FDIC Certificate #: 35267 Status: Active Federal Reserve ID: 2909330 Date Established: May 15, 2000 WWW:http://www.aigbank.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14939 FDIC's unique #: 77231 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 15, 2000 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 600 North King Street, Suite 2, Wilmington, DE 19801 County: New Castle Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Claymont Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Wilmington-Newark, DE-MD (#9160) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $1,061.8 mil Equity capital: $132.2 mil Deposits held in domestic offices: $895.8 mil Return on assets (ROA): 0.09% ($1.0 mil) Quarterly return on assets: 0.28% ($3.0 mil) Return on Equity (ROE): 0.72% ($1.0 mil) Quarterly return on equity: 2.32% ($3.1 mil) Net income: $0.9 mil Quarterly Net income: $0.8 mil Pretax return on assets: -0.11% (-$1,168.0 mil) Quarterly Pretax return on assets: -0.31% (-$3,291.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
37Total employees (full-time equivalent)
$1,061,809Total assets
$283,659Cash and due from depository institutions
$282,834Interest-bearing balances
$571,543Securities
$0Federal funds sold & reverse repurchase agreements
$184,093Net loans & leases
$2,418Loan loss allowance
$0Trading account assets
$18Bank premises and fixed assets
$365Other real estate owned
$0Goodwill and other intangibles
$1,061,809Life insurance assets
$22,131All other assets
$929,639Total liabilities and capital
$895,788Total liabilities
$894,850Total deposits
$895,788Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$17,395Trading liabilities
$0Other borrowed funds
$16,456Subordinated debt
$132,170All other liabilities
$132,170Total equity capital
$132,170Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$128,186Surplus
$3,984Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,485Income earned, not collected on loans
$497Earning assets
$1,953Long-term assets (5+ years)
$1,038,470Average Assets, year-to-date
$0Average Assets, quarterly
$1,055,073Volatile liabilities
$1,079,473Insider loans
$383,161FHLB advances
$1,067,591Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$137,952Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$35,597Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$20,270Total interest income
$7,023Total interest expense
$13,247Net interest income
$1,347Provision for loan and lease losses
$1,290Total noninterest income
$0Fiduciary activities
$8Service charges on deposit accounts
$0Trading account gains & fees
$1,282Additional noninterest income
$12,487Total noninterest expense
$5,859Salaries and employee benefits
$326Premises and equipment expense
$6,302Additional noninterest expense
$703Pre-tax net operating income
-$1,814Securities gains (losses)
-$2,056Applicable income taxes
$945Income before extraordinary items
$0Extraordinary gains - net
$945Net income attributable to bank
$0Net charge-offs
$945Cash dividends
$913Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.97%Yield on earning assets
0.68%Cost of funding earning assets
1.29%Net interest margin
0.13%Noninterest income to earning assets
1.21%Noninterest expense to earning assets
0.20%Net operating income to assets
0.09%Return on assets (ROA)
-0.11%Pretax return on assets
0.72%Return on equity (ROE)
0.72%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
147.54%Credit loss provision to net charge-offs
2.25%Efficiency ratio
85,898Assets per employee
28.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
69.38%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
1.87%Net loans and leases to deposits
20.55%Net loans and leases to core deposits
21.82%Equity capital to assets
12.45%Core capital (leverage) ratio
12.92%Tier 1 risk-based capital ratio
36.00%Total risk-based capital ratio
Memoranda
$37Average assets
$1,055,073Average earning assets
$132,037Average equity
$1,030,527Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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