There are a total of 41 banks currently operating in the state of Delaware that are also insured by the federal deposit insurance corporation. Of this amount, 20 of these banks are headquartered in the state and therefore can be considered Delaware-based banks. Banks operating within the state had in total $1,182 billion of assets, $975 billion of deposits and $586 billion of loans outstanding as of this writing. Banks in Delaware state currently employ a total of 101,750 people within the state. This amounts to 10.4% of the overall population of the state. In addition, residential mortgages made up 8% of the assets managed by banks operating within the state.

Density of Banks in Delaware

Banks in Delaware currently have a total of 255 branches located within the state. This equates to 2.6 branches per 10,000 people in Delaware.  If we take the data on the banks in Delaware and compare it with the banks operating in other states, we find that on this metric, banks in Delaware rank 30th out of the 52 states and territories. This is ranked in order of most to least branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Delaware had on average 13.1 branches per 100 square miles. As a result, Delaware ranks 7th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Delaware

performance-of-banks-in-Delaware

  • Net Interest Margin – banks in this state are on average above the national average on this metric. In total the net interest margin for the banks in Delaware is ranked 22nd out of the 52 states and main territories in the country.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Delaware is ranked 17th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Delaware is ranked 23rd out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Delaware are ranked 39th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average worse than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Delaware are ranked 38th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in Delaware

deposit-market-share-of-banks-in-Delaware

Based on the latest available data, Capital One is the largest bank operating in Delaware based on its deposit share. Capital One currently has a 36% share of deposits within the state. Below is summary information on the top 5 largest banks in Delaware.

Capital One

Capital One currently has the largest share of deposits within the state and has $171.7 billion of deposits. In addition to this the bank also has 1 office within the state, which represents 0% of its total domestic offices.

Main Office Address: 1680 Capital 1 Dr. Mclean, VA 22102

Website: www.capitalone.com

TD Bank

TD Bank currently has the second largest share of deposits within the state and has $136.4 billion of deposits. The bank also has 11 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 2035 Limestone Rd. Wilmington, DE 19808

Website: www.td.com/us/en/personal-banking/

Discover Bank

Discover Bank currently has the third largest share of deposits within the state and has $77.3 billion of deposits. The bank also has 2 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 502 E Market St Greenwood, DE 19950

Website: www.discover.com

TD Bank USA

TD Bank USA currently has the fourth largest share of deposits within the state and has $24.3 billion of deposits. Further, the bank also has 1 office within the state, which represents 100% of its total domestic offices.

Main Office Address: 2035 Limestone Rd. Wilmington, DE 19808

Website: www.td.com/us/en/personal-banking/

Barclays Bank Delaware

Barclays Bank Delaware currently has the fifth largest share of deposits within the state and has $21.1 billion of deposits. In addition, the bank also has 1 office within the state, which represents 100% of its total domestic offices.

Main Office Address: 125 S. West St. Wilmington, DE 19801

Website: www.barclaysus.com/deposits