FDIC Certificate #: 33560 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:HSBC Bank Nevada, National Association (#33863) Federal Reserve ID: 1928594 Date Established: Febuary 21, 1992 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 #: 47442 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 21, 1992 Last Structure Change Effective Date: July 01, 2002 Last Structure Change Process Date: August 20, 2002 Last Data Update: August 20, 2002 Data Source Date: April 05, 2012
Location
Address: 90 Christiana Road, 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)
Financial Summary
Total assets: $76.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
7Total employees (full-time equivalent)
$83,263Total assets
$206Cash and due from depository institutions
$0Interest-bearing balances
$1,585Securities
$60,000Federal funds sold & reverse repurchase agreements
$16,663Net loans & leases
$2,294Loan loss allowance
$0Trading account assets
$62Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,747All other assets
$83,263Total liabilities and capital
$22,840Total liabilities
$17Total deposits
$0Interest-bearing deposits
$17Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,526Other borrowed funds
$0Subordinated debt
$11,297All other liabilities
$60,423Total equity capital
$60,423Total bank equity capital
$60,423Perpetual preferred stock
$0Common stock
$200Surplus
$41,595Undivided profits
Memoranda
$18,628Noncurrent loans and leases
$61,857Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$148Average Assets, year-to-date
$78,248Average Assets, quarterly
$1,585Volatile liabilities
$79,921Insider loans
$87,695FHLB advances
$11,526Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$61,857Total unused commitments
$0Restructured Loans and leases
$434Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$7,637Total interest income
$355Total interest expense
$7,282Net interest income
$2,017Provision for loan and lease losses
$124Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$124Additional noninterest income
$1,820Total noninterest expense
$258Salaries and employee benefits
$182Premises and equipment expense
$1,380Additional noninterest expense
$3,569Pre-tax net operating income
$0Securities gains (losses)
$1,336Applicable income taxes
$2,233Income before extraordinary items
$0Extraordinary gains - net
$2,233Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,286Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.31%Yield on earning assets
0.48%Cost of funding earning assets
9.83%Net interest margin
0.17%Noninterest income to earning assets
2.46%Noninterest expense to earning assets
2.79%Net operating income to assets
2.79%Return on assets (ROA)
4.47%Pretax return on assets
3.72%Return on equity (ROE)
3.72%Retained earnings to average equity (YTD only)
10.19%Net charge-offs to loans
61.38%Credit loss provision to net charge-offs
1.70%Efficiency ratio
24,575Assets per employee
11.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
12.10%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 deposits
98017.65%Net loans and leases to core deposits
98017.65%Equity capital to assets
72.57%Core capital (leverage) ratio
70.19%Tier 1 risk-based capital ratio
183.75%Total risk-based capital ratio
Memoranda
$185Average assets
$79,921Average earning assets
$60,094Average equity
$74,091Average loans
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