Trade First Bank - FRBA CFD

First Bank Company profile

About FIRST BANK (Hamilton)

First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans, residential real estate loans, and consumer and other loans. It offers a range of deposit instruments, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts and certificates of deposit. The Company operates approximately 18 branches located in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Lawrence, Pennington, Randolph, Somerset and Williamstown, New Jersey, and Doylestown, Trevose, Warminster and West Chester, Pennsylvania.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, FIRSTBANK (Hamilton) interest income increased 2% to $91.1M. Netinterest income after loan loss provision increased 18% to$82.1M. Net income increased 82% to $35.4M. Net interestincome after loan loss provision reflects Net InterestMargin - Total - % increase of 8% to 3.56%, Net InterestSpread - Total - % increase of 14% to 3.4%, Loans,Including Fees increase of 3% to $88.1M.