CNB in Centreville, Maryland (MD), DE
Overview, Financial Summary, Detailed Financial Reports, Branches

CNB - Overview

  • General
  • FDIC Certificate #: 4832
    Status: Active
    Federal Reserve ID: 933023
    Bank Holding Company (Regulatory Top Holder): Shore Bancshares, Inc. (RSSDID: 2429838, Location: Easton, MD)
    Date Established: June 01, 1876
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 13973
    FDIC's unique #: 3222
    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: January 01, 1934
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: March 02, 2011
    Last Data Update: March 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 North Commerce Street, Centreville, MD 21617
    County: Queen Anne's
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $435.9 mil
    Equity capital: $45.2 mil
    Deposits held in domestic offices: $385.2 mil
    Return on assets (ROA): 0.46% ($2.0 mil)
    Quarterly return on assets: 0.73% ($3.2 mil)
    Return on Equity (ROE): 4.46% ($2.0 mil)
    Quarterly return on equity: 7.08% ($3.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.71% ($3,094.8 mil)
    Quarterly Pretax return on assets: 1.12% ($4,882.0 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
  • 109Total employees (full-time equivalent)
  • $435,889Total assets
  • $22,444Cash and due from depository institutions
  • $17,269Interest-bearing balances
  • $89,044Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $299,837Net loans & leases
  • $4,618Loan loss allowance
  • $0Trading account assets
  • $8,861Bank premises and fixed assets
  • $3,359Other real estate owned
  • $2,563Goodwill and other intangibles
  • $435,889Life insurance assets
  • $9,781All other assets
  • $390,727Total liabilities and capital
  • $385,227Total liabilities
  • $367,730Total deposits
  • $385,227Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 1673.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,827Subordinated debt
  • $45,162All other liabilities
  • $45,162Total equity capital
  • $45,162Total bank equity capital
  • $0Perpetual preferred stock
  • $6,399Common stock
  • $14,458Surplus
  • $24,305Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,001Income earned, not collected on loans
  • $0Earning assets
  • $1,601Long-term assets (5+ years)
  • $406,150Average Assets, year-to-date
  • $103,276Average Assets, quarterly
  • $429,950Volatile liabilities
  • $433,714Insider loans
  • $295,232FHLB advances
  • $431,968Loans and leases held for sale
  • $3,006Unused loan commitments
  • $2,912Tier 1 (core) risk-based capital
  • $41,542Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $94Total unused commitments
  • $51,469Restructured Loans and leases
  • $8,582Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,913Total interest income
  • $3,606Total interest expense
  • $16,307Net interest income
  • $3,150Provision for loan and lease losses
  • $4,120Total noninterest income
  • $928Fiduciary activities
  • $1,455Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,737Additional noninterest income
  • $14,307Total noninterest expense
  • $5,979Salaries and employee benefits
  • $1,489Premises and equipment expense
  • $6,839Additional noninterest expense
  • $2,970Pre-tax net operating income
  • $81Securities gains (losses)
  • $1,084Applicable income taxes
  • $1,967Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,967Net income attributable to bank
  • $0Net charge-offs
  • $1,967Cash dividends
  • $3,447Sale, conversion, retirement of capital stock, net
  • $989Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.09%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 4.46%Return on equity (ROE)
  • 2.22%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 91.38%Credit loss provision to net charge-offs
  • 1.78%Efficiency ratio
  • 69,447Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.28%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 51.31%Noncurrent assets plus other real estate owned to assets
  • 2.84%Noncurrent loans to loans
  • 2.96%Net loans and leases to deposits
  • 77.83%Net loans and leases to core deposits
  • 83.10%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 14.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $429,950Average earning assets
  • $44,058Average equity
  • $398,432Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $104,754Managed Assets
  • 1Number of Accounts
  • $96,598Personal trust and agency accounts
  • $2,651Employee benefit-defined contribution accounts
  • $2,472Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,699Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $76,096Other fiduciary accounts
  • $680Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 146Number of Accounts
  • $0Personal trust and agency accounts
  • $14,639Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,156Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,454Fiduciary accounts held in foreign offices

List of branches

  • 3 Delaware Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    98056Felton Branch120 Main Street, Felton, DE 19943July 09, 1917Full Service Brick and Mortar
    10227804Milford Delaware Branch698a North Dupont Highway, Milford, DE 19963September 22, 1993Full Service Brick and Mortar
    11466425Camden Office Branch263 Walmart Drive, Camden, DE 19934March 26, 2007Full Service Brick and Mortar
  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03222Cnb109 North Commerce Street, Centreville, MD 21617June 01, 1876Full Service Brick and Mortar
    1204570Kent Island Branch408 Thompson Creek Road, Stevensville, MD 21666August 16, 1976Full Service Brick and Mortar
    2204571Rt 213 Branch2609 Centreville Road, Centreville, MD 21617October 05, 1978Full Service Brick and Mortar
    3227690Tuckahoe Branch21913 Shore Highway, Hillsboro, MD 21641January 23, 1939Full Service Brick and Mortar
    5361329Denton Branch850 South 5th Ave, Denton, MD 21629April 02, 2001Full Service Brick and Mortar
    6419413Chester Branch300 Castle Marina Road, Chester, MD 21619Febuary 03, 2003Full Service Brick and Mortar
    7448953202 Pullman Crossing Branch202 Pullman Crossing, Grasonville, MD 21638December 01, 2005Full Service Brick and Mortar
    8454700Washington Square Branch899 Washington Avenue, Chestertown, MD 21620June 26, 2006Full Service Brick and Mortar

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