First Bank of Delaware in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of Delaware - Overview

  • General
  • FDIC Certificate #: 34929
    Status: Active
    Federal Reserve ID: 2791281
    Date Established: June 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 62048
    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: June 01, 1999
    Last Structure Change Effective Date: November 30, 2011
    Last Structure Change Process Date: December 12, 2011
    Last Data Update: December 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 Rocky Run Parkway, Wilmington, DE 19803
    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: $256.0 mil
    Equity capital: $46.0 mil
    Deposits held in domestic offices: $168.3 mil
    Return on assets (ROA): 0.68% ($1.7 mil)
    Quarterly return on assets: -3.03% (-$7.8 mil)
    Return on Equity (ROE): 3.39% ($1.6 mil)
    Quarterly return on equity: -15.77% (-$7.3 mil)
    Net income: $1.6 mil
    Quarterly Net income: -$1.9 mil
    Pretax return on assets: 1.10% ($2,816.4 mil)
    Quarterly Pretax return on assets: -4.82% (-$12,341.0 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
  • 38Total employees (full-time equivalent)
  • $256,038Total assets
  • $120,271Cash and due from depository institutions
  • $108,886Interest-bearing balances
  • $4,218Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $119,966Net loans & leases
  • $2,214Loan loss allowance
  • $0Trading account assets
  • $2,175Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $256,038Life insurance assets
  • $9,408All other assets
  • $210,024Total liabilities and capital
  • $168,326Total liabilities
  • $101,641Total deposits
  • $168,326Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,000Trading liabilities
  • $0Other borrowed funds
  • $1,698Subordinated debt
  • $46,014All other liabilities
  • $46,014Total equity capital
  • $46,014Total bank equity capital
  • $0Perpetual preferred stock
  • $571Common stock
  • $13,583Surplus
  • $31,860Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $75Income earned, not collected on loans
  • $0Earning assets
  • $503Long-term assets (5+ years)
  • $233,070Average Assets, year-to-date
  • $29,115Average Assets, quarterly
  • $230,032Volatile liabilities
  • $244,474Insider loans
  • $130,267FHLB advances
  • $255,560Loans and leases held for sale
  • $1,562Unused loan commitments
  • $1,562Tier 1 (core) risk-based capital
  • $45,758Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,792Restructured Loans and leases
  • $3,793Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,375Total interest income
  • $1,247Total interest expense
  • $9,128Net interest income
  • $670Provision for loan and lease losses
  • $8,872Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,830Additional noninterest income
  • $14,801Total noninterest expense
  • $4,802Salaries and employee benefits
  • $1,361Premises and equipment expense
  • $8,638Additional noninterest expense
  • $2,529Pre-tax net operating income
  • $0Securities gains (losses)
  • $955Applicable income taxes
  • $1,574Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,574Net income attributable to bank
  • $0Net charge-offs
  • $1,574Cash dividends
  • $4,136Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 4.32%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 7.00%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 3.39%Return on equity (ROE)
  • 3.39%Retained earnings to average equity (YTD only)
  • 3.22%Net charge-offs to loans
  • 16.20%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 82,228Assets per employee
  • 6.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 2952.00%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 71.27%Net loans and leases to core deposits
  • 75.31%Equity capital to assets
  • 17.97%Core capital (leverage) ratio
  • 17.90%Tier 1 risk-based capital ratio
  • 35.13%Total risk-based capital ratio
  • Memoranda
  • $36Average assets
  • $230,032Average earning assets
  • $46,451Average equity
  • $211,380Average loans

List of branches

  • 2 Delaware Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062048First Bank Of Delaware1000 Rocky Run Parkway, Wilmington, DE 19803June 01, 1999Full Service Brick and Mortar
    2432628Limestone Road Branch5301 Limestone Road, Wilmington, DE 19808September 27, 2004Full Service Brick and Mortar

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