FDIC Certificate #: 32547 Status: Active Federal Reserve ID: 703178 Date Established: May 13, 1927 WWW:http://www.vigilantfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 8420 FDIC's unique #: 45381 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: July 08, 1987 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 532 Eastern Avenue, Baltimore, MD 21221 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $57.3 mil Equity capital: $3.8 mil Deposits held in domestic offices: $44.9 mil Return on assets (ROA): 0.27% ($0.2 mil) Quarterly return on assets: 0.57% ($0.3 mil) Return on Equity (ROE): 4.12% ($0.2 mil) Quarterly return on equity: 8.68% ($0.3 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.40% ($229.1 mil) Quarterly Pretax return on assets: 0.84% ($481.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$57,282Total assets
$12,972Cash and due from depository institutions
$12,521Interest-bearing balances
$8,573Securities
$0Federal funds sold & reverse repurchase agreements
$31,756Net loans & leases
$283Loan loss allowance
$0Trading account assets
$1,527Bank premises and fixed assets
$304Other real estate owned
$0Goodwill and other intangibles
$57,282Life insurance assets
$2,150All other assets
$53,462Total liabilities and capital
$44,929Total liabilities
$43,085Total deposits
$44,929Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,000Trading liabilities
$0Other borrowed funds
$533Subordinated debt
$3,820All other liabilities
$3,820Total equity capital
$3,820Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$3,820Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$944Income earned, not collected on loans
$0Earning assets
$268Long-term assets (5+ years)
$52,850Average Assets, year-to-date
$0Average Assets, quarterly
$56,367Volatile liabilities
$57,144Insider loans
$21,786FHLB advances
$57,282Loans and leases held for sale
$901Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,820Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,409Restructured Loans and leases
$314Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,714Total interest income
$925Total interest expense
$1,789Net interest income
$188Provision for loan and lease losses
$149Total noninterest income
$0Fiduciary activities
$4Service charges on deposit accounts
$0Trading account gains & fees
$145Additional noninterest income
$1,522Total noninterest expense
$719Salaries and employee benefits
$385Premises and equipment expense
$418Additional noninterest expense
$228Pre-tax net operating income
$0Securities gains (losses)
$75Applicable income taxes
$153Income before extraordinary items
$0Extraordinary gains - net
$153Net income attributable to bank
$0Net charge-offs
$153Cash dividends
$80Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.79%Cost of funding earning assets
3.47%Net interest margin
0.29%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
0.27%Net operating income to assets
0.27%Return on assets (ROA)
0.40%Pretax return on assets
4.12%Return on equity (ROE)
4.12%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
235.00%Credit loss provision to net charge-offs
5.20%Efficiency ratio
78,535Assets per employee
5.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
29.98%Noncurrent assets plus other real estate owned to assets
2.18%Noncurrent loans to loans
2.95%Net loans and leases to deposits
70.68%Net loans and leases to core deposits
70.68%Equity capital to assets
6.67%Core capital (leverage) ratio
6.67%Tier 1 risk-based capital ratio
17.53%Total risk-based capital ratio
Memoranda
$19Average assets
$56,367Average earning assets
$3,711Average equity
$51,584Average loans
List of branches
1 Maryland Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
45381
Vigilant Federal Savings Bank
532 Eastern Avenue, Baltimore, MD 21221
May 13, 1927
Full Service Brick and Mortar
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