# FIRST PRIORITY BANK
MALVERN, PA · FDIC certificate 58092 · asset band $300M-1B · latest filing 2018-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $627.4M | |
| Deposits | $513.6M | |
| Loans and leases | $525.4M | |
| Total equity | $51.3M | |
| Loans / deposits | 101.65% (p86 of band) | 86.00% |
| Liquid assets / assets | 14.38% (p21 of band) | |
| Uninsured deposits / deposits | 14.80% (p23 of band) | 21.20% |
| Brokered deposits | 18.69% | |
| Wholesale funding | 26.85% (p97 of band) | |
| FHLB advances / assets | 8.17% | |
| Tier 1 leverage | 8.14% (p3 of band) | 10.47% |
| Unrealized securities loss / equity | -0.42% (p82 of band) | -2.60% |
| AOCI / equity | -1.12% (p57 of band) | |
| ROA (annualized) | 0.52% (p11 of band) | 1.09% |
| Net interest margin | 3.19% (p17 of band) | 3.71% |
| Efficiency ratio | 78.80% (p86 of band) | |
| Noncurrent loans | 0.06% (p12 of band) | 0.52% |
| Net charge-offs (annualized) | 0.01% (p51 of band) | |
| Reserve coverage of noncurrent | 1140.60% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 97.30% (p89 of band) | |
| Auto loans | $68,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 10.8% | |
| Employees | 69 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 7 | loans exceed deposits, capital falling |  |
| 2011-12 | 4 |  | losing money, expense ratio p90, loans exceed deposits |
| 2012-03 | 4 | loans exceed deposits | capital falling |
| 2012-06 | 3 |  | loans exceed deposits |
| 2012-09 | 4 | loans exceed deposits |  |
| 2012-12 | 5 | deposits shrinking |  |
| 2013-03 | 4 | losing money, expense ratio p90 | brokered >10%, loans exceed deposits, deposits shrinking |
| 2013-06 | 3 |  | wholesale funding >15% |
| 2013-09 | 5 | wholesale funding >15%, capital falling |  |
| 2013-12 | 4 |  | losing money |
| 2014-03 | 1 |  | expense ratio p90, wholesale funding >15%, capital falling |
| 2014-06 | 4 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |
| 2014-09 | 5 | capital falling |  |
| 2014-12 | 4 |  | loans exceed deposits |
| 2015-03 | 3 |  | capital falling |
| 2015-06 | 4 | loans exceed deposits |  |
| 2015-09 | 4 | capital falling | loans exceed deposits |
| 2015-12 | 3 |  | reserve under noncurrent |
| 2016-03 | 2 |  | capital falling |
| 2016-06 | 3 | loans exceed deposits |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | capital falling |  |
| 2017-03 | 3 |  | capital falling |
| 2017-06 | 3 |  |  |
| 2017-09 | 2 |  | loans exceed deposits |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | loans exceed deposits |  |
| 2018-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-08-02 [Acquisition of First Priority Bank is complete, now part of Mid Penn Bank - pottsmerc.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxNZWlnUS1LSHRZSWxFNldiX3lPMXdhY05LVVVodE1XanZqRW1feU56a1llXzFVTnJjamU5c2NBbjVpNjM1Nl9qR05zY0dCR1RqR1NPcktqalRwdGNQbmhfQWZnWUJ6YlFQSmJkbHF4Y08xNU9EVFRaTU9VVElnWnJwU3laNnVjTFg1RHNhYjV2WHR5Y1FBdlJaU1B0N1hEX2hHOFY3Y1B1OEpSTkotdE9Z?oc=5) · pottsmerc.com
