The Bank of Delmarva

Report generated from DepositInsuredBanks.com
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Overview

FDIC Cert 8810
Address
910 Norman Eskridge Highway, Seaford, DE 19973
FDIC Unique Number 5613
Federal Reserve ID 885225
Federal Reserve ID for Bank Holding Company 1249918
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA
County Sussex
Website https://www.bankofdelmarva.com
Established On 12/14/1896
Insured On 01/01/1934
Holding Company Delmar Bancorp
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 13
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Financial Snapshot

USD, Thousands
Total Assets 483,302
Total Deposits 407,435
Domestic Deposits 407,435
Bank Equity Capital 47,919
Year to Date Quarterly
Net Income USD, 000 3,002 1,033
Return on Assets 0.86% 0.87%
Return on Equity 8.65% 8.73%
Pre-Tax Return on Assets 1.37% 1.38%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

The Bank of Delmarva has a texas ratio of 15.09 which puts it at low risk. As of 09/30/2015 the bank had $4,472 Non Current Loans and Leases, $3,922 Other Real Estate Owned, $47,919 Total Equity Capital and $7,696 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $4,472 $3,922 $47,919 $7,696 15.09
06/30/2015 $4,182 $3,623 $46,713 $7,755 14.33
03/31/2015 $6,286 $3,174 $45,789 $7,830 17.64
12/31/2014 $6,114 $3,723 $44,635 $8,185 18.62
09/30/2014 $7,755 $4,284 $43,838 $8,264 23.11
06/30/2014 $6,258 $4,288 $43,100 $8,150 20.58
03/31/2014 $6,450 $4,366 $42,044 $8,192 21.53
12/31/2013 $6,693 $3,164 $40,526 $8,297 20.19
09/30/2013 $9,945 $2,152 $38,209 $6,760 26.9
06/30/2013 $11,795 $1,749 $38,089 $7,028 30.02
03/31/2013 $11,757 $1,843 $38,465 $6,768 30.07
12/31/2012 $12,776 $1,864 $38,342 $6,734 32.48
09/30/2012 $14,418 $1,794 $38,280 $6,604 36.12
06/30/2012 $12,817 $1,747 $38,005 $6,339 32.84
03/31/2012 $14,270 $1,851 $37,684 $7,095 36
12/31/2011 $16,476 $2,870 $37,444 $7,287 43.25
09/30/2011 $29,712 $3,201 $39,544 $6,029 72.22
06/30/2011 $11,922 $3,258 $40,359 $5,277 33.26
03/31/2011 $13,532 $2,222 $39,920 $5,522 34.67
12/31/2010 $15,315 $2,066 $39,930 $5,557 38.21
09/30/2010 $14,643 $1,965 $40,643 $5,080 36.32
06/30/2010 $14,793 $1,687 $40,751 $5,342 35.75
03/31/2010 $13,013 $1,565 $40,660 $5,044 31.9
12/31/2009 $8,049 $912 $40,469 $5,023 19.7
09/30/2009 $7,783 $903 $31,550 $5,002 23.76
06/30/2009 $6,243 $538 $30,866 $4,808 19.01
03/31/2009 $6,651 $502 $30,766 $4,997 20

