Citizens Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2007

  • Citizens Bank in Wilmington, Delaware (DE)
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Citizens Bank - Overview

  • General
  • FDIC Certificate #: 57281
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBS Citizens, National Association (#57957)
    Federal Reserve ID: 3041983
    Date Established: December 01, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 27 (Interstate: No)
    FDIC's unique #: 360601
    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: December 01, 2001
    Last Structure Change Effective Date: September 01, 2007
    Last Structure Change Process Date: September 19, 2007
    Last Data Update: September 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 919 North Market Street, Suite 200, Wilmington, DE 19801
    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: $1,581.6 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, 2006)

  • Dollar figures in thousands
  • 192Total employees (full-time equivalent)
  • $1,697,582Total assets
  • $45,410Cash and due from depository institutions
  • $943Interest-bearing balances
  • $380,312Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,164,712Net loans & leases
  • $7,648Loan loss allowance
  • $2,690Trading account assets
  • $12,771Bank premises and fixed assets
  • $500Other real estate owned
  • $74,207Goodwill and other intangibles
  • $0Life insurance assets
  • $16,980All other assets
  • $1,697,582Total liabilities and capital
  • $1,529,104Total liabilities
  • $1,164,913Total deposits
  • $1,089,810Interest-bearing deposits
  • $1,164,913Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $355,287Federal funds purchased & repurchase agreements
  • $1,662Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $7,242All other liabilities
  • $168,478Total equity capital
  • $168,478Total bank equity capital
  • $168,478Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $124,500Undivided profits
  • Memoranda
  • $43,478Noncurrent loans and leases
  • $377,314Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $966Earning assets
  • $499Long-term assets (5+ years)
  • $10,907Average Assets, year-to-date
  • $1,545,967Average Assets, quarterly
  • $921,969Volatile liabilities
  • $1,626,243Insider loans
  • $1,683,341FHLB advances
  • $549,910Loans and leases held for sale
  • $22,153Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $207,905Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $377,314Total unused commitments
  • $0Restructured Loans and leases
  • $8,101Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $86,356Total interest income
  • $45,305Total interest expense
  • $41,051Net interest income
  • $221Provision for loan and lease losses
  • $18,511Total noninterest income
  • $0Fiduciary activities
  • $8,629Service charges on deposit accounts
  • $506Trading account gains & fees
  • $9,376Additional noninterest income
  • $35,126Total noninterest expense
  • $15,814Salaries and employee benefits
  • $8,612Premises and equipment expense
  • $10,700Additional noninterest expense
  • $24,215Pre-tax net operating income
  • $125Securities gains (losses)
  • $9,575Applicable income taxes
  • $14,765Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,765Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $996Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.94%Yield on earning assets
  • 3.12%Cost of funding earning assets
  • 2.82%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 9.25%Return on equity (ROE)
  • 9.25%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 22.19%Credit loss provision to net charge-offs
  • 24.53%Efficiency ratio
  • 55,576Assets per employee
  • 8.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.65%Loss allowance to noncurrent loans
  • 791.72%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 99.98%Net loans and leases to core deposits
  • 119.83%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 6.18%Tier 1 risk-based capital ratio
  • 9.89%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,626,243Average earning assets
  • $159,619Average equity
  • $1,453,974Average loans

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