- 2015-01-20 [The Conversation: Steven Ehrlich - Reading Eagle](https://news.google.com/rss/articles/CBMifEFVX3lxTE5YMGhXc0kwc3BqdEpPRXBLcDBieVh3UTU3UzJfRHZJX0t1YzRtSXhtVHpHV0xtYlZWVUIyQ0c5Mm15b0pTNlBfR2RKOGlodTI0SVAxVnFKMlVnaEQ4YlFnSlRzUFpreWZUclp3VkZjbmhTMHVZNThWRXZGV2Q?oc=5) · Reading Eagle
- 2019-01-03 [Montco Leadership: Rory G. Ritrievi, president and CEO, Mid Penn Bank, parent of First Priority Bank - MONTCO.Today](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNd2NDRzV2X0duSlZGbUt4UWdjWkNJTmZMcGNRbzF1TEQ3X2NhYU85Sk5ydUZlQW94SnA4TmtXdUlWN1N1cWx0bFp3U2NmZ1REVnVhR0lPUWhDd1FoMTY2a2tKUjJPcThaWnhXSzZRMk9ocWhVdXM1MUJBUmRnNE55emptV3czbjVpOHR5YmxSNVBlek1vM1dlam5Nd1J4Ykdya3lnSWtLeUlMTjRhRU42TUJHcW84Y0FaVW96MUlndzA2bmc?oc=5) · MONTCO.Today
- 2016-10-17 [Armed ‘Straw Hat Bandit' Targets 11 Banks in Montgomery, Bucks Counties - NBC10 Philadelphia](https://news.google.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?oc=5) · NBC10 Philadelphia
- 2017-04-21 [Bucks County man charged in 'Straw Hat Bandit' robberies - 6abc Philadelphia](https://news.google.com/rss/articles/CBMijgFBVV95cUxNbmNJVFRZYVFBYmNDNDhJNTN1a1kzeVhTUEh2MUFFMkIwLW1jNE80cDBTUjg3dWtJcVY3dmNDQTBIWWg0VHVMaFRpMnlCNDVoZDNXY05LMTNRdXZuVzRnd2hKb1IxdHhfWnBSeFVRbUVoODBjdzJic0c2NC1zWF8yM2l3c2puMU5vZ0VNRjhR0gGTAUFVX3lxTFBOQ0hrQmVWbXdRMHNyOFE3REJNY21VamJzaVZ5S2hOaDRXMk5nRlhZRktkQkpSNnAwWEhyNEttY1hEaEdFbm5FLUI3RUluelMtYUk5RDBFTFpYTmxkVUdiQ0JBdkxtSFlZNnVtcVVQTXNQMnAxa1dHR0tvTGV5cUI1Nktsd1Z5d3hWRnRIcFprekNBWQ?oc=5) · 6abc Philadelphia
- 2018-06-04 [Bank Notes: Sale of Chesco bank earns regulatory approval - The Business Journals](https://news.google.com/rss/articles/CBMisgFBVV95cUxNekR3TkljelR2aFdEX3ZTaW5KSjlocmJiVVU4bjhlcE04NHNpNmVVMHQ4bW16b3BIYTJmZk1rdDlUNS1LMEJXb3N4eUQ5Q2loN2pEU3p5QWh5Y3ZJSFVOTkFOdnFCY1AtWG5XQ29vS0IyNFlwOE93dFdHYy1CbUFyY2E2SFZoV05SdGxsTlB6enI1UnhsanZWSWxYR2JaUGp3MG5iMmxjYVo1R2p5WVVSRl93?oc=5) · The Business Journals
- 2016-03-22 [BUSINESS IN BRIEF: First Priority Bank announces staffing additions - pottsmerc.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNc3k5eG9McVpqQjZpR1ZhTWpiT0RaVmcwdjVpUGJUUFotWVdSWS1kNFFxSUtzdkY0QjFTX0U5NTZSX3NUbVV5ZXlQT1pHYlNYYnNSUlVlQ091bTN1dERUaVh2TlUtQlRzaVRwYV9YYVN3elhyMUhmZnJOUVMyekdMWENoOWV3SUF4U3Vsa2FSQzNHRDlJdG9TVGpmdWV2WV9NVWpCUmNlWQ?oc=5) · pottsmerc.com
- 2008-06-13 [New job for the bank builder - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMimAFBVV95cUxNdjMwdHpocnpRMWJ0UlQxWVItd2taSFh0NDdLa0c0U3BSTFZ6Qkwybk5rM3JKT0d2dFU0bFFpUU9xVEYtNjd2b09aaHUzRVRfZE0wanExOVU2SjRjeUVaZkQzNEhOUkZrN001TVBTOG5NMkdEVy1UQjVSemtwanBvaEVUZllwSFgtX2ZXMGtselpKeG9uSGNkcg?oc=5) · Sarasota Herald-Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58092 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/44.json (key "58092", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide