Mercantile Potomac Bank in Gaithersburg, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 21, 2005

  • Mercantile Potomac Bank in Gaithersburg, Maryland (MD)
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Mercantile Potomac Bank - Overview

  • General
  • FDIC Certificate #: 21415
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile-Safe Deposit and Trust Company (#20347)
    Federal Reserve ID: 895822
    Date Established: January 21, 1974
    WWW: http://www.mercantilepotomacbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    FDIC's unique #: 14811
    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: January 21, 1974
    Last Structure Change Effective Date: April 21, 2005
    Last Structure Change Process Date: May 10, 2005
    Last Data Update: May 10, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 702 Russell Avenue, Gaithersburg, MD 20877
    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: $1,076.3 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, 2004)

  • Dollar figures in thousands
  • 184Total employees (full-time equivalent)
  • $1,024,057Total assets
  • $12,905Cash and due from depository institutions
  • $602Interest-bearing balances
  • $132,853Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $820,704Net loans & leases
  • $8,694Loan loss allowance
  • $0Trading account assets
  • $7,051Bank premises and fixed assets
  • $0Other real estate owned
  • $42,014Goodwill and other intangibles
  • $0Life insurance assets
  • $8,530All other assets
  • $1,024,057Total liabilities and capital
  • $910,232Total liabilities
  • $719,335Total deposits
  • $482,270Interest-bearing deposits
  • $719,335Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $152,724Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $32,500Subordinated debt
  • $5,673All other liabilities
  • $113,825Total equity capital
  • $113,825Total bank equity capital
  • $113,825Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $68,623Undivided profits
  • Memoranda
  • $43,952Noncurrent loans and leases
  • $206,361Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $3,786Average Assets, year-to-date
  • $954,159Average Assets, quarterly
  • $169,513Volatile liabilities
  • $892,755Insider loans
  • $990,779FHLB advances
  • $287,975Loans and leases held for sale
  • $7,304Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $206,361Total unused commitments
  • $0Restructured Loans and leases
  • $41,206Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $47,229Total interest income
  • $8,383Total interest expense
  • $38,846Net interest income
  • $600Provision for loan and lease losses
  • $5,130Total noninterest income
  • $0Fiduciary activities
  • $2,432Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,698Additional noninterest income
  • $21,700Total noninterest expense
  • $11,727Salaries and employee benefits
  • $3,262Premises and equipment expense
  • $6,711Additional noninterest expense
  • $21,676Pre-tax net operating income
  • $0Securities gains (losses)
  • $8,169Applicable income taxes
  • $13,507Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,507Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $4,172Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 2.43%Pretax return on assets
  • 15.65%Return on equity (ROE)
  • 10.82%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 8571.43%Credit loss provision to net charge-offs
  • 3182.29%Efficiency ratio
  • 48,483Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.89%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 114.09%Net loans and leases to core deposits
  • 140.51%Equity capital to assets
  • 11.12%Core capital (leverage) ratio
  • 7.66%Tier 1 risk-based capital ratio
  • 8.85%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $892,755Average earning assets
  • $86,285Average equity
  • $840,701Average loans

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