FDIC Certificate #: 27575 Status: Active Federal Reserve ID: 1404940 Bank Holding Company (Regulatory Top Holder): Discover Financial Services (RSSDID: 3846375, Location: Riverwoods, IL) Date Established: August 18, 1989 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 40360 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: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: August 18, 1989 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 12 Read's Way, New Castle, DE 19720 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $16.0 mil Equity capital: $15.5 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 0.07% ($0.0 mil) Quarterly return on assets: 0.12% ($0.0 mil) Return on Equity (ROE): 0.08% ($0.0 mil) Quarterly return on equity: 0.13% ($0.0 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.11% ($17.6 mil) Quarterly Pretax return on assets: 0.12% ($19.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
0Total employees (full-time equivalent)
$16,039Total assets
$357Cash and due from depository institutions
$0Interest-bearing balances
$145Securities
$0Federal funds sold & reverse repurchase agreements
$15,526Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$16,039Life insurance assets
$11All other assets
$509Total liabilities and capital
$500Total liabilities
$500Total deposits
$500Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$9Subordinated debt
$15,530All other liabilities
$15,530Total equity capital
$15,530Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$9,251Surplus
$5,779Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$9Long-term assets (5+ years)
$15,671Average Assets, year-to-date
$145Average Assets, quarterly
$16,034Volatile liabilities
$16,038Insider loans
$3,324FHLB advances
$16,041Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,530Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$63Total interest income
$1Total interest expense
$62Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$45Additional noninterest expense
$17Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
$12Income before extraordinary items
$0Extraordinary gains - net
$12Net income attributable to bank
$0Net charge-offs
$12Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.40%Yield on earning assets
0.01%Cost of funding earning assets
0.40%Net interest margin
0.00%Noninterest income to earning assets
0.29%Noninterest expense to earning assets
0.07%Net operating income to assets
0.07%Return on assets (ROA)
0.11%Pretax return on assets
0.08%Return on equity (ROE)
0.08%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,581Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
3105.20%Net loans and leases to core deposits
0.00%Equity capital to assets
96.83%Core capital (leverage) ratio
96.81%Tier 1 risk-based capital ratio
467.21%Total risk-based capital ratio
Memoranda
$467Average assets
$16,034Average earning assets
$15,524Average equity
$15,647Average loans
List of branches
1 Delaware Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40360
Bank Of New Castle
12 Read's Way, New Castle, DE 19720
August 18, 1989
Full Service Brick and Mortar
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