Customers Bank is an FDIC insured institution headquartered at
40 General Warren Blvd, Malvern, PA 19355.
It was founded in
1997 and has approximately $22 billion in
assets. Customers can open an account at one of its 16 branches.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2023
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 34444
Date Established
1997
Assets
$ 22.03 billion
Loans
$ 13.77 billion
Deposits
$ 18.07 billion
Capital
$ 1,557.74 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 3.16 billion
Interest-bearing balances
$ 3.10 billion
Total securities
$ 4.06 billion
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 13.77 billion
Loan loss allowance
$ 139.66 million
Trading account assets
$ 26.01 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 0.07 million
Goodwill and other intangibles
$ 7.41 million
All other assets
$ 802.92 million
Total Assets
$ 20.47 billion
LIABILITIES
Total deposits
$ 18.07 billion
Interest-bearing deposits
$ 13.49 billion
Deposits held in domestic offices
$ 18.07 billion
% insured (estimated)
75.92%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
$ 37.66 million
Other borrowed funds
$ 885.00 million
Subordinated debt
$ 109.42 million
All other liabilities
$ 202.73 millionn
Total Liabilities
$ 20.47 billion
Shareholders’ Equity
$ 1,557.74 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 644.48 million
Total Interest Expense
$ 325.71 million
Net interest income
$ 318.77 million
Provision for loan and lease losses
$ 43.21 million
Total non interest income
$ 34.29 million
Total non interest expense
$ 169.11 million
Pre-tax Net Operating Income
$ 186.07 million
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