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 114 112 112 110 112 Chart
Total Assets 483,302 469,420 458,404 447,797 441,582 Chart
Cash & Balances due from depository institutions 26,574 23,766 23,803 14,225 17,409 Chart
Interest-bearing balances 13,852 10,891 11,665 5,684 4,782 Chart
Securities 31,921 32,382 33,374 33,747 34,704 Chart
Federal funds sold and reverse repurchase 10,318 4,182 1,231 1,385 5,599 Chart
Net loans and leases 395,870 389,892 381,181 378,067 361,700 Chart
Loan loss allowance 7,696 7,755 7,830 8,185 8,264 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 7,198 7,253 7,289 7,375 7,358 Chart
Other real estate owned 3,922 3,623 3,174 3,723 4,284 Chart
Goodwill and other intangibles 0 13 26 39 51 Chart
All other assets 7,499 8,309 8,326 9,236 10,477 Chart
Total Liabilities and Capital 483,302 469,420 458,404 447,797 441,581 Chart
Total Liabilities 435,383 422,707 412,615 403,162 397,743 Chart
Total deposits 407,435 394,702 394,414 379,196 378,125 Chart
Interest-bearing deposits 275,869 272,546 273,355 259,035 261,092 Chart
Deposits held in domestic offices 407,435 394,702 394,414 379,196 378,125 Chart
% insured (estimated) 91% 92% 92% 91% 92% Chart
Federal funds purchased and repurchase agreements 2,056 2,404 2,559 1,840 2,793 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 25,000 25,000 15,000 21,500 15,000 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 892 601 642 626 1,825 Chart
Total equity capital 47,919 46,713 45,789 44,635 43,838 Chart
Bank equity capital 47,919 46,713 45,789 44,635 43,838 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 2,013 2,013 2,013 2,013 2,013 Chart
Surplus 18,743 18,668 18,598 18,531 18,530 Chart
Undivided profits 27,163 26,032 25,178 24,091 23,295 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 4,472 4,182 6,286 6,114 7,755 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 1,255 1,318 1,352 1,301 1,157 Chart
Earning assets 451,961 437,347 427,451 418,883 406,785 Chart
Long-term assets (5+ years) 99,142 105,165 104,119 109,357 94,398 Chart
Average total assets 464,731 458,540 453,101 431,706 427,684 Chart
Average assets, quarterly 476,361 463,912 453,101 444,690 434,831 Chart
Total risk weighted assets adjusted 393,847 385,743 376,865 363,058 353,772 Chart
Adjusted average assets for leverage capital purposes 480,667 465,259 449,643 443,567 432,396 Chart
Life insurance assets 0 0 0 0 0 Chart
General account life insurance assets 0 0 0 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 10,217 9,790 9,675 15,186 10,393 Chart
Insider loans 9,786 9,857 9,929 9,922 9,393 Chart
FHLB advances 25,000 25,000 15,000 21,500 15,000 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 64,773 61,160 57,651 54,479 56,962 Chart
Tier one (core) capital 47,399 45,761 44,072 42,578 40,227 Chart
Tier 2 Risk-based capital 4,959 4,867 4,751 4,585 4,471 Chart
Total unused commitments 64,773 61,160 57,651 54,479 56,962 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 14,987 9,847 4,875 18,543 13,663 Chart
Total interest expense 2,017 1,314 638 2,197 1,627 Chart
Net interest income 12,970 8,533 4,237 16,346 12,036 Chart
Provision for loan and lease losses 450 300 150 1,400 1,250 Chart
Total noninterest income 2,065 1,384 688 2,207 1,929 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 1,058 697 337 1,530 1,125 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 1,007 687 351 677 804 Chart
Total noninterest expense 9,807 6,486 3,299 13,122 9,696 Chart
Salaries and employee benefits 5,316 3,507 1,740 6,603 4,834 Chart
Premises and equipment expense 1,446 968 501 1,840 1,382 Chart
Additional noninterest expense 3,045 2,011 1,058 4,679 3,480 Chart
Pre-tax net operating income 4,778 3,131 1,476 4,031 3,019 Chart
Securities gains (losses) 3 3 2 1,668 1,668 Chart
Applicable income taxes 1,779 1,165 547 2,058 1,746 Chart
