Bank of Southern Maryland in La Plata, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 2004

  • Bank of Southern Maryland in La Plata, Maryland (MD)
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Bank of Southern Maryland - Overview

  • General
  • FDIC Certificate #: 5863
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Southern Maryland Bank (#18933)
    Federal Reserve ID: 835323
    Date Established: August 25, 1906
    WWW: http://www.bankofsouthernmd.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 4006
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 28, 2004
    Last Structure Change Process Date: August 27, 2004
    Last Data Update: August 27, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 304 Charles Street, La Plata, MD 20646
    County: Charles
    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): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $241.6 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, 2003)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $241,441Total assets
  • $6,465Cash and due from depository institutions
  • $0Interest-bearing balances
  • $109,666Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $120,735Net loans & leases
  • $2,156Loan loss allowance
  • $0Trading account assets
  • $1,662Bank premises and fixed assets
  • $64Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,849All other assets
  • $241,441Total liabilities and capital
  • $218,024Total liabilities
  • $196,464Total deposits
  • $147,183Interest-bearing deposits
  • $196,464Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,582Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,300Subordinated debt
  • $678All other liabilities
  • $23,417Total equity capital
  • $23,417Total bank equity capital
  • $23,417Perpetual preferred stock
  • $0Common stock
  • $720Surplus
  • $4,880Undivided profits
  • Memoranda
  • $17,817Noncurrent loans and leases
  • $65,947Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,613Average Assets, year-to-date
  • $230,401Average Assets, quarterly
  • $45,155Volatile liabilities
  • $233,685Insider loans
  • $237,381FHLB advances
  • $18,065Loans and leases held for sale
  • $3,395Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $65,947Total unused commitments
  • $0Restructured Loans and leases
  • $12,828Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $12,309Total interest income
  • $1,784Total interest expense
  • $10,525Net interest income
  • -$650Provision for loan and lease losses
  • $2,080Total noninterest income
  • $0Fiduciary activities
  • $916Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,164Additional noninterest income
  • $4,490Total noninterest expense
  • $2,602Salaries and employee benefits
  • $337Premises and equipment expense
  • $1,551Additional noninterest expense
  • $8,765Pre-tax net operating income
  • $78Securities gains (losses)
  • $3,048Applicable income taxes
  • $5,795Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,795Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $37Sale, conversion, retirement of capital stock, net
  • $15,085Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 2.46%Net operating income to assets
  • 2.48%Return on assets (ROA)
  • 3.78%Pretax return on assets
  • 19.26%Return on equity (ROE)
  • -30.88%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • -1756.76%Credit loss provision to net charge-offs
  • 219.32%Efficiency ratio
  • 35,621Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 260.31%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 61.45%Net loans and leases to core deposits
  • 64.23%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 16.29%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $233,685Average earning assets
  • $30,087Average equity
  • $223,744Average loans

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