Bank of Annapolis in Annapolis, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 29, 1996

  • Bank of Annapolis in Annapolis, Maryland (MD)
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Bank of Annapolis - Overview

  • General
  • FDIC Certificate #: 27519
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sandy Spring Bank (#4865)
    Federal Reserve ID: 709479
    Date Established: June 12, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 11067
    FDIC's unique #: 40252
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 12, 1989
    Last Structure Change Effective Date: August 29, 1996
    Last Structure Change Process Date: September 18, 1996
    Last Data Update: September 18, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1900 Fairfax Drive, Unit #7, Annapolis, MD 21401
    County: Anne Arundel
    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: $81.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $25Total assets
  • $81,821Cash and due from depository institutions
  • $235Interest-bearing balances
  • $127Securities
  • $4,275Federal funds sold & reverse repurchase agreements
  • $5,965Net loans & leases
  • $67,977Loan loss allowance
  • $686Trading account assets
  • $0Bank premises and fixed assets
  • $1,974Other real estate owned
  • $472Goodwill and other intangibles
  • $923Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $81,821Total liabilities
  • $72,972Total deposits
  • $64,035Interest-bearing deposits
  • $61,922Deposits held in domestic offices
  • 64035.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,758Subordinated debt
  • $0All other liabilities
  • $179Total equity capital
  • $179Total bank equity capital
  • $8,849Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $4,529Undivided profits
  • Memoranda
  • $2,820Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $211Income earned, not collected on loans
  • $584Earning assets
  • $78,344Long-term assets (5+ years)
  • $181Average Assets, year-to-date
  • $73,616Average Assets, quarterly
  • $79,177Volatile liabilities
  • $11,698Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $750Unused loan commitments
  • $17,923Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,880Total risk weighted assets
  • $67,994Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,874Total interest expense
  • $3,343Net interest income
  • $3,531Provision for loan and lease losses
  • $180Total noninterest income
  • $144Fiduciary activities
  • $0Service charges on deposit accounts
  • $36Trading account gains & fees
  • $0Additional noninterest income
  • $108Total noninterest expense
  • $1,711Salaries and employee benefits
  • $1,096Premises and equipment expense
  • $3Additional noninterest expense
  • $612Pre-tax net operating income
  • $1,784Securities gains (losses)
  • -$39Applicable income taxes
  • $674Income before extraordinary items
  • $1,071Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,071Net charge-offs
  • $49Cash dividends
  • $71Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.82%Cost of funding earning assets
  • 4.77%Net interest margin
  • 5.04%Noninterest income to earning assets
  • 0.21%Noninterest expense to earning assets
  • 2.44%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 2.37%Return on equity (ROE)
  • 13.52%Retained earnings to average equity (YTD only)
  • 12.62%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 367.35%Efficiency ratio
  • 46,558Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 6.63%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 325.12%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 106.16%Net loans and leases to core deposits
  • 121.18%Equity capital to assets
  • 10.82%Core capital (leverage) ratio
  • 11.37%Tier 1 risk-based capital ratio
  • 13.06%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $73,616Average earning assets
  • $7,921Average equity
  • $70,031Average loans

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