American Trust Bank, National Association in Cumberland, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1998

  • American Trust Bank, National Association in Cumberland, Maryland (MD)
  • Show street view No street view available for this location

American Trust Bank, National Association - Overview

  • General
  • FDIC Certificate #: 6770
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Keystone Financial Bank, National Association (#7712)
    Federal Reserve ID: 386526
    Date Established: November 13, 1933
    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)
    OTS Docket #: 11803
    FDIC's unique #: 4548
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 1998
    Last Structure Change Process Date: Febuary 05, 1999
    Last Data Update: Febuary 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 118 Baltimore Street, Cumberland, MD 21502
    County: Allegany
    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): Cumberland, MD-WV (#1900)
    Core Based Statistical Area (CBSA): Cumberland, MD-WV (#19060)
    CBSA Metro Statistical Area: Cumberland, MD-WV (#19060)
  • Financial Summary
  • Total assets: $933.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 337Total employees (full-time equivalent)
  • $891,916Total assets
  • $28,440Cash and due from depository institutions
  • $433Interest-bearing balances
  • $158,884Securities
  • $1,200Federal funds sold & reverse repurchase agreements
  • $624,591Net loans & leases
  • $14,975Loan loss allowance
  • $0Trading account assets
  • $21,806Bank premises and fixed assets
  • $543Other real estate owned
  • $41,078Goodwill and other intangibles
  • $0Life insurance assets
  • $15,374All other assets
  • $891,916Total liabilities and capital
  • $765,363Total liabilities
  • $686,768Total deposits
  • $621,409Interest-bearing deposits
  • $686,768Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $36,371Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,896Other borrowed funds
  • $0Subordinated debt
  • $11,328All other liabilities
  • $126,553Total equity capital
  • $126,553Total bank equity capital
  • $126,553Perpetual preferred stock
  • $0Common stock
  • $9,000Surplus
  • $88,576Undivided profits
  • Memoranda
  • $28,977Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,608Earning assets
  • $0Long-term assets (5+ years)
  • $5,597Average Assets, year-to-date
  • $785,108Average Assets, quarterly
  • $240,969Volatile liabilities
  • $783,238Insider loans
  • $905,531FHLB advances
  • $112,388Loans and leases held for sale
  • $7,428Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $58,580Total unused commitments
  • $0Restructured Loans and leases
  • $583,430Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $57,777Total interest income
  • $25,563Total interest expense
  • $32,214Net interest income
  • -$40Provision for loan and lease losses
  • $8,474Total noninterest income
  • $686Fiduciary activities
  • $2,159Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,629Additional noninterest income
  • $23,815Total noninterest expense
  • $10,587Salaries and employee benefits
  • $3,274Premises and equipment expense
  • $9,954Additional noninterest expense
  • $16,913Pre-tax net operating income
  • -$97Securities gains (losses)
  • $6,058Applicable income taxes
  • $10,758Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,758Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,309Sale, conversion, retirement of capital stock, net
  • $7,512Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.19%Yield on earning assets
  • 3.63%Cost of funding earning assets
  • 4.57%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 2.15%Pretax return on assets
  • 11.33%Return on equity (ROE)
  • 3.42%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • -3.06%Credit loss provision to net charge-offs
  • 12.89%Efficiency ratio
  • 55,884Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.83%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 129.01%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 90.95%Net loans and leases to core deposits
  • 100.71%Equity capital to assets
  • 14.19%Core capital (leverage) ratio
  • 9.89%Tier 1 risk-based capital ratio
  • 14.60%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $783,238Average earning assets
  • $94,950Average equity
  • $705,070Average 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 Trust 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