Wilmington Savings Fund Society, FSB in Wilmington, Delaware (DE), PA, NV
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| Wilmington Savings Fund Society, FSB | |
|---|---|
| General | FDIC Certificate #: 17838 Status: Active Federal Reserve ID: 437914 Date Established: Febuary 18, 1832 WWW: http://www.wsfsbank.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 43 (Domestic: 43, Interstate: Yes) OTS Docket #: 7938 FDIC's unique #: 11782 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 06, 1958 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 500 Delaware Avenue, Wilmington, DE 19801 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 Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $4,281.1 mil Equity capital: $436.4 mil Deposits held in domestic offices: $3,150.2 mil Return on assets (ROA): 0.55% ($23.5 mil) Quarterly return on assets: 0.58% ($24.8 mil) Return on Equity (ROE): 5.38% ($23.5 mil) Quarterly return on equity: 5.65% ($24.6 mil) Net income: $22.7 mil Quarterly Net income: $6.1 mil Pretax return on assets: 0.83% ($35,533.5 mil) Quarterly Pretax return on assets: 0.89% ($38,102.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 760 |
| Total assets | $4,281,149 |
| Cash and due from depository institutions | $468,017 |
| Interest-bearing balances | $4,858 |
| Securities | $856,071 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $2,712,213 |
| Loan loss allowance | $53,080 |
| Trading account assets | $12,432 |
| Bank premises and fixed assets | $35,945 |
| Other real estate owned | $11,695 |
| Goodwill and other intangibles | $32,381 |
| All other assets | $152,395 |
| Life insurance assets | $4,281,149 |
| Total liabilities and capital | $3,844,704 |
| Total liabilities | $3,150,237 |
| Total deposits | $2,623,483 |
| Interest-bearing deposits | $3,150,237 |
| Deposits held in domestic offices | $69 |
| % insured (estimated) | 87927.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $568,682 |
| Other borrowed funds | $0 |
| Subordinated debt | $37,858 |
| All other liabilities | $436,445 |
| Total equity capital | $436,445 |
| Total bank equity capital | $436,445 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $182,797 |
| Undivided profits | $253,647 |
| 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 | $72,058 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $11,743 |
| Average Assets, year-to-date | $3,585,574 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $4,104,353 |
| Insider loans | $4,234,628 |
| FHLB advances | $3,233,606 |
| Loans and leases held for sale | $4,237,958 |
| Unused loan commitments | $63,392 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $393,725 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $630,912 |
| Derivatives | $1,804 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $158,618 |
| Total interest expense | $31,987 |
| Net interest income | $126,631 |
| Provision for loan and lease losses | $27,996 |
| Total noninterest income | $50,141 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $11,975 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $38,166 |
| Total noninterest expense | $119,463 |
| Salaries and employee benefits | $60,775 |
| Premises and equipment expense | $23,834 |
| Additional noninterest expense | $34,854 |
| Pre-tax net operating income | $29,313 |
| Securities gains (losses) | $4,878 |
| Applicable income taxes | $11,489 |
| Income before extraordinary items | $22,702 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $22,702 |
| Net charge-offs | $0 |
| Cash dividends | $22,702 |
| Sale, conversion, retirement of capital stock, net | $22,966 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.62% |
| Cost of funding earning assets | 0.93% |
| Net interest margin | 3.69% |
| Noninterest income to earning assets | 1.46% |
| Noninterest expense to earning assets | 3.48% |
