FDIC Certificate #: 4856 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BLC Bank N. A. (#7768) Federal Reserve ID: 56726 Date Established: December 04, 1903 WWW:http://www.bayfirstbank.net Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 13451 FDIC's unique #: 3234 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 25, 2007 Last Structure Change Process Date: June 06, 2007 Last Data Update: June 06, 2007 Data Source Date: April 05, 2012
Location
Address: 14 South Main Street, North East, MD 21901 County: Cecil 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): Wilmington-Newark, DE-MD (#9160) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
Financial Summary
Total assets: $250.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
55Total employees (full-time equivalent)
$255,821Total assets
$11,393Cash and due from depository institutions
$2,227Interest-bearing balances
$28,163Securities
$46,615Federal funds sold & reverse repurchase agreements
$145,712Net loans & leases
$1,391Loan loss allowance
$0Trading account assets
$3,750Bank premises and fixed assets
$0Other real estate owned
$15,799Goodwill and other intangibles
$938Life insurance assets
$4,389All other assets
$255,821Total liabilities and capital
$222,655Total liabilities
$219,958Total deposits
$198,453Interest-bearing deposits
$219,958Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,697All other liabilities
$33,166Total equity capital
$33,166Total bank equity capital
$33,166Perpetual preferred stock
$0Common stock
$372Surplus
$22,903Undivided profits
Memoranda
$9,891Noncurrent loans and leases
$39,299Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$275Earning assets
$0Long-term assets (5+ years)
$993Average Assets, year-to-date
$222,717Average Assets, quarterly
$53,754Volatile liabilities
$170,921Insider loans
$203,277FHLB advances
$52,548Loans and leases held for sale
$3,035Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$399Total risk weighted assets
$39,299Total unused commitments
$0Restructured Loans and leases
$1,407Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$9,728Total interest income
$4,275Total interest expense
$5,453Net interest income
$315Provision for loan and lease losses
$1,397Total noninterest income
$0Fiduciary activities
$775Service charges on deposit accounts
$0Trading account gains & fees
$622Additional noninterest income
$5,192Total noninterest expense
$1,990Salaries and employee benefits
$645Premises and equipment expense
$2,557Additional noninterest expense
$1,343Pre-tax net operating income
$0Securities gains (losses)
$507Applicable income taxes
$836Income before extraordinary items
$0Extraordinary gains - net
$836Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$170Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.13%Yield on earning assets
2.70%Cost of funding earning assets
3.44%Net interest margin
0.88%Noninterest income to earning assets
3.27%Noninterest expense to earning assets
0.49%Net operating income to assets
0.49%Return on assets (ROA)
0.79%Pretax return on assets
5.55%Return on equity (ROE)
5.55%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
185.29%Credit loss provision to net charge-offs
9.75%Efficiency ratio
75,796Assets per employee
4.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
505.82%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.19%Net loans and leases to deposits
66.25%Net loans and leases to core deposits
87.04%Equity capital to assets
12.96%Core capital (leverage) ratio
9.02%Tier 1 risk-based capital ratio
11.50%Total risk-based capital ratio
Memoranda
$12Average assets
$170,921Average earning assets
$15,070Average equity
$158,595Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bay First Bank. National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: