Wachovia Bank of Delaware, National Association in city_name, state_name

Wachovia Bank of Delaware, National Association in Wilmington, Delaware (DE)
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Wachovia Bank of Delaware, National Association - Overview

General
FDIC Certificate #: 33931
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 1224812
Date Established: September 01, 1994
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 19 (Interstate: No)
FDIC's unique #: 55100
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: September 01, 1994
Last Structure Change Effective Date: March 20, 2010
Last Structure Change Process Date: April 01, 2010
Last Data Update: April 01, 2010
Data Source Date: April 05, 2012
Location
Address: 100 West 10th Street, Wilmington, DE 19801
County: New Castle
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Washington
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: $4,084.7 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, 2009)

Dollar figures in thousands
26Total employees (full-time equivalent)
$4,084,663Total assets
$468,891Cash and due from depository institutions
$3,000Interest-bearing balances
$0Securities
$119,570Federal funds sold & reverse repurchase agreements
$3,027,663Net loans & leases
$87,802Loan loss allowance
$0Trading account assets
$6,435Bank premises and fixed assets
$806Other real estate owned
$109,164Goodwill and other intangibles
$4,511Life insurance assets
$352,134All other assets
$4,084,663Total liabilities and capital
$3,363,393Total liabilities
$2,734,624Total deposits
$2,331,760Interest-bearing deposits
$2,734,624Deposits held in domestic offices
83.36%% insured (estimated)
$295,068Federal funds purchased & repurchase agreements
$0Trading liabilities
$30,248Other borrowed funds
$10,000Subordinated debt
$293,453All other liabilities
$721,270Total equity capital
$721,270Total bank equity capital
$721,270Perpetual preferred stock
$0Common stock
$10,000Surplus
$670,632Undivided profits
Memoranda
$40,638Noncurrent loans and leases
$754,916Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$31,252Earning assets
$0Long-term assets (5+ years)
$97,803Average Assets, year-to-date
$3,150,233Average Assets, quarterly
$236,727Volatile liabilities
$4,625,878Insider loans
$4,109,208FHLB advances
$913,523Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$754,916Total unused commitments
$1,243Restructured Loans and leases
$47,288Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$154,409Total interest income
$26,767Total interest expense
$127,642Net interest income
$44,460Provision for loan and lease losses
$26,436Total noninterest income
$0Fiduciary activities
$19,112Service charges on deposit accounts
$0Trading account gains & fees
$7,324Additional noninterest income
$42,077Total noninterest expense
$3,161Salaries and employee benefits
$4,147Premises and equipment expense
$34,769Additional noninterest expense
$67,541Pre-tax net operating income
$0Securities gains (losses)
$26,903Applicable income taxes
$40,638Income before extraordinary items
$0Extraordinary gains - net
$40,638Net income attributable to bank
$0Net charge-offs
$40,638Cash dividends
$68,250Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.04%Yield on earning assets
0.70%Cost of funding earning assets
3.34%Net interest margin
0.69%Noninterest income to earning assets
1.10%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.46%Pretax return on assets
6.12%Return on equity (ROE)
6.12%Retained earnings to average equity (YTD only)
2.19%Net charge-offs to loans
65.14%Credit loss provision to net charge-offs
1.64%Efficiency ratio
20,360Assets per employee
157.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
280.95%Noncurrent assets plus other real estate owned to assets
0.78%Noncurrent loans to loans
1.00%Net loans and leases to deposits
110.72%Net loans and leases to core deposits
143.07%Equity capital to assets
17.66%Core capital (leverage) ratio
15.31%Tier 1 risk-based capital ratio
19.59%Total risk-based capital ratio
Memoranda
$21Average assets
$4,625,878Average earning assets
$664,219Average equity
$3,823,021Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$2,266Managed Assets
1Number of Accounts
$1,153Personal trust and agency accounts
$1,153Employee 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
3Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,113Other retirement accounts
$1,113Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2003)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$117,1821-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$12,172Other consumer loans
$0Commercial and industrial loans

Wachovia Bank of Delaware, National Association in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wachovia Bank of Delaware, National Association - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2007)

Bank Assets Sold and Securitized (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

Wachovia Bank of Delaware, National Association in Wilmington, Delaware (DE)Overview, Financial Summary, Detailed Financial Reports, Branches

Wachovia Bank of Delaware, National Association - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2007)

Bank Assets Sold and Securitized (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

Wachovia Bank of Delaware, National Association in Wilmington, Delaware (DE)
Overview, Financial Summary, Detailed Financial Reports, Branches