Delaware Trust Company in Wilmington, Delaware (DE)

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Delaware Trust Company
GeneralFDIC Certificate #: 11281
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Corestates Bank, National Association (#719)
Federal Reserve ID: 551810
Date Established: April 27, 1899
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 31 (Interstate: No)
FDIC's unique #: 7197
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 29, 1996
Last Structure Change Process Date: September 18, 1996
Last Data Update: September 18, 1996
Data Source Date: April 05, 2012
LocationAddress: 900 Market Street, Wilmington, DE 19899
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 SummaryTotal assets: $1,389.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$348
Cash and due from depository institutions$1,413,287
Interest-bearing balances$77,118
Federal funds sold & reverse repurchase agreements$336,652
Net loans & leases$0
Loan loss allowance $932,151
Trading account assets$19,236
Bank premises and fixed assets$0
Other real estate owned$14,282
Goodwill and other intangibles$126
All other assets$0
Life insurance assets$52,958
Total liabilities and capital$0
Total liabilities$1,413,287
Total deposits$1,256,976
Interest-bearing deposits$1,143,589
Deposits held in domestic offices$923,857
% insured (estimated)1143589.00%
Federal funds purchased & repurchase agreements $85
Trading liabilities$92,332
Other borrowed funds $0
Subordinated debt $5,047
All other liabilities $0
Total equity capital$16,008
Total bank equity capital$16,008
Perpetual preferred stock$156,311
Common stock$0
Undivided profits $29,107
Noncurrent loans and leases $124,905
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,423
Earning assets $6,362
Long-term assets (5+ years) $1,278,903
Average Assets, year-to-date $371,904
Average Assets, quarterly $1,421,380
Volatile liabilities $1,405,522
Insider loans $172,728
FHLB advances $37,582
Loans and leases held for sale $0
Unused loan commitments $4,216
Tier 1 (core) risk-based capital $306,048
Tier 2 risk-based capital $0
Total risk weighted assets $155,235
Total unused commitments $1,048,441
Restructured Loans and leases $0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $109,230
Net interest income $48,735
Provision for loan and lease losses $60,495
Total noninterest income $2,100
Fiduciary activities $27,204
Service charges on deposit accounts $11,567
Trading account gains & fees $8,154
Additional noninterest income $0
Total noninterest expense $7,483
Salaries and employee benefits $50,710
Premises and equipment expense $15,224
Additional noninterest expense $4,339
Pre-tax net operating income $31,147
Securities gains (losses) $34,889
Applicable income taxes $269
Income before extraordinary items $12,820
Extraordinary gains - net $22,338
Net income attributable to bank $0
Net charge-offs $22,338
Cash dividends $3,829
Sale, conversion, retirement of capital stock, net $10,780
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.39%
Net interest margin 3.74%
Noninterest income to earning assets 4.65%
Noninterest expense to earning assets 2.09%
Net operating income to assets 3.89%
Return on assets (ROA) 1.56%
Pretax return on assets 1.57%
Return on equity (ROE) 2.47%
Retained earnings to average equity (YTD only) 14.97%
Net charge-offs to loans 7.75%
Credit loss provision to net charge-offs 0.40%
Efficiency ratio54.84%
Assets per employee$57,823
Cash dividends to net income (YTD only)4.06%
Condition Ratios (%)
Loss allowance to loans 48.26%
Loss allowance to noncurrent loans 2.02%
Noncurrent assets plus other real estate owned to assets 434.91%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.46%
Net loans and leases to core deposits 81.51%
Equity capital to assets 87.26%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 11.19%
Total risk-based capital ratio 14.81%
Average assets$16
Average earning assets$1,421,380
Average equity $149,215
Average loans $1,302,188
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