Wilmington Trust of Pennsylvania in Villanova, Pennsylvania (PA)



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Wilmington Trust of Pennsylvania
GeneralFDIC Certificate #: 26690
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wilmington Trust, National Association (#33911)
Federal Reserve ID: 551315
Date Established: June 09, 1986
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Interstate: No)
FDIC's unique #: 35719
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: June 09, 1986
Last Structure Change Effective Date: November 01, 2008
Last Structure Change Process Date: November 07, 2008
Last Data Update: November 07, 2008
Data Source Date: April 05, 2012
LocationAddress: 795 East Lancaster Avenue, Suite 6, Villanova, PA 19085
County: Delaware
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Philadelphia
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
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: Philadelphia, PA (#37964)
Financial SummaryTotal assets: $1,305.2 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)94
Total assets$1,189,816
Cash and due from depository institutions$46,164
Interest-bearing balances$0
Securities$433,163
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$678,988
Loan loss allowance $8,050
Trading account assets$0
Bank premises and fixed assets$5,087
Other real estate owned$0
Goodwill and other intangibles$3,971
All other assets$22,443
Life insurance assets$0
Total liabilities and capital$1,189,816
Total liabilities$1,077,844
Total deposits$266,442
Interest-bearing deposits$113,959
Deposits held in domestic offices$266,442
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $455,872
Trading liabilities$0
Other borrowed funds $325,000
Subordinated debt $0
All other liabilities $30,530
Total equity capital$111,972
Total bank equity capital$111,972
Perpetual preferred stock$111,972
Common stock$0
Surplus$2,499
Undivided profits $31,724
Memoranda
Noncurrent loans and leases $77,749
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $280,255
Income earned, not collected on loans $0
Earning assets $10,573
Long-term assets (5+ years) $166
Average Assets, year-to-date $7,690
Average Assets, quarterly $1,112,151
Volatile liabilities $267,108
Insider loans $1,180,684
FHLB advances $1,180,206
Loans and leases held for sale $496,159
Unused loan commitments $192
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $280,255
Restructured Loans and leases $0
Derivatives$8,050
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $70,785
Total interest expense $43,952
Net interest income $26,833
Provision for loan and lease losses $4,745
Total noninterest income $13,089
Fiduciary activities $10,417
Service charges on deposit accounts $1,734
Trading account gains & fees $0
Additional noninterest income $938
Total noninterest expense $25,345
Salaries and employee benefits $12,758
Premises and equipment expense $3,733
Additional noninterest expense $8,854
Pre-tax net operating income $9,832
Securities gains (losses) -$157
Applicable income taxes $3,368
Income before extraordinary items $6,307
Extraordinary gains - net $0
Net income attributable to bank $6,307
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3,374
Net operating income $0
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.43%
Cost of funding earning assets 3.99%
Net interest margin 2.44%
Noninterest income to earning assets 1.19%
Noninterest expense to earning assets 2.30%
Net operating income to assets 0.54%
Return on assets (ROA) 0.53%
Pretax return on assets 0.82%
Return on equity (ROE) 5.98%
Retained earnings to average equity (YTD only) 5.98%
Net charge-offs to loans 0.51%
Credit loss provision to net charge-offs 140.63%
Efficiency ratio4.32%
Assets per employee$63,321
Cash dividends to net income (YTD only)12.66%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 76.14%
Noncurrent loans to loans 0.89%
Net loans and leases to deposits1.54%
Net loans and leases to core deposits 254.84%
Equity capital to assets 300.23%
Core capital (leverage) ratio 9.41%
Tier 1 risk-based capital ratio 8.60%
Total risk-based capital ratio 12.80%
Memoranda
Average assets$14
Average earning assets$1,180,684
Average equity $105,393
Average loans $1,101,305
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Total Fiduciary and Related Assets (December 31, 2007)
(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$2,141,981
Number of Accounts1
Personal trust and agency accounts$1,964,428
Employee benefit-defined contribution accounts$459,779
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,973
Corporate trust and agency accounts$65,234
Investment management agency accounts$0
Other fiduciary accounts$1,433,677
Fiduciary accounts held in foreign offices$0
Non-managed Assets$3,765
Number of Accounts1370
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$177,553
Corporate trust and agency accounts$165,290
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$12,263
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