First Resource Bank in Exton, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Resource Bank - Overview

  • General
  • FDIC Certificate #: 57967
    Status: Active
    Federal Reserve ID: 3349241
    Date Established: May 02, 2005
    WWW: http://www.firstresourcebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 432803
    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: May 02, 2005
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Marchwood Road, Exton, PA 19341
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $136.0 mil
    Equity capital: $15.2 mil
    Deposits held in domestic offices: $119.9 mil
    Return on assets (ROA): 0.64% ($0.9 mil)
    Quarterly return on assets: 0.68% ($0.9 mil)
    Return on Equity (ROE): 5.66% ($0.8 mil)
    Quarterly return on equity: 6.13% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.96% ($1,305.8 mil)
    Quarterly Pretax return on assets: 1.03% ($1,401.0 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
  • 16Total employees (full-time equivalent)
  • $136,019Total assets
  • $1,805Cash and due from depository institutions
  • $1,341Interest-bearing balances
  • $12,070Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,997Net loans & leases
  • $1,459Loan loss allowance
  • $0Trading account assets
  • $149Bank premises and fixed assets
  • $1,156Other real estate owned
  • $0Goodwill and other intangibles
  • $136,019Life insurance assets
  • $4,842All other assets
  • $120,803Total liabilities and capital
  • $119,943Total liabilities
  • $114,143Total deposits
  • $119,943Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $860Subordinated debt
  • $15,216All other liabilities
  • $15,216Total equity capital
  • $15,216Total bank equity capital
  • $5,083Perpetual preferred stock
  • $1,453Common stock
  • $9,629Surplus
  • $-949Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,832Income earned, not collected on loans
  • $0Earning assets
  • $435Long-term assets (5+ years)
  • $129,408Average Assets, year-to-date
  • $15,693Average Assets, quarterly
  • $132,623Volatile liabilities
  • $135,737Insider loans
  • $108,431FHLB advances
  • $135,887Loans and leases held for sale
  • $2,713Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,120Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,713Total unused commitments
  • $15,425Restructured Loans and leases
  • $5,068Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,714Total interest income
  • $1,725Total interest expense
  • $4,989Net interest income
  • $578Provision for loan and lease losses
  • -$13Total noninterest income
  • $0Fiduciary activities
  • $31Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$44Additional noninterest income
  • $3,121Total noninterest expense
  • $1,456Salaries and employee benefits
  • $290Premises and equipment expense
  • $1,375Additional noninterest expense
  • $1,277Pre-tax net operating income
  • $0Securities gains (losses)
  • $434Applicable income taxes
  • $843Income before extraordinary items
  • $0Extraordinary gains - net
  • $843Net income attributable to bank
  • $0Net charge-offs
  • $843Cash dividends
  • $519Sale, conversion, retirement of capital stock, net
  • $341Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.91%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 5.66%Return on equity (ROE)
  • 3.37%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 111.37%Credit loss provision to net charge-offs
  • 3.57%Efficiency ratio
  • 62,721Assets per employee
  • 8.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.45%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 79.64%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 1.56%Net loans and leases to deposits
  • 96.71%Net loans and leases to core deposits
  • 118.77%Equity capital to assets
  • 11.19%Core capital (leverage) ratio
  • 11.13%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $132,623Average earning assets
  • $14,891Average equity
  • $127,726Average loans

List of branches

  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432803First Resource Bank101 Marchwood Road, Exton, PA 19341May 02, 2005Full Service Brick and Mortar

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