Heritage Savings Bank, FSB in Lutherville, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2002

  • Heritage Savings Bank, FSB in Lutherville, Maryland (MD)
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Heritage Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28486
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Baltimore County Savings Bank (#32341)
    Federal Reserve ID: 282673
    Date Established: January 01, 1902
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1684
    FDIC's unique #: 41320
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 08, 1954
    Last Structure Change Effective Date: July 24, 2002
    Last Structure Change Process Date: August 22, 2002
    Last Data Update: August 22, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1505 York Road, Lutherville, MD 21093
    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: $153.4 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, 2001)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $162,855Total assets
  • $24,807Cash and due from depository institutions
  • $23,393Interest-bearing balances
  • $21,535Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,392Net loans & leases
  • $308Loan loss allowance
  • $0Trading account assets
  • $1,359Bank premises and fixed assets
  • $0Other real estate owned
  • $54Goodwill and other intangibles
  • $0Life insurance assets
  • $2,708All other assets
  • $162,855Total liabilities and capital
  • $147,022Total liabilities
  • $124,373Total deposits
  • $123,044Interest-bearing deposits
  • $124,373Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,386Other borrowed funds
  • $0Subordinated debt
  • $263All other liabilities
  • $15,833Total equity capital
  • $15,833Total bank equity capital
  • $15,833Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $7,981Undivided profits
  • Memoranda
  • $7,842Noncurrent loans and leases
  • $19,105Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $454Earning assets
  • $0Long-term assets (5+ years)
  • $615Average Assets, year-to-date
  • $157,320Average Assets, quarterly
  • $0Volatile liabilities
  • $162,976Insider loans
  • $163,164FHLB advances
  • $35,299Loans and leases held for sale
  • $0Unused loan commitments
  • $22,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,105Total unused commitments
  • $247Restructured Loans and leases
  • $308Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $11,282Total interest income
  • $7,626Total interest expense
  • $3,656Net interest income
  • $14Provision for loan and lease losses
  • $259Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $259Additional noninterest income
  • $3,136Total noninterest expense
  • $2,098Salaries and employee benefits
  • $445Premises and equipment expense
  • $593Additional noninterest expense
  • $765Pre-tax net operating income
  • $0Securities gains (losses)
  • $304Applicable income taxes
  • $461Income before extraordinary items
  • $0Extraordinary gains - net
  • $461Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.18%Yield on earning assets
  • 4.85%Cost of funding earning assets
  • 2.33%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.00%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 3.02%Return on equity (ROE)
  • 3.02%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 55.64%Efficiency ratio
  • 80,000Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 67.84%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 90.37%Net loans and leases to core deposits
  • 100.84%Equity capital to assets
  • 9.72%Core capital (leverage) ratio
  • 9.68%Tier 1 risk-based capital ratio
  • 17.77%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $162,976Average earning assets
  • $15,272Average equity
  • $157,098Average loans

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