Sequoia Bank in Bethesda, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 11, 2003

  • Sequoia Bank in Bethesda, Maryland (MD)
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Sequoia Bank - Overview

  • General
  • FDIC Certificate #: 27454
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#22858)
    Federal Reserve ID: 562870
    Date Established: Febuary 10, 1989
    WWW: http://www.sequoiabank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    OTS Docket #: 14232
    FDIC's unique #: 39948
    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: Febuary 10, 1989
    Last Structure Change Effective Date: October 11, 2003
    Last Structure Change Process Date: January 22, 2004
    Last Data Update: January 22, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Bethesda Metro Center, Suite 1500, 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: $532.1 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, 2002)

  • Dollar figures in thousands
  • 148Total employees (full-time equivalent)
  • $523,045Total assets
  • $19,717Cash and due from depository institutions
  • $0Interest-bearing balances
  • $154,417Securities
  • $12,439Federal funds sold & reverse repurchase agreements
  • $320,574Net loans & leases
  • $3,766Loan loss allowance
  • $0Trading account assets
  • $3,193Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $12,705All other assets
  • $523,045Total liabilities and capital
  • $487,954Total liabilities
  • $404,839Total deposits
  • $313,019Interest-bearing deposits
  • $404,839Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $37,978Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,700Other borrowed funds
  • $0Subordinated debt
  • $2,437All other liabilities
  • $35,091Total equity capital
  • $35,091Total bank equity capital
  • $35,091Perpetual preferred stock
  • $0Common stock
  • $1,700Surplus
  • $19,156Undivided profits
  • Memoranda
  • $14,235Noncurrent loans and leases
  • $96,808Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $288Earning assets
  • $0Long-term assets (5+ years)
  • $2,685Average Assets, year-to-date
  • $487,430Average Assets, quarterly
  • $173,108Volatile liabilities
  • $453,719Insider loans
  • $519,027FHLB advances
  • $98,681Loans and leases held for sale
  • $1,462Unused loan commitments
  • $37,700Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $96,808Total unused commitments
  • $0Restructured Loans and leases
  • $3,768Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $27,428Total interest income
  • $9,376Total interest expense
  • $18,052Net interest income
  • $295Provision for loan and lease losses
  • $3,307Total noninterest income
  • $0Fiduciary activities
  • $1,822Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,485Additional noninterest income
  • $13,364Total noninterest expense
  • $7,778Salaries and employee benefits
  • $2,619Premises and equipment expense
  • $2,967Additional noninterest expense
  • $7,700Pre-tax net operating income
  • $14Securities gains (losses)
  • $2,531Applicable income taxes
  • $5,183Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,183Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$180Sale, conversion, retirement of capital stock, net
  • $899Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.52%Yield on earning assets
  • 2.23%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 16.39%Return on equity (ROE)
  • 13.55%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -163.89%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,568Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.35%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 1307.64%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 79.19%Net loans and leases to core deposits
  • 91.82%Equity capital to assets
  • 6.71%Core capital (leverage) ratio
  • 6.53%Tier 1 risk-based capital ratio
  • 9.27%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $453,719Average earning assets
  • $31,620Average equity
  • $420,626Average loans

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