Mercantile Peninsula Bank in Selbyville, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Mercantile Peninsula Bank in Selbyville, Delaware (DE)
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Mercantile Peninsula Bank - Overview

  • General
  • FDIC Certificate #: 11652
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 72614
    Date Established: April 21, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 38 (Interstate: No)
    FDIC's unique #: 7445
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Church Street, Selbyville, DE 19975
    County: Sussex
    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
    Core Based Statistical Area (CBSA): Seaford, DE (#42580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $1,882.3 mil

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

2000 - 2011 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, 2006)

  • Dollar figures in thousands
  • 383Total employees (full-time equivalent)
  • $1,788,826Total assets
  • $41,880Cash and due from depository institutions
  • $54Interest-bearing balances
  • $211,473Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,450,632Net loans & leases
  • $13,574Loan loss allowance
  • $0Trading account assets
  • $15,082Bank premises and fixed assets
  • $0Other real estate owned
  • $34,696Goodwill and other intangibles
  • $8,673Life insurance assets
  • $35,063All other assets
  • $1,788,826Total liabilities and capital
  • $1,601,992Total liabilities
  • $1,456,508Total deposits
  • $1,080,217Interest-bearing deposits
  • $1,456,508Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $78,966Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $56,700Subordinated debt
  • $9,818All other liabilities
  • $186,834Total equity capital
  • $186,834Total bank equity capital
  • $186,834Perpetual preferred stock
  • $0Common stock
  • $9,030Surplus
  • $77,434Undivided profits
  • Memoranda
  • $100,370Noncurrent loans and leases
  • $281,273Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,616Earning assets
  • $0Long-term assets (5+ years)
  • $9,306Average Assets, year-to-date
  • $1,662,159Average Assets, quarterly
  • $196,832Volatile liabilities
  • $1,780,649Insider loans
  • $1,798,011FHLB advances
  • $291,797Loans and leases held for sale
  • $40,868Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $281,273Total unused commitments
  • $0Restructured Loans and leases
  • $71,463Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $118,214Total interest income
  • $36,687Total interest expense
  • $81,527Net interest income
  • -$2,669Provision for loan and lease losses
  • $14,409Total noninterest income
  • $91Fiduciary activities
  • $6,644Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,674Additional noninterest income
  • $37,414Total noninterest expense
  • $15,555Salaries and employee benefits
  • $3,655Premises and equipment expense
  • $18,204Additional noninterest expense
  • $61,191Pre-tax net operating income
  • $0Securities gains (losses)
  • $23,070Applicable income taxes
  • $38,121Income before extraordinary items
  • $0Extraordinary gains - net
  • $38,121Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $159Sale, conversion, retirement of capital stock, net
  • $25,760Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.16%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 4.94%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 2.27%Noninterest expense to earning assets
  • 2.14%Net operating income to assets
  • 2.14%Return on assets (ROA)
  • 3.44%Pretax return on assets
  • 21.17%Return on equity (ROE)
  • 6.86%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -1678.62%Credit loss provision to net charge-offs
  • 368.06%Efficiency ratio
  • 38,186Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.57%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 241.70%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 99.60%Net loans and leases to core deposits
  • 116.64%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 10.91%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,780,649Average earning assets
  • $180,107Average equity
  • $1,651,252Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $34,109Managed Assets
  • 1Number of Accounts
  • $33,460Personal trust and agency accounts
  • $33,460Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 13Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $649Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $649Fiduciary accounts held in foreign offices

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