The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed May 12, 2023. Its latest SEC filing is a SCHEDULE 13G/A from Nov 15, 2024.
10-Q for Q2 FY2023, filed May 12, 2023
The sections below describe the company as of the FY2022 annual report.
Takes deposits and makes real estate, business and consumer loans for households and businesses, and provides banking services.
10-K for FY2022, filed Dec 27, 2022The Company’s primary business is the ownership and operation of the Bank. The Bank’s principal business consists of attracting deposits…View ↗
We offer a broad range of deposit and loan products and other banking services. These include personal and business checking accounts…View ↗
We offer personal and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and…View ↗
Most of the bank’s income comes from interest on loans and securities, less the interest it pays on deposits and borrowings. It also earns loan-commitment and customer-service fees, income from residential loan originations and sales, and account and card fees.
10-K for FY2022, filed Dec 27, 2022
10-K for FY2022, filed Dec 27, 2022
FY2022 revenue by product or service ↗$1.2M
10-K for FY2022, filed Dec 27, 2022
$1.2M ↗| Segment | Share | Revenue |
|---|---|---|
|
ATM Fees
|
0.7%
FY2019: 0.3%
|
ATM Fees, FY2022
$8K Sources
|
|
Credit Card Fees
|
2.2% |
Credit Card Fees, FY2022
$27K Sources
|
|
DDA Fee
|
9.1%
FY2019: 7.4%
|
DDA Fee, FY2022
$113K Sources
|
|
DDA Service Fee
|
8.1%
FY2019: 4.2%
|
DDA Service Fee, FY2022
$100K Sources
|
|
Debit card fees
|
24%
FY2019: 14%
|
Debit card fees, FY2022
$295K Sources
|
|
Other Loan Fee Income
|
42%
FY2019: 58%
|
Other Loan Fee Income, FY2022
$518K Sources
|
|
Other Fee Income
|
14%
FY2019: 13%
|
Other Fee Income, FY2022
$169K Sources
|
|
Other Non Interest Income
|
0.6%
FY2019: 1.9%
|
Other Non Interest Income, FY2022
$7K Sources
|
Individuals, families, businesses and nonprofits use the bank for deposits, loans and banking services through its banking locations and online and mobile channels. The Private Client division also offers advisory, financial-planning and trust services.
10-K for FY2022, filed Dec 27, 2022The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking…View ↗
We emphasize household relationship banking by maintaining and growing our customers and contacts with personal interaction by our Board…View ↗
We offer a broad range of deposit and loan products and other banking services. These include personal and business checking accounts…View ↗
Through our Private Client division we offer investment advisory services to individuals, families, businesses and non-profits with…View ↗
Yes. Its net income in FY2022 was larger than its revenue and turned 470 cents into free cash flow.
8-K, filed Jul 17, 2023
On July 17, 2023, pursuant to the Agreement and Plan of Merger dated December 13, 2022, as amended (the “Merger Agreement”), by and among…View ↗
Held flat. Revenue was $1.2M in FY2022, about the same as the $1.3M of FY2018.
Broader private-client services
The older report describes private banking for high-net-worth individuals and families through a Bell Rock partnership; the latest describes a Private Client division serving individuals, families, businesses and nonprofits with investment management, planning, trust services and tailored lending.
10-K for FY2019, filed Dec 16, 2019 10-K for FY2022, filed Dec 27, 2022The Bank, through its Private Banking division and strategic partnership with Bell Rock Capital, LLC (“Bell Rock”) in Rehoboth Beach…View ↗
Through our Private Client division we offer investment advisory services to individuals, families, businesses and non-profits with…View ↗
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