Customers Bank


Customers Bank is an FDIC insured institution headquartered at 40 General Warren Blvd, Malvern, PA 19355.
It was founded in 1997 and has approximately $21 billion in assets. Customers can open an account at one of its 16 branches.

Deposit Rates - April 20, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34444
Date Established 1997
Assets $ 21.30 billion
Loans $ 13.07 billion
Deposits $ 18.05 billion
Capital $ 1,707.83 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 3.84 billion
Interest-bearing balances $ 3.81 billion
Total securities $ 3.48 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.07 billion
Loan loss allowance $ 135.31 million
Trading account assets $ 19.03 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 6.82 million
All other assets $ 802.92 million
     Total Assets $ 19.60 billion

LIABILITIES
Total deposits $ 18.05 billion
      Interest-bearing deposits $ 13.52 billion
      Deposits held in domestic offices $ 18.05 billion
      % insured (estimated) 70.43%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 28.60 million
Other borrowed funds $ 885.00 million
Subordinated debt $ 109.46 million
All other liabilities $ 202.73 millionn
      Total Liabilities $ 19.60 billion
      Shareholders’ Equity $ 1,707.83 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 1,366.20 million
Total Interest Expense $ 671.45 million
Net interest income $ 694.75 million
Provision for loan and lease losses $ 74.50 million
Total non interest income $ 72.02 million
Total non interest expense $ 351.95 million
Pre-tax Net Operating Income $ 186.07 million

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