First Shore Federal Savings and Loan Association in city_name, state_name

First Shore Federal Savings and Loan Association in Salisbury, Maryland (MD), DE
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First Shore Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 30680
Status: Active
Federal Reserve ID: 59370
Date Established: December 18, 1953
WWW: http://www.firstshorefederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 8 (Domestic: 8, Interstate: Yes)
OTS Docket #: 5740
FDIC's unique #: 43514
Numeric code: 38
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: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: December 18, 1953
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: 106 S. Division Street, Salisbury, MD 21801
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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $316.6 mil
Equity capital: $35.8 mil
Deposits held in domestic offices: $274.4 mil
Return on assets (ROA): 0.57% ($1.8 mil)
Quarterly return on assets: 0.33% ($1.0 mil)
Return on Equity (ROE): 5.41% ($1.9 mil)
Quarterly return on equity: 3.00% ($1.1 mil)
Net income: $1.9 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.65% ($2,058.1 mil)
Quarterly Pretax return on assets: -0.48% (-$1,519.8 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
66Total employees (full-time equivalent)
$316,625Total assets
$20,481Cash and due from depository institutions
$19,231Interest-bearing balances
$28,032Securities
$254Federal funds sold & reverse repurchase agreements
$248,482Net loans & leases
$2,360Loan loss allowance
$0Trading account assets
$5,156Bank premises and fixed assets
$1,735Other real estate owned
$0Goodwill and other intangibles
$316,625Life insurance assets
$12,485All other assets
$280,808Total liabilities and capital
$274,431Total liabilities
$268,736Total deposits
$274,431Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$377Subordinated debt
$35,817All other liabilities
$35,817Total equity capital
$35,817Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$35,817Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,356Income earned, not collected on loans
$0Earning assets
$938Long-term assets (5+ years)
$295,999Average Assets, year-to-date
$0Average Assets, quarterly
$329,835Volatile liabilities
$322,585Insider loans
$204,900FHLB advances
$315,904Loans and leases held for sale
$6,164Unused loan commitments
$0Tier 1 (core) risk-based capital
$35,375Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$20,712Restructured Loans and leases
$789Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$15,634Total interest income
$5,660Total interest expense
$9,974Net interest income
$560Provision for loan and lease losses
$142Total noninterest income
$0Fiduciary activities
$106Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$7,381Total noninterest expense
$4,127Salaries and employee benefits
$1,234Premises and equipment expense
$2,020Additional noninterest expense
$2,175Pre-tax net operating income
-$42Securities gains (losses)
$245Applicable income taxes
$1,888Income before extraordinary items
$0Extraordinary gains - net
$1,888Net income attributable to bank
$0Net charge-offs
$1,888Cash dividends
$271Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.07%Yield on earning assets
1.83%Cost of funding earning assets
3.23%Net interest margin
0.05%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
0.58%Net operating income to assets
0.57%Return on assets (ROA)
0.65%Pretax return on assets
5.41%Return on equity (ROE)
5.41%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
206.64%Credit loss provision to net charge-offs
10.09%Efficiency ratio
72,964Assets per employee
4.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
100.17%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
0.94%Net loans and leases to deposits
90.54%Net loans and leases to core deposits
95.97%Equity capital to assets
11.31%Core capital (leverage) ratio
11.20%Tier 1 risk-based capital ratio
17.26%Total risk-based capital ratio
Memoranda
$18Average assets
$329,835Average earning assets
$34,894Average equity
$308,462Average loans

List of branches

1 Delaware Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
107	461724	Atlantic Avenue Branch	Rt 26 Atlantic Avenue, Ocean View, DE 19970	January 01, 2003	Full Service Brick and Mortar

7 Maryland Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	43514	First Shore Federal Savings And Loan	106 S. Division Street, Salisbury, MD 21801	December 18, 1953	Full Service Brick and Mortar
100	281530	Corner Of Mt Hermon Branch	1116 Mt. Hermon Road, Salisbury, MD 21804	December 18, 1953	Full Service Brick and Mortar
101	281531	1315 Market St Branch	1315 Market Street, Pocomoke City, MD 21851	December 18, 1953	Full Service Brick and Mortar
103	281533	North Main Street Branch	310 Franklin Avenue, Berlin, MD 21811	June 30, 1988	Full Service Brick and Mortar
104	281534	107 Green Street Branch	107 Green Street, Snow Hill, MD 21863	June 30, 1988	Full Service Brick and Mortar
105	281535	Ocean Pines Branch	11029 Racetrack Road, Berlin, MD 21811	December 09, 1996	Full Service Brick and Mortar
106	363808	Cedar Lane Branch	101 West Cedar Lane, Fruitland, MD 21826	August 13, 2001	Full Service Brick and Mortar

First Shore Federal Savings and Loan Association in Salisbury, Maryland (MD), DE
Overview, Financial Summary, Detailed Financial Reports, Branches

First Shore Federal Savings and Loan Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Shore Federal Savings and Loan Association in Salisbury, Maryland (MD), DEOverview, Financial Summary, Detailed Financial Reports, Branches

First Shore Federal Savings and Loan Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Shore Federal Savings and Loan Association in Salisbury, Maryland (MD), DE
Overview, Financial Summary, Detailed Financial Reports, Branches