AIG Federal Savings Bank in Wilmington, Delaware (DE)
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| AIG Federal Savings Bank | |
|---|---|
| General | FDIC Certificate #: 35267 Status: Active Federal Reserve ID: 2909330 Date Established: May 15, 2000 WWW: http://www.aigbank.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14939 FDIC's unique #: 77231 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 15, 2000 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 600 North King Street, Suite 2, Wilmington, DE 19801 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 | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $1,061.8 mil Equity capital: $132.2 mil Deposits held in domestic offices: $895.8 mil Return on assets (ROA): 0.09% ($1.0 mil) Quarterly return on assets: 0.28% ($3.0 mil) Return on Equity (ROE): 0.72% ($1.0 mil) Quarterly return on equity: 2.32% ($3.1 mil) Net income: $0.9 mil Quarterly Net income: $0.8 mil Pretax return on assets: -0.11% (-$1,168.0 mil) Quarterly Pretax return on assets: -0.31% (-$3,291.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $1,061,809 |
| Cash and due from depository institutions | $283,659 |
| Interest-bearing balances | $282,834 |
| Securities | $571,543 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $184,093 |
| Loan loss allowance | $2,418 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18 |
| Other real estate owned | $365 |
| Goodwill and other intangibles | $0 |
| All other assets | $22,131 |
| Life insurance assets | $1,061,809 |
| Total liabilities and capital | $929,639 |
| Total liabilities | $895,788 |
| Total deposits | $894,850 |
| Interest-bearing deposits | $895,788 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $17,395 |
| Other borrowed funds | $0 |
| Subordinated debt | $16,456 |
| All other liabilities | $132,170 |
| Total equity capital | $132,170 |
| Total bank equity capital | $132,170 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $128,186 |
| Undivided profits | $3,984 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,485 |
| Earning assets | $497 |
| Long-term assets (5+ years) | $1,953 |
| Average Assets, year-to-date | $1,038,470 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $1,055,073 |
| Insider loans | $1,079,473 |
| FHLB advances | $383,161 |
| Loans and leases held for sale | $1,067,591 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $137,952 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $35,597 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $20,270 |
| Total interest expense | $7,023 |
| Net interest income | $13,247 |
| Provision for loan and lease losses | $1,347 |
| Total noninterest income | $1,290 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $8 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,282 |
| Total noninterest expense | $12,487 |
| Salaries and employee benefits | $5,859 |
| Premises and equipment expense | $326 |
| Additional noninterest expense | $6,302 |
| Pre-tax net operating income | $703 |
| Securities gains (losses) | -$1,814 |
| Applicable income taxes | -$2,056 |
| Income before extraordinary items | $945 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $945 |
| Net charge-offs | $0 |
| Cash dividends | $945 |
| Sale, conversion, retirement of capital stock, net | $913 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 1.97% |
| Cost of funding earning assets | 0.68% |
| Net interest margin | 1.29% |
| Noninterest income to earning assets | 0.13% |
| Noninterest expense to earning assets | 1.21% |
| Net operating income to assets | 0.20% |
| Return on assets (ROA) | 0.09% |
| Pretax return on assets | -0.11% |
| Return on equity (ROE) | 0.72% |
| Retained earnings to average equity (YTD only) | 0.72% |
| Net charge-offs to loans | 0.47% |
| Credit loss provision to net charge-offs | 147.54% |
| Efficiency ratio | 2.25% |
| Assets per employee | $85,898 |
| Cash dividends to net income (YTD only) | 28.70% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.30% |
| Noncurrent assets plus other real estate owned to assets | 69.38% |
| Noncurrent loans to loans | 0.36% |
| Net loans and leases to deposits | 1.87% |
| Net loans and leases to core deposits | 20.55% |
| Equity capital to assets | 21.82% |
| Core capital (leverage) ratio | 12.45% |
| Tier 1 risk-based capital ratio | 12.92% |
| Total risk-based capital ratio | 36.00% |
| Memoranda | |
| Average assets | $37 |
| Average earning assets | $1,055,073 |
| Average equity | $132,037 |
| Average loans | $1,030,527 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $2,973,830 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $4,669 |
| Employee benefit-defined contribution accounts | $4,669 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 845 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $2,969,161 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $2,969,161 |
| Fiduciary accounts held in foreign offices | $0 |
| 1 Delaware Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 77231 | Aig Federal Savings Bank | 600 North King Street, Suite 2, Wilmington, DE 19801 | May 15, 2000 | Full Service Brick and Mortar |  |
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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.