Penn Community Bank

Headquarters

3969 Durham Rd
Doylestown, PA 18902
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage 6.14% 4.91% →
15-Year Mortgage 5.52% 4.39% →
HELOC N.A. 0.99% →

Reviewed by Rk | February 22, 2023 |

Where to begin with this ghetto bank? You make a cash deposit but you can't make a withdraw the same day. You make a deposit and it doesn't show up until the next day. You're limited to a low atm amount every day. The newest ordeal with this moronic bank. I stopped using it but didn't close the account. I accidentally made a 50.00 credit card payment using this account. I left 2.00 in the account so 50.00 minus 2.00 equals 48.00 which they paid and charged overdraft fee of 35.00 which equals 83.00 negative I transferred 235.38 to that account 235.38 minus 83.00 equals 152.38. Tried taking 120.00 out of Atm insufficient funds went inside the teller said that shouldn't be tried and got the same message called someone and they said it's because there's a 83.00 pending charge from my credit card company I asked for a print out of the transaction history it cleary shows their screw up but the teller was too stupid to understand it. There's a very good reason this ghetto bank has such low reviews.


2024 Overview

General Bank Information

Penn Community Bank is an FDIC insured institution located in Doylestown, PA. It was founded in 1922 and has approximately $2.97 billion in assets. Customers can open an account at one of its 27 branches.

FDIC Insured Yes
FDIC Certificate # 30401
Date Established 1922
Assets $ 2.97 billion
Loans $ 1,918.12 million
Deposits $ 2.25 billion
Capital $ 286.18 million
 

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

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

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



Climate Policy and Initiatives

Penn Community Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Penn Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Penn Community 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
Penn Community Bank U.S. Bank Average
0.43% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Penn Community Bank had $1,256,000 in non-current loans and $31,000 in owned real estate. To cover these potential losses it had $286,179,000 in equity and $16,396,000 in loans loss reserves. That gives it a Texas Ratio of 0.43%.

Return on Equity
Penn Community Bank U.S. Bank Average
4.48% 10.46%

Penn Community Bank has a Return on Equity of 4.48% versus the BestCashCow average of 10.46%. 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
Penn Community Bank U.S. Bank Average
9.64% 10.84%

Penn Community Bank has a Capitalization of 9.64% versus the BestCashCow average of 10.84. 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.

Penn Community Bank Balance Sheet Analysis

As of June 30, 2024, Penn Community Bank had assets of $2,969,690,000, loans of $1,918,119,000, and deposits of $2,246,432,000. 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.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 211.51 million
Interest-bearing balances $ 190.55 million
Total securities $ 665.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,918.12 million
Loan loss allowance $ 16.40 million
Trading account assets $ 0.08 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles $ 4.89 million
All other assets $ 118.64 million
     Total Assets $ 2.68 billion
LIABILITIES
Total deposits $ 2.25 billion
      Interest-bearing deposits $ 1,973.19 million
      Deposits held in domestic offices $ 2.25 billion
      % insured (estimated) 72.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 0.57 million
Other borrowed funds $ 95.00 million
Subordinated debt N.A.
All other liabilities $ 18.10 million
      Total Liabilities $ 2.68 billion
      Shareholders’ Equity $ 286.18 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 65.25 million
Total Interest Expense $ 34.69 million
Net interest income $ 30.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.33 million
Total non interest expense $ 29.31 million
Pre-tax Net Operating Income $ 13.08 million

Bank Loan Profile?

The top three loan types in Penn Community Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Pennsylvania, Penn Community Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 37.68
Multifamily
Mortgages
8.97
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.57
Construction and Development Loans 10.06
Commercial Real Estate 22.15
Commercial and Industrial Loans 4.55
Farm Loans 0.00

Customer Reviews for Penn Community Bank


  • February 22, 2023 |

    Where to begin with this ghetto bank? You make a cash deposit but you can't make a withdraw the same day. You make a deposit and it doesn't show up until the next day. You're limited to a low atm amount every day. The newest ordeal with this moronic bank. I stopped using it but didn't close the account. I accidentally made a 50.00 credit card payment using this account. I left 2.00 in the account so 50.00 minus 2.00 equals 48.00 which they paid and charged overdraft fee of 35.00 which equals 83.00 negative I transferred 235.38 to that account 235.38 minus 83.00 equals 152.38. Tried taking 120.00 out of Atm insufficient funds went inside the teller said that shouldn't be tried and got the same message called someone and they said it's because there's a 83.00 pending charge from my credit card company I asked for a print out of the transaction history it cleary shows their screw up but the teller was too stupid to understand it. There's a very good reason this ghetto bank has such low reviews.

  • September 2, 2020 |

    I decided to refinance my house because rates were so good. Penn community had the best rate for me so I decided to try them. Everything was great in the beginning and I paid my fees and paid for appraisal. Then after weeks of waiting I am informed that I don’t qualify for a 15 yr mortgage. Annoying why didn’t they tell me from the start. So we start over for a 30 yr which women said is easy for me to get. I’m going for a small mortgage compared to what my house is worth. After 4 months of them playing around I get turned down for my tiny mortgage and they won’t call me back when I try to find out how this can be. Horrible bank and rude people that won’t return your calls. Don’t use them!!!


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