Commerce Bank/Delaware, National Association in Wilmington, Delaware (DE)

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Commerce Bank/Delaware, National Association
GeneralFDIC Certificate #: 34877
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commerce Bank, National Association (#21140)
Federal Reserve ID: 2699109
Date Established: December 18, 1999
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Interstate: No)
FDIC's unique #: 61939
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: December 18, 1999
Last Structure Change Effective Date: May 01, 2005
Last Structure Change Process Date: May 16, 2005
Last Data Update: May 16, 2005
Data Source Date: April 05, 2012
LocationAddress: 2502 Marsh Road, Wilmington, DE 19810
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: $403.1 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)146
Total assets$381,363
Cash and due from depository institutions$26,197
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$119,667
Loan loss allowance $1,535
Trading account assets$0
Bank premises and fixed assets$24,639
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,039
Life insurance assets$0
Total liabilities and capital$381,363
Total liabilities$358,358
Total deposits$357,238
Interest-bearing deposits$329,935
Deposits held in domestic offices$357,238
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,120
Total equity capital$23,005
Total bank equity capital$23,005
Perpetual preferred stock$23,005
Common stock$0
Undivided profits $16,920
Noncurrent loans and leases $2,085
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $55,263
Income earned, not collected on loans $0
Earning assets $71
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,429
Average Assets, quarterly $327,488
Volatile liabilities $216,020
Insider loans $373,036
FHLB advances $439,373
Loans and leases held for sale $36,256
Unused loan commitments $1,588
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $55,263
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $14,916
Total interest expense $2,227
Net interest income $12,689
Provision for loan and lease losses $400
Total noninterest income $4,863
Fiduciary activities $0
Service charges on deposit accounts $4,491
Trading account gains & fees $0
Additional noninterest income $372
Total noninterest expense $10,811
Salaries and employee benefits $3,904
Premises and equipment expense $2,855
Additional noninterest expense $4,052
Pre-tax net operating income $6,341
Securities gains (losses) $0
Applicable income taxes $2,345
Income before extraordinary items $3,996
Extraordinary gains - net $0
Net income attributable to bank $3,996
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $66
Net operating income $0
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 0.69%
Net interest margin 3.92%
Noninterest income to earning assets 1.50%
Noninterest expense to earning assets 3.34%
Net operating income to assets 1.07%
Return on assets (ROA) 1.07%
Pretax return on assets 1.70%
Return on equity (ROE) 18.90%
Retained earnings to average equity (YTD only) 18.90%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 606.06%
Efficiency ratio102.14%
Assets per employee$61,594
Cash dividends to net income (YTD only)2.61%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 2161.97%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 33.50%
Equity capital to assets 37.28%
Core capital (leverage) ratio 6.03%
Tier 1 risk-based capital ratio 6.04%
Total risk-based capital ratio 11.84%
Average assets$13
Average earning assets$373,036
Average equity $21,148
Average loans $323,294
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Total Fiduciary and Related Assets (December 31, 2004)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$3,008
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$3,008
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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