JCPenney National Bank in Harrington, Delaware (DE)



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JCPenney National Bank
GeneralFDIC Certificate #: 4810
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: The First National Bank of Wyoming (#4819)
Federal Reserve ID: 36018
Date Established: January 01, 1888
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 3214
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: January 01, 1934
Last Structure Change Effective Date: October 24, 1997
Last Structure Change Process Date: November 14, 1997
Last Data Update: November 14, 1997
Data Source Date: April 05, 2012
LocationAddress: 9 Commerce Street, 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)
Financial SummaryTotal assets: $174.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$69
Cash and due from depository institutions$626,739
Interest-bearing balances$4,675
Securities$0
Federal funds sold & reverse repurchase agreements$862
Net loans & leases$0
Loan loss allowance $599,865
Trading account assets$39,011
Bank premises and fixed assets$0
Other real estate owned$697
Goodwill and other intangibles$190
All other assets$0
Life insurance assets$20,450
Total liabilities and capital$0
Total liabilities$626,739
Total deposits$580,542
Interest-bearing deposits$564,088
Deposits held in domestic offices$539,416
% insured (estimated)564088.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$10,700
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$5,754
Total bank equity capital$5,754
Perpetual preferred stock$46,197
Common stock$0
Surplus$210
Undivided profits $27,450
Memoranda
Noncurrent loans and leases $18,537
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $14,340
Earning assets $232
Long-term assets (5+ years) $600,727
Average Assets, year-to-date $36,129
Average Assets, quarterly $659,541
Volatile liabilities $640,377
Insider loans $77,910
FHLB advances $107
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,690,073
Tier 2 risk-based capital $0
Total risk weighted assets $46,197
Total unused commitments $609,638
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $110,777
Net interest income $33,030
Provision for loan and lease losses $77,747
Total noninterest income $63,000
Fiduciary activities $18,660
Service charges on deposit accounts $0
Trading account gains & fees $384
Additional noninterest income $0
Total noninterest expense $18,276
Salaries and employee benefits $31,588
Premises and equipment expense $1,541
Additional noninterest expense $302
Pre-tax net operating income $29,745
Securities gains (losses) $1,819
Applicable income taxes $1
Income before extraordinary items $719
Extraordinary gains - net $1,101
Net income attributable to bank $0
Net charge-offs $1,101
Cash dividends $60,960
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 17.46%
Net interest margin 5.21%
Noninterest income to earning assets 12.26%
Noninterest expense to earning assets 2.94%
Net operating income to assets 4.98%
Return on assets (ROA) 0.17%
Pretax return on assets 0.17%
Return on equity (ROE) 0.28%
Retained earnings to average equity (YTD only) 2.36%
Net charge-offs to loans 2.36%
Credit loss provision to net charge-offs 9.20%
Efficiency ratio103.35%
Assets per employee$32,765
Cash dividends to net income (YTD only)9.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 6.11%
Noncurrent assets plus other real estate owned to assets 272.04%
Noncurrent loans to loans 2.32%
Net loans and leases to deposits2.24%
Net loans and leases to core deposits 106.34%
Equity capital to assets 120.73%
Core capital (leverage) ratio 7.37%
Tier 1 risk-based capital ratio 7.19%
Total risk-based capital ratio 7.58%
Memoranda
Average assets$9
Average earning assets$659,541
Average equity $46,596
Average loans $634,319
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