Applied Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

Applied Bank - Overview

  • General
  • FDIC Certificate #: 34193
    Status: Active
    Federal Reserve ID: 2467670
    Date Established: July 01, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 56851
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1996
    Last Structure Change Effective Date: May 28, 2008
    Last Structure Change Process Date: September 22, 2008
    Last Data Update: September 22, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Delaware Avenue, 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
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $220.5 mil
    Equity capital: $56.3 mil
    Deposits held in domestic offices: $163.8 mil
    Return on assets (ROA): 2.31% ($5.1 mil)
    Quarterly return on assets: 2.00% ($4.4 mil)
    Return on Equity (ROE): 8.49% ($4.8 mil)
    Quarterly return on equity: 6.84% ($3.8 mil)
    Net income: $4.6 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.43% ($5,357.5 mil)
    Quarterly Pretax return on assets: 2.10% ($4,630.0 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
  • 38Total employees (full-time equivalent)
  • $220,474Total assets
  • $116,911Cash and due from depository institutions
  • $115,676Interest-bearing balances
  • $34,725Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,098Net loans & leases
  • $917Loan loss allowance
  • $0Trading account assets
  • $497Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $220,474Life insurance assets
  • $1,243All other assets
  • $164,150Total liabilities and capital
  • $163,847Total liabilities
  • $109,777Total deposits
  • $163,847Interest-bearing deposits
  • $58Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $303Subordinated debt
  • $56,324All other liabilities
  • $56,324Total equity capital
  • $56,324Total bank equity capital
  • $0Perpetual preferred stock
  • $3,500Common stock
  • $39,103Surplus
  • $13,721Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7Income earned, not collected on loans
  • $0Earning assets
  • $334Long-term assets (5+ years)
  • $217,499Average Assets, year-to-date
  • $21,734Average Assets, quarterly
  • $199,424Volatile liabilities
  • $191,280Insider loans
  • $72,530FHLB advances
  • $383,097Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $53,948Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,984Restructured Loans and leases
  • $116Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,269Total interest income
  • $194Total interest expense
  • $6,075Net interest income
  • $173Provision for loan and lease losses
  • $7,310Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,255Additional noninterest income
  • $8,493Total noninterest expense
  • $2,938Salaries and employee benefits
  • $909Premises and equipment expense
  • $4,646Additional noninterest expense
  • $4,719Pre-tax net operating income
  • $119Securities gains (losses)
  • $236Applicable income taxes
  • $4,602Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,602Net income attributable to bank
  • $0Net charge-offs
  • $4,602Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.20%Yield on earning assets
  • 0.10%Cost of funding earning assets
  • 3.10%Net interest margin
  • 3.73%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 2.31%Return on assets (ROA)
  • 2.43%Pretax return on assets
  • 8.49%Return on equity (ROE)
  • 8.49%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 692.00%Credit loss provision to net charge-offs
  • 195.68%Efficiency ratio
  • 63,452Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 13100.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 40.95%Net loans and leases to core deposits
  • 40.95%Equity capital to assets
  • 25.55%Core capital (leverage) ratio
  • 14.08%Tier 1 risk-based capital ratio
  • 74.38%Total risk-based capital ratio
  • Memoranda
  • $76Average assets
  • $199,424Average earning assets
  • $54,180Average equity
  • $196,026Average loans

Bank Assets Sold and Securitized (December 31, 2003)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $173,846Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 3 Delaware Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056851Applied Bank601 Delaware Avenue, Wilmington, DE 19801July 01, 1996Full Service Brick and Mortar
    1478786Glasgow Branch660 Plaza Dr., Newark, DE 19702May 31, 2007Full Service Retail
    2527458Rehoboth Beach37012 Country Club Road, Rehoboth Beach, DE 19971November 28, 2011Full Service Brick and Mortar

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