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

This bank is inactive as of March 31, 1995

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

  • General
  • FDIC Certificate #: 30815
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sequoia Bank (#27454)
    Federal Reserve ID: 562870
    Date Established: January 01, 1937
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 5962
    FDIC's unique #: 43649
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 01, 1960
    Last Structure Change Effective Date: March 31, 1995
    Last Structure Change Process Date: April 07, 1995
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 4912 Del Rey Avenue, 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: $96.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $46Total assets
  • $96,520Cash and due from depository institutions
  • $2,596Interest-bearing balances
  • $54Securities
  • $12,400Federal funds sold & reverse repurchase agreements
  • $666Net loans & leases
  • $77,343Loan loss allowance
  • $1,459Trading account assets
  • $0Bank premises and fixed assets
  • $448Other real estate owned
  • $1,323Goodwill and other intangibles
  • $1,744Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $96,520Total liabilities
  • $92,853Total deposits
  • $83,904Interest-bearing deposits
  • $76,167Deposits held in domestic offices
  • 83904.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $2,539Trading liabilities
  • $0Other borrowed funds
  • $6,000Subordinated debt
  • $0All other liabilities
  • $410Total equity capital
  • $410Total bank equity capital
  • $3,667Perpetual preferred stock
  • $0Common stock
  • $453Surplus
  • $3,634Undivided profits
  • Memoranda
  • $-420Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,476Income earned, not collected on loans
  • $789Earning assets
  • $90,463Long-term assets (5+ years)
  • $11,747Average Assets, year-to-date
  • $97,319Average Assets, quarterly
  • $95,073Volatile liabilities
  • $9,262Insider loans
  • $687FHLB advances
  • $0Loans and leases held for sale
  • $98Unused loan commitments
  • $13,891Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,284Total risk weighted assets
  • $67,768Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,847Total interest expense
  • $3,403Net interest income
  • $3,443Provision for loan and lease losses
  • $1,574Total noninterest income
  • $954Fiduciary activities
  • $0Service charges on deposit accounts
  • $252Trading account gains & fees
  • $0Additional noninterest income
  • $702Total noninterest expense
  • $3,742Salaries and employee benefits
  • $1,291Premises and equipment expense
  • $408Additional noninterest expense
  • $2,043Pre-tax net operating income
  • -$919Securities gains (losses)
  • $0Applicable income taxes
  • $6Income before extraordinary items
  • -$925Extraordinary gains - net
  • $0Net income attributable to bank
  • -$925Net charge-offs
  • $827Cash dividends
  • $1,184Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.48%Cost of funding earning assets
  • 3.72%Net interest margin
  • 3.76%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 4.09%Net operating income to assets
  • -0.95%Return on assets (ROA)
  • -0.95%Pretax return on assets
  • -0.94%Return on equity (ROE)
  • -17.50%Retained earnings to average equity (YTD only)
  • -39.90%Net charge-offs to loans
  • 1.09%Credit loss provision to net charge-offs
  • 190.33%Efficiency ratio
  • 85,103Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -128.00%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 41.97%Noncurrent assets plus other real estate owned to assets
  • 4.97%Noncurrent loans to loans
  • 4.41%Net loans and leases to deposits
  • 92.18%Net loans and leases to core deposits
  • 97.68%Equity capital to assets
  • 3.80%Core capital (leverage) ratio
  • 4.58%Tier 1 risk-based capital ratio
  • 6.32%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $97,319Average earning assets
  • $5,286Average equity
  • $91,506Average loans

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