FDIC Certificate #: 58756 Status: Active Federal Reserve ID: 3649633 Date Established: April 16, 2008 WWW:http://www.blueridgebk.com 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
No
ID
Name
Address
Established
Service Type
Map
0
466904
Blueridge Bank
18 West Patrick Street, Frederick, MD 21701
April 16, 2008
Full Service Brick and Mortar
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 BlueRidge Bank.
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.
Comment about this bank, ask questions, or add new information about it: