First Montgomery Bank of Maryland in city_name, state_name - Detailed Financial Reports, Location

First Montgomery Bank of Maryland in Gaithersburg, Maryland (MD)
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First Montgomery Bank of Maryland - Overview

General
FDIC Certificate #: 27191
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sandy Spring Bank (#4865)
Federal Reserve ID: 1169717
Date Established: March 14, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 39092
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: March 14, 1988
Last Structure Change Effective Date: December 01, 1993
Last Structure Change Process Date: December 14, 1993
Last Data Update: December 14, 1993
Data Source Date: April 05, 2012
Location
Address: 814 West Diamond Avenue, Gaithersburg, MD 20878
County: Montgomery
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): Washington, DC-MD-VA-WV (#8840)
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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
Financial Summary
Total assets: $34.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$36,836Cash and due from depository institutions
$5,456Interest-bearing balances
$2,000Securities
$5,181Federal funds sold & reverse repurchase agreements
$10Net loans & leases
$24,092Loan loss allowance
$891Trading account assets
$0Bank premises and fixed assets
$315Other real estate owned
$1,579Goodwill and other intangibles
$203Life insurance assets
$0All other assets
$0Total liabilities and capital
$36,836Total liabilities
$34,470Total deposits
$34,159Interest-bearing deposits
$22,778Deposits held in domestic offices
34159.00%% insured (estimated)
$74Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$120Subordinated debt
$0All other liabilities
$191Total equity capital
$191Total bank equity capital
$2,366Perpetual preferred stock
$0Common stock
$2,546Surplus
$2,544Undivided profits
Memoranda
$-2,724Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$936Income earned, not collected on loans
$145Earning assets
$31,283Long-term assets (5+ years)
$38Average Assets, year-to-date
$44,877Average Assets, quarterly
$41,668Volatile liabilities
$1,804Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,564Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,366Total risk weighted assets
$27,415Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,690Total interest expense
$1,001Net interest income
$1,689Provision for loan and lease losses
$2,127Total noninterest income
$202Fiduciary activities
$0Service charges on deposit accounts
$171Trading account gains & fees
$0Additional noninterest income
$31Total noninterest expense
$1,979Salaries and employee benefits
$861Premises and equipment expense
$335Additional noninterest expense
$783Pre-tax net operating income
-$2,215Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$2,215Extraordinary gains - net
$0Net income attributable to bank
-$2,215Net charge-offs
$1,940Cash dividends
$0Sale, conversion, retirement of capital stock, net
$20Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.73%Cost of funding earning assets
2.50%Net interest margin
4.22%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
4.95%Net operating income to assets
-4.94%Return on assets (ROA)
-4.94%Pretax return on assets
-4.94%Return on equity (ROE)
-61.38%Retained earnings to average equity (YTD only)
-61.38%Net charge-offs to loans
7.63%Credit loss provision to net charge-offs
109.64%Efficiency ratio
104,654Assets per employee
1.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.57%Loss allowance to noncurrent loans
95.19%Noncurrent assets plus other real estate owned to assets
6.83%Noncurrent loans to loans
3.75%Net loans and leases to deposits
70.53%Net loans and leases to core deposits
74.46%Equity capital to assets
6.42%Core capital (leverage) ratio
5.96%Tier 1 risk-based capital ratio
8.63%Total risk-based capital ratio
Memoranda
$10Average assets
$44,877Average earning assets
$3,608Average equity
$39,995Average loans

First Montgomery Bank of Maryland in Gaithersburg, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Montgomery Bank of Maryland - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Montgomery Bank of Maryland in Gaithersburg, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

First Montgomery Bank of Maryland - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Montgomery Bank of Maryland in Gaithersburg, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches