First Priority Bank in Malvern, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Priority Bank in Malvern, Pennsylvania (PA)
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First Priority Bank - Overview

  • General
  • FDIC Certificate #: 58092
    Status: Active
    Federal Reserve ID: 3355587
    Bank Holding Company (Regulatory Top Holder): First Priority Financial Corp. (RSSDID: 3597042, Location: Malvern, PA)
    Date Established: November 14, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 439643
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 14, 2005
    Last Structure Change Effective Date: August 24, 2011
    Last Structure Change Process Date: September 23, 2011
    Last Data Update: September 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 West Liberty Boulevard, Malvern, PA 19355
    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)
  • Financial Summary
  • Total assets: $285.8 mil
    Equity capital: $27.7 mil
    Deposits held in domestic offices: $246.1 mil
    Return on assets (ROA): 0.06% ($0.2 mil)
    Quarterly return on assets: 0.47% ($1.3 mil)
    Return on Equity (ROE): 0.61% ($0.2 mil)
    Quarterly return on equity: 4.86% ($1.4 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.03% ($85.7 mil)
    Quarterly Pretax return on assets: 0.46% ($1,314.5 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
  • 46Total employees (full-time equivalent)
  • $285,757Total assets
  • $16,217Cash and due from depository institutions
  • $12,975Interest-bearing balances
  • $25,261Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $237,645Net loans & leases
  • $2,470Loan loss allowance
  • $0Trading account assets
  • $1,026Bank premises and fixed assets
  • $230Other real estate owned
  • $1,083Goodwill and other intangibles
  • $285,757Life insurance assets
  • $4,295All other assets
  • $258,066Total liabilities and capital
  • $246,054Total liabilities
  • $222,161Total deposits
  • $246,054Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $1,012Subordinated debt
  • $27,691All other liabilities
  • $27,691Total equity capital
  • $27,691Total bank equity capital
  • $9,289Perpetual preferred stock
  • $2,108Common stock
  • $26,694Surplus
  • $-10,400Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,816Income earned, not collected on loans
  • $0Earning assets
  • $1,056Long-term assets (5+ years)
  • $275,881Average Assets, year-to-date
  • $89,234Average Assets, quarterly
  • $282,483Volatile liabilities
  • $287,738Insider loans
  • $220,307FHLB advances
  • $286,756Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,747Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $51,876Restructured Loans and leases
  • $7,192Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,625Total interest income
  • $4,319Total interest expense
  • $9,306Net interest income
  • $1,082Provision for loan and lease losses
  • -$37Total noninterest income
  • $0Fiduciary activities
  • $86Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$123Additional noninterest income
  • $9,217Total noninterest expense
  • $5,264Salaries and employee benefits
  • $1,076Premises and equipment expense
  • $2,877Additional noninterest expense
  • -$1,030Pre-tax net operating income
  • $1,114Securities gains (losses)
  • -$83Applicable income taxes
  • $167Income before extraordinary items
  • $0Extraordinary gains - net
  • $167Net income attributable to bank
  • $0Net charge-offs
  • $167Cash dividends
  • $873Sale, conversion, retirement of capital stock, net
  • $479Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 3.45%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • -0.34%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.61%Return on equity (ROE)
  • -1.14%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 123.94%Credit loss provision to net charge-offs
  • 0.06%Efficiency ratio
  • 99,439Assets per employee
  • 6.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 286.83%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 36.24%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 96.58%Net loans and leases to core deposits
  • 129.93%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 11.69%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $282,483Average earning assets
  • $27,259Average equity
  • $269,901Average loans

List of branches

  • 6 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439643First Priority Bank2 West Liberty Boulevard, Malvern, PA 19355November 14, 2005Full Service Brick and Mortar
    1462253Wyomissing Branch1200 Broadcasting Road, Wyomissing, PA 19610March 19, 2007Full Service Brick and Mortar
    3458015Newtown Branch104 Pheasant Run, Newtown, PA 18940October 16, 2007Full Service Brick and Mortar
    4480731Plumstead Branch5936 Easton Road, Pipersville, PA 18947Febuary 29, 2008Full Service Brick and Mortar
    5492921Blue Bell Office Branch10 Sentry Parkway, Suite 100, Blue Bell, PA 19422April 01, 2009Full Service Brick and Mortar
    6513633Towamencin Branch1758 Allentown Road, Lansdale, PA 19446October 22, 2010Full Service Brick and Mortar

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