Arundel Federal Savings Bank in Glen Burnie, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Arundel Federal Savings Bank in Glen Burnie, Maryland (MD)
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Arundel Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28780
    Status: Active
    Federal Reserve ID: 390372
    Date Established: January 01, 1906
    WWW: http://www.arundelfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 2349
    FDIC's unique #: 41614
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 31, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 655 Crain Highway, S, Glen Burnie, MD 21061
    County: Anne Arundel
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $490.8 mil
    Equity capital: $55.4 mil
    Deposits held in domestic offices: $428.1 mil
    Return on assets (ROA): 0.57% ($2.8 mil)
    Quarterly return on assets: 0.59% ($2.9 mil)
    Return on Equity (ROE): 5.22% ($2.9 mil)
    Quarterly return on equity: 5.27% ($2.9 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.94% ($4,613.3 mil)
    Quarterly Pretax return on assets: 0.97% ($4,760.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $490,777Total assets
  • $7,234Cash and due from depository institutions
  • $4,955Interest-bearing balances
  • $185,770Securities
  • $8,500Federal funds sold & reverse repurchase agreements
  • $279,436Net loans & leases
  • $516Loan loss allowance
  • $0Trading account assets
  • $5,118Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $490,776Life insurance assets
  • $4,719All other assets
  • $435,403Total liabilities and capital
  • $428,057Total liabilities
  • $422,911Total deposits
  • $428,057Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $2,346Subordinated debt
  • $55,373All other liabilities
  • $55,373Total equity capital
  • $55,373Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $55,373Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,300Income earned, not collected on loans
  • $0Earning assets
  • $1,478Long-term assets (5+ years)
  • $478,661Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $491,956Volatile liabilities
  • $491,156Insider loans
  • $195,646FHLB advances
  • $489,868Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $54,462Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,876Restructured Loans and leases
  • $704Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,668Total interest income
  • $7,718Total interest expense
  • $12,950Net interest income
  • $60Provision for loan and lease losses
  • $380Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $380Additional noninterest income
  • $8,638Total noninterest expense
  • $5,439Salaries and employee benefits
  • $1,605Premises and equipment expense
  • $1,594Additional noninterest expense
  • $4,632Pre-tax net operating income
  • -$15Securities gains (losses)
  • $1,804Applicable income taxes
  • $2,813Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,813Net income attributable to bank
  • $0Net charge-offs
  • $2,813Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.80%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 5.22%Return on equity (ROE)
  • 5.22%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 230.77%Credit loss provision to net charge-offs
  • 180.46%Efficiency ratio
  • 64,801Assets per employee
  • 6.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.18%Loss allowance to noncurrent loans
  • 22.43%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 65.28%Net loans and leases to core deposits
  • 67.28%Equity capital to assets
  • 11.28%Core capital (leverage) ratio
  • 11.12%Tier 1 risk-based capital ratio
  • 27.84%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $491,956Average earning assets
  • $53,936Average equity
  • $478,830Average loans

List of branches

  • 7 Maryland Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041614Arundel Federal Savings Bank655 Crain Highway, S, Glen Burnie, MD 21061January 01, 1906Full Service Brick and Mortar
    1270500655 Crain Highway S Branch655 Crain Highway S, Glen Burnie, MD 21061January 01, 1906Full Service Brick and Mortar
    1002705012661 Riva Road Branch2661 Riva Road, Annapolis, MD 21401June 30, 1986Full Service Brick and Mortar
    103268746Mountain Road Branch4179 Mountain Rd, Pasadena, MD 21122January 01, 1905Full Service Brick and Mortar
    104270502Severna Park Branch598 Benfield Rd, Severna Park, MD 21146July 27, 1998Full Service Brick and Mortar
    105441461Gambrills Branch1049 Md Rte 3 North, Gambrills, MD 21054April 30, 2001Full Service Brick and Mortar
    106520282Brooklyn Branch333 E Patapsco Ave, Baltimore, MD 21225June 30, 1950Full Service Brick and Mortar

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