Prudential Savings Bank

Prudential Savings Bank Locations
1834 Oregon Avenue
Philadelphia, PA 19145
215.755.1500
www.prudentialsavingsbank.com

Prudential Savings Bank is headquartered in Philadelphia and is the 77th largest bank in the state of Pennsylvania. It is also the 1,352nd largest bank in the nation. It was established in 1886 and as of September of 2011, it had grown to 68 employees at 7 locations. Prudential Savings Bank has a 3-star health rating.

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2.01% 13-Month CD at Prudential Savings Bank in PA - Local Only - 3/5/2010

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3.50% 9-Month CD & 3.61% 24-Month CD at Prudential Savings Bank in PA - 1/29/2009

Prudential Savings Bank is offering some competitive CD specials. The most competitive is the 9-month special with an APY of 3.50%. The other special rates include 2.75% APY for 6 months, 3.05% APY for 12 months, 3.11% for 15 months and 3.31% for 18...

4.00% 9-Month CD at a Philadelphia Bank (Prudential Savings) - 7/29/2008

Prudential Savings Bank is offering a special 9-month CD with a yield of 4.00% APY. The minimum deposit is $5,000. Refer to the bank's rate table for more details.Note, at the bottom of the rate table it states that deposits are accepted at their...



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See Rates for: CD | IRA

Prudential Savings Bank CD Rates

ApyMinMaxProduct
2.15%$500-60 Month Certificate
1.80%$500-48 Month Certificate
1.50%$500-30 Month Certificate
1.50%$500-36 Month Step-Up Certificate
0.95%$5k-18 Month Certificate Special
0.90%$5k-12 Month Certificate Special
0.90%$5k-13 Month Certificate Special
0.90%$500-15 Month Certificate
0.90%$500-18 Month Certificate
0.80%$500-12 Month Certificate
0.65%$500-9 Month Certificate
0.55%$5k-182 Day Certificate Special
0.50%$500-182 Day Certificate
0.50%$500-7 Month Certificate
0.50%$5k-9 Month Certificate Special
0.40%$500-91 Day Certificate
0.40%$500-110 Day Certificate

Prudential Savings Bank IRA Rates

ApyMinMaxProduct
2.25%$250-60 Month IRA
2.25%$250-60 Month SEP IRA
1.85%$250-48 Month IRA
1.85%$250-48 Month SEP IRA
1.55%$250-30 Month IRA
1.55%$250-30 Month SEP IRA
1.05%$250-18 Month IRA
1.05%$250-18 Month SEP IRA
1.00%$250-12 Month IRA
1.00%$250-12 Month SEP IRA
0.60%$250-182 Day IRA
0.60%$250-7 Month IRA
0.60%$250-182 Day SEP IRA
0.60%$250-7 Month SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Prudential Savings Bank
FDIC Certificate #30011
BankRate ReportView
Year Established1886
Employees68
Primary RegulatorFDIC

Assets and Liabilities

Assets$499.64 million
Loans$240.68 million
Deposits$437.60 million
Equity Capital$53.32 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$12.63 million
Real Estate Owned$2.27 million

Historic Data - September 2010

Assets$531.13 million
Equity Capital$52.64 million
Loan Loss Allowance$3.15 million
Unbacked Noncurrent Loans$3.48 million
Real Estate Owned$3.20 million

Profit Margin - Quarterly

Net Interest Margin2.99%
Return on Assets0.11%
Return on Equity1.13%
Interest Income$16.03 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Prudential Savings Bank had $14.9 million in non-current loans and owned real-estate with $56.51 million in equity and loan loss allowances on hand to cover it. This gives Prudential Savings Bank a Texas Ratio of 26.37% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Prudential Savings Bank increased slightly from 11.97% as of September 30, 2010 to 26.37% as of September 30, 2011, resulting in a negative change of 120.33%. This indicates that the balance sheet and financial strength for Prudential Savings Bank has declined slightly in recent periods.
Deposit Growth1
In the past year, Prudential Savings Bank has decreased its total deposits by -$29.04 million, resulting in -6.22% 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 poor.
Capitalization4
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 $499.64 million in assets with $56.51 million in equity, resulting in a capitalization level of 11.31%, which is above average.
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