FDIC Certificate #: 9700 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Columbia Bank (#27244) Federal Reserve ID: 613222 Date Established: January 01, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 10843 FDIC's unique #: 6206 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: January 01, 1934 Last Structure Change Effective Date: August 15, 2009 Last Structure Change Process Date: September 28, 2009 Last Data Update: September 28, 2009 Data Source Date: April 05, 2012
Location
Address: 130 North Street, Elkton, MD 21921 County: Cecil 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): Wilmington-Newark, DE-MD (#9160) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
Financial Summary
Total assets: $148.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$139,900Total assets
$2,088Cash and due from depository institutions
$74Interest-bearing balances
$45,067Securities
$10,517Federal funds sold & reverse repurchase agreements
$78,513Net loans & leases
$1,369Loan loss allowance
$0Trading account assets
$2,425Bank premises and fixed assets
$0Other real estate owned
$105Goodwill and other intangibles
$0Life insurance assets
$1,185All other assets
$139,900Total liabilities and capital
$131,260Total liabilities
$123,035Total deposits
$105,718Interest-bearing deposits
$123,035Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,225Other borrowed funds
$0Subordinated debt
$1,000All other liabilities
$8,640Total equity capital
$8,640Total bank equity capital
$8,640Perpetual preferred stock
$0Common stock
$2,306Surplus
$2,306Undivided profits
Memoranda
$4,028Noncurrent loans and leases
$16,864Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$699Earning assets
$0Long-term assets (5+ years)
$498Average Assets, year-to-date
$134,171Average Assets, quarterly
$46,869Volatile liabilities
$127,386Insider loans
$134,235FHLB advances
$34,595Loans and leases held for sale
$1,785Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$2,267Tier 2 risk-based capital
$80Total risk weighted assets
$16,864Total unused commitments
$0Restructured Loans and leases
$1,017Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,121Total interest income
$2,431Total interest expense
$4,690Net interest income
$0Provision for loan and lease losses
$1,686Total noninterest income
$0Fiduciary activities
$939Service charges on deposit accounts
$0Trading account gains & fees
$747Additional noninterest income
$3,187Total noninterest expense
$1,176Salaries and employee benefits
$366Premises and equipment expense
$1,645Additional noninterest expense
$3,189Pre-tax net operating income
$89Securities gains (losses)
$996Applicable income taxes
$2,282Income before extraordinary items
$0Extraordinary gains - net
$2,282Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$64Sale, conversion, retirement of capital stock, net
$1,665Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
2.01%Cost of funding earning assets
3.89%Net interest margin
1.40%Noninterest income to earning assets
2.64%Noninterest expense to earning assets
1.74%Net operating income to assets
1.79%Return on assets (ROA)
2.57%Pretax return on assets
28.81%Return on equity (ROE)
7.79%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
49.83%Efficiency ratio
49,984Assets per employee
6.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.96%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
195.85%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.88%Net loans and leases to deposits
63.81%Net loans and leases to core deposits
83.82%Equity capital to assets
6.18%Core capital (leverage) ratio
5.96%Tier 1 risk-based capital ratio
9.77%Total risk-based capital ratio
Memoranda
$11Average assets
$127,386Average earning assets
$7,922Average equity
$120,646Average loans
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