The Bank of Delmarva in Seaford, Delaware (DE), MD
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • 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)

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
  • 103Total employees (full-time equivalent)
  • $440,905Total assets
  • $14,510Cash and due from depository institutions
  • $4,686Interest-bearing balances
  • $36,618Securities
  • $32,496Federal funds sold & reverse repurchase agreements
  • $337,319Net loans & leases
  • $7,287Loan loss allowance
  • $0Trading account assets
  • $6,922Bank premises and fixed assets
  • $2,870Other real estate owned
  • $214Goodwill and other intangibles
  • $440,905Life insurance assets
  • $9,956All other assets
  • $403,461Total liabilities and capital
  • $380,830Total liabilities
  • $290,868Total deposits
  • $380,830Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 1767.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $864Subordinated debt
  • $37,444All other liabilities
  • $37,444Total equity capital
  • $37,444Total bank equity capital
  • $0Perpetual preferred stock
  • $2,013Common stock
  • $12,531Surplus
  • $22,900Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $638Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,476Income earned, not collected on loans
  • $0Earning assets
  • $1,449Long-term assets (5+ years)
  • $411,119Average Assets, year-to-date
  • $77,886Average Assets, quarterly
  • $433,220Volatile liabilities
  • $436,094Insider loans
  • $352,157FHLB advances
  • $436,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,270Restructured Loans and leases
  • $4,091Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,388Total interest income
  • $4,774Total interest expense
  • $15,614Net interest income
  • $11,000Provision for loan and lease losses
  • $2,081Total noninterest income
  • $0Fiduciary activities
  • $1,711Service charges on deposit accounts
  • $0Trading account gains & fees
  • $370Additional noninterest income
  • $11,625Total noninterest expense
  • $5,560Salaries and employee benefits
  • $1,658Premises and equipment expense
  • $4,407Additional noninterest expense
  • -$4,930Pre-tax net operating income
  • -$241Securities gains (losses)
  • -$2,118Applicable income taxes
  • -$3,053Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,053Net income attributable to bank
  • $0Net charge-offs
  • -$3,053Cash dividends
  • $9,270Sale, conversion, retirement of capital stock, net
  • $393Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • -0.67%Net operating income to assets
  • -0.70%Return on assets (ROA)
  • -1.19%Pretax return on assets
  • -7.74%Return on equity (ROE)
  • -8.74%Retained earnings to average equity (YTD only)
  • 2.65%Net charge-offs to loans
  • 118.66%Credit loss provision to net charge-offs
  • 0.65%Efficiency ratio
  • 65,335Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -12.87%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 44.23%Noncurrent assets plus other real estate owned to assets
  • 4.39%Noncurrent loans to loans
  • 4.78%Net loans and leases to deposits
  • 88.57%Net loans and leases to core deposits
  • 91.66%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 8.56%Tier 1 risk-based capital ratio
  • 10.61%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $433,220Average earning assets
  • $39,439Average equity
  • $403,150Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $603Managed Assets
  • 1Number of Accounts
  • $603Personal trust and agency accounts
  • $603Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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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