BlueRidge Bank in Frederick, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

BlueRidge Bank - Overview

  • General
  • FDIC Certificate #: 58756
    Status: Active
    Federal Reserve ID: 3649633
    Date Established: April 16, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 466904
    Numeric code: 21
    Regulator: FDIC
    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: April 16, 2008
    Last Structure Change Effective Date: April 21, 2008
    Last Structure Change Process Date: April 21, 2008
    Last Data Update: April 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 West Patrick Street, Frederick, MD 21701
    County: Frederick
    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
  • Corrections
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $152.3 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $138.2 mil
    Return on assets (ROA): 0.02% ($0.0 mil)
    Quarterly return on assets: -0.24% (-$0.4 mil)
    Return on Equity (ROE): 0.22% ($0.0 mil)
    Quarterly return on equity: -2.53% (-$0.4 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.08% ($121.8 mil)
    Quarterly Pretax return on assets: -0.03% (-$45.7 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
  • 23Total employees (full-time equivalent)
  • $152,275Total assets
  • $16,271Cash and due from depository institutions
  • $15,687Interest-bearing balances
  • $33,270Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $100,533Net loans & leases
  • $1,737Loan loss allowance
  • $0Trading account assets
  • $767Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $152,275Life insurance assets
  • $1,434All other assets
  • $138,353Total liabilities and capital
  • $138,170Total liabilities
  • $122,554Total deposits
  • $138,170Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $183Subordinated debt
  • $13,922All other liabilities
  • $13,922Total equity capital
  • $13,922Total bank equity capital
  • $0Perpetual preferred stock
  • $2,251Common stock
  • $16,401Surplus
  • $-4,730Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,503Income earned, not collected on loans
  • $0Earning assets
  • $294Long-term assets (5+ years)
  • $149,490Average Assets, year-to-date
  • $44,896Average Assets, quarterly
  • $136,759Volatile liabilities
  • $146,443Insider loans
  • $105,839FHLB advances
  • $146,453Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,112Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,062Restructured Loans and leases
  • $6,188Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,660Total interest income
  • $1,666Total interest expense
  • $3,994Net interest income
  • $305Provision for loan and lease losses
  • $82Total noninterest income
  • $0Fiduciary activities
  • $67Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $3,823Total noninterest expense
  • $2,348Salaries and employee benefits
  • $302Premises and equipment expense
  • $1,173Additional noninterest expense
  • -$52Pre-tax net operating income
  • $161Securities gains (losses)
  • $79Applicable income taxes
  • $30Income before extraordinary items
  • $0Extraordinary gains - net
  • $30Net income attributable to bank
  • $0Net charge-offs
  • $30Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.22%Return on equity (ROE)
  • 0.22%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 93,793Assets per employee
  • 6.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 115.57%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 72.76%Net loans and leases to core deposits
  • 78.63%Equity capital to assets
  • 9.14%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $136,759Average earning assets
  • $13,729Average equity
  • $133,886Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0466904Blueridge Bank18 West Patrick Street, Frederick, MD 21701April 16, 2008Full Service Brick and Mortar

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