| Net operating income to assets | 0.47% |
| Return on assets (ROA) | 0.55% |
| Pretax return on assets | 0.83% |
| Return on equity (ROE) | 5.38% |
| Retained earnings to average equity (YTD only) | 5.38% |
| Net charge-offs to loans | 0.86% |
| Credit loss provision to net charge-offs | 121.90% |
| Efficiency ratio | 2.50% |
| Assets per employee | $66,748 |
| Cash dividends to net income (YTD only) | 5.63% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.92% |
| Noncurrent assets plus other real estate owned to assets | 73.66% |
| Noncurrent loans to loans | 1.96% |
| Net loans and leases to deposits | 2.61% |
| Net loans and leases to core deposits | 86.10% |
| Equity capital to assets | 100.33% |
| Core capital (leverage) ratio | 10.19% |
| Tier 1 risk-based capital ratio | 9.29% |
| Total risk-based capital ratio | 12.18% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $4,104,353 |
| Average equity | $422,276 |
| Average loans | $3,434,802 |
| 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 | $10,624,065 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $440,161 |
| Employee benefit-defined contribution accounts | $354,282 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $7,898 |
| Investment management agency accounts | $30,072 |
| Other fiduciary accounts | $37,249 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $10,660 |
| Number of Accounts | 1788 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $7,898 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $10,183,904 |
| Corporate trust and agency accounts | $9,943,330 |
| Other fiduciary accounts | $21 |
| Fiduciary accounts held in foreign offices | $3,668 |
| 36 Delaware Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11782 | Wilmington Savings Fund Society, Fsb | 500 Delaware Avenue, Wilmington, DE 19801 | Febuary 18, 1832 | Full Service Brick and Mortar |  |
| 3 | 242912 | Union Street Branch | 211 North Union Street, Wilmington, DE 19805 | Febuary 18, 1832 | Full Service Brick and Mortar |  |
| 4 | 242913 | Fairfax Branch | 2005 Concord Pike, Wilmington, DE 19803 | August 19, 1957 | Full Service Brick and Mortar | |
| 5 | 242914 | Prices Corner Branch | 3202 Kirkwood Highway, Wilmington, DE 19808 | October 22, 1962 | Full Service Brick and Mortar | |
| 6 | 242915 | Trolley Square Branch | 1711 Delaware Avenue, Wilmington, DE 19806 | October 02, 1967 | Full Service Brick and Mortar | |
| 13 | 242922 | University Plaza Branch | 100 University Plaza, Newark, DE 19702 | July 09, 1973 | Full Service Brick and Mortar | |
| 16 | 242925 | Pike Creek Center Branch | 4730 Limestone Road, Wilmington, DE 19808 | September 11, 1974 | Full Service Brick and Mortar | |
| 17 | 242926 | Holly Oak Branch | 2105 Philadelphia Pike, Claymont, DE 19703 | November 01, 1974 | Full Service Brick and Mortar | |
| 19 | 242928 | Branmar Plaza Branch | 1712 Foulk Road, Wilmington, DE 19803 | August 21, 1978 | Full Service Brick and Mortar | |
| 20 | 242929 | College Square Branch | 115 College Square, Newark, DE 19711 | August 10, 1987 | Full Service Brick and Mortar | |
| 23 | 242932 | Airport Plaza Branch | 144 North Dupont Highway, New Castle, DE 19720 | May 30, 1989 | Full Service Brick and Mortar | |
| 24 | 242933 | Middletown Branch | 400 East Main Street, Middletown, DE 19709 | June 10, 1995 | Full Service Brick and Mortar | |
| 27 | 242934 | Dover Mart Branch | 290 South Dupont Highway, Dover, DE 19901 | December 15, 1995 | Full Service Retail | |
| 28 | 242935 | Stanton Branch | 1600 West Newport Pike, Wilmington, DE 19804 | November 01, 1996 | Full Service Retail | |
| 29 | 242936 | Glasgow Branch | 2400 Peoples Plaza, Newark, DE 19702 | November 11, 1996 | Full Service Retail | |
| 34 | 340786 | Brandywine Branch | 2522 Foulk Road, Wilmington, DE 19810 | June 09, 1999 | Full Service Retail | |
