The Sparks State Bank in Sparks, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2002

  • The Sparks State Bank in Sparks, Maryland (MD)
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The Sparks State Bank - Overview

  • General
  • FDIC Certificate #: 5868
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile-Safe Deposit and Trust Company (#20347)
    Federal Reserve ID: 298124
    Date Established: October 17, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 11543
    FDIC's unique #: 4009
    Numeric code: 21
    Regulator: FDIC
    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: April 01, 2002
    Last Structure Change Process Date: June 03, 2002
    Last Data Update: June 03, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: York Road, Sparks, MD 21152
    County: Baltimore
    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: $271.6 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, 2001)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $259,930Total assets
  • $6,534Cash and due from depository institutions
  • $388Interest-bearing balances
  • $54,623Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $193,064Net loans & leases
  • $4,123Loan loss allowance
  • $0Trading account assets
  • $1,501Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,208All other assets
  • $259,930Total liabilities and capital
  • $227,856Total liabilities
  • $211,178Total deposits
  • $164,111Interest-bearing deposits
  • $211,178Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,814Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,864All other liabilities
  • $32,074Total equity capital
  • $32,074Total bank equity capital
  • $32,074Perpetual preferred stock
  • $0Common stock
  • $7,712Surplus
  • $14,263Undivided profits
  • Memoranda
  • $10,099Noncurrent loans and leases
  • $30,114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $205Earning assets
  • $0Long-term assets (5+ years)
  • $1,663Average Assets, year-to-date
  • $248,075Average Assets, quarterly
  • $30,472Volatile liabilities
  • $251,220Insider loans
  • $260,877FHLB advances
  • $31,514Loans and leases held for sale
  • $1,483Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,114Total unused commitments
  • $0Restructured Loans and leases
  • $2,928Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $18,612Total interest income
  • $6,638Total interest expense
  • $11,974Net interest income
  • $165Provision for loan and lease losses
  • $1,349Total noninterest income
  • $0Fiduciary activities
  • $593Service charges on deposit accounts
  • $0Trading account gains & fees
  • $756Additional noninterest income
  • $4,887Total noninterest expense
  • $2,939Salaries and employee benefits
  • $494Premises and equipment expense
  • $1,454Additional noninterest expense
  • $8,271Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,740Applicable income taxes
  • $5,531Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,531Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $3,887Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.72%Yield on earning assets
  • 2.75%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 2.20%Net operating income to assets
  • 2.20%Return on assets (ROA)
  • 3.29%Pretax return on assets
  • 17.82%Return on equity (ROE)
  • 5.30%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1100.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 36,681Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.28%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 2011.22%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 91.42%Net loans and leases to core deposits
  • 99.27%Equity capital to assets
  • 12.34%Core capital (leverage) ratio
  • 11.78%Tier 1 risk-based capital ratio
  • 16.65%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $251,220Average earning assets
  • $31,038Average equity
  • $241,094Average loans

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