Artisans' Bank in Wilmington, Delaware (DE)
| Artisans' Bank | |
|---|---|
| General | FDIC Certificate #: 17123 Status: Active Federal Reserve ID: 73116 Date Established: Febuary 28, 1861 WWW: http://www.artisansbank.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 13 (Domestic: 13, Interstate: No) OTS Docket #: 13184 FDIC's unique #: 11166 Numeric code: 42 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 03, 1952 Last Structure Change Effective Date: June 24, 2008 Last Structure Change Process Date: June 24, 2008 Last Data Update: June 24, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 2961 Centerville Road, Wilmington, DE 19808 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 Summary | Total assets: $543.9 mil Equity capital: $39.4 mil Deposits held in domestic offices: $476.4 mil Return on assets (ROA): -0.09% (-$0.5 mil) Quarterly return on assets: -0.94% (-$5.1 mil) Return on Equity (ROE): -1.38% (-$0.5 mil) Quarterly return on equity: -12.80% (-$5.0 mil) Net income: -$0.5 mil Quarterly Net income: -$1.3 mil Pretax return on assets: -0.20% (-$1,087.8 mil) Quarterly Pretax return on assets: -0.77% (-$4,188.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 132 |
| Total assets | $543,915 |
| Cash and due from depository institutions | $42,977 |
| Interest-bearing balances | $35,595 |
| Securities | $116,110 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $341,185 |
| Loan loss allowance | $11,275 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $28,374 |
| Other real estate owned | $7,656 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,613 |
| Life insurance assets | $543,915 |
| Total liabilities and capital | $504,492 |
| Total liabilities | $476,401 |
| Total deposits | $448,920 |
| Interest-bearing deposits | $476,401 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $20,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $8,091 |
| All other liabilities | $39,423 |
| Total equity capital | $39,423 |
| Total bank equity capital | $39,423 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $7,000 |
| Undivided profits | $32,423 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $200 |
| Income earned, not collected on loans | $19,132 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,203 |
| Average Assets, year-to-date | $492,890 |
| Average Assets, quarterly | $79,648 |
| Volatile liabilities | $586,600 |
| Insider loans | $548,653 |
| FHLB advances | $403,908 |
| Loans and leases held for sale | $544,128 |
| Unused loan commitments | $2,731 |
| Tier 1 (core) risk-based capital | $2,731 |
| Tier 2 risk-based capital | $35,175 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $44,774 |
| Derivatives | $4,340 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $24,319 |
| Total interest expense | $5,298 |
| Net interest income | $19,021 |
| Provision for loan and lease losses | $3,390 |
| Total noninterest income | $841 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $678 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $163 |
| Total noninterest expense | $18,686 |
| Salaries and employee benefits | $9,310 |
| Premises and equipment expense | $2,576 |
| Additional noninterest expense | $6,800 |
| Pre-tax net operating income | -$2,214 |
| Securities gains (losses) | $1,022 |
| Applicable income taxes | -$664 |
| Income before extraordinary items | -$528 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$528 |
| Net charge-offs | $0 |
| Cash dividends | -$528 |
| Sale, conversion, retirement of capital stock, net | $4,315 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.55% |
| Cost of funding earning assets | 0.99% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | 0.16% |
| Noninterest expense to earning assets | 3.49% |
| Net operating income to assets | -0.20% |
| Return on assets (ROA) | -0.09% |
| Pretax return on assets | -0.20% |
| Return on equity (ROE) | -1.38% |
| Retained earnings to average equity (YTD only) | -1.38% |
| Net charge-offs to loans | 1.07% |
| Credit loss provision to net charge-offs | 78.56% |
| Efficiency ratio | 0.27% |
| Assets per employee | $94,079 |
| Cash dividends to net income (YTD only) | 4.12% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.20% |
| Noncurrent assets plus other real estate owned to assets | 58.93% |
| Noncurrent loans to loans | 4.93% |
| Net loans and leases to deposits | 5.43% |
| Net loans and leases to core deposits | 71.62% |
| Equity capital to assets | 73.43% |
| Core capital (leverage) ratio | 7.25% |
| Tier 1 risk-based capital ratio | 6.46% |
| Total risk-based capital ratio | 8.71% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $586,600 |
| Average equity | $38,255 |
| Average loans | $535,026 |
| 13 Delaware Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11166 | Artisans' Bank | 2961 Centerville Road, Wilmington, DE 19808 | Febuary 28, 1861 | Full Service Brick and Mortar |  |
| 1 | 240604 | Graylyn Branch | 1706 Marsh Road, Wilmington, DE 19810 | July 07, 1959 | Full Service Brick and Mortar |  |
| 2 | 240605 | Dover Branch | 1555 South Governors Avenue, Dover, DE 19904 | December 01, 1965 | Full Service Brick and Mortar | |
| 3 | 240606 | Midway Branch | 4901 Kirkwood Highway, Wilmington, DE 19808 | March 01, 1961 | Full Service Brick and Mortar | |
| 6 | 240609 | Talleyville Branch | 3631 Silverside Road, Wilmington, DE 19810 | July 10, 1989 | Full Service Brick and Mortar | |
| 7 | 240610 | Pike Creek Branch | 4551 Linden Hill Road, Wilmington, DE 19808 | April 17, 1995 | Full Service Brick and Mortar | |
| 8 | 240611 | Bear Branch | 1124 Pulaski Highway, Bear, DE 19701 | July 19, 1999 | Full Service Brick and Mortar | |
| 9 | 419486 | Glasgow Branch | 2424 Pulaski Highway, Newark, DE 19702 | December 01, 2002 | Full Service Brick and Mortar | |
| 10 | 429366 | Rehoboth Branch | 19358 Miller Road, Rehoboth Beach, DE 19971 | April 05, 2004 | Full Service Brick and Mortar | |
| 11 | 441637 | Milford Branch | 100 Aereson Drive, Milford, DE 19963 | September 13, 2004 | Full Service Brick and Mortar | |
| 12 | 470819 | Little Falls Branch | 2961 Centerville Road, Wilmington, DE 19808 | September 19, 2007 | Full Service Brick and Mortar | |
| 13 | 472083 | W. Ninth Street Branch | 223 W. Ninth Street, Wilmington, DE 19801 | January 14, 2008 | Full Service Brick and Mortar | |
| 14 | 476975 | Millville Branch | 35696 Atlantic Avenue, Millville, DE 19967 | April 28, 2008 | Full Service Brick and Mortar | |
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