JCPenney Card Bank, National Association - Overview
General
FDIC Certificate #: 33820 Status: Inactive Federal Reserve ID: 2062589 Date Established: July 16, 1993 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 48123 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 16, 1993 Last Structure Change Effective Date: September 30, 2000 Last Structure Change Process Date: October 19, 2000 Last Data Update: October 19, 2000 Data Source Date: April 05, 2012
Location
Address: East Street And Clark, Suite B, Harrington, DE 19952 County: Kent 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): Dover, DE (#2190) Core Based Statistical Area (CBSA): Dover, DE (#20100) CBSA Metro Statistical Area: Dover, DE (#20100)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $3.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
5Total employees (full-time equivalent)
$12,208Total assets
$82Cash and due from depository institutions
$0Interest-bearing balances
$596Securities
$1,480Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$34Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$10,016All other assets
$12,208Total liabilities and capital
$3,384Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,384All other liabilities
$8,824Total equity capital
$8,824Total bank equity capital
$8,824Perpetual preferred stock
$0Common stock
$10Surplus
$1,590Undivided profits
Memoranda
$7,224Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$2,076Average Assets, quarterly
$122Volatile liabilities
$26,274Insider loans
$20,440FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,368Total interest income
$1,291Total interest expense
$1,077Net interest income
$822Provision for loan and lease losses
$124,545Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$124,545Additional noninterest income
$113,372Total noninterest expense
$277Salaries and employee benefits
$30Premises and equipment expense
$113,065Additional noninterest expense
$11,428Pre-tax net operating income
-$9Securities gains (losses)
$4,357Applicable income taxes
$7,062Income before extraordinary items
$0Extraordinary gains - net
$7,062Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$978Sale, conversion, retirement of capital stock, net
$3,000Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
15.68%Yield on earning assets
8.55%Cost of funding earning assets
7.13%Net interest margin
824.82%Noninterest income to earning assets
750.83%Noninterest expense to earning assets
26.90%Net operating income to assets
26.88%Return on assets (ROA)
43.46%Pretax return on assets
109.50%Return on equity (ROE)
62.98%Retained earnings to average equity (YTD only)
12.21%Net charge-offs to loans
84.05%Credit loss provision to net charge-offs
12.53%Efficiency ratio
90,249Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.48%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
72.28%Core capital (leverage) ratio
36.40%Tier 1 risk-based capital ratio
82.58%Total risk-based capital ratio
Memoranda
$83Average assets
$26,274Average earning assets
$6,450Average equity
$15,100Average loans
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