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)
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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

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