Bank of New Castle in New Castle, Delaware (DE)



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Bank of New Castle
GeneralFDIC Certificate #: 27575
Status: Active
Federal Reserve ID: 1404940
Bank Holding Company (Regulatory Top Holder): Discover Financial Services (RSSDID: 3846375, Location: Riverwoods, IL)
Date Established: August 18, 1989
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 40360
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: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: August 18, 1989
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 12 Read's Way, New Castle, DE 19720
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $16.0 mil
Equity capital: $15.5 mil
Deposits held in domestic offices: $0.5 mil
Return on assets (ROA): 0.07% ($0.0 mil)
Quarterly return on assets: 0.12% ($0.0 mil)
Return on Equity (ROE): 0.08% ($0.0 mil)
Quarterly return on equity: 0.13% ($0.0 mil)
Net income: $0.0 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.11% ($17.6 mil)
Quarterly Pretax return on assets: 0.12% ($19.2 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)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$16,039
Cash and due from depository institutions$357
Interest-bearing balances$0
Securities$145
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$15,526
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$0
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$11
Life insurance assets$16,039
Total liabilities and capital$509
Total liabilities$500
Total deposits$500
Interest-bearing deposits$500
Deposits held in domestic offices$50
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $9
All other liabilities $15,530
Total equity capital$15,530
Total bank equity capital$15,530
Perpetual preferred stock$0
Common stock$500
Surplus$9,251
Undivided profits $5,779
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $9
Average Assets, year-to-date $15,671
Average Assets, quarterly $145
Volatile liabilities $16,034
Insider loans $16,038
FHLB advances $3,324
Loans and leases held for sale $16,041
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,530
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $63
Total interest expense $1
Net interest income $62
Provision for loan and lease losses $0
Total noninterest income $0
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $45
Salaries and employee benefits $0
Premises and equipment expense $0
Additional noninterest expense $45
Pre-tax net operating income $17
Securities gains (losses) $0
Applicable income taxes $5
Income before extraordinary items $12
Extraordinary gains - net $0
Net income attributable to bank $12
Net charge-offs $0
Cash dividends $12
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.40%
Cost of funding earning assets 0.01%
Net interest margin 0.40%
Noninterest income to earning assets 0.00%
Noninterest expense to earning assets 0.29%
Net operating income to assets 0.07%
Return on assets (ROA) 0.07%
Pretax return on assets 0.11%
Return on equity (ROE) 0.08%
Retained earnings to average equity (YTD only) 0.08%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$72,581
Cash dividends to net income (YTD only)0.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
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 deposits0.00%
Net loans and leases to core deposits 3105.20%
Equity capital to assets 0.00%
Core capital (leverage) ratio 96.83%
Tier 1 risk-based capital ratio 96.81%
Total risk-based capital ratio 467.21%
Memoranda
Average assets$467
Average earning assets$16,034
Average equity $15,524
Average loans $15,647
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1 Delaware Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
040360Bank Of New Castle12 Read's Way, New Castle, DE 19720August 18, 1989Full Service Brick and Mortar
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