FDIC Certificate #: 12700 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CNB (#4832) Federal Reserve ID: 238812 Date Established: July 09, 1917 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 8056 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: March 02, 2011 Last Data Update: March 02, 2011 Data Source Date: April 05, 2012
Location
Address: 120 Main Street, Felton, DE 19943 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: $81.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
19Total employees (full-time equivalent)
$81,465Total assets
$2,284Cash and due from depository institutions
$328Interest-bearing balances
$2,297Securities
$11,387Federal funds sold & reverse repurchase agreements
$60,935Net loans & leases
$1,689Loan loss allowance
$0Trading account assets
$436Bank premises and fixed assets
$614Other real estate owned
$1,244Goodwill and other intangibles
$0Life insurance assets
$2,268All other assets
$81,465Total liabilities and capital
$72,540Total liabilities
$71,819Total deposits
$59,088Interest-bearing deposits
$71,819Deposits held in domestic offices
91.71%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$721All other liabilities
$8,925Total equity capital
$8,925Total bank equity capital
$8,925Perpetual preferred stock
$0Common stock
$1,362Surplus
$9,421Undivided profits
Memoranda
$-1,858Noncurrent loans and leases
$4,753Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,041Earning assets
$0Long-term assets (5+ years)
$264Average Assets, year-to-date
$74,947Average Assets, quarterly
$7,077Volatile liabilities
$86,652Insider loans
$80,953FHLB advances
$19,641Loans and leases held for sale
$353Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,753Total unused commitments
$1,078Restructured Loans and leases
$776Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$4,142Total interest income
$1,128Total interest expense
$3,014Net interest income
$1,250Provision for loan and lease losses
-$9Total noninterest income
$0Fiduciary activities
$272Service charges on deposit accounts
$0Trading account gains & fees
-$281Additional noninterest income
$4,946Total noninterest expense
$1,261Salaries and employee benefits
$518Premises and equipment expense
$3,167Additional noninterest expense
-$3,191Pre-tax net operating income
$0Securities gains (losses)
-$567Applicable income taxes
-$2,624Income before extraordinary items
$0Extraordinary gains - net
-$2,624Net income attributable to bank
$0Net charge-offs
-$2,624Cash dividends
$1,036Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
1.45%Cost of funding earning assets
3.87%Net interest margin
-0.01%Noninterest income to earning assets
6.36%Noninterest expense to earning assets
-3.03%Net operating income to assets
-3.03%Return on assets (ROA)
-3.68%Pretax return on assets
-25.53%Return on equity (ROE)
-25.53%Retained earnings to average equity (YTD only)
1.48%Net charge-offs to loans
120.66%Credit loss provision to net charge-offs
-1.87%Efficiency ratio
109,218Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.70%Loss allowance to noncurrent loans
23.99%Noncurrent assets plus other real estate owned to assets
9.40%Noncurrent loans to loans
11.24%Net loans and leases to deposits
84.85%Net loans and leases to core deposits
116.78%Equity capital to assets
10.96%Core capital (leverage) ratio
9.41%Tier 1 risk-based capital ratio
12.58%Total risk-based capital ratio
Memoranda
$14Average assets
$86,652Average earning assets
$10,279Average equity
$77,796Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Felton Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: