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First Resource Bancorp, Inc. reports developments tied to its role as the holding company for First Resource Bank, a Pennsylvania state-chartered bank serving businesses, professionals and individuals in the Delaware Valley. Company news commonly covers quarterly and annual results, loan and deposit growth, net interest margin, interest income and expense, borrowings and balance-sheet management.
Recurring announcements also include capital actions such as common-stock dividends and subordinated debt offerings used to support bank capital and operations. The bank’s disclosures center on deposit and credit services, traditional community banking products and financial performance across its local banking franchise.
First Resource Bancorp (OTCQX: FRSB), holding company for First Resource Bank, announced the appointments of Kristofer A. Paul as Executive Vice President and Chief Financial Officer and Wayne M. McKillop as Executive Vice President and Chief Lending Officer. The company said these additions support its strategic growth initiatives and deepen its experienced leadership bench.
Paul, with more than 20 years in accounting, finance and executive leadership, will oversee financial strategy, accounting, reporting, budgeting and capital management, drawing on experience in regulatory reporting, investor relations and M&A analysis. McKillop, who has over two decades of commercial banking and lending experience, will lead the lending platform, focusing on commercial and industrial lending, middle‑market banking, portfolio management, credit risk oversight and business development, aligning with the Bank’s relationship‑driven, community‑focused strategy.
First Resource Bancorp (OTCQX: FRSB) declared a regular quarterly cash dividend of $0.02 per share on its common stock. The dividend is payable on August 26, 2026 to shareholders of record as of August 12, 2026.
The company is the holding company for First Resource Bank, a Pennsylvania state‑chartered community bank serving the Delaware Valley.
First Resource Bancorp (OTCQX: FRSB) reported record second-quarter 2026 results, with net income of $2.8 million, up 46% year over year and 13% sequentially. Earnings per share rose to $0.93, an increase of 48% from the prior year quarter.
According to First Resource Bancorp, annualized return on average equity reached 17.82% and return on average assets was 1.36%. Net interest income grew 36% year over year to $8.1 million, while net interest margin expanded 29 basis points to 4.09%. The efficiency ratio improved to 54.39% versus 60.05% a year earlier.
Total loans increased 3% during the quarter to $726.9 million, and total deposits rose 4% to $745.4 million, with noninterest-bearing deposits up 5%. Non-performing assets fell to 0.10% of total assets, and book value per share increased 4% to $21.19, alongside a quarterly cash dividend of $0.02 per share.
First Resource Bancorp (OTCQX: FRSB) reported record first quarter 2026 results with net income $2.5M (up 47% YoY) and EPS $0.82 (up 46% YoY). Net interest income rose to $7.34M and net interest margin expanded to 3.80%. Total loans grew to $705.3M (+17% YoY) and deposits increased 25% year-over-year. Non-performing assets rose to 0.37% of assets; provision for credit losses was $377K. Book value per share reached $20.30 and a $0.02 quarterly dividend was paid.
First Resource Bancorp (OTCQX: FRSB) announced a regular quarterly cash dividend of $0.02 per share, declared April 15, 2026. The dividend is payable May 15, 2026 to shareholders of record as of May 1, 2026. The company is the holding company for First Resource Bank, a Pennsylvania state-chartered bank with three branches.
The announcement reiterates forward-looking caution language and directs investors to the company website for more information.
First Resource Bancorp (OTCQX: FRSB) declared its first regular quarterly cash dividend of $0.02 per share on February 18, 2026. The dividend is payable on March 20, 2026 to shareholders of record as of March 6, 2026.
Management said the initial dividend reflects strong financial performance, balance sheet strength, and a focus on shareholder returns, marking a milestone after twenty years in business.
First Resource Bancorp (OTCQX: FRSB) reported record 2025 results: net income $8.2M (+54%), loans +13%, deposits +31%, and total assets $817.4M (+23%). Return on average equity rose to 14.99% and EPS was $2.72. NIM expanded to 3.75% and book value per share reached $19.56 (+17%).
Fourth-quarter net income was $2.3M ($0.78 per share); liquidity improved with loan-to-deposit at 93.5% and core deposit growth in Q4.
First Resource Bancorp (OTCQX: FRSB) completed a private placement of $8.0 million in subordinated notes on Dec 16, 2025.
Proceeds will support First Resource Bank's growth and operations and retire $6.0 million of existing subordinated debt. The notes mature Dec 15, 2035, carry a 6.00% fixed interest rate, are redeemable beginning Dec 15, 2030, and are structured to qualify as Tier 2 regulatory capital.
First Resource Bank (FRSB) was named Best Bank in Chester County for the ninth consecutive year by Daily Local News readers on Nov. 19, 2025. The bank cites a community-focused model, complementary honors as a Best Places to Work and Best Bank on the Main Line, and 2025 community contributions of over $500,000 plus hundreds of volunteer hours. The release emphasizes customer-focused free products, local banking services, and ongoing commitment to employees, shareholders, and the Delaware Valley community.
First Resource Bank (OTCQX: FRSB) announced it was named Best Bank in Chester County for the ninth consecutive year by readers of the Daily Local News on Nov 19, 2025.
The release highlights two additional recent honors: named a Best Places to Work by the Philadelphia Business Journal and voted Best Bank on the Main Line by Main Line Times readers. In 2025 the bank contributed over $500,000 to local schools, businesses, and civic groups and employees volunteered hundreds of hours.