Delaware National Bank in Georgetown, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 2010

  • Delaware National Bank in Georgetown, Delaware (DE)
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Delaware National Bank - Overview

  • General
  • FDIC Certificate #: 22837
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank, National Association (#7551)
    Federal Reserve ID: 26916
    Date Established: April 05, 1979
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    OTS Docket #: 11954
    FDIC's unique #: 15953
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 05, 1979
    Last Structure Change Effective Date: December 03, 2010
    Last Structure Change Process Date: December 30, 2010
    Last Data Update: December 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 21035 Dupont Blvd, Georgetown, DE 19947
    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: $472.0 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, 2009)

  • Dollar figures in thousands
  • 97Total employees (full-time equivalent)
  • $486,231Total assets
  • $4,067Cash and due from depository institutions
  • $476Interest-bearing balances
  • $115,130Securities
  • $12,274Federal funds sold & reverse repurchase agreements
  • $328,953Net loans & leases
  • $8,960Loan loss allowance
  • $0Trading account assets
  • $6,563Bank premises and fixed assets
  • $698Other real estate owned
  • $7,886Goodwill and other intangibles
  • $0Life insurance assets
  • $10,660All other assets
  • $486,231Total liabilities and capital
  • $444,301Total liabilities
  • $350,844Total deposits
  • $291,078Interest-bearing deposits
  • $350,844Deposits held in domestic offices
  • 86.48%% insured (estimated)
  • $5,088Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $86,019Other borrowed funds
  • $0Subordinated debt
  • $2,350All other liabilities
  • $41,930Total equity capital
  • $41,930Total bank equity capital
  • $41,930Perpetual preferred stock
  • $0Common stock
  • $830Surplus
  • $21,947Undivided profits
  • Memoranda
  • $19,153Noncurrent loans and leases
  • $75,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,319Earning assets
  • $0Long-term assets (5+ years)
  • $1,769Average Assets, year-to-date
  • $456,833Average Assets, quarterly
  • $119,262Volatile liabilities
  • $494,925Insider loans
  • $498,452FHLB advances
  • $112,675Loans and leases held for sale
  • $9,870Unused loan commitments
  • $85,000Tier 1 (core) risk-based capital
  • $15,486Tier 2 risk-based capital
  • $2,618Total risk weighted assets
  • $75,290Total unused commitments
  • $0Restructured Loans and leases
  • $4,150Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $23,648Total interest income
  • $9,487Total interest expense
  • $14,161Net interest income
  • $5,900Provision for loan and lease losses
  • $5,401Total noninterest income
  • $0Fiduciary activities
  • $2,606Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,795Additional noninterest income
  • $13,163Total noninterest expense
  • $4,835Salaries and employee benefits
  • $1,287Premises and equipment expense
  • $7,041Additional noninterest expense
  • $499Pre-tax net operating income
  • $827Securities gains (losses)
  • $334Applicable income taxes
  • $992Income before extraordinary items
  • $0Extraordinary gains - net
  • $992Net income attributable to bank
  • $0Net charge-offs
  • $992Cash dividends
  • $2,637Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.08%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 2.42%Return on equity (ROE)
  • 1.32%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 223.74%Credit loss provision to net charge-offs
  • 2.43%Efficiency ratio
  • 65,801Assets per employee
  • 5.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.36%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 122.42%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 2.17%Net loans and leases to deposits
  • 93.76%Net loans and leases to core deposits
  • 117.79%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 10.65%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $494,925Average earning assets
  • $40,949Average equity
  • $459,850Average loans

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