The Bank of Delmarva in Seaford, Delaware (DE), MD
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| The Bank of Delmarva | |
|---|---|
| General | FDIC Certificate #: 8810 Status: Active Federal Reserve ID: 885225 Bank Holding Company (Regulatory Top Holder): Delmar Bancorp (RSSDID: 1249918, Location: Salisbury, MD) Date Established: December 14, 1896 WWW: http://www.bankofdelmarva.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 14 (Domestic: 14, Interstate: Yes) FDIC's unique #: 5613 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: January 01, 1934 Last Structure Change Effective Date: September 22, 2008 Last Structure Change Process Date: January 14, 2009 Last Data Update: January 14, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 910 Norman Eskridge Highway, Seaford, DE 19973 County: Sussex 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 Core Based Statistical Area (CBSA): Seaford, DE (#42580) CBSA Micro Statistical Area: Yes |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $440.9 mil Equity capital: $37.4 mil Deposits held in domestic offices: $380.8 mil Return on assets (ROA): -0.70% (-$3.1 mil) Quarterly return on assets: -2.24% (-$9.9 mil) Return on Equity (ROE): -7.74% (-$2.9 mil) Quarterly return on equity: -25.35% (-$9.4 mil) Net income: -$3.1 mil Quarterly Net income: -$2.4 mil Pretax return on assets: -1.19% (-$5,246.8 mil) Quarterly Pretax return on assets: -3.69% (-$16,269.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 103 |
| Total assets | $440,905 |
| Cash and due from depository institutions | $14,510 |
| Interest-bearing balances | $4,686 |
| Securities | $36,618 |
| Federal funds sold & reverse repurchase agreements | $32,496 |
| Net loans & leases | $337,319 |
| Loan loss allowance | $7,287 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,922 |
| Other real estate owned | $2,870 |
| Goodwill and other intangibles | $214 |
| All other assets | $9,956 |
| Life insurance assets | $440,905 |
| Total liabilities and capital | $403,461 |
| Total liabilities | $380,830 |
| Total deposits | $290,868 |
| Interest-bearing deposits | $380,830 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 1767.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $20,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $864 |
| All other liabilities | $37,444 |
| Total equity capital | $37,444 |
| Total bank equity capital | $37,444 |
| Perpetual preferred stock | $0 |
| Common stock | $2,013 |
| Surplus | $12,531 |
| Undivided profits | $22,900 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $638 |
| Income earned, not collected on loans | $16,476 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,449 |
| Average Assets, year-to-date | $411,119 |
| Average Assets, quarterly | $77,886 |
| Volatile liabilities | $433,220 |
| Insider loans | $436,094 |
| FHLB advances | $352,157 |
| Loans and leases held for sale | $436,879 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $37,379 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $35,270 |
| Derivatives | $4,091 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $20,388 |
| Total interest expense | $4,774 |
| Net interest income | $15,614 |
| Provision for loan and lease losses | $11,000 |
| Total noninterest income | $2,081 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,711 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $370 |
| Total noninterest expense | $11,625 |
| Salaries and employee benefits | $5,560 |
| Premises and equipment expense | $1,658 |
| Additional noninterest expense | $4,407 |
| Pre-tax net operating income | -$4,930 |
| Securities gains (losses) | -$241 |
| Applicable income taxes | -$2,118 |
| Income before extraordinary items | -$3,053 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$3,053 |
| Net charge-offs | $0 |
| Cash dividends | -$3,053 |
| Sale, conversion, retirement of capital stock, net | $9,270 |
| Net operating income | $393 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.06% |
| Cost of funding earning assets | 1.18% |
| Net interest margin | 3.87% |
| Noninterest income to earning assets | 0.52% |
| Noninterest expense to earning assets | 2.88% |
| Net operating income to assets | -0.67% |
| Return on assets (ROA) | -0.70% |
| Pretax return on assets | -1.19% |
| Return on equity (ROE) | -7.74% |
| Retained earnings to average equity (YTD only) | -8.74% |
| Net charge-offs to loans | 2.65% |
| Credit loss provision to net charge-offs | 118.66% |
| Efficiency ratio | 0.65% |
| Assets per employee | $65,335 |
| Cash dividends to net income (YTD only) | 4.28% |
| Condition Ratios (%) | |
| Loss allowance to loans | -12.87% |
| Loss allowance to noncurrent loans | 2.11% |
| Noncurrent assets plus other real estate owned to assets | 44.23% |
| Noncurrent loans to loans | 4.39% |
| Net loans and leases to deposits | 4.78% |
| Net loans and leases to core deposits | 88.57% |
| Equity capital to assets | 91.66% |
| Core capital (leverage) ratio | 8.49% |
| Tier 1 risk-based capital ratio | 8.56% |
| Total risk-based capital ratio | 10.61% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $433,220 |
| Average equity | $39,439 |
| Average loans | $403,150 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $603 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $603 |
| Employee benefit-defined contribution accounts | $603 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 4 Delaware Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5613 | The Bank Of Delmarva | 910 Norman Eskridge Highway, Seaford, DE 19973 | December 14, 1896 | Full Service Brick and Mortar |  |
| 7 | 225347 | Laurel Branch | Market And Delaware Avenue, Laurel, DE 19956 | August 17, 1959 | Full Service Brick and Mortar |  |
| 8 | 225338 | Dagsboro Branch | Main And Clayton Streets, Dagsboro, DE 19939 | June 01, 1959 | Full Service Brick and Mortar | |
| 9 | 360921 | Rehoboth Beach Branch | 4575 Highway 1 Suite 80, Rehoboth Beach, DE 19971 | May 15, 2001 | Full Service Brick and Mortar | |
| 10 Maryland Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 2 | 219023 | Beaglin Park Drive Branch | 241 Beaglin Park Drive, Salisbury, MD 21804 | December 15, 1982 | Full Service Brick and Mortar | |
| 3 | 219024 | Clemwood Branch | 107-111 Clemwood Street, Salisbury, MD 21801 | October 28, 1987 | Full Service Brick and Mortar | |
| 4 | 219025 | North Salisbury Branch | 2727 North Salisbury Boulevard, Salisbury, MD 21801 | June 14, 1993 | Full Service Brick and Mortar | |
| 5 | 219026 | Pecan Square Branch | 1206 Quantico Road, Salisbury, MD 21801 | June 01, 1993 | Full Service Brick and Mortar | |
| 10 | 365513 | Plaza East Night Depository Branch | One Plaza East, Suite 100, Salisbury, MD 21804 | October 07, 2002 | | |
| 11 | 449830 | Northwood Drive Branch | 2245 Northwood Drive, Salisbury, MD 21801 | Febuary 27, 2006 | Limited Service Loan Production | |
| 12 | 452192 | Administrative Office Branch | 2245 Northwood Drive, Salisbury, MD 21801 | Febuary 27, 2006 | Limited Service Administrative | |
| 13 | 291939 | Ocean City Branch | 12505 Coastal Highway, Ocean City, MD 21842 | April 03, 2000 | Full Service Brick and Mortar | |
| 14 | 491621 | Wicomico Worcester Sussex County, De Branch | 2245 Northwood Drive, Salisbury, MD 21801 | June 16, 2009 | Limited Service Mobile | |
| 15 | 492898 | Route 13 Delmar Branch | 9550 Ocean Highway, Delmar, MD 21875 | January 20, 2009 | Full Service Brick and Mortar | |
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