Farmers Bank of Maryland in Annapolis, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 11, 2003

  • Farmers Bank of Maryland in Annapolis, Maryland (MD)
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Farmers Bank of Maryland - Overview

  • General
  • FDIC Certificate #: 4821
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 933425
    Date Established: September 17, 1805
    WWW: http://www.firstvirginia.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 42 (Interstate: No)
    OTS Docket #: 11734
    FDIC's unique #: 3216
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 11, 2003
    Last Structure Change Process Date: October 20, 2003
    Last Data Update: October 20, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Church Circle, Annapolis, MD 21404
    County: Anne Arundel
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    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: $1,628.2 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, 2002)

  • Dollar figures in thousands
  • 306Total employees (full-time equivalent)
  • $1,331,066Total assets
  • $38,567Cash and due from depository institutions
  • $70Interest-bearing balances
  • $439,432Securities
  • $46,905Federal funds sold & reverse repurchase agreements
  • $774,713Net loans & leases
  • $8,696Loan loss allowance
  • $0Trading account assets
  • $8,085Bank premises and fixed assets
  • $39Other real estate owned
  • $2,387Goodwill and other intangibles
  • $0Life insurance assets
  • $20,938All other assets
  • $1,331,066Total liabilities and capital
  • $1,247,788Total liabilities
  • $1,119,284Total deposits
  • $1,012,650Interest-bearing deposits
  • $1,119,284Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $89,498Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $29,600Other borrowed funds
  • $0Subordinated debt
  • $9,406All other liabilities
  • $83,278Total equity capital
  • $83,278Total bank equity capital
  • $83,278Perpetual preferred stock
  • $0Common stock
  • $13,634Surplus
  • $27,054Undivided profits
  • Memoranda
  • $42,590Noncurrent loans and leases
  • $126,712Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $733Earning assets
  • $0Long-term assets (5+ years)
  • $4,264Average Assets, year-to-date
  • $1,261,120Average Assets, quarterly
  • $543,675Volatile liabilities
  • $1,291,133Insider loans
  • $1,324,155FHLB advances
  • $172,915Loans and leases held for sale
  • $3,348Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $126,712Total unused commitments
  • $0Restructured Loans and leases
  • $8,696Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $75,667Total interest income
  • $15,038Total interest expense
  • $60,629Net interest income
  • -$154Provision for loan and lease losses
  • $11,824Total noninterest income
  • $0Fiduciary activities
  • $7,361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,463Additional noninterest income
  • $36,155Total noninterest expense
  • $12,720Salaries and employee benefits
  • $3,919Premises and equipment expense
  • $19,516Additional noninterest expense
  • $36,452Pre-tax net operating income
  • $0Securities gains (losses)
  • $13,626Applicable income taxes
  • $22,826Income before extraordinary items
  • $0Extraordinary gains - net
  • $22,826Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$154Sale, conversion, retirement of capital stock, net
  • $21,900Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.98%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 2.82%Pretax return on assets
  • 25.81%Return on equity (ROE)
  • 1.05%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 49,219Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.94%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 1186.36%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 69.22%Net loans and leases to core deposits
  • 72.71%Equity capital to assets
  • 6.26%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 9.34%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,291,133Average earning assets
  • $88,430Average equity
  • $1,217,143Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $222,440Managed Assets
  • 1Number of Accounts
  • $221,651Personal trust and agency accounts
  • $145,038Employee benefit-defined contribution accounts
  • $7,840Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $15,675Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $53,098Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 365Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $789Other retirement accounts
  • $0Corporate trust and agency accounts
  • $53Other fiduciary accounts
  • $736Fiduciary accounts held in foreign offices

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