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
No
ID
Name
Address
Established
Service Type
Map
0
432803
First Resource Bank
101 Marchwood Road, Exton, PA 19341
May 02, 2005
Full Service Brick and Mortar
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