FDIC Certificate #: 27499 Status: Active Federal Reserve ID: 1391778 Date Established: May 01, 1989 WWW:http://www.alliancedata.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 40232 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Credit Card Institutions: Yes Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Credit-Card Specialization Date of Deposit Insurance: May 01, 1989 Last Structure Change Effective Date: August 01, 2011 Last Structure Change Process Date: August 15, 2011 Last Data Update: August 15, 2011 Data Source Date: April 05, 2012
Location
Address: One Righter Parkway, Wilmington, DE 19803 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)
History of Changes
Name Change
Change in Chartering Agent
Change in Supervisory Agency
Financial Summary
Total assets: $5,104.4 mil Equity capital: $784.4 mil Deposits held in domestic offices: $1,025.7 mil Return on assets (ROA): 6.02% ($307.3 mil) Quarterly return on assets: 4.34% ($221.5 mil) Return on Equity (ROE): 40.81% ($320.0 mil) Quarterly return on equity: 28.40% ($222.7 mil) Net income: $298.1 mil Quarterly Net income: $55.4 mil Pretax return on assets: 9.50% ($484,915.5 mil) Quarterly Pretax return on assets: 6.36% ($324,638.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
102Total employees (full-time equivalent)
$5,104,374Total assets
$82,798Cash and due from depository institutions
$57,056Interest-bearing balances
$39,073Securities
$0Federal funds sold & reverse repurchase agreements
$4,584,706Net loans & leases
$400,421Loan loss allowance
$0Trading account assets
$87Bank premises and fixed assets
$0Other real estate owned
$60,141Goodwill and other intangibles
$5,104,374Life insurance assets
$337,569All other assets
$4,320,015Total liabilities and capital
$1,025,738Total liabilities
$1,003,700Total deposits
$1,025,738Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,031,315Trading liabilities
$0Other borrowed funds
$262,962Subordinated debt
$784,359All other liabilities
$784,359Total equity capital
$784,359Total bank equity capital
$0Perpetual preferred stock
$17,500Common stock
$157,364Surplus
$609,495Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$136,392Income earned, not collected on loans
$0Earning assets
$40,520Long-term assets (5+ years)
$4,680,835Average Assets, year-to-date
$17,574Average Assets, quarterly
$4,953,362Volatile liabilities
$5,103,808Insider loans
$4,992,465FHLB advances
$5,149,438Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$742,025Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$28,144,779Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,270,332Total interest income
$131,835Total interest expense
$1,138,497Net interest income
$250,271Provision for loan and lease losses
$57,819Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$57,819Additional noninterest income
$475,392Total noninterest expense
$12,420Salaries and employee benefits
$507Premises and equipment expense
$462,465Additional noninterest expense
$470,653Pre-tax net operating income
$30Securities gains (losses)
$172,569Applicable income taxes
$298,114Income before extraordinary items
$0Extraordinary gains - net
$298,114Net income attributable to bank
$0Net charge-offs
$298,114Cash dividends
$303,235Sale, conversion, retirement of capital stock, net
$150,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
29.29%Yield on earning assets
3.04%Cost of funding earning assets
26.25%Net interest margin
1.33%Noninterest income to earning assets
10.96%Noninterest expense to earning assets
6.02%Net operating income to assets
6.02%Return on assets (ROA)
9.50%Pretax return on assets
40.81%Return on equity (ROE)
20.28%Retained earnings to average equity (YTD only)
6.62%Net charge-offs to loans
82.53%Credit loss provision to net charge-offs
2.38%Efficiency ratio
38,458Assets per employee
50.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.32%Loss allowance to loans
8.03%Loss allowance to noncurrent loans
293.58%Noncurrent assets plus other real estate owned to assets
2.67%Noncurrent loans to loans
2.74%Net loans and leases to deposits
446.97%Net loans and leases to core deposits
20803.64%Equity capital to assets
15.37%Core capital (leverage) ratio
14.41%Tier 1 risk-based capital ratio
14.86%Total risk-based capital ratio
Memoranda
$16Average assets
$4,953,362Average earning assets
$730,510Average equity
$4,337,287Average loans
Bank Assets Sold and Securitized (December 31, 2009)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$4,282,441Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
List of branches
1 Delaware Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40232
World Financial Network Bank
One Righter Parkway, Wilmington, DE 19803
May 01, 1989
Full Service Brick and Mortar
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