Applied Bank in city_name, state_name - Detailed Financial Reports, Location

Applied Bank in Wilmington, Delaware (DE)
Show street view No street view available for this location

Applied Bank routing number info

Applied Bank - Overview

General
FDIC Certificate #: 34193
Status: Active
Federal Reserve ID: 2467670
Date Established: July 01, 1996
WWW: http://www.appliedbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 56851
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 01, 1996
Last Structure Change Effective Date: May 28, 2008
Last Structure Change Process Date: September 22, 2008
Last Data Update: September 22, 2008
Data Source Date: April 05, 2012
Location
Address: 601 Delaware Avenue, 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
Corrections
Name Change
Financial Summary
Total assets: $220.5 mil
Equity capital: $56.3 mil
Deposits held in domestic offices: $163.8 mil
Return on assets (ROA): 2.31% ($5.1 mil)
Quarterly return on assets: 2.00% ($4.4 mil)
Return on Equity (ROE): 8.49% ($4.8 mil)
Quarterly return on equity: 6.84% ($3.8 mil)
Net income: $4.6 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 2.43% ($5,357.5 mil)
Quarterly Pretax return on assets: 2.10% ($4,630.0 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, 2011)

Dollar figures in thousands
38Total employees (full-time equivalent)
$220,474Total assets
$116,911Cash and due from depository institutions
$115,676Interest-bearing balances
$34,725Securities
$0Federal funds sold & reverse repurchase agreements
$67,098Net loans & leases
$917Loan loss allowance
$0Trading account assets
$497Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$220,474Life insurance assets
$1,243All other assets
$164,150Total liabilities and capital
$163,847Total liabilities
$109,777Total deposits
$163,847Interest-bearing deposits
$58Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$303Subordinated debt
$56,324All other liabilities
$56,324Total equity capital
$56,324Total bank equity capital
$0Perpetual preferred stock
$3,500Common stock
$39,103Surplus
$13,721Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7Income earned, not collected on loans
$0Earning assets
$334Long-term assets (5+ years)
$217,499Average Assets, year-to-date
$21,734Average Assets, quarterly
$199,424Volatile liabilities
$191,280Insider loans
$72,530FHLB advances
$383,097Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$53,948Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,984Restructured Loans and leases
$116Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,269Total interest income
$194Total interest expense
$6,075Net interest income
$173Provision for loan and lease losses
$7,310Total noninterest income
$0Fiduciary activities
$55Service charges on deposit accounts
$0Trading account gains & fees
$7,255Additional noninterest income
$8,493Total noninterest expense
$2,938Salaries and employee benefits
$909Premises and equipment expense
$4,646Additional noninterest expense
$4,719Pre-tax net operating income
$119Securities gains (losses)
$236Applicable income taxes
$4,602Income before extraordinary items
$0Extraordinary gains - net
$4,602Net income attributable to bank
$0Net charge-offs
$4,602Cash dividends
$25Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.20%Yield on earning assets
0.10%Cost of funding earning assets
3.10%Net interest margin
3.73%Noninterest income to earning assets
4.33%Noninterest expense to earning assets
2.25%Net operating income to assets
2.31%Return on assets (ROA)
2.43%Pretax return on assets
8.49%Return on equity (ROE)
8.49%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
692.00%Credit loss provision to net charge-offs
195.68%Efficiency ratio
63,452Assets per employee
5.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
13100.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
40.95%Net loans and leases to core deposits
40.95%Equity capital to assets
25.55%Core capital (leverage) ratio
14.08%Tier 1 risk-based capital ratio
74.38%Total risk-based capital ratio
Memoranda
$76Average assets
$199,424Average earning assets
$54,180Average equity
$196,026Average loans

Bank Assets Sold and Securitized (December 31, 2003)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$173,846Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans

List of branches

3 Delaware Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	56851	Applied Bank	601 Delaware Avenue, Wilmington, DE 19801	July 01, 1996	Full Service Brick and Mortar
1	478786	Glasgow Branch	660 Plaza Dr., Newark, DE 19702	May 31, 2007	Full Service Retail
2	527458	Rehoboth Beach	37012 Country Club Road, Rehoboth Beach, DE 19971	November 28, 2011	Full Service Brick and Mortar

Applied Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

Applied Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2003)

List of branches

Comment about this bank, ask questions, or add new information about it:

Applied Bank in Wilmington, Delaware (DE)Overview, Financial Summary, Detailed Financial Reports, Branches

Applied Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2003)

List of branches

Comment about this bank, ask questions, or add new information about it:

Applied Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches