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215-755-1500
1834 Oregon Avenue
Philadelphia, PA 19145

Prudential Savings Bank is headquartered in Philadelphia and is the 69th largest bank in the state of Pennsylvania. It is also the 1,274th largest bank in the nation. It was established in 1886 and as of December of 2013, it had grown to 73 employees at 7 locations. Prudential Savings Bank has a B+ health rating.

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Reviews (1)

Anyone Have Mortgage Experience With Prudential Savings Bank In PA?

Hi, I'm planning to get a mortage from Prudential Savings bank because they show the lowest 15yr mortgage rate on bankrate.com at 3% interest. So, I google'd them to find any user reviews but did not find any online. Just wondering if anyone worked with them before. Thanks



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Prudential Savings Bank had $7.68 million in non-current loans and owned real-estate with $93.73 million in equity and loan loss allowances on hand to cover it. This gives Prudential Savings Bank a Texas Ratio of 8.20% 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 Prudential Savings Bank decreased dramatically from 25.64% as of December 31, 2012 to 8.20% as of December 31, 2013, resulting in a positive change of 68.03%.This indicates that the balance sheet and financial strength for Prudential Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Prudential Savings Bank has decreased its total deposits by -$6.36 million, resulting in -1.48% 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 Prudential Savings Bank has shown is 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. Prudential Savings Bank has $524.57 million in assets with $93.73 million in equity, resulting in a capitalization level of 17.87%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30011
Year Established1886
Employees73
Primary RegulatorFDIC
Assets and Liabilities
Assets$524.57 million
Loans$321.62 million
Deposits$423.84 million
Equity Capital$91.38 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$7.28 million
Real Estate Owned$406,000
Historic Data - December 2012
Assets$491.17 million
Equity Capital$56.24 million
Loan Loss Allowance$2.08 million
Unbacked Noncurrent Loans$7.28 million
Real Estate Owned$1.95 million
Profit Margin - Quarterly
Net Interest Margin2.48%
Return on Assets0.4%
Return on Equity3.28%
Interest Income$16.44 million
Rates
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Prudential Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.85%$500-60 Month Certificate
1.00%$500-30 Month Certificate
1.00%$500-36 Month Step-Up Certificate
0.65%$5k-18 Month Certificate Special
0.60%$500-18 Month Certificate
0.55%$5k-12 Month Certificate Special
0.55%$5k-13 Month Certificate Special
0.55%$500-15 Month Certificate
0.50%$500-12 Month Certificate
0.40%$5k-9 Month Certificate Special
0.35%$5k-182 Day Certificate Special
0.35%$500-9 Month Certificate
0.30%$500-182 Day Certificate
0.30%$500-7 Month Certificate
0.25%$500-91 Day Certificate
0.25%$500-110 Day Certificate

Prudential Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.90%$250-60 Month IRA (Traditional,SEP)
1.30%$250-48 Month IRA (Traditional,SEP)
1.10%$250-30 Month IRA (Traditional,SEP)
0.70%$250-18 Month IRA (Traditional,SEP)
0.55%$250-12 Month IRA (Traditional,SEP)
0.35%$250-182 Day IRA (Traditional,SEP)
0.35%$250-7 Month IRA (Traditional,SEP)
Locations


Prudential Savings Bank Locations
112 South 19th Street Branch112 South 19th StreetPhiladelphia, PA 19103
South Broad Branch1722 South Broad StreetPhiladelphia, PA 19145
Prudential Savings Bank1834 West Oregon AvenuePhiladelphia, PA 19145
South 19th Street Branch2101 South 19th StreetPhiladelphia, PA 19145
Moore At Moyamensing Ave Branch238a Moore StreetPhiladelphia, PA 19148
North Third Street28 N. Third StreetPhiladelphia, PA 19106
Drexel Hill Branch601 Morgan AvenueDrexel Hill, PA 19026