Provident Bank of Maryland in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 23, 2009

  • Provident Bank of Maryland in Baltimore, Maryland (MD)
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Provident Bank of Maryland - Overview

  • General
  • FDIC Certificate #: 15951
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Manufacturers and Traders Trust Company (#588)
    Federal Reserve ID: 437521
    Date Established: April 01, 1886
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 140 (Interstate: No)
    OTS Docket #: 9689
    FDIC's unique #: 10182
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 02, 1943
    Last Structure Change Effective Date: May 23, 2009
    Last Structure Change Process Date: June 18, 2009
    Last Data Update: June 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 East Lexington Street, Baltimore, MD 21202
    County: Baltimore City
    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: $6,191.0 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, 2008)

  • Dollar figures in thousands
  • 1,701Total employees (full-time equivalent)
  • $6,299,164Total assets
  • $118,422Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,337,519Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,284,768Net loans & leases
  • $73,098Loan loss allowance
  • $0Trading account assets
  • $62,923Bank premises and fixed assets
  • $39,175Other real estate owned
  • $5,690Goodwill and other intangibles
  • $172,858Life insurance assets
  • $450,667All other assets
  • $6,299,164Total liabilities and capital
  • $5,771,191Total liabilities
  • $4,753,810Total deposits
  • $4,076,597Interest-bearing deposits
  • $4,753,810Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $298,856Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $595,000Other borrowed funds
  • $47,898Subordinated debt
  • $75,627All other liabilities
  • $527,973Total equity capital
  • $527,973Total bank equity capital
  • $527,973Perpetual preferred stock
  • $0Common stock
  • $30,000Surplus
  • $544,335Undivided profits
  • Memoranda
  • $-46,362Noncurrent loans and leases
  • $1,587,727Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $98,822Earning assets
  • $3,221Long-term assets (5+ years)
  • $25,666Average Assets, year-to-date
  • $5,622,287Average Assets, quarterly
  • $1,233,066Volatile liabilities
  • $6,188,165Insider loans
  • $6,226,623FHLB advances
  • $941,481Loans and leases held for sale
  • $67,235Unused loan commitments
  • $595,000Tier 1 (core) risk-based capital
  • $695,392Tier 2 risk-based capital
  • $1,728Total risk weighted assets
  • $1,587,727Total unused commitments
  • $0Restructured Loans and leases
  • $123,799Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $325,906Total interest income
  • $141,560Total interest expense
  • $184,346Net interest income
  • $37,612Provision for loan and lease losses
  • $109,222Total noninterest income
  • $0Fiduciary activities
  • $82,777Service charges on deposit accounts
  • $0Trading account gains & fees
  • $26,445Additional noninterest income
  • $212,252Total noninterest expense
  • $107,714Salaries and employee benefits
  • $39,488Premises and equipment expense
  • $65,050Additional noninterest expense
  • $43,704Pre-tax net operating income
  • -$110,898Securities gains (losses)
  • -$34,805Applicable income taxes
  • -$32,389Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,389Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $19,783Sale, conversion, retirement of capital stock, net
  • $23,940Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 2.55%Cost of funding earning assets
  • 3.33%Net interest margin
  • 1.97%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • -0.52%Return on assets (ROA)
  • -1.09%Pretax return on assets
  • -7.52%Return on equity (ROE)
  • -13.08%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 190.12%Credit loss provision to net charge-offs
  • 4.11%Efficiency ratio
  • 71,870Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -73.91%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 73.97%Noncurrent assets plus other real estate owned to assets
  • 2.78%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 90.13%Net loans and leases to core deposits
  • 96.59%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 9.28%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $6,188,165Average earning assets
  • $430,720Average equity
  • $5,544,120Average loans

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $159,0991-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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