Bank of the Eastern Shore in Cambridge, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Eastern Shore - Overview

  • General
  • FDIC Certificate #: 26759
    Status: Active
    Federal Reserve ID: 904425
    Date Established: August 19, 1986
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 35876
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 19, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Crusader Road, Cambridge, MD 21613
    County: Dorchester
    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
    Core Based Statistical Area (CBSA): Cambridge, MD (#15700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $166.7 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $154.5 mil
    Return on assets (ROA): -4.35% (-$7.3 mil)
    Quarterly return on assets: -2.43% (-$4.1 mil)
    Return on Equity (ROE): -120.31% (-$3.6 mil)
    Quarterly return on equity: -115.06% (-$3.5 mil)
    Net income: -$7.9 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -4.34% (-$7,233.6 mil)
    Quarterly Pretax return on assets: -2.39% (-$3,983.5 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
  • 30Total employees (full-time equivalent)
  • $166,672Total assets
  • $3,846Cash and due from depository institutions
  • $2,619Interest-bearing balances
  • $6,693Securities
  • $5,073Federal funds sold & reverse repurchase agreements
  • $134,503Net loans & leases
  • $6,049Loan loss allowance
  • $0Trading account assets
  • $1,440Bank premises and fixed assets
  • $5,614Other real estate owned
  • $0Goodwill and other intangibles
  • $166,672Life insurance assets
  • $9,503All other assets
  • $163,648Total liabilities and capital
  • $154,536Total liabilities
  • $142,758Total deposits
  • $154,536Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,500Trading liabilities
  • $0Other borrowed funds
  • $612Subordinated debt
  • $3,024All other liabilities
  • $3,024Total equity capital
  • $3,024Total bank equity capital
  • $0Perpetual preferred stock
  • $1,293Common stock
  • $18,379Surplus
  • $-16,648Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,074Income earned, not collected on loans
  • $0Earning assets
  • $579Long-term assets (5+ years)
  • $148,888Average Assets, year-to-date
  • $39,614Average Assets, quarterly
  • $182,101Volatile liabilities
  • $168,491Insider loans
  • $136,855FHLB advances
  • $169,274Loans and leases held for sale
  • $6,238Unused loan commitments
  • $475Tier 1 (core) risk-based capital
  • $2,941Tier 2 risk-based capital
  • $871Total risk weighted assets
  • $4,892Total unused commitments
  • $7,135Restructured Loans and leases
  • $6,543Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,410Total interest income
  • $4,650Total interest expense
  • $4,760Net interest income
  • $3,740Provision for loan and lease losses
  • -$3,050Total noninterest income
  • $0Fiduciary activities
  • $400Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,450Additional noninterest income
  • $5,881Total noninterest expense
  • $1,907Salaries and employee benefits
  • $349Premises and equipment expense
  • $3,625Additional noninterest expense
  • -$7,911Pre-tax net operating income
  • $0Securities gains (losses)
  • $18Applicable income taxes
  • -$7,929Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,929Net income attributable to bank
  • $0Net charge-offs
  • -$7,929Cash dividends
  • $5,451Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 2.89%Cost of funding earning assets
  • 2.96%Net interest margin
  • -1.89%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • -4.35%Net operating income to assets
  • -4.35%Return on assets (ROA)
  • -4.34%Pretax return on assets
  • -120.31%Return on equity (ROE)
  • -120.31%Retained earnings to average equity (YTD only)
  • 3.62%Net charge-offs to loans
  • 68.61%Credit loss provision to net charge-offs
  • -0.77%Efficiency ratio
  • 343,918Assets per employee
  • 5.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.30%Loss allowance to noncurrent loans
  • 66.66%Noncurrent assets plus other real estate owned to assets
  • 8.81%Noncurrent loans to loans
  • 6.46%Net loans and leases to deposits
  • 87.04%Net loans and leases to core deposits
  • 94.95%Equity capital to assets
  • 1.81%Core capital (leverage) ratio
  • 1.74%Tier 1 risk-based capital ratio
  • 2.15%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $182,101Average earning assets
  • $6,590Average equity
  • $160,959Average loans

List of branches

  • 2 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035876Bank Of The Eastern Shore301 Crusader Road, Cambridge, MD 21613August 19, 1986Full Service Brick and Mortar
    2260119West Branch1025 Washington St, Cambridge, MD 21613December 10, 1991Full Service Brick and Mortar

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