Associates National Bank (Delaware) in Wilmington, Delaware (DE)



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Associates National Bank (Delaware)
GeneralFDIC Certificate #: 33367
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citibank (South Dakota), N.A. (#23360)
Federal Reserve ID: 1833063
Date Established: April 05, 1991
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 #: 46946
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: April 05, 1991
Last Structure Change Effective Date: January 07, 2002
Last Structure Change Process Date: January 29, 2002
Last Data Update: January 29, 2002
Data Source Date: April 05, 2012
LocationAddress: 4550 New Linden Hill 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 SummaryTotal assets: $287.9 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)563
Total assets$287,913
Cash and due from depository institutions$65,006
Interest-bearing balances$796
Securities$0
Federal funds sold & reverse repurchase agreements$84,600
Net loans & leases$66,869
Loan loss allowance $5,227
Trading account assets$0
Bank premises and fixed assets$0
Other real estate owned$0
Goodwill and other intangibles$3,383
All other assets$68,055
Life insurance assets$0
Total liabilities and capital$287,913
Total liabilities$203,427
Total deposits$60,093
Interest-bearing deposits$53,899
Deposits held in domestic offices$60,093
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $143,334
Total equity capital$84,486
Total bank equity capital$84,486
Perpetual preferred stock$84,486
Common stock$0
Surplus$18,000
Undivided profits $15,188
Memoranda
Noncurrent loans and leases $51,298
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $315,971
Income earned, not collected on loans $0
Earning assets $4,117
Long-term assets (5+ years) $0
Average Assets, year-to-date $0
Average Assets, quarterly $152,265
Volatile liabilities $0
Insider loans $385,864
FHLB advances $357,247
Loans and leases held for sale $53,899
Unused loan commitments $6
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $315,971
Restructured Loans and leases $0
Derivatives$2,142
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $29,843
Total interest expense $6,969
Net interest income $22,874
Provision for loan and lease losses $7,092
Total noninterest income $107,861
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $107,861
Total noninterest expense $102,002
Salaries and employee benefits $6,820
Premises and equipment expense $1,205
Additional noninterest expense $93,977
Pre-tax net operating income $21,641
Securities gains (losses) $0
Applicable income taxes $8,092
Income before extraordinary items $13,549
Extraordinary gains - net $0
Net income attributable to bank $13,549
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $6,892
Net operating income $5,167
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets10.70%
Cost of funding earning assets 2.50%
Net interest margin 8.21%
Noninterest income to earning assets 38.69%
Noninterest expense to earning assets 36.59%
Net operating income to assets 3.51%
Return on assets (ROA) 3.51%
Pretax return on assets 5.61%
Return on equity (ROE) 17.07%
Retained earnings to average equity (YTD only) 10.56%
Net charge-offs to loans 9.31%
Credit loss provision to net charge-offs 102.90%
Efficiency ratio4.17%
Assets per employee$77,584
Cash dividends to net income (YTD only)0.51%
Condition Ratios (%)
Loss allowance to loans 38.14%
Loss allowance to noncurrent loans 7.25%
Noncurrent assets plus other real estate owned to assets 126.96%
Noncurrent loans to loans 1.43%
Net loans and leases to deposits5.71%
Net loans and leases to core deposits 111.28%
Equity capital to assets 1079.58%
Core capital (leverage) ratio 29.34%
Tier 1 risk-based capital ratio 31.55%
Total risk-based capital ratio 49.56%
Memoranda
Average assets$51
Average earning assets$385,864
Average equity $79,393
Average loans $278,780
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