FDIC Certificate #: 57896 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PNC Bank, Delaware (#679) Federal Reserve ID: 3293700 Date Established: January 03, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 429590 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 03, 2005 Last Structure Change Effective Date: August 09, 2008 Last Structure Change Process Date: September 03, 2008 Last Data Update: September 03, 2008 Data Source Date: April 05, 2012
Location
Address: 630 Churchmans Road - Suite 204, Christiana, DE 19702 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: $32.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
7Total employees (full-time equivalent)
$47,681Total assets
$5,094Cash and due from depository institutions
$304Interest-bearing balances
$1,000Securities
$25,535Federal funds sold & reverse repurchase agreements
$14,848Net loans & leases
$111Loan loss allowance
$0Trading account assets
$494Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$710All other assets
$47,681Total liabilities and capital
$44,265Total liabilities
$43,941Total deposits
$42,362Interest-bearing deposits
$43,941Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$324All other liabilities
$3,416Total equity capital
$3,416Total bank equity capital
$3,416Perpetual preferred stock
$0Common stock
$500Surplus
$5,200Undivided profits
Memoranda
$-2,284Noncurrent loans and leases
$2,705Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$92Average Assets, year-to-date
$41,687Average Assets, quarterly
$1,723Volatile liabilities
$46,505Insider loans
$49,531FHLB advances
$8,167Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,705Total unused commitments
$0Restructured Loans and leases
$113Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,832Total interest income
$2,191Total interest expense
$641Net interest income
$31Provision for loan and lease losses
$203Total noninterest income
$196Fiduciary activities
$2Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$2,168Total noninterest expense
$826Salaries and employee benefits
$326Premises and equipment expense
$1,016Additional noninterest expense
-$1,355Pre-tax net operating income
$0Securities gains (losses)
-$470Applicable income taxes
-$885Income before extraordinary items
$0Extraordinary gains - net
-$885Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.46%Yield on earning assets
5.00%Cost of funding earning assets
1.46%Net interest margin
0.46%Noninterest income to earning assets
4.94%Noninterest expense to earning assets
-1.90%Net operating income to assets
-1.90%Return on assets (ROA)
-2.91%Pretax return on assets
-22.95%Return on equity (ROE)
-22.95%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
256,872Assets per employee
6.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
33.79%Net loans and leases to core deposits
41.51%Equity capital to assets
7.16%Core capital (leverage) ratio
6.48%Tier 1 risk-based capital ratio
16.01%Total risk-based capital ratio
Memoranda
$17Average assets
$46,505Average earning assets
$3,856Average equity
$43,844Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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