County National Bank in Glen Burnie, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2007

  • County National Bank in Glen Burnie, Maryland (MD)
  • Show street view No street view available for this location

County National Bank - Overview

  • General
  • FDIC Certificate #: 34286
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sandy Spring Bank (#4865)
    Federal Reserve ID: 2508359
    Date Established: December 19, 1996
    WWW: http://www.countynational.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 15577
    FDIC's unique #: 57045
    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: December 19, 1996
    Last Structure Change Effective Date: June 01, 2007
    Last Structure Change Process Date: July 17, 2007
    Last Data Update: July 17, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 7405 Ritchie Highway, Glen Burnie, MD 21060
    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)
  • Financial Summary
  • Total assets: $158.3 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
  • 44Total employees (full-time equivalent)
  • $154,599Total assets
  • $5,688Cash and due from depository institutions
  • $1,891Interest-bearing balances
  • $24,020Securities
  • $23,613Federal funds sold & reverse repurchase agreements
  • $92,944Net loans & leases
  • $1,010Loan loss allowance
  • $0Trading account assets
  • $3,685Bank premises and fixed assets
  • $0Other real estate owned
  • $15Goodwill and other intangibles
  • $2,698Life insurance assets
  • $4,634All other assets
  • $154,599Total liabilities and capital
  • $141,436Total liabilities
  • $140,321Total deposits
  • $100,716Interest-bearing deposits
  • $140,321Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $291Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $824All other liabilities
  • $13,163Total equity capital
  • $13,163Total bank equity capital
  • $13,163Perpetual preferred stock
  • $0Common stock
  • $4,200Surplus
  • $5,200Undivided profits
  • Memoranda
  • $3,763Noncurrent loans and leases
  • $12,226Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $40Earning assets
  • $0Long-term assets (5+ years)
  • $585Average Assets, year-to-date
  • $142,468Average Assets, quarterly
  • $7,525Volatile liabilities
  • $145,892Insider loans
  • $149,802FHLB advances
  • $15,551Loans and leases held for sale
  • $6,737Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,226Total unused commitments
  • $0Restructured Loans and leases
  • $1,010Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $8,597Total interest income
  • $2,843Total interest expense
  • $5,754Net interest income
  • $163Provision for loan and lease losses
  • $1,327Total noninterest income
  • $0Fiduciary activities
  • $772Service charges on deposit accounts
  • $0Trading account gains & fees
  • $555Additional noninterest income
  • $4,749Total noninterest expense
  • $2,590Salaries and employee benefits
  • $780Premises and equipment expense
  • $1,379Additional noninterest expense
  • $2,169Pre-tax net operating income
  • $0Securities gains (losses)
  • $758Applicable income taxes
  • $1,411Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,411Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.45%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 11.41%Return on equity (ROE)
  • 11.41%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 958.82%Credit loss provision to net charge-offs
  • 137.18%Efficiency ratio
  • 67,067Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 2525.00%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 66.24%Net loans and leases to core deposits
  • 74.32%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 13.18%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $145,892Average earning assets
  • $12,370Average equity
  • $133,386Average loans

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