The Bancorp Bank in Wilmington, Delaware (DE)



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The Bancorp Bank
GeneralFDIC Certificate #: 35444
Status: Active
Federal Reserve ID: 2858960
Bank Holding Company (Regulatory Top Holder): Bancorp, Inc., The (RSSDID: 2858951, Location: Wilmington, DE)
Date Established: July 28, 2000
WWW: http://www.thebancorp.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 80043
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: July 28, 2000
Last Structure Change Effective Date: November 07, 2008
Last Structure Change Process Date: November 18, 2009
Last Data Update: November 18, 2009
Data Source Date: April 05, 2012
LocationAddress: 409 Silverside Road, 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)
History of ChangesChange in Location
Financial SummaryTotal assets: $3,005.7 mil
Equity capital: $206.7 mil
Deposits held in domestic offices: $2,755.8 mil
Return on assets (ROA): 0.35% ($10.5 mil)
Quarterly return on assets: 0.44% ($13.2 mil)
Return on Equity (ROE): 4.97% ($10.3 mil)
Quarterly return on equity: 6.88% ($14.2 mil)
Net income: $9.8 mil
Quarterly Net income: $3.5 mil
Pretax return on assets: 0.52% ($15,629.8 mil)
Quarterly Pretax return on assets: 0.63% ($18,936.1 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)428
Total assets$3,005,724
Cash and due from depository institutions$749,139
Interest-bearing balances$652,946
Securities$463,273
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,715,260
Loan loss allowance $29,568
Trading account assets$0
Bank premises and fixed assets$8,358
Other real estate owned$7,405
Goodwill and other intangibles$8,004
All other assets$54,285
Life insurance assets$3,005,724
Total liabilities and capital$2,799,021
Total liabilities$2,755,807
Total deposits$1,257,637
Interest-bearing deposits$2,755,807
Deposits held in domestic offices$79
% insured (estimated)33177.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $10,037
All other liabilities $206,703
Total equity capital$206,703
Total bank equity capital$206,703
Perpetual preferred stock$0
Common stock$3,804
Surplus$180,327
Undivided profits $22,572
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 $21,688
Earning assets $249
Long-term assets (5+ years) $8,476
Average Assets, year-to-date $2,831,479
Average Assets, quarterly $555,656
Volatile liabilities $2,816,087
Insider loans $3,196,906
FHLB advances $1,795,127
Loans and leases held for sale $3,029,779
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $185,702
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $380,295
Derivatives$52,851
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $88,442
Total interest expense $10,411
Net interest income $78,031
Provision for loan and lease losses $21,498
Total noninterest income $29,287
Fiduciary activities $0
Service charges on deposit accounts $2,907
Trading account gains & fees $0
Additional noninterest income $26,380
Total noninterest expense $71,882
Salaries and employee benefits $31,108
Premises and equipment expense $7,569
Additional noninterest expense $33,205
Pre-tax net operating income $13,938
Securities gains (losses) $684
Applicable income taxes $4,798
Income before extraordinary items $9,824
Extraordinary gains - net $0
Net income attributable to bank $9,824
Net charge-offs $0
Cash dividends $9,824
Sale, conversion, retirement of capital stock, net $15,993
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 assets3.46%
Cost of funding earning assets 0.41%
Net interest margin 3.05%
Noninterest income to earning assets 1.15%
Noninterest expense to earning assets 2.81%
Net operating income to assets 0.33%
Return on assets (ROA) 0.35%
Pretax return on assets 0.52%
Return on equity (ROE) 4.97%
Retained earnings to average equity (YTD only) 4.97%
Net charge-offs to loans 0.95%
Credit loss provision to net charge-offs 134.42%
Efficiency ratio2.22%
Assets per employee$66,048
Cash dividends to net income (YTD only)7.02%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 136.33%
Noncurrent loans to loans 0.97%
Net loans and leases to deposits1.24%
Net loans and leases to core deposits 62.24%
Equity capital to assets 204.05%
Core capital (leverage) ratio 6.88%
Tier 1 risk-based capital ratio 6.13%
Total risk-based capital ratio 10.34%
Memoranda
Average assets$12
Average earning assets$2,816,087
Average equity $197,659
Average loans $2,555,866
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1 Delaware Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
080043The Bancorp Bank409 Silverside Road, Wilmington, DE 19809July 28, 2000Full Service Brick and Mortar
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