Advance Bank in Baltimore, Maryland (MD), PA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Advance Bank in Baltimore, Maryland (MD), PA
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Advance Bank - Overview

  • General
  • FDIC Certificate #: 31372
    Status: Active
    Federal Reserve ID: 405173
    Date Established: January 01, 1957
    WWW: http://www.advancebankus.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: Yes)
    OTS Docket #: 6824
    FDIC's unique #: 44206
    Numeric code: 34
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 16, 1963
    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: 4801 Seton Drive, Baltimore, MD 21215
    County: Baltimore City
    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: $66.9 mil
    Equity capital: $6.9 mil
    Deposits held in domestic offices: $54.5 mil
    Return on assets (ROA): -1.16% (-$0.8 mil)
    Quarterly return on assets: -0.77% (-$0.5 mil)
    Return on Equity (ROE): -11.51% (-$0.8 mil)
    Quarterly return on equity: -7.58% (-$0.5 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.86% (-$1,243.8 mil)
    Quarterly Pretax return on assets: -1.24% (-$829.2 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
  • 24Total employees (full-time equivalent)
  • $66,871Total assets
  • $3,569Cash and due from depository institutions
  • $1,008Interest-bearing balances
  • $2,514Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,268Net loans & leases
  • $890Loan loss allowance
  • $0Trading account assets
  • $1,802Bank premises and fixed assets
  • $558Other real estate owned
  • $287Goodwill and other intangibles
  • $66,871Life insurance assets
  • $4,873All other assets
  • $59,976Total liabilities and capital
  • $54,463Total liabilities
  • $50,780Total deposits
  • $54,463Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $513Subordinated debt
  • $6,895All other liabilities
  • $6,895Total equity capital
  • $6,895Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $6,895Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,533Income earned, not collected on loans
  • $246Earning assets
  • $317Long-term assets (5+ years)
  • $56,790Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $72,219Volatile liabilities
  • $68,581Insider loans
  • $39,921FHLB advances
  • $64,748Loans and leases held for sale
  • $1,654Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,776Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $60Restructured Loans and leases
  • $258Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,539Total interest income
  • $609Total interest expense
  • $2,930Net interest income
  • $1,043Provision for loan and lease losses
  • $375Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $3,603Total noninterest expense
  • $1,688Salaries and employee benefits
  • $989Premises and equipment expense
  • $926Additional noninterest expense
  • -$1,341Pre-tax net operating income
  • $0Securities gains (losses)
  • -$505Applicable income taxes
  • -$836Income before extraordinary items
  • $0Extraordinary gains - net
  • -$836Net income attributable to bank
  • $0Net charge-offs
  • -$836Cash dividends
  • $829Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.87%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 5.99%Noninterest expense to earning assets
  • -1.16%Net operating income to assets
  • -1.16%Return on assets (ROA)
  • -1.86%Pretax return on assets
  • -11.51%Return on equity (ROE)
  • -11.51%Retained earnings to average equity (YTD only)
  • 1.45%Net charge-offs to loans
  • 125.81%Credit loss provision to net charge-offs
  • -0.36%Efficiency ratio
  • 107,867Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 35.14%Noncurrent assets plus other real estate owned to assets
  • 4.62%Noncurrent loans to loans
  • 4.68%Net loans and leases to deposits
  • 97.81%Net loans and leases to core deposits
  • 101.65%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 7.38%Tier 1 risk-based capital ratio
  • 11.96%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $72,219Average earning assets
  • $7,260Average equity
  • $60,107Average loans

List of branches

  • 3 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    044206Advance Bank4801 Seton Drive, Baltimore, MD 21215January 01, 1957Full Service Brick and Mortar
    103495523East Coldspring Lane Branch1405 East Coldspring Lane, Baltimore, MD 21239June 30, 2001Full Service Brick and Mortar
    104495526Security Blvd. Branch6669 Security Blvd Ste 5, Baltimore, MD 21207June 08, 2009Full Service Brick and Mortar
  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10141967Berean Bank Branch5228 Chestnut Street, Philadelphia, PA 19139January 01, 1888Full Service Brick and Mortar

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