ING Bank, fsb in Wilmington, Delaware (DE)
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| ING Bank, fsb | |
|---|---|
| General | FDIC Certificate #: 35489 Status: Active Federal Reserve ID: 2933616 Date Established: August 04, 2000 WWW: http://www.ingdirect.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16782 FDIC's unique #: 80573 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: August 04, 2000 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 1 South Orange Street, Wilmington, DE 19801 County: New Castle Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Atlanta 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) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $92,212.5 mil Equity capital: $9,052.9 mil Deposits held in domestic offices: $82,984.2 mil Return on assets (ROA): 0.17% ($156.8 mil) Quarterly return on assets: 0.39% ($359.6 mil) Return on Equity (ROE): 1.74% ($157.5 mil) Quarterly return on equity: 4.01% ($363.0 mil) Net income: $155.8 mil Quarterly Net income: $90.7 mil Pretax return on assets: 0.26% ($239,752.5 mil) Quarterly Pretax return on assets: 0.55% ($507,168.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 2,418 |
| Total assets | $92,212,498 |
| Cash and due from depository institutions | $6,494,850 |
| Interest-bearing balances | $6,450,602 |
| Securities | $41,276,319 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $41,050,800 |
| Loan loss allowance | $446,935 |
| Trading account assets | $2,569 |
| Bank premises and fixed assets | $100,081 |
| Other real estate owned | $210,780 |
| Goodwill and other intangibles | $183,959 |
| All other assets | $2,893,140 |
| Life insurance assets | $92,212,498 |
| Total liabilities and capital | $83,159,554 |
| Total liabilities | $82,984,186 |
| Total deposits | $82,984,186 |
| Interest-bearing deposits | $82,984,186 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $175,368 |
| All other liabilities | $9,052,944 |
| Total equity capital | $9,052,944 |
| Total bank equity capital | $9,052,944 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $9,629,993 |
| Undivided profits | $-577,050 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,219,589 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $194,639 |
| Average Assets, year-to-date | $88,780,290 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $91,068,168 |
| Insider loans | $91,950,208 |
| FHLB advances | $31,709,208 |
| Loans and leases held for sale | $92,115,959 |
| Unused loan commitments | $1,140,997 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,956,405 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,431,529 |
| Derivatives | $4,174,891 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,519,094 |
| Total interest expense | $851,178 |
| Net interest income | $1,667,916 |
| Provision for loan and lease losses | $465,101 |
| Total noninterest income | -$289,564 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $21,943 |
| Trading account gains & fees | $246 |
| Additional noninterest income | -$311,753 |
| Total noninterest expense | $652,708 |
| Salaries and employee benefits | $246,795 |
| Premises and equipment expense | $72,466 |
| Additional noninterest expense | $333,447 |
| Pre-tax net operating income | $260,543 |
| Securities gains (losses) | -$22,864 |
| Applicable income taxes | $81,835 |
| Income before extraordinary items | $155,844 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $155,844 |
| Net charge-offs | $0 |
| Cash dividends | $155,844 |
| Sale, conversion, retirement of capital stock, net | $408,209 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.88% |
| Cost of funding earning assets | 0.97% |
| Net interest margin | 1.91% |
| Noninterest income to earning assets | -0.33% |
| Noninterest expense to earning assets | 0.75% |
| Net operating income to assets | 0.19% |
| Return on assets (ROA) | 0.17% |
| Pretax return on assets | 0.26% |
| Return on equity (ROE) | 1.74% |
| Retained earnings to average equity (YTD only) | 1.74% |
| Net charge-offs to loans | 0.99% |
| Credit loss provision to net charge-offs | 113.94% |
| Efficiency ratio | 1.78% |
| Assets per employee | $46,649 |
| Cash dividends to net income (YTD only) | 38.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.08% |
| Noncurrent assets plus other real estate owned to assets | 36.65% |
| Noncurrent loans to loans | 1.55% |
| Net loans and leases to deposits | 2.94% |
| Net loans and leases to core deposits | 49.47% |
| Equity capital to assets | 49.55% |
| Core capital (leverage) ratio | 9.82% |
| Tier 1 risk-based capital ratio | 9.72% |
| Total risk-based capital ratio | 28.25% |
| Memoranda | |
| Average assets | $29 |
| Average earning assets | $91,068,168 |
| Average equity | $8,970,535 |
| Average loans | $87,527,562 |
| 1 Delaware Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 80573 | Ing Bank, Fsb | 1 South Orange Street, Wilmington, DE 19801 | August 04, 2000 | Full Service Brick and Mortar |  |
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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.