Prudential Savings Bank in Philadelphia, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Prudential Savings Bank - Overview

  • General
  • FDIC Certificate #: 30011
    Status: Active
    Federal Reserve ID: 641775
    Bank Holding Company (Regulatory Top Holder): Prudential Mutual Holding Company (RSSDID: 3314575, Location: Philadelphia, PA)
    Date Established: January 01, 1886
    WWW: http://www.prudentialsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 4543
    FDIC's unique #: 42845
    Numeric code: 41
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 17, 1938
    Last Structure Change Effective Date: Febuary 23, 2012
    Last Structure Change Process Date: Febuary 23, 2012
    Last Data Update: Febuary 23, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1834 West Oregon Avenue, Philadelphia, PA 19145
    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
  • Change in Location
  • Financial Summary
  • Total assets: $500.7 mil
    Equity capital: $53.9 mil
    Deposits held in domestic offices: $441.7 mil
    Return on assets (ROA): 0.18% ($0.9 mil)
    Quarterly return on assets: 0.40% ($2.0 mil)
    Return on Equity (ROE): 1.77% ($1.0 mil)
    Quarterly return on equity: 3.72% ($2.0 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.13% ($650.9 mil)
    Quarterly Pretax return on assets: 0.61% ($3,054.4 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
  • 68Total employees (full-time equivalent)
  • $500,727Total assets
  • $65,977Cash and due from depository institutions
  • $62,640Interest-bearing balances
  • $174,836Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $239,297Net loans & leases
  • $3,413Loan loss allowance
  • $0Trading account assets
  • $1,851Bank premises and fixed assets
  • $2,143Other real estate owned
  • $2Goodwill and other intangibles
  • $500,727Life insurance assets
  • $16,621All other assets
  • $446,781Total liabilities and capital
  • $441,661Total liabilities
  • $437,153Total deposits
  • $441,661Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,037Trading liabilities
  • $0Other borrowed funds
  • $1,083Subordinated debt
  • $53,946All other liabilities
  • $53,946Total equity capital
  • $53,946Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $26,916Surplus
  • $27,030Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,797Income earned, not collected on loans
  • $0Earning assets
  • $2,027Long-term assets (5+ years)
  • $476,773Average Assets, year-to-date
  • $319,581Average Assets, quarterly
  • $505,492Volatile liabilities
  • $500,125Insider loans
  • $211,863FHLB advances
  • $499,794Loans and leases held for sale
  • $6,225Unused loan commitments
  • $6,225Tier 1 (core) risk-based capital
  • $51,737Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,740Restructured Loans and leases
  • $1,105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,015Total interest income
  • $6,795Total interest expense
  • $14,220Net interest income
  • $4,200Provision for loan and lease losses
  • $1,329Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,329Additional noninterest income
  • $10,533Total noninterest expense
  • $5,696Salaries and employee benefits
  • $743Premises and equipment expense
  • $4,094Additional noninterest expense
  • $816Pre-tax net operating income
  • -$146Securities gains (losses)
  • -$249Applicable income taxes
  • $919Income before extraordinary items
  • $0Extraordinary gains - net
  • $919Net income attributable to bank
  • $0Net charge-offs
  • $919Cash dividends
  • $4,518Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 2.96%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 1.77%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • 1.83%Net charge-offs to loans
  • 92.96%Credit loss provision to net charge-offs
  • 1.11%Efficiency ratio
  • 67,741Assets per employee
  • 7.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 24.74%Noncurrent assets plus other real estate owned to assets
  • 3.18%Noncurrent loans to loans
  • 5.68%Net loans and leases to deposits
  • 54.18%Net loans and leases to core deposits
  • 56.51%Equity capital to assets
  • 10.77%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 24.42%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $505,492Average earning assets
  • $51,795Average equity
  • $480,748Average loans

List of branches

  • 7 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042845Prudential Savings Bank1834 West Oregon Avenue, Philadelphia, PA 19145January 01, 1886Full Service Brick and Mortar
    1278230South 19th Street Branch2101 South 19th Street, Philadelphia, PA 19145January 01, 1886Full Service Brick and Mortar
    101278231Moore At Moyamensing Ave Branch238a Moore Street, Philadelphia, PA 19148January 01, 1886Full Service Brick and Mortar
    10242003112 South 19th Street Branch112 South 19th Street, Philadelphia, PA 19103January 01, 1921Full Service Brick and Mortar
    103278232Drexel Hill Branch601 Morgan Avenue, Drexel Hill, PA 19026May 09, 1997Full Service Brick and Mortar
    104278233South Broad Branch1722 South Broad Street, Philadelphia, PA 19145May 09, 1997Full Service Brick and Mortar
    105467336North Third Street28 N. Third Street, Philadelphia, PA 19106August 20, 2007Full Service Brick and Mortar

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