FDIC Certificate #: 58529 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:HSBC Bank USA, National Association (#57890) Federal Reserve ID: 3451957 Date Established: October 30, 2006 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 19 (Interstate: No) FDIC's unique #: 455407 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 30, 2006 Last Structure Change Effective Date: December 20, 2008 Last Structure Change Process Date: January 08, 2009 Last Data Update: January 08, 2009 Data Source Date: April 05, 2012
Location
Address: 7637 Old Georgetown Road, Bethesda, MD 20814 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: $420.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
114Total employees (full-time equivalent)
$152,280Total assets
$5,079Cash and due from depository institutions
$532Interest-bearing balances
$0Securities
$18,500Federal funds sold & reverse repurchase agreements
$107,583Net loans & leases
$59Loan loss allowance
$0Trading account assets
$13,068Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,050All other assets
$152,280Total liabilities and capital
$133,955Total liabilities
$133,479Total deposits
$112,250Interest-bearing deposits
$133,479Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$476All other liabilities
$18,325Total equity capital
$18,325Total bank equity capital
$18,325Perpetual preferred stock
$0Common stock
$1,000Surplus
$24,000Undivided profits
Memoranda
$-6,675Noncurrent loans and leases
$990Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$183Earning assets
$0Long-term assets (5+ years)
$366Average Assets, year-to-date
$126,615Average Assets, quarterly
$65,899Volatile liabilities
$110,023Insider loans
$142,976FHLB advances
$14,097Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$990Total unused commitments
$0Restructured Loans and leases
$59Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,649Total interest income
$3,593Total interest expense
$2,056Net interest income
$77Provision for loan and lease losses
$199Total noninterest income
$0Fiduciary activities
$126Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$13,172Total noninterest expense
$5,191Salaries and employee benefits
$4,258Premises and equipment expense
$3,723Additional noninterest expense
-$10,994Pre-tax net operating income
$0Securities gains (losses)
-$4,499Applicable income taxes
-$6,495Income before extraordinary items
$0Extraordinary gains - net
-$6,495Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.70%Yield on earning assets
3.63%Cost of funding earning assets
2.08%Net interest margin
0.20%Noninterest income to earning assets
13.30%Noninterest expense to earning assets
-5.90%Net operating income to assets
-5.90%Return on assets (ROA)
-9.99%Pretax return on assets
-29.16%Return on equity (ROE)
-29.16%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
427.78%Credit loss provision to net charge-offs
-606.50%Efficiency ratio
584,124Assets per employee
1.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.05%Loss allowance to noncurrent loans
32.24%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.17%Net loans and leases to deposits
80.60%Net loans and leases to core deposits
90.12%Equity capital to assets
12.03%Core capital (leverage) ratio
13.51%Tier 1 risk-based capital ratio
23.06%Total risk-based capital ratio
Memoranda
$23Average assets
$110,023Average earning assets
$22,277Average equity
$99,024Average loans
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