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Overview / Commentary
215-864-6181
1139 Chestnut Street
Philadelphia, PA 19107

Beneficial Mutual Savings Bank is headquartered in Philadelphia and is the 12st largest bank in the state of Pennsylvania. It is also the 195th largest bank in the nation. It was established in 1853 and as of March of 2014, it had grown to 806 employees at 59 locations. Beneficial Mutual Savings Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Beneficial Mutual Savings Bank had $52.36 million in non-current loans and owned real-estate with $658.86 million in equity and loan loss allowances on hand to cover it. This gives Beneficial Mutual Savings Bank a Texas Ratio of 7.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Beneficial Mutual Savings Bank decreased dramatically from 11.90% as of March 31, 2013 to 7.95% as of March 31, 2014, resulting in a positive change of 33.23%.This indicates that the balance sheet and financial strength for Beneficial Mutual Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Beneficial Mutual Savings Bank has decreased its total deposits by -$172.97 million, resulting in -4.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Beneficial Mutual Savings Bank has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Beneficial Mutual Savings Bank has $4.53 billion in assets with $658.86 million in equity, resulting in a capitalization level of 14.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #15697
Year Established1853
Employees806
Primary RegulatorFDIC
Assets and Liabilities
Assets$4.53 billion
Loans$2.27 billion
Deposits$3.65 billion
Equity Capital$604.80 million
Loan Loss Allowance$54.06 million
Unbacked Noncurrent Loans$48.32 million
Real Estate Owned$4.04 million
Historic Data - March 2013
Assets$4.76 billion
Equity Capital$620.05 million
Loan Loss Allowance$58.68 million
Unbacked Noncurrent Loans$48.32 million
Real Estate Owned$11.71 million
Profit Margin - Quarterly
Net Interest Margin2.87%
Return on Assets0.23%
Return on Equity1.75%
Interest Income$35.11 million
Rates

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Beneficial Mutual Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-Student Saver
0.50%$2,500-Campus Savings
0.40%$2,500-Tiered Statement Savings (for Package Accounts)
0.35%--Club Statement Savings
0.25%--Statement Savings
0.15%--Passbook Savings
0.15%--Club Passbook Savings

Beneficial Mutual Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$500k$1mPersonal Money Market
0.30%$1m$3mBusiness Money Market

Beneficial Mutual Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Start Growing
0.25%$100k-Professional Package
0.20%--Start Rewarding
0.10%--Start Earning
0.10%--Start Benefiting
0.05%--Interest Checking

Beneficial Mutual Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-48 - 59 Month CD
1.25%$1k-60 Month CD
1.00%$1k-36 - 47 Month CD
0.75%$1k-24 - 35 Month CD
0.50%$1k-12 - 23 Month CD
0.35%$1k-6 - 11 Month CD
0.15%$1k-3 - 5 Month CD

Beneficial Mutual Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-48 - 59 Month IRA
1.25%$1k-60 Month IRA
1.00%$1k-36 - 47 Month IRA
0.75%$1k-24 - 35 Month IRA
0.50%$1k-12 - 23 Month IRA
0.35%$1k-6 - 11 Month IRA
Locations

Beneficial Mutual Savings Bank has 60 locations. Click to view all Beneficial Mutual Savings Bank locations.