FDIC Certificate #: 27606 Status: Inactive Federal Reserve ID: 1404931 Date Established: October 10, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 40439 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 10, 1989 Last Structure Change Effective Date: January 02, 2002 Last Structure Change Process Date: Febuary 22, 2002 Last Data Update: Febuary 22, 2002 Data Source Date: April 05, 2012
Location
Address: 4500 New Linden Hill Road, Wilmington, DE 19808 County: Kent 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): Dover, DE (#2190) Core Based Statistical Area (CBSA): Dover, DE (#20100) CBSA Metro Statistical Area: Dover, DE (#20100)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Office Sold
Financial Summary
Total assets: $2,423.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
665Total employees (full-time equivalent)
$2,423,684Total assets
$16,424Cash and due from depository institutions
$0Interest-bearing balances
$1,146Securities
$0Federal funds sold & reverse repurchase agreements
$2,234,225Net loans & leases
$82,656Loan loss allowance
$0Trading account assets
$14,302Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$157,587All other assets
$2,423,684Total liabilities and capital
$2,207,841Total liabilities
$9,725Total deposits
$1,233Interest-bearing deposits
$9,725Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,040,057Other borrowed funds
$93,000Subordinated debt
$65,059All other liabilities
$215,843Total equity capital
$215,843Total bank equity capital
$215,843Perpetual preferred stock
$0Common stock
$500Surplus
$161,134Undivided profits
Memoranda
$54,209Noncurrent loans and leases
$20,821,112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$30,855Earning assets
$0Long-term assets (5+ years)
$9,191Average Assets, year-to-date
$2,235,371Average Assets, quarterly
$1,146Volatile liabilities
$2,680,222Insider loans
$2,468,197FHLB advances
$1,041,290Loans and leases held for sale
$1,222Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,821,112Total unused commitments
$0Restructured Loans and leases
$124,521Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$269,023Total interest income
$112,982Total interest expense
$156,041Net interest income
$156,297Provision for loan and lease losses
$31,000Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$31,000Additional noninterest income
$116,412Total noninterest expense
$32,263Salaries and employee benefits
$3,618Premises and equipment expense
$80,531Additional noninterest expense
-$85,668Pre-tax net operating income
$0Securities gains (losses)
-$30,427Applicable income taxes
-$55,241Income before extraordinary items
$0Extraordinary gains - net
-$55,241Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$104,097Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.79%Yield on earning assets
4.53%Cost of funding earning assets
6.26%Net interest margin
1.24%Noninterest income to earning assets
4.67%Noninterest expense to earning assets
-2.06%Net operating income to assets
-2.06%Return on assets (ROA)
-3.20%Pretax return on assets
-22.54%Return on equity (ROE)
-22.54%Retained earnings to average equity (YTD only)
4.09%Net charge-offs to loans
150.15%Credit loss provision to net charge-offs
0.68%Efficiency ratio
62,239Assets per employee
3.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.57%Loss allowance to noncurrent loans
267.89%Noncurrent assets plus other real estate owned to assets
1.27%Noncurrent loans to loans
1.33%Net loans and leases to deposits
22974.04%Net loans and leases to core deposits
26309.76%Equity capital to assets
8.91%Core capital (leverage) ratio
9.26%Tier 1 risk-based capital ratio
8.74%Total risk-based capital ratio
Memoranda
$14Average assets
$2,680,222Average earning assets
$245,090Average equity
$2,492,773Average loans
Bank Assets Sold and Securitized (December 31, 2001)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$320,516Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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