Commerce Bank/Delaware, National Association - Overview
General
FDIC Certificate #: 34877 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commerce Bank, National Association (#21140) Federal Reserve ID: 2699109 Date Established: December 18, 1999 WWW:http://www.commerceonline.com 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 #: 61939 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 18, 1999 Last Structure Change Effective Date: May 01, 2005 Last Structure Change Process Date: May 16, 2005 Last Data Update: May 16, 2005 Data Source Date: April 05, 2012
Location
Address: 2502 Marsh Road, Wilmington, DE 19810 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: $403.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
146Total employees (full-time equivalent)
$381,363Total assets
$26,197Cash and due from depository institutions
$0Interest-bearing balances
$207,821Securities
$0Federal funds sold & reverse repurchase agreements
$119,667Net loans & leases
$1,535Loan loss allowance
$0Trading account assets
$24,639Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,039All other assets
$381,363Total liabilities and capital
$358,358Total liabilities
$357,238Total deposits
$329,935Interest-bearing deposits
$357,238Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,120All other liabilities
$23,005Total equity capital
$23,005Total bank equity capital
$23,005Perpetual preferred stock
$0Common stock
$4,000Surplus
$16,920Undivided profits
Memoranda
$2,085Noncurrent loans and leases
$55,263Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$71Earning assets
$0Long-term assets (5+ years)
$1,429Average Assets, year-to-date
$327,488Average Assets, quarterly
$216,020Volatile liabilities
$373,036Insider loans
$439,373FHLB advances
$36,256Loans and leases held for sale
$1,588Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$55,263Total unused commitments
$0Restructured Loans and leases
$1,535Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$14,916Total interest income
$2,227Total interest expense
$12,689Net interest income
$400Provision for loan and lease losses
$4,863Total noninterest income
$0Fiduciary activities
$4,491Service charges on deposit accounts
$0Trading account gains & fees
$372Additional noninterest income
$10,811Total noninterest expense
$3,904Salaries and employee benefits
$2,855Premises and equipment expense
$4,052Additional noninterest expense
$6,341Pre-tax net operating income
$0Securities gains (losses)
$2,345Applicable income taxes
$3,996Income before extraordinary items
$0Extraordinary gains - net
$3,996Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
0.69%Cost of funding earning assets
3.92%Net interest margin
1.50%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.70%Pretax return on assets
18.90%Return on equity (ROE)
18.90%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
606.06%Credit loss provision to net charge-offs
102.14%Efficiency ratio
61,594Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
2161.97%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
33.50%Net loans and leases to core deposits
37.28%Equity capital to assets
6.03%Core capital (leverage) ratio
6.04%Tier 1 risk-based capital ratio
11.84%Total risk-based capital ratio
Memoranda
$13Average assets
$373,036Average earning assets
$21,148Average equity
$323,294Average loans
Total Fiduciary and Related Assets (December 31, 2004)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$3,008Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
3Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$3,008Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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