Eastern Savings Bank, FSB in Hunt Valley, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Eastern Savings Bank, FSB in Hunt Valley, Maryland (MD)
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Eastern Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 32360
    Status: Active
    Federal Reserve ID: 643078
    Date Established: May 29, 1905
    WWW: http://www.easternsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8183
    FDIC's unique #: 45194
    Numeric code: 33
    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: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 16, 1985
    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: 11350 Mccormick Road, Hunt Valley, MD 21031
    County: Baltimore
    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: $598.0 mil
    Equity capital: $39.0 mil
    Deposits held in domestic offices: $523.9 mil
    Return on assets (ROA): -2.03% (-$12.1 mil)
    Quarterly return on assets: -3.72% (-$22.2 mil)
    Return on Equity (ROE): -29.00% (-$11.3 mil)
    Quarterly return on equity: -55.00% (-$21.4 mil)
    Net income: -$13.7 mil
    Quarterly Net income: -$5.8 mil
    Pretax return on assets: -2.04% (-$12,200.0 mil)
    Quarterly Pretax return on assets: -3.76% (-$22,486.2 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
  • 158Total employees (full-time equivalent)
  • $598,038Total assets
  • $90,248Cash and due from depository institutions
  • $90,036Interest-bearing balances
  • $1,799Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $380,531Net loans & leases
  • $6,559Loan loss allowance
  • $0Trading account assets
  • $2,014Bank premises and fixed assets
  • $117,128Other real estate owned
  • $0Goodwill and other intangibles
  • $598,038Life insurance assets
  • $6,318All other assets
  • $559,051Total liabilities and capital
  • $523,900Total liabilities
  • $519,989Total deposits
  • $523,900Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $0Other borrowed funds
  • $5,151Subordinated debt
  • $38,987All other liabilities
  • $38,987Total equity capital
  • $38,987Total bank equity capital
  • $0Perpetual preferred stock
  • $58Common stock
  • $31,549Surplus
  • $7,380Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $143,273Income earned, not collected on loans
  • $0Earning assets
  • $2,472Long-term assets (5+ years)
  • $472,366Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $672,710Volatile liabilities
  • $619,519Insider loans
  • $417,218FHLB advances
  • $598,038Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $38,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,915Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,570Total interest income
  • $17,054Total interest expense
  • $24,516Net interest income
  • $1,950Provision for loan and lease losses
  • -$3,531Total noninterest income
  • $0Fiduciary activities
  • $28Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,559Additional noninterest income
  • $32,772Total noninterest expense
  • $14,084Salaries and employee benefits
  • $3,045Premises and equipment expense
  • $15,643Additional noninterest expense
  • -$13,737Pre-tax net operating income
  • $0Securities gains (losses)
  • -$74Applicable income taxes
  • -$13,663Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,663Net income attributable to bank
  • $0Net charge-offs
  • -$13,663Cash dividends
  • $12,676Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.73%Yield on earning assets
  • 3.17%Cost of funding earning assets
  • 4.56%Net interest margin
  • -0.66%Noninterest income to earning assets
  • 6.09%Noninterest expense to earning assets
  • -2.03%Net operating income to assets
  • -2.03%Return on assets (ROA)
  • -2.04%Pretax return on assets
  • -29.00%Return on equity (ROE)
  • -29.00%Retained earnings to average equity (YTD only)
  • 2.87%Net charge-offs to loans
  • 15.38%Credit loss provision to net charge-offs
  • -0.93%Efficiency ratio
  • 156,169Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 4.58%Noncurrent assets plus other real estate owned to assets
  • 43.38%Noncurrent loans to loans
  • 37.01%Net loans and leases to deposits
  • 72.63%Net loans and leases to core deposits
  • 79.46%Equity capital to assets
  • 6.52%Core capital (leverage) ratio
  • 6.52%Tier 1 risk-based capital ratio
  • 9.34%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $672,710Average earning assets
  • $47,121Average equity
  • $538,006Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    045194Eastern Savings Bank, Fsb11350 Mccormick Road, Hunt Valley, MD 21031May 29, 1905Full Service Brick and Mortar
    1002878501417 Reistertown Road Branch1417 Reisterstown Road, Pikesville, MD 21093June 30, 1986Full Service Brick and Mortar
    1032878537927 Belair Rd Branch7927 Belair Road, Baltimore, MD 21236June 30, 1986Full Service Brick and Mortar
    10528785510 West Ridgely Road Branch10 West Ridgely Road, Lutherville Timonium, MD 21093June 30, 1986Full Service Brick and Mortar
    109287856Baltimore National Pike Branch10060 Baltimore National Pike, Suite G110, Ellicott City, MD 21043October 16, 1995Full Service Brick and Mortar

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