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

This bank is inactive as of January 01, 1998

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

  • General
  • FDIC Certificate #: 33939
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CoreStates Bank of Delaware, National Association (#23832)
    Federal Reserve ID: 900173
    Date Established: October 03, 1994
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 55108
    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: October 03, 1994
    Last Structure Change Effective Date: January 01, 1998
    Last Structure Change Process Date: January 21, 1998
    Last Data Update: January 21, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3618 Concord Pike, Wilmington, DE 19803
    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: $6.9 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
  • 3Total employees (full-time equivalent)
  • $6,852Total assets
  • $511Cash and due from depository institutions
  • $0Interest-bearing balances
  • $74Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,500Net loans & leases
  • $30Loan loss allowance
  • $0Trading account assets
  • $343Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $424All other assets
  • $6,852Total liabilities and capital
  • $5,857Total liabilities
  • $149Total deposits
  • $100Interest-bearing deposits
  • $149Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,775Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $933All other liabilities
  • $995Total equity capital
  • $995Total bank equity capital
  • $995Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,963Undivided profits
  • Memoranda
  • $-1,468Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22Earning assets
  • $0Long-term assets (5+ years)
  • $107Average Assets, year-to-date
  • $5,574Average Assets, quarterly
  • $16Volatile liabilities
  • $5,289Insider loans
  • $6,370FHLB advances
  • $4,875Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,822Total risk weighted assets
  • $4,871Total unused commitments
  • $0Restructured Loans and leases
  • $6,473Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $398Total interest income
  • $188Total interest expense
  • $210Net interest income
  • $51Provision for loan and lease losses
  • $18Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18Additional noninterest income
  • $917Total noninterest expense
  • $216Salaries and employee benefits
  • $186Premises and equipment expense
  • $515Additional noninterest expense
  • -$740Pre-tax net operating income
  • $0Securities gains (losses)
  • -$259Applicable income taxes
  • -$481Income before extraordinary items
  • $0Extraordinary gains - net
  • -$481Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.38%Yield on earning assets
  • 4.90%Cost of funding earning assets
  • 5.48%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 23.91%Noninterest expense to earning assets
  • -9.09%Net operating income to assets
  • -9.09%Return on assets (ROA)
  • -13.99%Pretax return on assets
  • -38.93%Return on equity (ROE)
  • -38.93%Retained earnings to average equity (YTD only)
  • 1.92%Net charge-offs to loans
  • 69.86%Credit loss provision to net charge-offs
  • -9.44%Efficiency ratio
  • 402,193Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.54%Loss allowance to noncurrent loans
  • 136.36%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 3691.28%Net loans and leases to core deposits
  • 11224.49%Equity capital to assets
  • 14.52%Core capital (leverage) ratio
  • 15.37%Tier 1 risk-based capital ratio
  • 15.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $5,289Average earning assets
  • $1,236Average equity
  • $3,835Average loans

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