1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

The Bancorp Bank

The Bancorp Bank Locations
409 Silverside Road
Wilmington, DE 19809
www.thebancorp.com

The Bancorp Bank is headquartered in Wilmington and is the 11st largest bank in the state of Delaware. It is also the 195th largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 458 employees at 1 location. The Bancorp Bank has a 4-star health rating.

The Bancorp Bank Routing Number: 031101279


Data for Q1 2012


Institution Statistics


The Bancorp Bank
FDIC Certificate #35444
BankRate ReportView
Year Established2000
Employees458
Primary RegulatorFDIC

Assets and Liabilities

Assets$4.10 billion
Loans$1.72 billion
Deposits$3.82 billion
Equity Capital$242.86 million
Loan Loss Allowance$31.50 million
Unbacked Noncurrent Loans$24.60 million
Real Estate Owned$7.73 million

Historic Data - March 2011

Assets$2.83 billion
Equity Capital$192.58 million
Loan Loss Allowance$25.80 million
Unbacked Noncurrent Loans$17.07 million
Real Estate Owned$3.38 million

Profit Margin - Quarterly

Net Interest Margin2.57%
Return on Assets0.46%
Return on Equity7.34%
Interest Income$23.88 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 The Bancorp Bank had $32.32 million in non-current loans and owned real-estate with $274.36 million in equity and loan loss allowances on hand to cover it. This gives The Bancorp Bank a Texas Ratio of 11.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for The Bancorp Bank held steady from 9.34% as of March 31, 2011 to 11.78% as of March 31, 2012, resulting in a negative change of 26.19%. This indicates that the balance sheet and financial strength for The Bancorp Bank has held steady in recent periods.
Deposit Growth5
In the past year, The Bancorp Bank has increased its total deposits by $1.21 billion, resulting in 46.52% 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 The Bancorp Bank has shown is excellent.
Capitalization2
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. The Bancorp Bank has $4.1 billion in assets with $274.36 million in equity, resulting in a capitalization level of 6.69%, which is below average.
Write Review

Frustrated With Bancorp!
1 stars - JMarie - Friday, November 18, 2011 - 6:21 AM

I have a checking account through Bancorp that was given to me from the university I was attending. I had it for about a year without any problems (mainly because I didn't use it). I decided to make the account one of my primary checking accounts and that has turned out to be a big mistake. The bank goes offline and I have no access to my funds. I tried both debit and credit transactions and both were declined. It is becoming a frequent problem and I never know when it will happen. I was at 7/11 the second time it happened and had to put my items back (and yes, I had plenty of funds). As of now, my account is not being recognized via pc or their automated system. I am so frustrated. I am going to report this and promptly switch banks. This bank proves to be unpredictable!

 

 

3

Bancorp Bank Tries To Make You Pay For Their Mistakes.
1 stars - jkorn - Monday, November 14, 2011 - 12:40 PM

After attempting to cash out my IRA, I was wrongly mislead over a dozen times, received someone else's information via email and lied to several more times.  When I wanted them to fix their mistake - they wanted me to pay for it.  

How do I know they haven't sent my information to other people?  How do I know they actually keep my confidential information private?  In two words:  they don't.

3
 
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