FDIC Certificate #: 33875 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wilmington Savings Fund Society, FSB (#17838) Federal Reserve ID: 2158389 Date Established: Febuary 14, 1994 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15659 FDIC's unique #: 48183 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 14, 1994 Last Structure Change Effective Date: December 04, 2010 Last Structure Change Process Date: January 03, 2011 Last Data Update: January 03, 2011 Data Source Date: April 05, 2012
Location
Address: 3801 Kennett Pike, Suite C-200, Greenville, DE 19807 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: $199.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
48Total employees (full-time equivalent)
$276,662Total assets
$111,648Cash and due from depository institutions
$110,830Interest-bearing balances
$3,223Securities
$0Federal funds sold & reverse repurchase agreements
$126,055Net loans & leases
$3,334Loan loss allowance
$0Trading account assets
$2,410Bank premises and fixed assets
$257Other real estate owned
$25,275Goodwill and other intangibles
$3,149Life insurance assets
$7,794All other assets
$276,663Total liabilities and capital
$233,546Total liabilities
$230,746Total deposits
$209,315Interest-bearing deposits
$230,746Deposits held in domestic offices
89.95%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,800All other liabilities
$43,117Total equity capital
$43,117Total bank equity capital
$43,117Perpetual preferred stock
$0Common stock
$500Surplus
$63,227Undivided profits
Memoranda
$-20,610Noncurrent loans and leases
$16,410Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,190Earning assets
$0Long-term assets (5+ years)
$412Average Assets, year-to-date
$240,108Average Assets, quarterly
$6,195Volatile liabilities
$268,025Insider loans
$276,672FHLB advances
$41,958Loans and leases held for sale
$3,490Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,410Total unused commitments
$0Restructured Loans and leases
$1,590Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,658Total interest income
$1,562Total interest expense
$6,096Net interest income
$5,215Provision for loan and lease losses
$6,511Total noninterest income
$6,200Fiduciary activities
$91Service charges on deposit accounts
$0Trading account gains & fees
$220Additional noninterest income
$29,964Total noninterest expense
$5,014Salaries and employee benefits
$776Premises and equipment expense
$24,174Additional noninterest expense
-$22,572Pre-tax net operating income
$0Securities gains (losses)
-$548Applicable income taxes
-$22,024Income before extraordinary items
$0Extraordinary gains - net
-$22,024Net income attributable to bank
$0Net charge-offs
-$22,024Cash dividends
$4,512Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.62%Yield on earning assets
0.74%Cost of funding earning assets
2.88%Net interest margin
3.08%Noninterest income to earning assets
14.16%Noninterest expense to earning assets
-8.22%Net operating income to assets
-8.22%Return on assets (ROA)
-8.42%Pretax return on assets
-36.40%Return on equity (ROE)
-36.40%Retained earnings to average equity (YTD only)
3.20%Net charge-offs to loans
115.58%Credit loss provision to net charge-offs
-3.85%Efficiency ratio
69,200Assets per employee
5.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.58%Loss allowance to noncurrent loans
152.24%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.69%Net loans and leases to deposits
54.63%Net loans and leases to core deposits
66.77%Equity capital to assets
15.58%Core capital (leverage) ratio
7.13%Tier 1 risk-based capital ratio
14.24%Total risk-based capital ratio
Memoranda
$16Average assets
$268,025Average earning assets
$60,506Average equity
$211,596Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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