First Bank of Delaware

First Bank of Delaware is headquartered in Wilmington and is the 21^st largest bank in the state of Delaware. It is also the 2,657^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 31 employees at 2 locations. First Bank of Delaware's money market rates are 2X the national average, and it has a 4-star health rating.

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Data for Q1 2012

Institution Statistics First Bank of Delaware FDIC Certificate # 34929 BankRate Report View Year Established 1999 Employees 31 Primary Regulator FDIC Assets and Liabilities Assets $242.66 million Loans $107.10 million Deposits $154.80 million Equity Capital $44.96 million Loan Loss Allowance $2.21 million Unbacked Noncurrent Loans $427,000 Historic Data - March 2011 Assets $229.85 million Equity Capital $46.48 million Loan Loss Allowance $2.22 million Unbacked Noncurrent Loans $32,000 Real Estate Owned $338,000 Profit Margin - Quarterly Net Interest Margin 2.49% Return on Assets -1.67% Return on Equity -9.17% Interest Income $1.81 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Bank of Delaware had $427,000 in non-current loans and owned real-estate with $47.18 million in equity and loan loss allowances on hand to cover it. This gives First Bank of Delaware a Texas Ratio of 0.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank of Delaware held steady from 0.76% as of March 31, 2011 to 0.91% as of March 31, 2012, resulting in a negative change of 19.13%. This indicates that the balance sheet and financial strength for First Bank of Delaware has held steady in recent periods. Deposit Growth In the past year, First Bank of Delaware has decreased its total deposits by -$24.39 million, resulting in -13.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank of Delaware has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank of Delaware has $242.66 million in assets with $47.18 million in equity, resulting in a capitalization level of 19.44%, which is excellent.

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