First Bank of Delaware

Headquarters

1000 Rocky Run Parkway
Wilmington, DE 19803
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Bank of Delaware is an FDIC insured institution located in Wilmington, DE. It was founded in 1999 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34929
Date Established 1999
Assets $ 177.99 million
Loans $ 95.21 million
Deposits $ 95.37 million
Capital $ 38.95 million
 

For a more detailed analysis of First Bank of Delaware's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank of Delaware

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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3.620% 3.500% 1.00 $3,750 $1,123 Learn More
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2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to First Bank of Delaware
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Branches

First Bank of Delaware branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Bank of Delaware Locations


Financial Details

First Bank of Delaware Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Delaware. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Bank of Delaware U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Bank of Delaware had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $38,951,000 in equity and $2,214,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Bank of Delaware U.S. Bank Average
-21.31% 7.80%

First Bank of Delaware has a Return on Equity of -21.31% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Bank of Delaware U.S. Bank Average
21.88% 12.68%

First Bank of Delaware has a Capitalization of 21.88% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Bank of Delaware Balance Sheet Analysis

As of September 30, 2012, First Bank of Delaware had assets of $177,986,000, loans of $95,212,000, and deposits of $95,368,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 95.21 million
Loan loss allowance $ 2.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 95.37 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 177.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Bank of Delaware’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Delaware, First Bank of Delaware has a significantly higher percent of Small Business Loans, Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.02
Multifamily
Mortgages
9.07
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 11.33
Construction and Development Loans 19.79
Commercial Real Estate 50.99
Commercial and Industrial Loans 8.44
Farm Loans 0.00

Frequently Asked Questions About First Bank Of Delaware

Branches and Savings

Is First Bank Of Delaware FDIC insured?

Yes. It is covered under FDIC Certificate #34929.

Why does First Bank Of Delaware pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Bank Of Delaware CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Bank Of Delaware a commercial bank?

Yes

Where are First Bank Of Delaware locations?

See branch locations nearby.

Is First Bank Of Delaware open on Saturdays?

Is First Bank Of Delaware open on Sundays?

What time does First Bank Of Delaware open?

What time does First Bank Of Delaware close?

Are First Bank Of Delaware ATMs Open 24/7?

Do First Bank Of Delaware ATMs accept cash deposits?

Can First Bank Of Delaware customers use other ATMs?

Do First Bank Of Delaware branches have notaries?

Will First Bank Of Delaware notarize my document?

What address for First Bank Of Delaware should I put for incoming ACH transfers?

Will the First Bank Of Delaware branch print checks?

Do First Bank Of Delaware checks expire?

Does First Bank Of Delaware require US citizenship to open account?

Can First Bank Of Delaware close my account?

Does First Bank Of Delaware Report to credit bureaus?

Does First Bank Of Delaware Use Equifax?

What is First Bank Of Delaware's ACH Routing Number?

What is First Bank Of Delaware's SWIFT code?

Products

Does First Bank Of Delaware offer mortgages?

Compare mortgage rates here.

Does First Bank Of Delaware offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of Delaware offer personal loans?

Compare personal loan rates here.

Does First Bank Of Delaware offer student loans?

Will First Bank Of Delaware cash a check?

Will First Bank Of Delaware redeem a savings bond?

Does First Bank Of Delaware cash savings bonds?

Will First Bank Of Delaware cash money orders?

Can First Bank Of Delaware issue a money order?

Does First Bank Of Delaware do currency exchange?

Background on The Bank

Who owns First Bank Of Delaware?

How long has First Bank Of Delaware been around?

Can First Bank Of Delaware transfer to other banks?

Does First Bank Of Delaware have quick pay?

Does First Bank Of Delaware accept rolled coins?

Will First Bank Of Delaware accept loose change?

Where is First Bank Of Delaware headquarters?

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