Random
What % of deposits are housed in Chester County?
71.83% Chester County
7.32% in Montgomery County
6.70% in Delaware County
1.3% in Berks County
What are the fees for Domestic and International wires?
$18 Domestic if done in branches - waived if they are enrolled in Banno Business
$45 International wires
What makes a check counterfeit?
Refers to a check that is entirely fake created from scratch to resemble a legitimate check. Compare the fraudulent check to the customer’s authentic check stock for verification.
Must be reported within 30 calendar days of statement availability. *First Resource Bank’s statement backers grant 60 calendar days but this is outside of UCC guidelines*
Paying bank is typically liable unless the account holder contributed to the loss.
What is our Stock Symbol?
What is FRSB
What is the all clear signal
Branches - Yellow Wet Floor sign in front vestibule
HQ - Janines name plate
Fastest Growing Bank in Greater Philadelphia - what place did FRB take?
5th with deposit growth of 10.81% $54M
1st place grew 21.57% 3.96M (2nd Federal S&L)
2nd place grew 19.96% 980K (Philadelphia Trust)
3rd place grew 13.42% 47M (Asian Bank)
4th place grew 11.69% 3.71B (Barclay)
What is the difference between Check Positive Pay and Payee Positive Pay?
Check - matches the Check #, amount and date
Payee - matches the check #, payee, amount and date.
What makes a check altered?
Refers to a check that has been modified after issuance (e.g. changing the amount or payee’s name).
Must be reported within 1 calendar year. *First Resource Bank’s statement backers grant 60 calendar days but this is outside of UCC guidelines*
If alteration is apparent, the paying bank may recover from the depositary bank (bank of first deposit).
What is NIM?
Net Interest Margin - The difference between what we earn on loans vs. what we pay on deposits
March 2025 - 3.60%
March 2024 - 3.35%
What happens if all clear is not set and you are the second person waiting for it?
If the all-clear signal is not posted, do not enter the building. Instead, call the employee already inside to confirm everything is secure. The employee inside must end the conversation by stating the date and time. If the response does not include this information, do not enter the building—call 911 immediately.
What are the 2025 goals for FRB
$70M in deposits - grow by 14%
$70M in loans - grow by 12%
Net Income of $7M
What is ACH Positive Pay?
ACH Positive Pay ensures that only ACH transactions from preapproved vendors are posted to the account. If a transaction outside these settings is received, it is flagged as an exception. If no decision is made by 10 AM, the item will be returned unpaid.
What is a forged check?
Refers to a check with an unauthorized signature: maker, payee, or drawee bank.
Must be reported within 30 calendar days of statement availability. *First Resource Bank’s statement backers grant 60 calendar days but this is outside of UCC guidelines*
Paying bank is liable unless negligence by account holder is proven.
How did the deposit cost help us in 1st quarter?
Deposit costs are down 11 bps / Total deposit costs are down 8 bps
March 2025
Interest bearing deposits - 3.35%
Total deposits cost - 2.80%
If an evacuation is needed where are is meeting place?
Stockton Drive : Bottom of parking lot near assisted living facility
Exton Branch: Apartment parking lot above the bank parking lot
West Chester Branch: Apartment parking lot behind the building
Wayne Branch: Parking lot across the street (old Chili's parking lot)
Can you e-sign Laser pro docs? What forms can be signed via e-sign?
No - only ARGO forms can be signed via e-sign
What is ACH Origination?
ACH Origination is an ideal solution for businesses seeking a fast, secure, and efficient way to send and collect funds electronically.
IRS Checks always will have a Agency Locator code on it = what numbers indicate Tax Refund
2009
What was our book value per share as of 3/31/2025?
$17.34 in March 2025 compared to 15.34 in March of 2024
What is a teller cash limit?
Who is our Merchant Card Vendor? Credit Card Vendor? Lockbox Vendor?
Merchant - TESLA
Credit Card - TCM (Total Card Managment)
Lockbox - TMR - (Technology Managment Resources)
If I pay a bill using bill pay and a paper check is cut will it be registered through the customers Positive Pay as an exception?
No - if a check is cut it will clear the account and not show up as an exception in Positive Pay
How much money annually does the banking industry lose in fraud against deposit accounts?
$2 BILLION
1/3 is check fraud
What percentage of our deposits is insured / collateralized?
82% as of March 2025
What is the Total currency limits per branch?
$360,000