First Bank of Delaware May Face Regulatory Order

First Bank of Delaware said Monday that federal regulators may impose an enforcement action designed to improve "certain of the bank's credit card and lending programs."

The Wilmington bank said it was unclear what effect any enforcement action by the Federal Deposit Insurance Corp. would have on earnings.

First Bank of Delaware said its first-quarter earnings rose 93% from a year earlier, to $2.2 million.

Its loan-loss provision rose sixfold, to $800,000.

By late Monday afternoon shares of First Bank of Delaware had climbed 2% from Friday's close, to $2.55.