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

This bank is inactive as of June 30, 1998

  • Beneficial National Bank in Wilmington, Delaware (DE)
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Beneficial National Bank - Overview

  • General
  • FDIC Certificate #: 17158
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Household Bank, FSB (#30971)
    Federal Reserve ID: 436319
    Date Established: December 19, 1952
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 11194
    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: December 19, 1952
    Last Structure Change Effective Date: June 30, 1998
    Last Structure Change Process Date: July 21, 1998
    Last Data Update: July 21, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1300 Market Street, 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)
  • Financial Summary
  • Total assets: $358.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 155Total employees (full-time equivalent)
  • $333,612Total assets
  • $51,304Cash and due from depository institutions
  • $0Interest-bearing balances
  • $31,097Securities
  • $62,200Federal funds sold & reverse repurchase agreements
  • $182,158Net loans & leases
  • $7,128Loan loss allowance
  • $0Trading account assets
  • $800Bank premises and fixed assets
  • $454Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,599All other assets
  • $333,612Total liabilities and capital
  • $295,490Total liabilities
  • $268,423Total deposits
  • $153,348Interest-bearing deposits
  • $268,423Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,558Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $545Other borrowed funds
  • $0Subordinated debt
  • $22,964All other liabilities
  • $38,122Total equity capital
  • $38,122Total bank equity capital
  • $38,122Perpetual preferred stock
  • $0Common stock
  • $3,700Surplus
  • $5,550Undivided profits
  • Memoranda
  • $28,872Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,995Earning assets
  • $0Long-term assets (5+ years)
  • $1,120Average Assets, year-to-date
  • $275,455Average Assets, quarterly
  • $30,654Volatile liabilities
  • $402,363Insider loans
  • $370,182FHLB advances
  • $29,175Loans and leases held for sale
  • $5,025Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5Total risk weighted assets
  • $130,865Total unused commitments
  • $0Restructured Loans and leases
  • $238,666Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $27,920Total interest income
  • $7,070Total interest expense
  • $20,850Net interest income
  • $2,087Provision for loan and lease losses
  • $28,551Total noninterest income
  • $1Fiduciary activities
  • $5,480Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23,070Additional noninterest income
  • $16,211Total noninterest expense
  • $6,933Salaries and employee benefits
  • $2,035Premises and equipment expense
  • $7,243Additional noninterest expense
  • $31,103Pre-tax net operating income
  • $0Securities gains (losses)
  • $11,596Applicable income taxes
  • $19,507Income before extraordinary items
  • $0Extraordinary gains - net
  • $19,507Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,129Sale, conversion, retirement of capital stock, net
  • $40,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.97%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 6.70%Net interest margin
  • 9.18%Noninterest income to earning assets
  • 5.21%Noninterest expense to earning assets
  • 4.85%Net operating income to assets
  • 4.85%Return on assets (ROA)
  • 7.73%Pretax return on assets
  • 30.37%Return on equity (ROE)
  • -31.91%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 98.03%Credit loss provision to net charge-offs
  • 15.59%Efficiency ratio
  • 32,771Assets per employee
  • 2.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 205.05%Loss allowance to loans
  • 3.77%Loss allowance to noncurrent loans
  • 357.29%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 67.86%Net loans and leases to core deposits
  • 74.85%Equity capital to assets
  • 11.43%Core capital (leverage) ratio
  • 9.96%Tier 1 risk-based capital ratio
  • 15.93%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $402,363Average earning assets
  • $64,225Average equity
  • $311,161Average loans

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