FDIC Certificate #: 18664 Status: Inactive Federal Reserve ID: 368111 Date Established: August 01, 1927 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11407 FDIC's unique #: 12542 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: December 14, 1962 Last Structure Change Effective Date: June 30, 2010 Last Structure Change Process Date: July 06, 2010 Last Data Update: July 06, 2010 Data Source Date: April 05, 2012
Location
Address: One Righter Parkway, Delaware Corporate Center 1, 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
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $0.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
3Total employees (full-time equivalent)
$5,605Total assets
$2,695Cash and due from depository institutions
$2,675Interest-bearing balances
$171Securities
$0Federal funds sold & reverse repurchase agreements
$2,515Net loans & leases
$134Loan loss allowance
$0Trading account assets
$92Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$132All other assets
$5,605Total liabilities and capital
$395Total liabilities
$1Total deposits
$0Interest-bearing deposits
$1Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$394All other liabilities
$5,210Total equity capital
$5,210Total bank equity capital
$5,210Perpetual preferred stock
$0Common stock
$1,285Surplus
$8,023Undivided profits
Memoranda
$-4,098Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$5,361Average Assets, quarterly
$2,820Volatile liabilities
$32,099Insider loans
$13,709FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$29Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$269Total interest income
$0Total interest expense
$269Net interest income
-$17Provision for loan and lease losses
$984Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$984Additional noninterest income
$2,637Total noninterest expense
$1,622Salaries and employee benefits
$37Premises and equipment expense
$978Additional noninterest expense
-$1,367Pre-tax net operating income
$0Securities gains (losses)
$6,433Applicable income taxes
-$7,800Income before extraordinary items
$0Extraordinary gains - net
-$7,800Net income attributable to bank
$0Net charge-offs
-$7,800Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.04%Yield on earning assets
0.00%Cost of funding earning assets
1.04%Net interest margin
3.82%Noninterest income to earning assets
10.24%Noninterest expense to earning assets
-24.30%Net operating income to assets
-24.30%Return on assets (ROA)
-4.26%Pretax return on assets
-66.61%Return on equity (ROE)
-66.61%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
210,455Assets per employee
1.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.06%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
251500.00%Net loans and leases to core deposits
251500.00%Equity capital to assets
92.95%Core capital (leverage) ratio
30.48%Tier 1 risk-based capital ratio
235.85%Total risk-based capital ratio
Memoranda
$237Average assets
$32,099Average earning assets
$11,709Average equity
$25,753Average 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 Advanta 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: