JCPenney National Bank in Harrington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 1997

JCPenney National Bank in Harrington, Delaware (DE)
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JCPenney National Bank - Overview

General
FDIC Certificate #: 4810
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: The First National Bank of Wyoming (#4819)
Federal Reserve ID: 36018
Date Established: January 01, 1888
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 3214
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: January 01, 1934
Last Structure Change Effective Date: October 24, 1997
Last Structure Change Process Date: November 14, 1997
Last Data Update: November 14, 1997
Data Source Date: April 05, 2012
Location
Address: 9 Commerce Street, Harrington, DE 19952
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)
Financial Summary
Total assets: $174.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$69Total assets
$626,739Cash and due from depository institutions
$4,675Interest-bearing balances
$0Securities
$862Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$599,865Loan loss allowance
$39,011Trading account assets
$0Bank premises and fixed assets
$697Other real estate owned
$190Goodwill and other intangibles
$20,450Life insurance assets
$0All other assets
$0Total liabilities and capital
$626,739Total liabilities
$580,542Total deposits
$564,088Interest-bearing deposits
$539,416Deposits held in domestic offices
564088.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$10,700Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$5,754Total equity capital
$5,754Total bank equity capital
$46,197Perpetual preferred stock
$0Common stock
$210Surplus
$27,450Undivided profits
Memoranda
$18,537Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,340Income earned, not collected on loans
$232Earning assets
$600,727Long-term assets (5+ years)
$36,129Average Assets, year-to-date
$659,541Average Assets, quarterly
$640,377Volatile liabilities
$77,910Insider loans
$107FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,690,073Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$46,197Total risk weighted assets
$609,638Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$110,777Total interest expense
$33,030Net interest income
$77,747Provision for loan and lease losses
$63,000Total noninterest income
$18,660Fiduciary activities
$0Service charges on deposit accounts
$384Trading account gains & fees
$0Additional noninterest income
$18,276Total noninterest expense
$31,588Salaries and employee benefits
$1,541Premises and equipment expense
$302Additional noninterest expense
$29,745Pre-tax net operating income
$1,819Securities gains (losses)
$1Applicable income taxes
$719Income before extraordinary items
$1,101Extraordinary gains - net
$0Net income attributable to bank
$1,101Net charge-offs
$60,960Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
17.46%Cost of funding earning assets
5.21%Net interest margin
12.26%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
4.98%Net operating income to assets
0.17%Return on assets (ROA)
0.17%Pretax return on assets
0.28%Return on equity (ROE)
2.36%Retained earnings to average equity (YTD only)
2.36%Net charge-offs to loans
9.20%Credit loss provision to net charge-offs
103.35%Efficiency ratio
32,765Assets per employee
9.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.11%Loss allowance to noncurrent loans
272.04%Noncurrent assets plus other real estate owned to assets
2.32%Noncurrent loans to loans
2.24%Net loans and leases to deposits
106.34%Net loans and leases to core deposits
120.73%Equity capital to assets
7.37%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
7.58%Total risk-based capital ratio
Memoranda
$9Average assets
$659,541Average earning assets
$46,596Average equity
$634,319Average loans

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