Income before extraordinary items 3,002 1,969 931 3,641 2,941 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 3,002 1,969 931 3,641 2,941 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 3,002 1,969 931 3,641 2,941 Chart
Net charge-offs 939 730 506 1,511 1,283 Chart
Cash dividends 0 0 0 0 0 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 3,000 1,967 930 2,573 1,873 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 31,921 32,382 33,374 33,747 34,704 Chart
U.S. Government securities 19,504 20,027 20,835 21,252 21,713 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 19,504 20,027 20,835 21,252 21,713 Chart
Securities issued by states & political subdivisions 10,959 10,888 11,076 11,533 12,033 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 1,458 1,467 1,463 962 958 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 12,089 12,085 12,327 12,657 12,887 Chart
Mortgage-backed securities 11,084 11,669 12,454 12,979 13,497 Chart
Certificates of participation in pools of residential mortgages 4,637 4,869 5,183 5,423 5,615 Chart
Issued or guaranteed by U.S. 4,637 4,869 5,183 5,423 5,615 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 5,942 6,303 6,761 7,053 7,387 Chart
CMOs issued by government agencies or sponsored agencies 5,942 6,303 6,761 7,053 7,387 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 505 497 510 503 495 Chart
Commercial mortgage pass-through securities 505 497 510 503 495 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 31,921 32,382 33,374 33,747 34,704 Chart
Total debt securities 30,463 30,915 31,912 32,786 33,746 Chart
Structured Notes
Amortized cost 0 0 0 0 0 Chart
Fair value 0 0 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.61% 4.60% 4.61% 4.65% 4.63% Chart
Cost of funding earning assets 0.62% 0.61% 0.60% 0.55% 0.55% Chart
Net interest margin 3.99% 3.99% 4.01% 4.10% 4.08% Chart
Noninterest income to average assets 0.59% 0.60% 0.61% 0.51% 0.60% Chart
Noninterest expense to average assets 2.81% 2.83% 2.91% 3.04% 3.02% Chart
Loan and lease loss provision to assets 0.13% 0.13% 0.13% 0.32% 0.39% Chart
Net operating income to assets 0.86% 0.86% 0.82% 0.60% 0.58% Chart
Return on assets (ROA) 0.86% 0.86% 0.82% 0.84% 0.92% Chart
Pretax return on assets 1.37% 1.37% 1.30% 1.32% 1.46% Chart
Return on Equity (ROE) 8.65% 8.61% 8.24% 8.50% 9.25% Chart
Retained earnings to average equity (YTD only) 8.65% 8.61% 8.24% 8.50% 9.25% Chart
Net charge-offs to loans 0.32% 0.37% 0.52% 0.42% 0.48% Chart
Credit loss provision to net charge-offs 47.92% 41.10% 29.64% 92.65% 97.43% Chart
Earnings coverage of net charge-offs (x) 5.57% 4.70% 3.21% 3.59% 3.33% Chart
Efficiency ratio 64.97% 65.14% 66.72% 70.45% 69.15% Chart
Assets per employee ($millions) 4.24% 4.19% 4.09% 4.07% 3.94% Chart
Cash dividends to net income (YTD only) 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Condition Ratios (%)
Loss allowance to loans 1.91% 1.95% 2.01% 2.12% 2.23% Chart
Loan loss allowance to noncurrent loans 172.09% 185.44% 124.56% 133.87% 106.56% Chart
Noncurrent assets plus other real estate owned to assets 1.74% 1.66% 2.06% 2.20% 2.73% Chart
Noncurrent loans to loans 1.11% 1.05% 1.62% 1.58% 2.10% Chart
Net loans and leases to total assets 81.91% 83.06% 83.15% 84.43% 81.91% Chart
Net loans and leases to deposits 97.16% 98.78% 96.64% 99.70% 95.66% Chart
Net loans and leases to core deposits 108.38% 110.35% 107.88% 108.51% 104.36% Chart
Total domestic deposits to total assets 84.30% 84.08% 86.04% 84.68% 85.63% Chart
Equity capital to assets 9.91% 9.95% 9.99% 9.97% 9.93% Chart
Core capital (leverage) ratio 9.86% 9.84% 9.80% 9.60% 9.30% Chart
Tier 1 risk-based capital ratio 12.03% 11.86% 11.69% 11.73% 11.37% Chart
Total risk-based capital ratio 13.29% 13.12% 12.96% 12.96% 12.63% Chart
Memoranda
Average total assets 464,731 458,540 453,101 431,706 427,684 Chart
Average earning assets 433,911 427,894 423,167 398,700 393,654 Chart
Average equity 46,264 45,712 45,212 42,829 42,377 Chart
Average loans 394,119 390,970 387,632 362,843 356,991 Chart