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Overview / Commentary
610-280-7100
2 West Liberty Boulevard
Malvern, PA 19355

First Priority Bank is headquartered in Malvern and is the 77th largest bank in the state of Pennsylvania. It is also the 1,488th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 76 employees at 10 locations. First Priority Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 December 31, 2013 First Priority Bank had $5.19 million in non-current loans and owned real-estate with $43.93 million in equity and loan loss allowances on hand to cover it. This gives First Priority Bank a Texas Ratio of 11.81% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Priority Bank decreased slightly from 14.24% as of December 31, 2012 to 11.81% as of December 31, 2013, resulting in a positive change of 17.02%.This indicates that the balance sheet and financial strength for First Priority Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Priority Bank has increased its total deposits by $125.01 million, resulting in 53.55% 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 excellent.

Capitalization

GRADE:
B

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 $446.11 million in assets with $43.93 million in equity, resulting in a capitalization level of 9.85%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58092
Year Established2005
Employees76
Primary RegulatorFDIC
Assets and Liabilities
Assets$446.11 million
Loans$333.46 million
Deposits$358.46 million
Equity Capital$41.66 million
Loan Loss Allowance$2.27 million
Unbacked Noncurrent Loans$4.28 million
Real Estate Owned$914,000
Historic Data - December 2012
Assets$275.15 million
Equity Capital$27.58 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$4.28 million
Real Estate Owned$184,000
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets0.08%
Return on Equity0.84%
Interest Income$17.65 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Priority Bank, we are a rate comparison website and can not provide official rates or promotions.

First Priority Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$7,500-Smart Savings

First Priority Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k-Money Market

First Priority Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$7,500-Performance Checking
0.15%$7,500-Premium Checking

First Priority Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$500-5 Year CD
1.21%$500-4 Year CD
1.00%$500-3 Year CD
0.85%$500-30 Month CD
0.80%$500-2 Year CD
0.60%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
0.25%$500-90 Day CD
Locations


First Priority Bank Locations
Blue Bell Office Branch10 Sentry Parkway, Suite 100Blue Bell, PA 19422
Newtown Branch104 Pheasant RunNewtown, PA 18940
1310 Broadcasting Br1310 Broadcasting RoadWyomissing, PA 19610
Towamencin Branch1758 Allentown RoadLansdale, PA 19446
First Priority Bank2 West Liberty BoulevardMalvern, PA 19355
Reading Branch29 North Sixth StreetReading, PA 19601
Spring Township Branch3101 Shillington RoadSinking Spring, PA 19608
Muhlenberg Branch4200 N. 5th Street HighwayTemple, PA 19560
Exeter Commons Branch4541 Perkiomen AvenueReading, PA 19606
Plumstead Branch5936 Easton RoadPipersville, PA 18947