Delaware Trust Company in Wilmington, Delaware (DE)



Show street view No street view available for this location
Table of contents:
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
Securities$10,100
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
Surplus$2,299
Undivided profits $29,107
Memoranda
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
Derivatives$310,057
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$16
Average earning assets$1,421,380
Average equity $149,215
Average loans $1,302,188
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Delaware Trust Company.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.