AIG Federal Savings Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • AIG Federal Savings Bank in Wilmington, Delaware (DE)
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AIG Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 35267
    Status: Active
    Federal Reserve ID: 2909330
    Date Established: May 15, 2000
    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)

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
  • 37Total employees (full-time equivalent)
  • $1,061,809Total assets
  • $283,659Cash and due from depository institutions
  • $282,834Interest-bearing balances
  • $571,543Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,093Net loans & leases
  • $2,418Loan loss allowance
  • $0Trading account assets
  • $18Bank premises and fixed assets
  • $365Other real estate owned
  • $0Goodwill and other intangibles
  • $1,061,809Life insurance assets
  • $22,131All other assets
  • $929,639Total liabilities and capital
  • $895,788Total liabilities
  • $894,850Total deposits
  • $895,788Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,395Trading liabilities
  • $0Other borrowed funds
  • $16,456Subordinated debt
  • $132,170All other liabilities
  • $132,170Total equity capital
  • $132,170Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $128,186Surplus
  • $3,984Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,485Income earned, not collected on loans
  • $497Earning assets
  • $1,953Long-term assets (5+ years)
  • $1,038,470Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,055,073Volatile liabilities
  • $1,079,473Insider loans
  • $383,161FHLB advances
  • $1,067,591Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $137,952Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,597Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,270Total interest income
  • $7,023Total interest expense
  • $13,247Net interest income
  • $1,347Provision for loan and lease losses
  • $1,290Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,282Additional noninterest income
  • $12,487Total noninterest expense
  • $5,859Salaries and employee benefits
  • $326Premises and equipment expense
  • $6,302Additional noninterest expense
  • $703Pre-tax net operating income
  • -$1,814Securities gains (losses)
  • -$2,056Applicable income taxes
  • $945Income before extraordinary items
  • $0Extraordinary gains - net
  • $945Net income attributable to bank
  • $0Net charge-offs
  • $945Cash dividends
  • $913Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.97%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 1.29%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 1.21%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • 0.72%Return on equity (ROE)
  • 0.72%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 147.54%Credit loss provision to net charge-offs
  • 2.25%Efficiency ratio
  • 85,898Assets per employee
  • 28.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 69.38%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 20.55%Net loans and leases to core deposits
  • 21.82%Equity capital to assets
  • 12.45%Core capital (leverage) ratio
  • 12.92%Tier 1 risk-based capital ratio
  • 36.00%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $1,055,073Average earning assets
  • $132,037Average equity
  • $1,030,527Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,973,830Managed Assets
  • 1Number of Accounts
  • $4,669Personal trust and agency accounts
  • $4,669Employee 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
  • 845Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,969,161Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,969,161Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Delaware Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    077231Aig Federal Savings Bank600 North King Street, Suite 2, Wilmington, DE 19801May 15, 2000Full Service Brick and Mortar

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