American Security Bank, National Association in Silver Spring, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 04, 1994

  • American Security Bank, National Association in Silver Spring, Maryland (MD)
  • Show street view No street view available for this location

American Security Bank, National Association - Overview

  • General
  • FDIC Certificate #: 804
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Maryland National Bank (#23761)
    Federal Reserve ID: 608929
    Date Established: October 12, 1889
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 28 (Interstate: No)
    FDIC's unique #: 509
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 04, 1994
    Last Structure Change Process Date: March 21, 1994
    Last Data Update: March 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 13711 Connecticut Avenue, Silver Spring, MD 20906
    County: Montgomery
    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): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
  • History of Changes
  • Merger - Without Assistance
    Change in Location
    Corrections
  • Financial Summary
  • Total assets: $3,441.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $752Total assets
  • $3,441,650Cash and due from depository institutions
  • $147,102Interest-bearing balances
  • $0Securities
  • $1,831,870Federal funds sold & reverse repurchase agreements
  • $40,225Net loans & leases
  • $1,106,792Loan loss allowance
  • $204,766Trading account assets
  • $0Bank premises and fixed assets
  • $19,593Other real estate owned
  • $121,402Goodwill and other intangibles
  • $102,784Life insurance assets
  • $71,882All other assets
  • $0Total liabilities and capital
  • $3,441,650Total liabilities
  • $2,918,786Total deposits
  • $1,881,187Interest-bearing deposits
  • $1,482,565Deposits held in domestic offices
  • 1573215.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $831,055Trading liabilities
  • $0Other borrowed funds
  • $158,139Subordinated debt
  • $0All other liabilities
  • $48,405Total equity capital
  • $48,405Total bank equity capital
  • $522,864Perpetual preferred stock
  • $0Common stock
  • $8,085Surplus
  • $499,351Undivided profits
  • Memoranda
  • $15,428Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $93,096Income earned, not collected on loans
  • $7,952Earning assets
  • $2,978,887Long-term assets (5+ years)
  • $1,243,850Average Assets, year-to-date
  • $3,799,670Average Assets, quarterly
  • $3,676,393Volatile liabilities
  • $1,434,407Insider loans
  • $10,938FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $373,027Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $450,982Total risk weighted assets
  • $1,696,545Total unused commitments
  • $0Restructured Loans and leases
  • $816,829Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $55,232Total interest expense
  • $19,168Net interest income
  • $36,064Provision for loan and lease losses
  • $0Total noninterest income
  • $18,852Fiduciary activities
  • $9,280Service charges on deposit accounts
  • $3,489Trading account gains & fees
  • $80Additional noninterest income
  • $6,003Total noninterest expense
  • $30,745Salaries and employee benefits
  • $9,123Premises and equipment expense
  • $3,205Additional noninterest expense
  • $18,417Pre-tax net operating income
  • $24,171Securities gains (losses)
  • $0Applicable income taxes
  • $8,640Income before extraordinary items
  • $15,531Extraordinary gains - net
  • $0Net income attributable to bank
  • $15,531Net charge-offs
  • -$6,151Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 0.56%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 0.56%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 0.64%Return on equity (ROE)
  • 4.22%Retained earnings to average equity (YTD only)
  • 4.22%Net charge-offs to loans
  • -0.39%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,154Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 15.61%Loss allowance to noncurrent loans
  • 219.95%Noncurrent assets plus other real estate owned to assets
  • 6.23%Noncurrent loans to loans
  • 7.10%Net loans and leases to deposits
  • 58.83%Net loans and leases to core deposits
  • 77.08%Equity capital to assets
  • 15.19%Core capital (leverage) ratio
  • 13.38%Tier 1 risk-based capital ratio
  • 26.58%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $3,799,670Average earning assets
  • $368,207Average equity
  • $3,395,460Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Security Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents