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

This bank is inactive as of October 19, 1998

  • CoreStates Bank of Delaware, National Association in Wilmington, Delaware (DE)
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CoreStates Bank of Delaware, National Association - Overview

  • General
  • FDIC Certificate #: 23832
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union Bank of Delaware (#27382)
    Federal Reserve ID: 559115
    Date Established: June 01, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 16656
    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: June 01, 1982
    Last Structure Change Effective Date: October 19, 1998
    Last Structure Change Process Date: Febuary 05, 1999
    Last Data Update: Febuary 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 Beaver Valley Road, Wilmington, DE 19803
    County: New Castle
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    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: $605.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 451Total employees (full-time equivalent)
  • $2,103,326Total assets
  • $68,679Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,530Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,905,501Net loans & leases
  • $77,554Loan loss allowance
  • $0Trading account assets
  • $35,015Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $92,601All other assets
  • $2,103,326Total liabilities and capital
  • $2,015,479Total liabilities
  • $70,063Total deposits
  • $2,200Interest-bearing deposits
  • $70,063Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $405,700Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,375,000Other borrowed funds
  • $94,700Subordinated debt
  • $70,016All other liabilities
  • $87,847Total equity capital
  • $87,847Total bank equity capital
  • $87,847Perpetual preferred stock
  • $0Common stock
  • $36,000Surplus
  • $15,000Undivided profits
  • Memoranda
  • $36,847Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,032Earning assets
  • $71Long-term assets (5+ years)
  • $20,688Average Assets, year-to-date
  • $1,907,031Average Assets, quarterly
  • $4,006Volatile liabilities
  • $2,114,504Insider loans
  • $2,117,491FHLB advances
  • $1,782,900Loans and leases held for sale
  • $122Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $696,285Total risk weighted assets
  • $4,628,525Total unused commitments
  • $0Restructured Loans and leases
  • $1,780,107Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $283,025Total interest income
  • $108,850Total interest expense
  • $174,175Net interest income
  • $192,696Provision for loan and lease losses
  • $57,485Total noninterest income
  • $1,443Fiduciary activities
  • $39Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56,003Additional noninterest income
  • $86,318Total noninterest expense
  • $19,990Salaries and employee benefits
  • $5,955Premises and equipment expense
  • $60,373Additional noninterest expense
  • -$47,354Pre-tax net operating income
  • $0Securities gains (losses)
  • -$16,573Applicable income taxes
  • -$30,781Income before extraordinary items
  • $0Extraordinary gains - net
  • -$30,781Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $211,719Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 14.39%Yield on earning assets
  • 5.54%Cost of funding earning assets
  • 8.86%Net interest margin
  • 2.92%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • -1.46%Net operating income to assets
  • -1.46%Return on assets (ROA)
  • -2.24%Pretax return on assets
  • -27.46%Return on equity (ROE)
  • -27.46%Retained earnings to average equity (YTD only)
  • 10.26%Net charge-offs to loans
  • 91.01%Credit loss provision to net charge-offs
  • 0.69%Efficiency ratio
  • 37,136Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.91%Loss allowance to noncurrent loans
  • 336.72%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 2719.70%Net loans and leases to core deposits
  • 2807.86%Equity capital to assets
  • 4.18%Core capital (leverage) ratio
  • 4.11%Tier 1 risk-based capital ratio
  • 4.93%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $2,114,504Average earning assets
  • $112,107Average equity
  • $1,966,376Average loans

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