Commerce Bank/Delaware, National Association in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2005

  • Commerce Bank/Delaware, National Association in Wilmington, Delaware (DE)
  • Show street view No street view available for this location

Commerce Bank/Delaware, National Association - Overview

  • General
  • FDIC 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
    WWW: http://www.commerceonline.com
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 146Total employees (full-time equivalent)
  • $381,363Total assets
  • $26,197Cash and due from depository institutions
  • $0Interest-bearing balances
  • $207,821Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,667Net loans & leases
  • $1,535Loan loss allowance
  • $0Trading account assets
  • $24,639Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,039All other assets
  • $381,363Total liabilities and capital
  • $358,358Total liabilities
  • $357,238Total deposits
  • $329,935Interest-bearing deposits
  • $357,238Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,120All other liabilities
  • $23,005Total equity capital
  • $23,005Total bank equity capital
  • $23,005Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $16,920Undivided profits
  • Memoranda
  • $2,085Noncurrent loans and leases
  • $55,263Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $71Earning assets
  • $0Long-term assets (5+ years)
  • $1,429Average Assets, year-to-date
  • $327,488Average Assets, quarterly
  • $216,020Volatile liabilities
  • $373,036Insider loans
  • $439,373FHLB advances
  • $36,256Loans and leases held for sale
  • $1,588Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $55,263Total unused commitments
  • $0Restructured Loans and leases
  • $1,535Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $14,916Total interest income
  • $2,227Total interest expense
  • $12,689Net interest income
  • $400Provision for loan and lease losses
  • $4,863Total noninterest income
  • $0Fiduciary activities
  • $4,491Service charges on deposit accounts
  • $0Trading account gains & fees
  • $372Additional noninterest income
  • $10,811Total noninterest expense
  • $3,904Salaries and employee benefits
  • $2,855Premises and equipment expense
  • $4,052Additional noninterest expense
  • $6,341Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,345Applicable income taxes
  • $3,996Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,996Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.50%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 18.90%Return on equity (ROE)
  • 18.90%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 606.06%Credit loss provision to net charge-offs
  • 102.14%Efficiency ratio
  • 61,594Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 2161.97%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 33.50%Net loans and leases to core deposits
  • 37.28%Equity capital to assets
  • 6.03%Core capital (leverage) ratio
  • 6.04%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $373,036Average earning assets
  • $21,148Average equity
  • $323,294Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,008Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,008Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Commerce Bank/Delaware, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents