Customers Bank

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Deposit Rates - July 25, 2021

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Money Market
0.25% $250,001 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34444
Date Established 1997
Assets $ 18.81 billion
Loans $ 16.04 billion
Deposits $ 12.54 billion
Capital $ 1,315.68 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 515.36 million
Interest-bearing balances $ 513.24 million
Total securities $ 1,437.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 16.04 billion
Loan loss allowance $ 128.74 million
Trading account assets $ 36.50 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 3.91 million
All other assets $ 748.20 million
     Total Assets $ 17.49 billion

LIABILITIES
Total deposits $ 12.54 billion
      Interest-bearing deposits $ 9.78 billion
      Deposits held in domestic offices $ 12.54 billion
      % insured (estimated) 38.23%
Federal funds purchased and repurchase agreements $ 365.00 million
Trading liabilities $ 36.53 million
Other borrowed funds $ 4.13 billion
Subordinated debt $ 109.20 million
All other liabilities $ 311.49 millionn
      Total Liabilities $ 17.49 billion
      Shareholders’ Equity $ 1,315.68 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 161.12 million
Total Interest Expense $ 25.96 million
Net interest income $ 135.15 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 83.04 million
Pre-tax Net Operating Income $ 50.49 million

Customers Bank is an FDIC insured institution headquartered at 99 Bridge St, Phoenixville, PA 19460.
It was founded in 1997 and has approximately $19 billion in assets. Customers can open an account at one of its 16 branches.

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