Westminster Union Bank in Westminster, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Westminster Union Bank in Westminster, Maryland (MD)
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Westminster Union Bank - Overview

  • General
  • FDIC Certificate #: 12884
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 526229
    Date Established: May 21, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    FDIC's unique #: 8156
    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: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 71 East Main Street, Westminster, MD 21157
    County: Carroll
    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: $929.6 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, 2006)

  • Dollar figures in thousands
  • 156Total employees (full-time equivalent)
  • $905,775Total assets
  • $47,557Cash and due from depository institutions
  • $31,395Interest-bearing balances
  • $218,521Securities
  • $23,703Federal funds sold & reverse repurchase agreements
  • $519,910Net loans & leases
  • $5,485Loan loss allowance
  • $0Trading account assets
  • $6,383Bank premises and fixed assets
  • $0Other real estate owned
  • $73,243Goodwill and other intangibles
  • $4,443Life insurance assets
  • $16,458All other assets
  • $905,775Total liabilities and capital
  • $762,355Total liabilities
  • $697,338Total deposits
  • $567,240Interest-bearing deposits
  • $697,338Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $26,344Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $24,700Subordinated debt
  • $3,973All other liabilities
  • $143,420Total equity capital
  • $143,420Total bank equity capital
  • $143,420Perpetual preferred stock
  • $0Common stock
  • $700Surplus
  • $99,075Undivided profits
  • Memoranda
  • $43,645Noncurrent loans and leases
  • $177,262Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22Earning assets
  • $0Long-term assets (5+ years)
  • $3,298Average Assets, year-to-date
  • $793,529Average Assets, quarterly
  • $354,461Volatile liabilities
  • $895,100Insider loans
  • $900,229FHLB advances
  • $89,863Loans and leases held for sale
  • $16,285Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $142Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $177,262Total unused commitments
  • $0Restructured Loans and leases
  • $30,590Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $44,739Total interest income
  • $15,521Total interest expense
  • $29,218Net interest income
  • -$1,251Provision for loan and lease losses
  • $5,519Total noninterest income
  • $0Fiduciary activities
  • $3,018Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,501Additional noninterest income
  • $17,785Total noninterest expense
  • $6,943Salaries and employee benefits
  • $2,288Premises and equipment expense
  • $8,554Additional noninterest expense
  • $18,203Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,763Applicable income taxes
  • $11,440Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,440Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $67Sale, conversion, retirement of capital stock, net
  • $7,589Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.99%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 8.13%Return on equity (ROE)
  • 2.74%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -1867.16%Credit loss provision to net charge-offs
  • 253.01%Efficiency ratio
  • 47,992Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.34%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 24931.82%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 74.56%Net loans and leases to core deposits
  • 82.03%Equity capital to assets
  • 15.83%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $895,100Average earning assets
  • $140,709Average equity
  • $781,312Average loans

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