County Bank in Rehoboth Beach, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • County Bank in Rehoboth Beach, Delaware (DE)
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County Bank - Overview

  • General
  • FDIC Certificate #: 33009
    Status: Active
    Federal Reserve ID: 1459735
    Bank Holding Company (Regulatory Top Holder): Cb Financial Corporation (RSSDID: 3246425, Location: Rehoboth Beach, DE)
    Date Established: July 09, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12668
    FDIC's unique #: 46190
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 09, 1990
    Last Structure Change Effective Date: Febuary 23, 2012
    Last Structure Change Process Date: Febuary 23, 2012
    Last Data Update: Febuary 23, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 19927 Shuttle Road, Rehoboth Beach, DE 19971
    County: Sussex
    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
    Core Based Statistical Area (CBSA): Seaford, DE (#42580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $333.1 mil
    Equity capital: $29.5 mil
    Deposits held in domestic offices: $294.9 mil
    Return on assets (ROA): -1.73% (-$5.8 mil)
    Quarterly return on assets: -6.53% (-$21.7 mil)
    Return on Equity (ROE): -18.26% (-$5.5 mil)
    Quarterly return on equity: -69.02% (-$20.7 mil)
    Net income: -$6.2 mil
    Quarterly Net income: -$5.6 mil
    Pretax return on assets: -1.88% (-$6,263.1 mil)
    Quarterly Pretax return on assets: -6.54% (-$21,787.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 93Total employees (full-time equivalent)
  • $333,144Total assets
  • $13,023Cash and due from depository institutions
  • $792Interest-bearing balances
  • $16,430Securities
  • $4,740Federal funds sold & reverse repurchase agreements
  • $265,982Net loans & leases
  • $6,752Loan loss allowance
  • $0Trading account assets
  • $5,801Bank premises and fixed assets
  • $4,535Other real estate owned
  • $0Goodwill and other intangibles
  • $333,144Life insurance assets
  • $22,633All other assets
  • $303,637Total liabilities and capital
  • $294,948Total liabilities
  • $259,467Total deposits
  • $294,948Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,689Subordinated debt
  • $29,507All other liabilities
  • $29,507Total equity capital
  • $29,507Total bank equity capital
  • $0Perpetual preferred stock
  • $2,366Common stock
  • $8,178Surplus
  • $18,963Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,843Income earned, not collected on loans
  • $0Earning assets
  • $1,292Long-term assets (5+ years)
  • $287,944Average Assets, year-to-date
  • $65,339Average Assets, quarterly
  • $358,347Volatile liabilities
  • $341,231Insider loans
  • $282,831FHLB advances
  • $340,503Loans and leases held for sale
  • $12,804Unused loan commitments
  • $10,893Tier 1 (core) risk-based capital
  • $25,883Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,911Total unused commitments
  • $14,000Restructured Loans and leases
  • $9,159Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,781Total interest income
  • $2,465Total interest expense
  • $13,316Net interest income
  • $9,462Provision for loan and lease losses
  • $1,870Total noninterest income
  • $0Fiduciary activities
  • $784Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,086Additional noninterest income
  • $12,472Total noninterest expense
  • $6,580Salaries and employee benefits
  • $1,150Premises and equipment expense
  • $4,742Additional noninterest expense
  • -$6,748Pre-tax net operating income
  • $0Securities gains (losses)
  • -$543Applicable income taxes
  • -$6,205Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,205Net income attributable to bank
  • $0Net charge-offs
  • -$6,205Cash dividends
  • $8,118Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • -1.73%Net operating income to assets
  • -1.73%Return on assets (ROA)
  • -1.88%Pretax return on assets
  • -18.26%Return on equity (ROE)
  • -18.26%Retained earnings to average equity (YTD only)
  • 2.78%Net charge-offs to loans
  • 116.56%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 82,128Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.48%Loss allowance to noncurrent loans
  • 52.57%Noncurrent assets plus other real estate owned to assets
  • 5.22%Noncurrent loans to loans
  • 4.71%Net loans and leases to deposits
  • 90.18%Net loans and leases to core deposits
  • 92.65%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 9.15%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $358,347Average earning assets
  • $33,989Average equity
  • $313,089Average loans

List of branches

  • 9 Delaware Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046190County Bank19927 Shuttle Road, Rehoboth Beach, DE 19971July 09, 1990Full Service Brick and Mortar
    1289163Long Neck Branch25933 School Lane, Millsboro, DE 19966July 15, 1991Full Service Brick and Mortar
    2289164Milford Branch100 E Masten Circle, Milford, DE 19963July 05, 1994Full Service Brick and Mortar
    3289165Seaford Branch632 West Stein Highway, Seaford, DE 19973March 03, 1997Full Service Brick and Mortar
    4289166Georgetown Branch13 North Bedford Street, Georgetown, DE 19947September 24, 1999Full Service Brick and Mortar
    5357115Millville Branch10 Old Mill Road, Millville, DE 19967July 23, 1999Full Service Brick and Mortar
    6357116Laurel Branch1122 South Central Avenue, Laurel, DE 19956January 25, 2000Full Service Brick and Mortar
    7365527Lewes Branch1609 Savannah Road, Lewes, DE 19958September 18, 2002Full Service Brick and Mortar
    8433415Milton Branch140 Broadhill Road, Milton, DE 19968December 09, 2004Full Service Brick and Mortar

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