FDIC Certificate #: 23614 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Morgan Guaranty Trust Company of New York (#637) Federal Reserve ID: 261511 Date Established: December 21, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 16534 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: December 21, 1981 Last Structure Change Effective Date: June 01, 1996 Last Structure Change Process Date: June 26, 1996 Last Data Update: June 26, 1996 Data Source Date: April 05, 2012
Location
Address: 902 Market Street, Wilmington, DE 19801 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: $2,812.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
Dollar figures in thousands
0Total employees (full-time equivalent)
$119Total assets
$3,010,455Cash and due from depository institutions
$9,049Interest-bearing balances
$0Securities
$141,641Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$2,588,522Loan loss allowance
$108,313Trading account assets
$164,741Bank premises and fixed assets
$1,264Other real estate owned
$0Goodwill and other intangibles
$105,238Life insurance assets
$0All other assets
$0Total liabilities and capital
$3,010,455Total liabilities
$2,492,724Total deposits
$763,861Interest-bearing deposits
$750,604Deposits held in domestic offices
143022.00%% insured (estimated)
$4Federal funds purchased & repurchase agreements
$201,050Trading liabilities
$164,404Other borrowed funds
$1,151,521Subordinated debt
$149,784All other liabilities
$62,104Total equity capital
$62,104Total bank equity capital
$517,731Perpetual preferred stock
$0Common stock
$100,000Surplus
$250,000Undivided profits
Memoranda
$167,731Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,265Income earned, not collected on loans
$12,948Earning assets
$2,730,163Long-term assets (5+ years)
$218,728Average Assets, year-to-date
$3,229,627Average Assets, quarterly
$3,191,991Volatile liabilities
$2,103,036Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,077,732Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$497,564Total risk weighted assets
$4,644,372Total unused commitments
$0Restructured Loans and leases
$18,916,031Derivatives
Income and Expense (December 31, 1995)
Dollar figures in thousands
$0Total interest income
$226,451Total interest expense
$149,460Net interest income
$76,991Provision for loan and lease losses
$0Total noninterest income
$21,359Fiduciary activities
$2,259Service charges on deposit accounts
$7,034Trading account gains & fees
$25Additional noninterest income
$12,041Total noninterest expense
$36,919Salaries and employee benefits
$10,210Premises and equipment expense
$2,654Additional noninterest expense
$24,055Pre-tax net operating income
$61,431Securities gains (losses)
$1,991Applicable income taxes
$19,787Income before extraordinary items
$43,635Extraordinary gains - net
$0Net income attributable to bank
$43,635Net charge-offs
-$3,773Cash dividends
$200,000Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1995)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.79%Cost of funding earning assets
5.14%Net interest margin
2.65%Noninterest income to earning assets
0.73%Noninterest expense to earning assets
1.27%Net operating income to assets
1.31%Return on assets (ROA)
1.35%Pretax return on assets
1.96%Return on equity (ROE)
7.81%Retained earnings to average equity (YTD only)
-27.99%Net charge-offs to loans
-0.13%Credit loss provision to net charge-offs
0.00%Efficiency ratio
37,538Assets per employee
25.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
458.35%Loss allowance to loans
4.02%Loss allowance to noncurrent loans
759.29%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.53%Net loans and leases to deposits
338.87%Net loans and leases to core deposits
19525.70%Equity capital to assets
17.20%Core capital (leverage) ratio
15.41%Tier 1 risk-based capital ratio
10.71%Total risk-based capital ratio
Memoranda
$14Average assets
$3,229,627Average earning assets
$558,726Average equity
$2,908,454Average loans
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