Allfirst Financial Center National Association - Overview
General
FDIC Certificate #: 23834 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Manufacturers and Traders Trust Company (#588) Federal Reserve ID: 55916 Date Established: May 07, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 16658 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 07, 1982 Last Structure Change Effective Date: July 04, 2003 Last Structure Change Process Date: July 24, 2003 Last Data Update: July 24, 2003 Data Source Date: April 05, 2012
Location
Address: 499 Mitchell Road, Millsboro, DE 19966 County: Sussex 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 Core Based Statistical Area (CBSA): Seaford, DE (#42580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $80.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
2Total employees (full-time equivalent)
$77,126Total assets
$2,704Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$53,000Federal funds sold & reverse repurchase agreements
$12,605Net loans & leases
$160Loan loss allowance
$0Trading account assets
$8,070Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$747All other assets
$77,126Total liabilities and capital
$68,693Total liabilities
$30,607Total deposits
$27,428Interest-bearing deposits
$30,607Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$38,086All other liabilities
$8,433Total equity capital
$8,433Total bank equity capital
$8,433Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,500Undivided profits
Memoranda
$5,433Noncurrent loans and leases
$3,118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15Earning assets
$0Long-term assets (5+ years)
$55Average Assets, year-to-date
$65,605Average Assets, quarterly
$9,262Volatile liabilities
$61,424Insider loans
$71,285FHLB advances
$5,419Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,118Total unused commitments
$0Restructured Loans and leases
$160Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,272Total interest income
$617Total interest expense
$655Net interest income
$23Provision for loan and lease losses
$149Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$749Total noninterest expense
$65Salaries and employee benefits
-$279Premises and equipment expense
$963Additional noninterest expense
$32Pre-tax net operating income
$0Securities gains (losses)
-$153Applicable income taxes
$185Income before extraordinary items
$0Extraordinary gains - net
$185Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.51%Yield on earning assets
1.22%Cost of funding earning assets
1.29%Net interest margin
0.29%Noninterest income to earning assets
1.48%Noninterest expense to earning assets
0.30%Net operating income to assets
0.30%Return on assets (ROA)
0.05%Pretax return on assets
2.21%Return on equity (ROE)
2.21%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
2.39%Efficiency ratio
93,159Assets per employee
38.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
1066.67%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.12%Net loans and leases to deposits
41.18%Net loans and leases to core deposits
50.04%Equity capital to assets
10.93%Core capital (leverage) ratio
14.93%Tier 1 risk-based capital ratio
27.98%Total risk-based capital ratio
Memoranda
$29Average assets
$61,424Average earning assets
$8,354Average equity
$50,724Average loans
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