First Bank of Delaware reported unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net interest income of $2,841,000, net Income of $314,000 or $0.03 per diluted share, return on average assets of 0.96 %, return on average equity of 3.00%, book value per share of $3.63 compared to net interest income of $2,503,000, net Income of $492,000 or $0.04 per diluted share, return on average assets of 1.60 %, return on average equity of 4.99%, book value per share of $3.46 over the same period last year. For the full year, the company reported net interest income of $9,403,000, net Income of $1,498,000 or $0.13 per diluted share, return on average assets of 1.6 %, return on average equity of 3.68%, book value per share of $3.63 compared to net interest income of $10,359,000, net Income of $5,055,000 or $0.44 per diluted share, return on average assets of 6.13%, return on average equity of 27.55%, book value per share of $3.46 over the same period last year.

First Bank of Delaware reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. The bank reported third quarter 2009 earnings of $483,000 or $0.04 per diluted share, compared to $925,000 or $0.08 per diluted share for the comparable prior year period. Earnings decreased by $442,000 in the third quarter 2009 from the prior year comparable period. For the quarter, the bank reported net interest income of $2.3 million compared to net interest income of $2.5 million a year ago. For the nine months, the bank reported net interest income of $6.5 million compared to net interest income of $7.8 million a year ago. Earnings per diluted share for the nine month period ended September 30, 2009 were $1,184,000 or $0.10 per share compared to $4,563,000 or $0.40 per share for the comparable prior year period.

First Bank of Delaware reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, net interest income was $2,061,000 against $2,610,000 a year ago. Net income was $237,000 or $0.02 per diluted share against $1,364,000 or $0.12 per diluted share a year ago. Return on average assets was $0.82% against $4.55% a year ago. Return on average equity was $2.37% against $14.60% a year ago. Book value per share was $3.56 against $3.32 a year ago. The reduction in earnings reflected lower consumer loan and credit card volumes and reduced utilization of third party marketers. For the six months, net interest income was $4,238,000 against $5,340,000 a year ago. Net income was $701,000 or $0.06 per diluted share against $3,638,000 or $0.32 per diluted share a year ago. Return on average assets was $1.22% against $6.01% a year ago. Return on average equity was $3.52% against $20.19% a year ago.

First Bank of Delaware Reports Fourth Quarter and 2009 Annual Earnings

First Bank of Delaware Reports Fourth Quarter and 2009 Annual Net Income

First Bank of Delaware Reports Fourth Quarter and 2009 Annual Net Income

First Bank of Delaware Reports Fourth Quarter and 2009 Annual Earnings

First Bank of Delaware Reports Third Quarter Earnings