First Priority Bank

2 West Liberty Boulevard
Malvern, PA 19355
610-280-7100
www.fpbk.com

OverView
Rates
Health
Reviews

First Priority Bank is headquartered in Malvern and is the 118^st largest bank in the state of Pennsylvania. It is also the 2,315^st largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 44 employees at 6 locations. First Priority Bank's savings rates are 44% higher than the national average, and it has a 3-star health rating.

First Priority Bank Routing Number: 031918899

Savings Account Promotion At First Priority Bank - Available In PA, NJ & NY (Forum) - 9/15/2011

First Priority Bank is offering its E-Savings account with a promotional APY of 1.50% that's guaranteed to last through September 2011. The rate may change after September. The promotional yield applies to all balances of at least $7,500. A minimum balanc

Report an Issue

See Rates for: Checking | Savings | Money Market | CD

First Priority Bank Checking Account Rates

Apy	Min	Max	Product
0.40%	$3,500	-	Priority One Checking
0.25%	$7,500	-	Interest Checking

First Priority Bank Savings Account Rates

Apy	Min	Max	Product
0.75%	$7,500	-	E-Statement Account
0.50%	$7,500	-	Savings Account

First Priority Bank Money Market Rates

	Apy	Min	Max	Product
	0.50%	$7,500	-	Money Market

First Priority Bank CD Rates

Apy	Min	Max	Product
1.65%	$2k	-	5 Year CD
1.30%	$2k	-	4 Year CD
1.20%	$2k	-	3 Year CD
1.01%	$2k	-	30 Month CD
0.90%	$2k	-	2 Year CD
0.80%	$2k	-	18 Month CD
0.65%	$2k	-	12 Month CD
0.40%	$2k	-	90 Day CD
0.40%	$2k	-	6 Month CD

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

First Priority Bank
FDIC Certificate #	58092
BankRate Report	View
Year Established	2005
Employees	44
Primary Regulator	FDIC
Assets and Liabilities
Assets	$279.68 million
Loans	$241.23 million
Deposits	$237.90 million
Equity Capital	$27.71 million
Loan Loss Allowance	$2.46 million
Unbacked Noncurrent Loans	$6.60 million
Real Estate Owned	$230,000
Historic Data - March 2011
Assets	$279.50 million
Equity Capital	$26.75 million
Loan Loss Allowance	$2.12 million
Unbacked Noncurrent Loans	$4.92 million
Real Estate Owned	$2.21 million
Profit Margin - Quarterly
Net Interest Margin	3.42%
Return on Assets	0.43%
Return on Equity	4.43%
Interest Income	$3.32 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Priority Bank had $6.83 million in non-current loans and owned real-estate with $30.16 million in equity and loan loss allowances on hand to cover it. This gives First Priority Bank a Texas Ratio of 22.63% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First Priority Bank held steady from 24.70% as of March 31, 2011 to 22.63% as of March 31, 2012, resulting in a positive change of 8.38%.This indicates that the balance sheet and financial strength for First Priority Bank has held steady in recent periods.
Deposit Growth
In the past year, First Priority Bank has decreased its total deposits by -$4.81 million, resulting in -1.98% 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 First Priority Bank has shown is below average.
Capitalization
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. First Priority Bank has $279.68 million in assets with $30.16 million in equity, resulting in a capitalization level of 10.79%, which is above average.