Advanta National Bank in Wilmington, Delaware (DE)



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Advanta National Bank
GeneralFDIC Certificate #: 33979
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Advanta Bank (#18664)
Federal Reserve ID: 2267759
Date Established: Febuary 01, 1995
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 55353
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 01, 1995
Last Structure Change Effective Date: June 30, 1997
Last Structure Change Process Date: July 14, 1997
Last Data Update: July 14, 1997
Data Source Date: April 05, 2012
LocationAddress: 501 Carr Road, Wilmington, DE 19809
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)
Financial SummaryTotal assets: $1,809.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$0
Cash and due from depository institutions$2,076,433
Interest-bearing balances$67,917
Securities$0
Federal funds sold & reverse repurchase agreements$554,626
Net loans & leases$186,300
Loan loss allowance $1,140,446
Trading account assets$34,310
Bank premises and fixed assets$0
Other real estate owned$13
Goodwill and other intangibles$0
All other assets$129
Life insurance assets$127,002
Total liabilities and capital$0
Total liabilities$2,076,433
Total deposits$1,920,031
Interest-bearing deposits$716,135
Deposits held in domestic offices$705,079
% insured (estimated)716135.00%
Federal funds purchased & repurchase agreements $36
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,094,961
All other liabilities $67,500
Total equity capital$41,435
Total bank equity capital$41,435
Perpetual preferred stock$156,402
Common stock$0
Surplus$25,000
Undivided profits $178,130
Memoranda
Noncurrent loans and leases $-46,728
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $24,945
Earning assets $81,492
Long-term assets (5+ years) $1,881,372
Average Assets, year-to-date $23,433
Average Assets, quarterly $1,983,484
Volatile liabilities $2,145,920
Insider loans $1,131,325
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $996,511
Tier 1 (core) risk-based capital $7,120,764
Tier 2 risk-based capital $0
Total risk weighted assets $156,287
Total unused commitments $1,405,114
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $151,352
Net interest income $115,479
Provision for loan and lease losses $35,873
Total noninterest income $44,428
Fiduciary activities $123,768
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $123,768
Salaries and employee benefits $164,398
Premises and equipment expense $0
Additional noninterest expense $97
Pre-tax net operating income $164,301
Securities gains (losses) -$49,185
Applicable income taxes $44
Income before extraordinary items -$17,199
Extraordinary gains - net -$31,942
Net income attributable to bank $0
Net charge-offs -$31,942
Cash dividends $14,118
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.25%
Net interest margin 6.29%
Noninterest income to earning assets 1.96%
Noninterest expense to earning assets 6.75%
Net operating income to assets 8.96%
Return on assets (ROA) -1.61%
Pretax return on assets -1.61%
Return on equity (ROE) -2.48%
Retained earnings to average equity (YTD only) -22.95%
Net charge-offs to loans -22.95%
Credit loss provision to net charge-offs 0.99%
Efficiency ratio314.69%
Assets per employee$102,956
Cash dividends to net income (YTD only)0.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.92%
Noncurrent assets plus other real estate owned to assets 137.54%
Noncurrent loans to loans 1.20%
Net loans and leases to deposits2.12%
Net loans and leases to core deposits 159.25%
Equity capital to assets 10315.18%
Core capital (leverage) ratio 7.53%
Tier 1 risk-based capital ratio 7.15%
Total risk-based capital ratio 11.12%
Memoranda
Average assets$17
Average earning assets$1,983,484
Average equity $139,162
Average loans $1,834,477
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