The Bank of Delmarva in Seaford, Delaware (DE), MD



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The Bank of Delmarva routing number info

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The Bank of Delmarva
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)

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, 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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
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 ratio0.65%
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 deposits4.78%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$603
Number of Accounts1
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 Accounts1
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
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4 Delaware Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05613The Bank Of Delmarva910 Norman Eskridge Highway, Seaford, DE 19973December 14, 1896Full Service Brick and Mortar
7225347Laurel BranchMarket And Delaware Avenue, Laurel, DE 19956August 17, 1959Full Service Brick and Mortar
8225338Dagsboro BranchMain And Clayton Streets, Dagsboro, DE 19939June 01, 1959Full Service Brick and Mortar
9360921Rehoboth Beach Branch4575 Highway 1 Suite 80, Rehoboth Beach, DE 19971May 15, 2001Full Service Brick and Mortar
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10 Maryland Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
2219023Beaglin Park Drive Branch241 Beaglin Park Drive, Salisbury, MD 21804December 15, 1982Full Service Brick and Mortar
3219024Clemwood Branch107-111 Clemwood Street, Salisbury, MD 21801October 28, 1987Full Service Brick and Mortar
4219025North Salisbury Branch2727 North Salisbury Boulevard, Salisbury, MD 21801June 14, 1993Full Service Brick and Mortar
5219026Pecan Square Branch1206 Quantico Road, Salisbury, MD 21801June 01, 1993Full Service Brick and Mortar
10365513Plaza East Night Depository BranchOne Plaza East, Suite 100, Salisbury, MD 21804October 07, 2002
11449830Northwood Drive Branch2245 Northwood Drive, Salisbury, MD 21801Febuary 27, 2006Limited Service Loan Production
12452192Administrative Office Branch2245 Northwood Drive, Salisbury, MD 21801Febuary 27, 2006Limited Service Administrative
13291939Ocean City Branch12505 Coastal Highway, Ocean City, MD 21842April 03, 2000Full Service Brick and Mortar
14491621Wicomico Worcester Sussex County, De Branch2245 Northwood Drive, Salisbury, MD 21801June 16, 2009Limited Service Mobile
15492898Route 13 Delmar Branch9550 Ocean Highway, Delmar, MD 21875January 20, 2009Full Service Brick and Mortar
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