Beneficial Bank

1139 Chestnut Street
Philadelphia, PA 19107

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15697
Date Established 1853
Assets $5.83 billion
Loans $4.05 billion
Deposits $4.27 billion
Capital $0.98 billion

Beneficial Bank is an FDIC insured institution located in Philadelphia, PA. It was founded in 1853 and has approximately $5.83 billion in assets. Customers can open an account at one of its 66 branches.

For a more detailed analysis of Beneficial Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Beneficial Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Pennsylvania, Beneficial Bank has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.25
Multifamily
Mortgages
13.72
Credit Card Loans 0.00
Consumer Auto Loans 4.85
Small Business Loans 3.90
Construction and Development Loans 5.23
Commercial Real Estate 29.63
Commercial and Industrial Loans 8.87
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $500 - Learn MoreShow Less
6 Mo CD 10K
0.75% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $25 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.01% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.49% $10 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.15% $1 $4,999 Learn MoreShow Less
MM 10K
0.20% $5,000 $24,999 Learn MoreShow Less
MM 25K
0.25% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $300 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Beneficial Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Beneficial Bank Locations

Financial Details

Beneficial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beneficial Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Beneficial Bank U.S. Bank Average
4.01% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Beneficial Bank had $40,788,000 in non-current loans and $300,000 in owned real estate. To cover these potential losses it had $981,542,000 in equity and $43,350,000 in loans loss reserves. That gives it a Texas Ratio of 4.01%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Beneficial Bank U.S. Bank Average
3.74% 8.58

Beneficial Bank has a Return on Equity of 3.74% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Beneficial Bank U.S. Bank Average
16.84% 12.11

Beneficial Bank has a Capitalization of 16.84% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Beneficial Bank Balance Sheet Analysis

As of June 30, 2017, Beneficial Bank had assets of $5,828,410,000, loans of $4,051,630,000, and deposits of $4,269,782,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Beneficial Bank

Branches and Savings

Is Beneficial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15697.

Why does Beneficial Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Beneficial Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Beneficial Bank a commercial bank?

Yes

Where are Beneficial Bank locations?

See branch locations nearby.

Is Beneficial Bank open on Saturdays?

Is Beneficial Bank open on Sundays?

What time does Beneficial Bank open?

What time does Beneficial Bank close?

Are Beneficial Bank ATMs Open 24/7?

Do Beneficial Bank ATMs accept cash deposits?

Can Beneficial Bank customers use other ATMs?

Do Beneficial Bank branches have notaries?

Will Beneficial Bank notarize my document?

What address for Beneficial Bank should I put for incoming ACH transfers?

Will the Beneficial Bank branch print checks?

Do Beneficial Bank checks expire?

Does Beneficial Bank require US citizenship to open account?

Can Beneficial Bank close my account?

Does Beneficial Bank Report to credit bureaus?

Does Beneficial Bank Use Equifax?

What is Beneficial Bank's ACH Routing Number?

What is Beneficial Bank's SWIFT code?

Products

Does Beneficial Bank offer mortgages?

Compare mortgage rates here.

Does Beneficial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Beneficial Bank offer personal loans?

Compare personal loan rates here.

Does Beneficial Bank offer student loans?

Will Beneficial Bank cash a check?

Will Beneficial Bank redeem a savings bond?

Does Beneficial Bank cash savings bonds?

Will Beneficial Bank cash money orders?

Can Beneficial Bank issue a money order?

Does Beneficial Bank do currency exchange?

Background on The Bank

Who owns Beneficial Bank?

How long has Beneficial Bank been around?

Can Beneficial Bank transfer to other banks?

Does Beneficial Bank have quick pay?

Does Beneficial Bank accept rolled coins?

Will Beneficial Bank accept loose change?

Where is Beneficial Bank headquarters?

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