| 38 | 359055 | Hockessin Branch | 7450 Lancaster Pike, Hockessin, DE 19707 | June 16, 2000 | Full Service Brick and Mortar | |
| 45 | 362287 | Delaware City Bank Branch | 145 Clinton Street, Delaware City, DE 19706 | January 01, 1888 | Full Service Brick and Mortar | |
| 46 | 240730 | Concord Square Branch | 4401 Concord Pike, Wilmington, DE 19803 | July 26, 1962 | Full Service Brick and Mortar | |
| 47 | 246329 | Crossroads Shopping Center Branch | 2080 New Castle Avenue, New Castle, DE 19720 | March 17, 1965 | Full Service Brick and Mortar | |
| 53 | 495415 | Fox Run Branch | 210 Fox Hunt Drive, Bear, DE 19701 | November 15, 2003 | Full Service Brick and Mortar | |
| 54 | 495417 | Rehoboth Beach Branch | 19335 Coastal Highway, Rehoboth Beach, DE 19971 | July 15, 2003 | Full Service Brick and Mortar | |
| 55 | 495419 | Camden Branch | 4566 South Dupont Highway, Camden, DE 19934 | November 15, 2004 | Full Service Brick and Mortar | |
| 56 | 495420 | West Dover Branch | 1486 Forrest Avenue, Dover, DE 19904 | Febuary 15, 2006 | Full Service Brick and Mortar | |
| 57 | 495425 | Long Neck Branch | 25926 Plaza Drive, Millsboro, DE 19966 | September 14, 2006 | Full Service Brick and Mortar | |
| 58 | 495428 | Smyrna Branch | 400 Jimmy Drive, Smyrna, DE 19977 | October 18, 2006 | Full Service Brick and Mortar | |
| 59 | 495430 | Greenville Branch | 3908 Kennett Pike, Wilmington, DE 19807 | April 23, 2007 | Full Service Brick and Mortar | |
| 60 | 495431 | Lewes Branch | 34383 Carpenters Way, Lewes, DE 19958 | May 21, 2007 | Full Service Brick and Mortar | |
| 61 | 495433 | Millsboro Branch | 26644 Center View Drive, Millsboro, DE 19966 | May 18, 2009 | Full Service Brick and Mortar | |
| 62 | 495434 | Ocean View Branch | 69 Atlantic Avenue, Ocean View, DE 19970 | June 08, 2009 | Full Service Brick and Mortar | |
| 63 | 495436 | Selbyville Branch | 38394 Dupont Boulevard, Selbyville, DE 19975 | July 14, 2008 | Full Service Brick and Mortar | |
| 65 | 48183 | Greenville Wealth Mangement Center | 3801 Kennett Pike, Suite C-200, Greenville, DE 19807 | Febuary 14, 1994 | Limited Service Trust | |
| 69 | 522070 | Cash Connect Branch | 500 Creek View Road Suite 100, Newark, DE 19711 | June 21, 2011 | Limited Service Administrative | |
| 72 | 522073 | Seaford Branch | 22820 Sussex Highway Sussex Common Shopping Center Unit 19, Seaford, DE 19973 | May 26, 2011 | Full Service Brick and Mortar | |
| 73 | 522074 | Milford Branch | 688 North Dupont Boulevard, Milford, DE 19963 | April 14, 2011 | Full Service Brick and Mortar | |
| 75 | 522194 | Cash Connect Branch | 500 Creek View Road Suite 100, Newark, DE 19711 | June 21, 2011 | Limited Service Administrative | |
| 1 Nevada Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 68 | 465245 | Las Vegas Wealth Management Office | 101 Convention Center Drive, Suite P109, Las Vegas, NV 89109 | September 01, 2005 | Limited Service Trust | |
| 6 Pennsylvania Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 30 | 242937 | Glen Mills Branch | 395 Wilmington-West Chester Pike, Glen Mills, PA 19342 | March 18, 1998 | Full Service Brick and Mortar | |
| 43 | 432686 | Longwood Branch | 826 East Baltimore Pike Suite # 7, Kennett Square, PA 19348 | November 15, 2000 | Full Service Brick and Mortar | |
| 64 | 495438 | Oxford Branch | 59 South Third Street, Suite 1, Oxford, PA 19363 | August 01, 2008 | Full Service Brick and Mortar | |
| 70 | 522071 | Media Branch | 100 East State Street, Media, PA 19063 | June 24, 2011 | Full Service Brick and Mortar | |
| 71 | 522072 | Edgmont Branch | 5000 West Chester Pike, Newtown Square, PA 19073 | June 17, 2011 | Full Service Brick and Mortar | |
| 74 | 522075 | West Chester Branch | 400 East Market Street, West Chester, PA 19382 | November 19, 2010 | Full Service Brick and Mortar | |
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