FDIC Certificate #: 34567 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Calvin B. Taylor Banking Company of Berlin, Maryland (#5874) Federal Reserve ID: 2604925 Date Established: May 22, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 59075 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: May 22, 1998 Last Structure Change Effective Date: September 26, 2002 Last Structure Change Process Date: October 29, 2002 Last Data Update: October 29, 2002 Data Source Date: April 05, 2012
Location
Address: 50 Atlantic Avenue, Ocean View, DE 19970 County: Sussex Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Claymont Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Core Based Statistical Area (CBSA): Seaford, DE (#42580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $14.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
7Total employees (full-time equivalent)
$12,004Total assets
$3,027Cash and due from depository institutions
$655Interest-bearing balances
$250Securities
$3,747Federal funds sold & reverse repurchase agreements
$4,850Net loans & leases
$66Loan loss allowance
$0Trading account assets
$86Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$44All other assets
$12,004Total liabilities and capital
$9,102Total liabilities
$9,066Total deposits
$7,962Interest-bearing deposits
$9,066Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$36All other liabilities
$2,902Total equity capital
$2,902Total bank equity capital
$2,902Perpetual preferred stock
$0Common stock
$2,500Surplus
$500Undivided profits
Memoranda
$-98Noncurrent loans and leases
$769Noncurrent 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)
$27Average Assets, year-to-date
$9,502Average Assets, quarterly
$2,163Volatile liabilities
$11,498Insider loans
$12,519FHLB advances
$524Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$769Total unused commitments
$0Restructured Loans and leases
$61Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$614Total interest income
$155Total interest expense
$459Net interest income
$10Provision for loan and lease losses
$53Total noninterest income
$0Fiduciary activities
$27Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$446Total noninterest expense
$222Salaries and employee benefits
$102Premises and equipment expense
$122Additional noninterest expense
$56Pre-tax net operating income
$0Securities gains (losses)
$21Applicable income taxes
$35Income before extraordinary items
$0Extraordinary gains - net
$35Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.61%Yield on earning assets
1.67%Cost of funding earning assets
4.94%Net interest margin
0.57%Noninterest income to earning assets
4.80%Noninterest expense to earning assets
0.30%Net operating income to assets
0.30%Return on assets (ROA)
0.49%Pretax return on assets
1.21%Return on equity (ROE)
1.21%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
87,109Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
53.50%Net loans and leases to core deposits
56.78%Equity capital to assets
24.18%Core capital (leverage) ratio
22.35%Tier 1 risk-based capital ratio
59.66%Total risk-based capital ratio
Memoranda
$61Average assets
$11,498Average earning assets
$2,890Average equity
$9,293Average loans
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