FDIC Certificate #: 26724 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Comerica Bank, National Association (#24843) Federal Reserve ID: 62419 Date Established: July 25, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 35805 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: July 25, 1986 Last Structure Change Effective Date: Febuary 01, 1993 Last Structure Change Process Date: Febuary 08, 1993 Last Data Update: Febuary 08, 1993 Data Source Date: April 05, 2012
Location
Address: 411 White Clay Center Drive, Newark, DE 19711 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: $50.5 mil
Assets and Liabilities (December 31, 1992)
Dollar figures in thousands
0Total employees (full-time equivalent)
$1Total assets
$50,465Cash and due from depository institutions
$2,591Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$46,769Loan loss allowance
$2,253Trading account assets
$0Bank premises and fixed assets
$23Other real estate owned
$0Goodwill and other intangibles
$1,073Life insurance assets
$9All other assets
$0Total liabilities and capital
$50,465Total liabilities
$44,994Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,224Subordinated debt
$43,400All other liabilities
$370Total equity capital
$370Total bank equity capital
$5,471Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,000Undivided profits
Memoranda
$2,471Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$872Income earned, not collected on loans
$314Earning assets
$46,769Long-term assets (5+ years)
$0Average Assets, year-to-date
$50,056Average Assets, quarterly
$50,048Volatile liabilities
$1,224Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$94,334Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,462Total risk weighted assets
$49,016Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1992)
Dollar figures in thousands
$0Total interest income
$7,329Total interest expense
$2,362Net interest income
$4,967Provision for loan and lease losses
$2,556Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$0Total noninterest expense
$1,641Salaries and employee benefits
$106Premises and equipment expense
$98Additional noninterest expense
$1,437Pre-tax net operating income
$770Securities gains (losses)
$0Applicable income taxes
$262Income before extraordinary items
$508Extraordinary gains - net
$0Net income attributable to bank
$508Net charge-offs
$2,481Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1992)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
15.50%Cost of funding earning assets
5.00%Net interest margin
10.51%Noninterest income to earning assets
0.00%Noninterest expense to earning assets
3.47%Net operating income to assets
1.01%Return on assets (ROA)
1.01%Pretax return on assets
1.54%Return on equity (ROE)
9.75%Retained earnings to average equity (YTD only)
9.75%Net charge-offs to loans
5.02%Credit loss provision to net charge-offs
103.02%Efficiency ratio
32,978Assets per employee
50.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.60%Loss allowance to noncurrent loans
258.37%Noncurrent assets plus other real estate owned to assets
1.73%Noncurrent loans to loans
1.78%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
10.84%Core capital (leverage) ratio
11.06%Tier 1 risk-based capital ratio
11.14%Total risk-based capital ratio
Memoranda
$12Average assets
$50,056Average earning assets
$5,208Average equity
$47,278Average loans
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