FDIC Certificate #: 11378 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers Bank of Maryland (#4821) Federal Reserve ID: 712527 Date Established: April 02, 1902 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 7266 Numeric code: 13 Regulator: FED 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 01, 1934 Last Structure Change Effective Date: Febuary 07, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: Sunset And Main, Greensboro, MD 21639 County: Caroline Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Atlanta FDIC Field Office: Baltimore Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $29.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
8Total employees (full-time equivalent)
$29,255Total assets
$709Cash and due from depository institutions
$0Interest-bearing balances
$9,373Securities
$1,700Federal funds sold & reverse repurchase agreements
$16,789Net loans & leases
$237Loan loss allowance
$0Trading account assets
$232Bank premises and fixed assets
$82Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$370All other assets
$29,255Total liabilities and capital
$26,398Total liabilities
$26,099Total deposits
$22,608Interest-bearing deposits
$26,099Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$299All other liabilities
$2,857Total equity capital
$2,857Total bank equity capital
$2,857Perpetual preferred stock
$0Common stock
$196Surplus
$1,000Undivided profits
Memoranda
$1,661Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$160Earning assets
$0Long-term assets (5+ years)
$93Average Assets, year-to-date
$27,862Average Assets, quarterly
$9,055Volatile liabilities
$29,198Insider loans
$29,235FHLB advances
$1,845Loans and leases held for sale
$705Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,189Total unused commitments
$0Restructured Loans and leases
$15,467Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,171Total interest income
$973Total interest expense
$1,198Net interest income
-$25Provision for loan and lease losses
$170Total noninterest income
$0Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$769Total noninterest expense
$291Salaries and employee benefits
$63Premises and equipment expense
$415Additional noninterest expense
$624Pre-tax net operating income
$0Securities gains (losses)
$208Applicable income taxes
$416Income before extraordinary items
$0Extraordinary gains - net
$416Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
3.50%Cost of funding earning assets
4.31%Net interest margin
0.61%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
2.14%Pretax return on assets
15.71%Return on equity (ROE)
15.71%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,213Assets per employee
3.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
148.13%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
0.94%Net loans and leases to deposits
64.33%Net loans and leases to core deposits
69.22%Equity capital to assets
9.77%Core capital (leverage) ratio
9.80%Tier 1 risk-based capital ratio
18.47%Total risk-based capital ratio
Memoranda
$20Average assets
$29,198Average earning assets
$2,647Average equity
$27,799Average loans
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