First Priority Bank in city_name, state_name - Detailed Financial Reports, Location

First Priority Bank in Malvern, Pennsylvania (PA)
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First Priority Bank routing number info

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
WWW: http://www.fpbk.com
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

No	ID	Name	Address	Established	Service Type
0	439643	First Priority Bank	2 West Liberty Boulevard, Malvern, PA 19355	November 14, 2005	Full Service Brick and Mortar
1	462253	Wyomissing Branch	1200 Broadcasting Road, Wyomissing, PA 19610	March 19, 2007	Full Service Brick and Mortar
3	458015	Newtown Branch	104 Pheasant Run, Newtown, PA 18940	October 16, 2007	Full Service Brick and Mortar
4	480731	Plumstead Branch	5936 Easton Road, Pipersville, PA 18947	Febuary 29, 2008	Full Service Brick and Mortar
5	492921	Blue Bell Office Branch	10 Sentry Parkway, Suite 100, Blue Bell, PA 19422	April 01, 2009	Full Service Brick and Mortar
6	513633	Towamencin Branch	1758 Allentown Road, Lansdale, PA 19446	October 22, 2010	Full Service Brick and Mortar

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

First Priority Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Priority Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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