PNC Bank, Delaware in Wilmington, Delaware (DE)



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PNC Bank, Delaware
GeneralFDIC Certificate #: 679
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: PNC Bank, National Association (#6384)
Federal Reserve ID: 83311
Date Established: January 01, 1885
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 51 (Interstate: No)
FDIC's unique #: 441
Numeric code: 13
Regulator: FED
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: August 21, 2009
Last Structure Change Process Date: September 10, 2009
Last Data Update: September 10, 2009
Data Source Date: April 05, 2012
LocationAddress: 300 Delaware Avenue, Wilmington, DE 19899
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: $3,169.7 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)414
Total assets$3,040,227
Cash and due from depository institutions$89,850
Interest-bearing balances$4,076
Securities$323,467
Federal funds sold & reverse repurchase agreements$434
Net loans & leases$2,433,028
Loan loss allowance $48,862
Trading account assets$0
Bank premises and fixed assets$10,420
Other real estate owned$5,894
Goodwill and other intangibles$36,546
All other assets$140,588
Life insurance assets$64,046
Total liabilities and capital$3,040,227
Total liabilities$2,847,079
Total deposits$2,560,306
Interest-bearing deposits$2,026,308
Deposits held in domestic offices$2,560,306
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $175,000
Trading liabilities$0
Other borrowed funds $28,346
Subordinated debt $50,000
All other liabilities $33,427
Total equity capital$193,148
Total bank equity capital$193,148
Perpetual preferred stock$193,148
Common stock$0
Surplus$500
Undivided profits $93,656
Memoranda
Noncurrent loans and leases $98,992
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,178,584
Income earned, not collected on loans $0
Earning assets $72,027
Long-term assets (5+ years) $0
Average Assets, year-to-date $12,070
Average Assets, quarterly $2,761,005
Volatile liabilities $923,038
Insider loans $3,190,183
FHLB advances $3,080,969
Loans and leases held for sale $331,820
Unused loan commitments $225
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,178,584
Restructured Loans and leases $623
Derivatives$81,613
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $182,394
Total interest expense $49,321
Net interest income $133,073
Provision for loan and lease losses $43,300
Total noninterest income $83,389
Fiduciary activities $17,811
Service charges on deposit accounts $25,866
Trading account gains & fees $0
Additional noninterest income $39,712
Total noninterest expense $87,214
Salaries and employee benefits $24,227
Premises and equipment expense $8,490
Additional noninterest expense $54,497
Pre-tax net operating income $85,948
Securities gains (losses) $0
Applicable income taxes $29,281
Income before extraordinary items $56,667
Extraordinary gains - net $0
Net income attributable to bank $56,667
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $31,085
Net operating income $59,000
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.25%
Cost of funding earning assets 1.69%
Net interest margin 4.56%
Noninterest income to earning assets 2.86%
Noninterest expense to earning assets 2.99%
Net operating income to assets 1.78%
Return on assets (ROA) 1.78%
Pretax return on assets 2.69%
Return on equity (ROE) 24.30%
Retained earnings to average equity (YTD only) -1.00%
Net charge-offs to loans 1.22%
Credit loss provision to net charge-offs 139.30%
Efficiency ratio4.16%
Assets per employee$39,654
Cash dividends to net income (YTD only)7.34%
Condition Ratios (%)
Loss allowance to loans 104.12%
Loss allowance to noncurrent loans 1.97%
Noncurrent assets plus other real estate owned to assets 67.84%
Noncurrent loans to loans 2.56%
Net loans and leases to deposits2.90%
Net loans and leases to core deposits 95.03%
Equity capital to assets 101.23%
Core capital (leverage) ratio 6.35%
Tier 1 risk-based capital ratio 7.45%
Total risk-based capital ratio 9.22%
Memoranda
Average assets$12
Average earning assets$3,190,183
Average equity $233,245
Average loans $2,917,043
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Total Fiduciary and Related Assets (December 31, 2008)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$3,932,999
Number of Accounts1
Personal trust and agency accounts$2,230,147
Employee benefit-defined contribution accounts$1,102,846
Employee benefit-defined benefit accounts$10
Other retirement accounts$0
Corporate trust and agency accounts$43,650
Investment management agency accounts$0
Other fiduciary accounts$640,167
Fiduciary accounts held in foreign offices$0
Non-managed Assets$443,474
Number of Accounts1663
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,702,852
Corporate trust and agency accounts$1,698,465
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$3,305
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