Customers Bank

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Deposit Rates - April 20, 2021

MM RATES APY MIN MAX
Money Market
0.25% $250,001 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34444
Date Established 1997
Assets $ 18.43 billion
Loans $ 15.69 billion
Deposits $ 11.42 billion
Capital $ 1,198.86 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 693.35 million
Interest-bearing balances $ 615.26 million
Total securities $ 1,206.43 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 15.69 billion
Loan loss allowance $ 144.18 million
Trading account assets $ 54.03 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 14.30 million
All other assets $ 749.14 million
     Total Assets $ 17.24 billion

LIABILITIES
Total deposits $ 11.42 billion
      Interest-bearing deposits $ 8.95 billion
      Deposits held in domestic offices $ 11.42 billion
      % insured (estimated) 36.51%
Federal funds purchased and repurchase agreements $ 250.00 million
Trading liabilities $ 57.48 million
Other borrowed funds $ 5.27 billion
Subordinated debt $ 109.17 million
All other liabilities $ 131.12 millionn
      Total Liabilities $ 17.24 billion
      Shareholders’ Equity $ 1,198.86 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 543.30 million
Total Interest Expense $ 129.93 million
Net interest income $ 413.37 million
Provision for loan and lease losses $ 62.77 million
Total non interest income $ 80.59 million
Total non interest expense $ 265.55 million
Pre-tax Net Operating Income $ 165.64 million

Customers Bank is an FDIC insured institution headquartered at 99 Bridge St, Phoenixville, PA 19460.
It was founded in 1997 and has approximately $18 billion in assets. Customers can open an account at one of its 16 branches.