Farmers Bank in Mardela Springs, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • Farmers Bank in Mardela Springs, Maryland (MD)
  • Show street view No street view available for this location

Farmers Bank - Overview

  • General
  • FDIC Certificate #: 1574
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Peninsula Bank (#14874)
    Federal Reserve ID: 43922
    Date Established: January 01, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 1031
    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 01, 1997
    Last Structure Change Process Date: July 22, 1997
    Last Data Update: July 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Mardela Springs, MD 21837
    County: Wicomico
    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
    Combined Statistical Area (CSA): Salisbury-Ocean Pines, MD (#480)
    Core Based Statistical Area (CBSA): Salisbury, MD (#41540)
    CBSA Metro Statistical Area: Salisbury, MD (#41540)
  • Financial Summary
  • Total assets: $28.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $28,248Cash and due from depository institutions
  • $1,367Interest-bearing balances
  • $2Securities
  • $5,243Federal funds sold & reverse repurchase agreements
  • $250Net loans & leases
  • $20,297Loan loss allowance
  • $206Trading account assets
  • $0Bank premises and fixed assets
  • $515Other real estate owned
  • $245Goodwill and other intangibles
  • $331Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $28,248Total liabilities
  • $25,760Total deposits
  • $25,604Interest-bearing deposits
  • $21,844Deposits held in domestic offices
  • 25604.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $156Total equity capital
  • $156Total bank equity capital
  • $2,488Perpetual preferred stock
  • $0Common stock
  • $1,150Surplus
  • $1,151Undivided profits
  • Memoranda
  • $187Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15Income earned, not collected on loans
  • $122Earning assets
  • $25,792Long-term assets (5+ years)
  • $1,156Average Assets, year-to-date
  • $27,617Average Assets, quarterly
  • $28,126Volatile liabilities
  • $1,644Insider loans
  • $122FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,840Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,497Total risk weighted assets
  • $16,976Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,178Total interest expense
  • $1,026Net interest income
  • $1,152Provision for loan and lease losses
  • $10Total noninterest income
  • $136Fiduciary activities
  • $0Service charges on deposit accounts
  • $109Trading account gains & fees
  • $0Additional noninterest income
  • $27Total noninterest expense
  • $989Salaries and employee benefits
  • $520Premises and equipment expense
  • $168Additional noninterest expense
  • $301Pre-tax net operating income
  • $289Securities gains (losses)
  • $0Applicable income taxes
  • $74Income before extraordinary items
  • $215Extraordinary gains - net
  • $0Net income attributable to bank
  • $215Net charge-offs
  • -$1Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.59%Cost of funding earning assets
  • 4.05%Net interest margin
  • 4.54%Noninterest income to earning assets
  • 0.54%Noninterest expense to earning assets
  • 3.90%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 1.05%Return on equity (ROE)
  • 8.97%Retained earnings to average equity (YTD only)
  • 7.67%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -1000.00%Efficiency ratio
  • 76,786Assets per employee
  • 1.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.42%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 1373.33%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 79.27%Net loans and leases to core deposits
  • 84.71%Equity capital to assets
  • 8.81%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 14.71%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $27,617Average earning assets
  • $2,398Average equity
  • $25,357Average 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 Farmers Bank.
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.
Table of Contents