MidCoast Community Bank in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

MidCoast Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 26Total employees (full-time equivalent)
  • $234,794Total assets
  • $18,566Cash and due from depository institutions
  • $15,889Interest-bearing balances
  • $7,492Securities
  • $3,867Federal funds sold & reverse repurchase agreements
  • $200,355Net loans & leases
  • $2,488Loan loss allowance
  • $0Trading account assets
  • $1,679Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $234,794Life insurance assets
  • $2,835All other assets
  • $214,237Total liabilities and capital
  • $214,083Total liabilities
  • $200,876Total deposits
  • $214,083Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $154Subordinated debt
  • $20,557All other liabilities
  • $20,557Total equity capital
  • $20,557Total bank equity capital
  • $0Perpetual preferred stock
  • $2,605Common stock
  • $19,041Surplus
  • $-1,089Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,348Income earned, not collected on loans
  • $0Earning assets
  • $531Long-term assets (5+ years)
  • $227,603Average Assets, year-to-date
  • $30,344Average Assets, quarterly
  • $204,902Volatile liabilities
  • $219,621Insider loans
  • $197,235FHLB advances
  • $224,024Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,563Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,912Restructured Loans and leases
  • $11,007Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,565Total interest income
  • $3,080Total interest expense
  • $6,485Net interest income
  • $684Provision for loan and lease losses
  • -$21Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$39Additional noninterest income
  • $4,501Total noninterest expense
  • $2,388Salaries and employee benefits
  • $617Premises and equipment expense
  • $1,496Additional noninterest expense
  • $1,279Pre-tax net operating income
  • $0Securities gains (losses)
  • $453Applicable income taxes
  • $826Income before extraordinary items
  • $0Extraordinary gains - net
  • $826Net income attributable to bank
  • $0Net charge-offs
  • $826Cash dividends
  • $357Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.25%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 4.09%Return on equity (ROE)
  • 4.09%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 191.60%Credit loss provision to net charge-offs
  • 5.50%Efficiency ratio
  • 69,632Assets per employee
  • 9.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 184.57%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 93.59%Net loans and leases to core deposits
  • 101.96%Equity capital to assets
  • 8.76%Core capital (leverage) ratio
  • 9.18%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $204,902Average earning assets
  • $20,210Average equity
  • $199,385Average loans

List of branches

  • 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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