FDIC Certificate #: 29514 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fairmount Bank (#32369) Federal Reserve ID: 249779 Date Established: September 12, 1985 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Interstate: No) OTS Docket #: 3579 FDIC's unique #: 42348 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 12, 1985 Last Structure Change Effective Date: October 13, 2011 Last Structure Change Process Date: October 24, 2011 Last Data Update: October 24, 2011 Data Source Date: April 05, 2012
Location
Address: 7527 Belair Road, Nottingham, MD 21236 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)
Financial Summary
Total assets: $8.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
2Total employees (full-time equivalent)
$8,980Total assets
$3,263Cash and due from depository institutions
$2,492Interest-bearing balances
$1,231Securities
$629Federal funds sold & reverse repurchase agreements
$2,831Net loans & leases
$50Loan loss allowance
$0Trading account assets
$423Bank premises and fixed assets
$482Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$121All other assets
$8,980Total liabilities and capital
$7,838Total liabilities
$7,770Total deposits
$7,770Interest-bearing deposits
$7,770Deposits held in domestic offices
99.88%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$68All other liabilities
$1,142Total equity capital
$1,142Total bank equity capital
$1,142Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$1,142Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$152Earning assets
$0Long-term assets (5+ years)
$18Average Assets, year-to-date
$7,183Average Assets, quarterly
$0Volatile liabilities
$9,175Insider loans
$9,046FHLB advances
$1,079Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$44Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$242Total interest income
$112Total interest expense
$130Net interest income
$0Provision for loan and lease losses
$22Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$355Total noninterest expense
$207Salaries and employee benefits
$76Premises and equipment expense
$72Additional noninterest expense
-$203Pre-tax net operating income
$40Securities gains (losses)
-$2Applicable income taxes
-$161Income before extraordinary items
$0Extraordinary gains - net
-$161Net income attributable to bank
$0Net charge-offs
-$161Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.25%Yield on earning assets
1.50%Cost of funding earning assets
1.75%Net interest margin
0.30%Noninterest income to earning assets
4.77%Noninterest expense to earning assets
-2.19%Net operating income to assets
-1.75%Return on assets (ROA)
-1.78%Pretax return on assets
-12.87%Return on equity (ROE)
-12.87%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
233,553Assets per employee
4.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
32.89%Noncurrent assets plus other real estate owned to assets
1.69%Noncurrent loans to loans
5.28%Net loans and leases to deposits
36.44%Net loans and leases to core deposits
42.31%Equity capital to assets
12.72%Core capital (leverage) ratio
7.63%Tier 1 risk-based capital ratio
18.29%Total risk-based capital ratio
Memoranda
$20Average assets
$9,175Average earning assets
$1,251Average equity
$7,446Average loans
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