FDIC Certificate #: 23717 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PNC Bank, Delaware (#679) Federal Reserve ID: 179214 Date Established: March 10, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 16587 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: March 10, 1982 Last Structure Change Effective Date: December 01, 1997 Last Structure Change Process Date: December 31, 1997 Last Data Update: December 31, 1997 Data Source Date: April 05, 2012
Location
Address: 103 Bellevue Parkway, Wilmington, DE 19809 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: $199.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1996)
Dollar figures in thousands
0Total employees (full-time equivalent)
$839Total assets
$388,849Cash and due from depository institutions
$70,494Interest-bearing balances
$64,568Securities
$1,356Federal funds sold & reverse repurchase agreements
$231,840Net loans & leases
$25,039Loan loss allowance
$415Trading account assets
$0Bank premises and fixed assets
$25,127Other real estate owned
$0Goodwill and other intangibles
$34,993Life insurance assets
$0All other assets
$0Total liabilities and capital
$388,849Total liabilities
$272,762Total deposits
$249,152Interest-bearing deposits
$248,972Deposits held in domestic offices
249152.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$23,610Total equity capital
$23,610Total bank equity capital
$116,087Perpetual preferred stock
$0Common stock
$10,000Surplus
$18,917Undivided profits
Memoranda
$87,170Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$218Income earned, not collected on loans
$68Earning assets
$322,803Long-term assets (5+ years)
$6,150Average Assets, year-to-date
$797,827Average Assets, quarterly
$665,777Volatile liabilities
$231Insider loans
$8FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$92,777Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$116,085Total risk weighted assets
$143,236Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1996)
Dollar figures in thousands
$0Total interest income
$132,222Total interest expense
$49,534Net interest income
$82,688Provision for loan and lease losses
$25,000Total noninterest income
$115,422Fiduciary activities
$97,027Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$18,395Total noninterest expense
$99,043Salaries and employee benefits
$39,870Premises and equipment expense
$7,610Additional noninterest expense
$51,563Pre-tax net operating income
$74,067Securities gains (losses)
$0Applicable income taxes
$27,684Income before extraordinary items
$46,383Extraordinary gains - net
$0Net income attributable to bank
$46,383Net charge-offs
$48,983Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1996)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
18.36%Cost of funding earning assets
6.88%Net interest margin
11.48%Noninterest income to earning assets
16.03%Noninterest expense to earning assets
13.75%Net operating income to assets
5.81%Return on assets (ROA)
5.81%Pretax return on assets
9.28%Return on equity (ROE)
46.03%Retained earnings to average equity (YTD only)
46.03%Net charge-offs to loans
7.36%Credit loss provision to net charge-offs
51.04%Efficiency ratio
49,028Assets per employee
0.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
190.37%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.86%Net loans and leases to deposits
10.05%Net loans and leases to core deposits
10.06%Equity capital to assets
29.85%Core capital (leverage) ratio
7.95%Tier 1 risk-based capital ratio
81.04%Total risk-based capital ratio
Memoranda
$81Average assets
$797,827Average earning assets
$100,767Average equity
$720,254Average loans
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