007Full Service Brick and Mortar
    62465899Medford Lakes Branch700 Strokes Road, Medford Lakes, NJ 8055July 14, 2007Full Service Brick and Mortar
    63465900Moorestown Branch53 East Main Street, Moorestown, NJ 8057July 14, 2007Full Service Brick and Mortar
    64465901Mount Holly Branch555 High Street, Mount Holly, NJ 8060July 14, 2007Full Service Brick and Mortar
    66465903Church Road Branch4522 Church Road, Mount Laurel, NJ 8054July 14, 2007Full Service Brick and Mortar
    70465907Route 70 Branch1841 Route 70, Southampton, NJ 8088July 14, 2007Full Service Brick and Mortar
    71465908Route 206 Branch1484 Route 206, Tabernacle, NJ 8088July 14, 2007Full Service Brick and Mortar
    72465950Pennsauken BranchRoute 130 & Merchantville Avenue, Pennsauken, NJ 8110July 14, 2007Full Service Brick and Mortar
    74465952Willingboro East Branch611 Beverly-Rancocas Road, Willingboro, NJ 8046July 14, 2007Full Service Brick and Mortar
    7541269Farmers & Mechanics Branch3 Sunset Road And Route 541, Burlington, NJ 8016January 01, 1871Full Service Brick and Mortar
    91267595Route 38 Branch3220 Route 38, Mount Laurel, NJ 8054November 12, 1996Full Service Brick and Mortar
    119480406Medford-Tuckerton Branch200 Tuckerton Road, Medford, NJ 8055July 16, 2007Full Service Brick and Mortar
    122495170Riverton Branch712 Broad Street, Riverton, NJ 8077July 03, 2009Full Service Brick and Mortar
    123509817Park East Plaza818 Haddonfield Road, Cherry Hill, NJ 8002May 15, 2010Full Service Brick and Mortar
    124509818Springdale Road1901 Route 70 East, Cherry Hill, NJ 8003May 15, 2010Full Service Brick and Mortar
  • 35 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09965Beneficial Mutual Savings Bank530 Walnut Street, Philadelphia, PA 19106April 20, 1853Full Service Brick and Mortar
    1234971Lawrence Park Branch1991 Sproul Rd, Ste 22, Broomall, PA 19008October 03, 1960Full Service Brick and Mortar
    3234973City Line Center Branch7622 City Line Avenue, Philadelphia, PA 19151April 27, 1949Full Service Brick and Mortar
    4234974Kensington Branch826 East Allegheny Avenue, Philadelphia, PA 19134December 08, 1924Full Service Brick and Mortar
    6234976South Philadelphia Branch2037 South Broad Street, Philadelphia, PA 19148November 29, 1928Full Service Brick and Mortar
    7234977Woodland Avenue Branch6401 Woodland Avenue, Philadelphia, PA 19142April 20, 1954Full Service Brick and Mortar
    82349781600 Chestnut Street Branch1600 Chestnut Street, Philadelphia, PA 19103March 30, 1955Full Service Brick and Mortar
    11234981Academy Plaza Center BranchAcademy And Red Lions Roads, Philadelphia, PA 19114October 14, 1968Full Service Brick and Mortar
    12234982Baltimore Pike Branch410 W Branch Pike, Clifton Heights, PA 19018December 09, 1968Full Service Brick and Mortar
    13234983Rosemore Branch1043 W County Line Road, Hatboro, PA 19040September 14, 1970Full Service Brick and Mortar
    14234984Folcroft Branch1822 Delmar Drive, Folcroft, PA 19032April 23, 1971Full Service Brick and Mortar
    15234985Eddystone Branch1571 Chester Pike, Eddystone, PA 19022December 10, 1971Full Service Brick and Mortar
    17234987Spring House Branch509 Springhouse Village Shopping Center, Spring House, PA 19477June 10, 1972Full Service Brick and Mortar
    18234988Narberth Branch901 Montgomery Avenue, Narberth, PA 19072September 29, 1972Full Service Brick and Mortar
    202349901139-53 Chestnut Street Branch1139 Chestnut Street, Philadelphia, PA 19107Febuary 01, 1973Full Service Brick and Mortar
    21234991Yeadon Branch727 Church Lane, Ste 1, Yeadon, PA 19050March 23, 1973Full Service Brick and Mortar
    22234992Ardmore Branch177 West Lancaster Avenue, Ardmore, PA 19003Febuary 20, 1974Full Service Brick and Mortar
    23234993Mayfair Branch7262-64 Frankford Avenue, Philadelphia, PA 19135October 23, 1974Full Service Brick and Mortar
    24234994Bensalem Branch1903 St Rd, Bensalem, PA 19020January 29, 1975Full Service Brick and Mortar
    26234996Baederwood Branch1601 The Fairway, Jenkintown, PA 19046January 05, 1976Full Service Brick and Mortar
    27234997Township Line Branch1200 West Township Line Road, Havertown, PA 19083April 29, 1977Full Service Brick and Mortar
    28234998Newtown Branch2 A Route 413 And Doublewoods Road, Langhorne, PA 19047April 12, 1995Full Service Brick and Mortar
    30235000Whitemarsh Shopping Center Branch2 E Ridge Pike, Conshohocken, PA 19428April 14, 1997Full Service Brick and Mortar
    31235001Edgmont Branch4733 West Chester Pike, Newtown Square, PA 19073May 05, 1997Full Service Brick and Mortar
    35235004Montgomeryville Branch640 Cowpath Road, Lansdale, PA 19446June 07, 1999Full Service Brick and Mortar
    36235005Exton Branch267 Main Street, Exton, PA 19341November 16, 1999Full Service Brick and Mortar
    37362442Holme Circle Shopping Center Branch2845 Holme Avenue, Philadelphia, PA 19152August 20, 2001Full Service Brick and Mortar
    38430993East Norriton Branch2905 Whitehall Road, Norristown, PA 19403August 02, 2004Full Service Brick and Mortar
    39433583Aramingo Avenue Branch2514 Aramingo Avenue, Philadelphia, PA 19125October 12, 2004Full Service Brick and Mortar
    41439930Fox Chase Branch1411 Rhawn Street, Philadelphia, PA 19111April 18, 2005Full Service Brick and Mortar
    42439931Tyson & Brous Branch6918 Brous Avenue, Philadelphia, PA 19149April 14, 2005Full Service Brick and Mortar
    44447916Easton Branch1560 Easton Road, Warrington, PA 18976January 30, 2006Full Service Brick and Mortar
    46460989Flourtown Branch1311 Bethlehem Pike, Flourtown, PA 19031Febuary 26, 2007Full Service Brick and Mortar
    120480430Lansdale Branch1600 Sumneytown Pike, Lansdale, PA 19446June 30, 2008Full Service Brick and Mortar
    121487488La Salle Branch5301 Chew Avenue, Building D, Philadelphia, PA 19138December 22, 2008Full Service Brick and Mortar

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