Peninsula Bank in Princess Anne, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 18, 2004

  • Peninsula Bank in Princess Anne, Maryland (MD)
  • Show street view No street view available for this location

Peninsula Bank - Overview

  • General
  • FDIC Certificate #: 14874
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Peninsula Bank (#11652)
    Federal Reserve ID: 550523
    Date Established: August 01, 1889
    WWW: http://www.peninsulabankmd.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 26 (Interstate: No)
    OTS Docket #: 11642
    FDIC's unique #: 9312
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 14, 1934
    Last Structure Change Effective Date: August 18, 2004
    Last Structure Change Process Date: September 03, 2004
    Last Data Update: September 03, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 11738 Somerset Avenue, Princess Anne, MD 21853
    County: Somerset
    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)
  • Financial Summary
  • Total assets: $867.1 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, 2003)

  • Dollar figures in thousands
  • 237Total employees (full-time equivalent)
  • $819,302Total assets
  • $23,842Cash and due from depository institutions
  • $1,203Interest-bearing balances
  • $125,916Securities
  • $750Federal funds sold & reverse repurchase agreements
  • $615,806Net loans & leases
  • $11,402Loan loss allowance
  • $0Trading account assets
  • $8,441Bank premises and fixed assets
  • $0Other real estate owned
  • $31,921Goodwill and other intangibles
  • $0Life insurance assets
  • $12,626All other assets
  • $819,302Total liabilities and capital
  • $719,304Total liabilities
  • $653,017Total deposits
  • $477,050Interest-bearing deposits
  • $653,017Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $41,875Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20,900Subordinated debt
  • $3,512All other liabilities
  • $99,998Total equity capital
  • $99,998Total bank equity capital
  • $99,998Perpetual preferred stock
  • $0Common stock
  • $930Surplus
  • $67,293Undivided profits
  • Memoranda
  • $31,775Noncurrent loans and leases
  • $209,971Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,944Earning assets
  • $0Long-term assets (5+ years)
  • $3,926Average Assets, year-to-date
  • $743,675Average Assets, quarterly
  • $48,806Volatile liabilities
  • $792,305Insider loans
  • $824,277FHLB advances
  • $87,234Loans and leases held for sale
  • $32,860Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $209,971Total unused commitments
  • $0Restructured Loans and leases
  • $28,668Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $43,928Total interest income
  • $8,132Total interest expense
  • $35,796Net interest income
  • -$460Provision for loan and lease losses
  • $6,516Total noninterest income
  • $0Fiduciary activities
  • $3,364Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,152Additional noninterest income
  • $19,095Total noninterest expense
  • $10,020Salaries and employee benefits
  • $2,220Premises and equipment expense
  • $6,855Additional noninterest expense
  • $23,677Pre-tax net operating income
  • $59Securities gains (losses)
  • $9,047Applicable income taxes
  • $14,689Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,689Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $115Sale, conversion, retirement of capital stock, net
  • $30,967Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 5.00%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.85%Net operating income to assets
  • 1.85%Return on assets (ROA)
  • 3.00%Pretax return on assets
  • 13.26%Return on equity (ROE)
  • -14.69%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -400.00%Credit loss provision to net charge-offs
  • 201.89%Efficiency ratio
  • 44,437Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 210.82%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 586.52%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 94.30%Net loans and leases to core deposits
  • 101.34%Equity capital to assets
  • 12.21%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 11.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $792,305Average earning assets
  • $110,790Average equity
  • $716,498Average loans

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