MidCoast Community Bank in Wilmington, Delaware (DE)



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MidCoast Community Bank routing number info

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MidCoast Community Bank
GeneralFDIC Certificate #: 58498
Status: Active
Federal Reserve ID: 3592609
Bank Holding Company (Regulatory Top Holder): Midcoast Community Bancorp, Inc (RSSDID: 4144265, Location: Wilmington, DE)
Date Established: March 15, 2007
WWW: http://www.midcoastbankonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 454558
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 15, 2007
Last Structure Change Effective Date: October 12, 2011
Last Structure Change Process Date: March 13, 2012
Last Data Update: March 13, 2012
Data Source Date: April 05, 2012
LocationAddress: 4900 Kirkwood Highway, Wilmington, DE 19808
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 SummaryTotal assets: $234.8 mil
Equity capital: $20.6 mil
Deposits held in domestic offices: $214.1 mil
Return on assets (ROA): 0.40% ($0.9 mil)
Quarterly return on assets: 0.01% ($0.0 mil)
Return on Equity (ROE): 4.09% ($0.9 mil)
Quarterly return on equity: 0.12% ($0.0 mil)
Net income: $0.8 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.62% ($1,455.7 mil)
Quarterly Pretax return on assets: 0.03% ($70.4 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)26
Total assets$234,794
Cash and due from depository institutions$18,566
Interest-bearing balances$15,889
Securities$7,492
Federal funds sold & reverse repurchase agreements$3,867
Net loans & leases$200,355
Loan loss allowance $2,488
Trading account assets$0
Bank premises and fixed assets$1,679
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,835
Life insurance assets$234,794
Total liabilities and capital$214,237
Total liabilities$214,083
Total deposits$200,876
Interest-bearing deposits$214,083
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $154
All other liabilities $20,557
Total equity capital$20,557
Total bank equity capital$20,557
Perpetual preferred stock$0
Common stock$2,605
Surplus$19,041
Undivided profits $-1,089
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,348
Earning assets $0
Long-term assets (5+ years) $531
Average Assets, year-to-date $227,603
Average Assets, quarterly $30,344
Volatile liabilities $204,902
Insider loans $219,621
FHLB advances $197,235
Loans and leases held for sale $224,024
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,563
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,912
Derivatives$11,007
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,565
Total interest expense $3,080
Net interest income $6,485
Provision for loan and lease losses $684
Total noninterest income -$21
Fiduciary activities $0
Service charges on deposit accounts $18
Trading account gains & fees $0
Additional noninterest income -$39
Total noninterest expense $4,501
Salaries and employee benefits $2,388
Premises and equipment expense $617
Additional noninterest expense $1,496
Pre-tax net operating income $1,279
Securities gains (losses) $0
Applicable income taxes $453
Income before extraordinary items $826
Extraordinary gains - net $0
Net income attributable to bank $826
Net charge-offs $0
Cash dividends $826
Sale, conversion, retirement of capital stock, net $357
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 1.54%
Net interest margin 3.25%
Noninterest income to earning assets -0.01%
Noninterest expense to earning assets 2.26%
Net operating income to assets 0.40%
Return on assets (ROA) 0.40%
Pretax return on assets 0.62%
Return on equity (ROE) 4.09%
Retained earnings to average equity (YTD only) 4.09%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 191.60%
Efficiency ratio5.50%
Assets per employee$69,632
Cash dividends to net income (YTD only)9.03%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 184.57%
Noncurrent loans to loans 0.57%
Net loans and leases to deposits0.66%
Net loans and leases to core deposits 93.59%
Equity capital to assets 101.96%
Core capital (leverage) ratio 8.76%
Tier 1 risk-based capital ratio 9.18%
Total risk-based capital ratio 10.43%
Memoranda
Average assets$12
Average earning assets$204,902
Average equity $20,210
Average loans $199,385
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2 Delaware Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0454558Midcoast Community Bank4900 Kirkwood Highway, Wilmington, DE 19808March 15, 2007Full Service Brick and Mortar
1510320Dover Branch584 North Dupont Highway, Dover, DE 19901September 08, 2009Full Service Brick and Mortar
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