Citibank (Delaware) in New Castle, Delaware (DE)

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Citibank (Delaware)
GeneralFDIC Certificate #: 24029
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citibank, National Association (#7213)
Federal Reserve ID: 490115
Date Established: October 06, 1982
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 16752
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: October 06, 1982
Last Structure Change Effective Date: October 01, 2006
Last Structure Change Process Date: November 09, 2006
Last Data Update: November 09, 2006
Data Source Date: April 05, 2012
LocationAddress: One Penn'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)
Financial SummaryTotal assets: $4,628.9 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,097
Total assets$4,490,917
Cash and due from depository institutions$2,567,124
Interest-bearing balances$1,418,473
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,286,172
Loan loss allowance $15,119
Trading account assets$0
Bank premises and fixed assets$38,217
Other real estate owned$0
Goodwill and other intangibles$1,364
All other assets$280,452
Life insurance assets$0
Total liabilities and capital$4,490,917
Total liabilities$3,548,128
Total deposits$1,987,042
Interest-bearing deposits$695,661
Deposits held in domestic offices$1,987,042
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $20,000
Trading liabilities$0
Other borrowed funds $1,169,230
Subordinated debt $0
All other liabilities $371,856
Total equity capital$942,789
Total bank equity capital$942,789
Perpetual preferred stock$942,789
Common stock$0
Undivided profits $196,771
Noncurrent loans and leases $721,018
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $191,772
Income earned, not collected on loans $0
Earning assets $4,635
Long-term assets (5+ years) $0
Average Assets, year-to-date $572
Average Assets, quarterly $3,022,233
Volatile liabilities $222,881
Insider loans $5,384,448
FHLB advances $4,922,528
Loans and leases held for sale $1,132,827
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $191,772
Restructured Loans and leases $0
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $129,791
Total interest expense $58,135
Net interest income $71,656
Provision for loan and lease losses $5,963
Total noninterest income $353,793
Fiduciary activities $0
Service charges on deposit accounts $9,374
Trading account gains & fees $0
Additional noninterest income $344,419
Total noninterest expense $261,477
Salaries and employee benefits $89,296
Premises and equipment expense $14,087
Additional noninterest expense $158,094
Pre-tax net operating income $158,009
Securities gains (losses) $0
Applicable income taxes $58,863
Income before extraordinary items $99,146
Extraordinary gains - net $8,988
Net income attributable to bank $108,134
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$120
Net operating income $1,000,000
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.62%
Cost of funding earning assets 1.62%
Net interest margin 2.00%
Noninterest income to earning assets 9.87%
Noninterest expense to earning assets 7.30%
Net operating income to assets 1.84%
Return on assets (ROA) 2.01%
Pretax return on assets 3.10%
Return on equity (ROE) 6.91%
Retained earnings to average equity (YTD only) -57.01%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -4969.17%
Efficiency ratio0.00%
Assets per employee$61,459
Cash dividends to net income (YTD only)4.09%
Condition Ratios (%)
Loss allowance to loans 924.78%
Loss allowance to noncurrent loans 1.16%
Noncurrent assets plus other real estate owned to assets 326.19%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 64.73%
Equity capital to assets 64.73%
Core capital (leverage) ratio 20.99%
Tier 1 risk-based capital ratio 20.26%
Total risk-based capital ratio 40.87%
Average assets$42
Average earning assets$5,384,448
Average equity $1,564,520
Average loans $3,582,853
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