Customers Bank in Phoenixville, Pennsylvania (PA), NJ, NY
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Customers Bank in Phoenixville, Pennsylvania (PA), NJ, NY
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Customers Bank - Overview

  • General
  • FDIC Certificate #: 34444
    Status: Active
    Federal Reserve ID: 2354985
    Bank Holding Company (Regulatory Top Holder): Customers Bancorp, Inc (RSSDID: 4284536, Location: Wyomissing, PA)
    Date Established: June 26, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 16 (Domestic: 16, Interstate: Yes)
    FDIC's unique #: 57208
    Numeric code: 13
    Regulator: FED
    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: All Other Specialization > 1 Billion
    Date of Deposit Insurance: June 26, 1997
    Last Structure Change Effective Date: September 17, 2011
    Last Structure Change Process Date: September 28, 2011
    Last Data Update: September 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 99 Bridge St, Phoenixville, PA 19460
    County: Chester
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $2,077.5 mil
    Equity capital: $142.7 mil
    Deposits held in domestic offices: $1,587.9 mil
    Return on assets (ROA): 0.23% ($4.8 mil)
    Quarterly return on assets: 0.65% ($13.5 mil)
    Return on Equity (ROE): 3.22% ($4.6 mil)
    Quarterly return on equity: 9.23% ($13.2 mil)
    Net income: $4.0 mil
    Quarterly Net income: $3.2 mil
    Pretax return on assets: 0.34% ($7,063.6 mil)
    Quarterly Pretax return on assets: 0.97% ($20,152.1 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
  • 206Total employees (full-time equivalent)
  • $2,077,532Total assets
  • $73,569Cash and due from depository institutions
  • $65,804Interest-bearing balances
  • $398,684Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,502,480Net loans & leases
  • $15,032Loan loss allowance
  • $0Trading account assets
  • $9,421Bank premises and fixed assets
  • $13,482Other real estate owned
  • $1,598Goodwill and other intangibles
  • $2,077,532Life insurance assets
  • $78,298All other assets
  • $1,934,783Total liabilities and capital
  • $1,587,917Total liabilities
  • $1,469,145Total deposits
  • $1,587,917Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $331,000Trading liabilities
  • $2,000Other borrowed funds
  • $8,866Subordinated debt
  • $142,749All other liabilities
  • $142,749Total equity capital
  • $142,749Total bank equity capital
  • $0Perpetual preferred stock
  • $29,361Common stock
  • $99,092Surplus
  • $14,296Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $174,999Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $84,081Income earned, not collected on loans
  • $0Earning assets
  • $5,039Long-term assets (5+ years)
  • $1,966,968Average Assets, year-to-date
  • $356,644Average Assets, quarterly
  • $1,723,311Volatile liabilities
  • $1,970,211Insider loans
  • $1,418,804FHLB advances
  • $1,929,147Loans and leases held for sale
  • $29,268Unused loan commitments
  • $5,923Tier 1 (core) risk-based capital
  • $141,395Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,345Total unused commitments
  • $467,846Restructured Loans and leases
  • $3,432Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $61,438Total interest income
  • $22,463Total interest expense
  • $38,975Net interest income
  • $9,450Provision for loan and lease losses
  • $10,868Total noninterest income
  • $0Fiduciary activities
  • $373Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,495Additional noninterest income
  • $37,255Total noninterest expense
  • $16,690Salaries and employee benefits
  • $3,143Premises and equipment expense
  • $17,422Additional noninterest expense
  • $3,138Pre-tax net operating income
  • $2,731Securities gains (losses)
  • $1,835Applicable income taxes
  • $4,034Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,034Net income attributable to bank
  • $0Net charge-offs
  • $4,034Cash dividends
  • $9,547Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.75%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 2.38%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.27%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 3.22%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 98.98%Credit loss provision to net charge-offs
  • 1.32%Efficiency ratio
  • 74,745Assets per employee
  • 10.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 17.88%Noncurrent assets plus other real estate owned to assets
  • 4.70%Noncurrent loans to loans
  • 5.54%Net loans and leases to deposits
  • 94.62%Net loans and leases to core deposits
  • 101.90%Equity capital to assets
  • 6.87%Core capital (leverage) ratio
  • 7.33%Tier 1 risk-based capital ratio
  • 9.97%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,723,311Average earning assets
  • $125,456Average equity
  • $1,638,031Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11521900Hamilton Branch2419 Nottingham Way, Hamilton, NJ 8619January 18, 2011Full Service Brick and Mortar
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5438823Port Chester Branch601 North Main Street, Port Chester, NY 10573December 22, 2005Full Service Brick and Mortar
  • 14 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057208Customers Bank99 Bridge St, Phoenixville, PA 19460June 26, 1997Full Service Brick and Mortar
    1364181Newtown Square Branch3557 West Chester Pike, Newtown Square, PA 19073March 15, 2000Full Service Brick and Mortar
    2430910Wayne Branch153 East Lancaster Avenue, Wayne, PA 19087June 10, 2004Full Service Brick and Mortar
    3453532Malvern Branch215 Lancaster Avenue, Malvern, PA 19355May 30, 2006Full Service Brick and Mortar
    4480098Phoenixville Branch99 Bridge Street, Phoenixville, PA 19460June 16, 2008Full Service Brick and Mortar
    6510966Doylestown Branch73 Old Dublin Pike, Doylestown, PA 18901June 20, 2010Full Service Brick and Mortar
    8512610Newtown/Langhorne Branch12 Summit Square Center, Langhorne, PA 19047July 07, 2010Full Service Brick and Mortar
    9512611Wyomissing Branch1001 Penn Ave, Wyomissing, PA 19610August 05, 2010Full Service Brick and Mortar
    10512612Yardley Branch1 South Main St, Yardley, PA 19067September 11, 2010Full Service Brick and Mortar
    123642801101 Woodland Branch1101 Woodland Road, Wyomissing, PA 19610September 23, 2003Full Service Brick and Mortar
    13451930Muhlenberg Branch350 East Bellevue Avenue, Reading, PA 19605April 21, 2006Full Service Brick and Mortar
    14419310Reading Airport Branch2493 Bernville Road, Reading, PA 19612May 01, 2003Full Service Brick and Mortar
    15424620West Reading Branch555 Penn Av (West Reading Shopping Center), West Reading, PA 19611September 15, 2003Full Service Brick and Mortar
    16474332Exeter Branch1 Hearthstone Court, Reading, PA 19606August 24, 2007Full Service Brick and Mortar

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